The Lagos State Government has secured a $22 million foreign direct investment aimed at expanding its fibre optic infrastructure to enhance smart connectivity and digital growth.
This development was shared on Monday by the Special Adviser to the Governor on Infrastructure,
Engr. Olufemi Daramola, during a ministerial press briefing marking the second anniversary of Governor Babajide Sanwo-Olu’s second term.
According to the statement, the Lagos State Infrastructure Maintenance and Regulatory Agency secured a $22 million foreign direct investment to support the expansion of the state’s fibre duct network.
This investment is part of ongoing efforts to strengthen digital infrastructure, boost broadband connectivity, and advance Lagos’s smart city agenda.
“In the same vein, the Lagos State Infrastructure Maintenance Agency (LASIMRA) has also made significant boost in the state’s investment in Fibre Duct Expansion: with an additional 2,700km installations planned, building on 3,000km completed by WTES, to enhance connectivity while also securing a commitment of $22 million foreign direct investment for quality fibre installations in Lagos State,” Daramola said.
In early March, Lagos State commenced the second phase of its 3,300km metro fibre rollout, building on the 2,700km already deployed to enhance internet connectivity, especially in underserved communities. This expansion has led to over one million new internet subscriptions between 2023 and 2025 and has allowed telecom operators to extend coverage to previously neglected areas.
As part of its wider digital transformation efforts, Lagos State is pushing forward with the Safe City Project by installing smart surveillance and traffic enforcement systems in key locations such as Alapere and Allen Avenue.
These technologies are designed to strengthen public safety and streamline traffic flow across the city.
Governor Sanwo-Olu announced that Lagos State will extend its fibre-optic network by 1,200km in 2025 and develop world-class data centres within the next two years.
These efforts aim to boost the state’s digital infrastructure, promoting innovation and economic growth.
