Lagos has 250 startups in our sample database. This represents about 77% of Nigeria’s startups. Lagos is the highest-ranked startup ecosystem in Nigeria.
While Lagos decreased by 1 spot in its global rank in the Global Startup Ecosystem Index of 2023, its ranking in Nigeria remained stable at 1 nationally since 2022.
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The health check tables allow you to look at the performance Lagos has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...
Lagos is ranked within the top 100 startup ecosystems globally.
Lagos’s startups excel particularly in Fintech where it ranks 38 and in Transportation, and Ecommerce & Retail. Find out more
2023 National Rank & Change | City | Global Rank & Change | Total Score | Quantity Score | Quality Score | Business Score |
---|---|---|---|---|---|---|
1st 0 | 82nd - 1 | 8.230 | 00.00 | 00.00 | 00.00 | |
2nd 0 | 587th - 114 | 0.368 | 00.00 | 00.00 | 00.00 | |
3rd 0 | 631st + 30 | 0.326 | 00.00 | 00.00 | 00.00 | |
4th + 1 | 841st new | 0.177 | 00.00 | 00.00 | 00.00 | |
5th - 1 | 961st new | 0.126 | 00.00 | 00.00 | 00.00 |
Within Lagos there is an increased attraction for entrepreneurs to set up their startups in industries such as Fintech, Transportation, Ecommerce & Retail. These three industries represent about 44% of the startups represented on the Startup Ecosystem Map of Lagos.
Lagos is Nigeria's 1st best startup ecosystem and is ranked 1st in Western Africa. With a population of undefined, Lagos is ranked 82nd in the world. The city has some notable startup success stories including TeamApt and its startup ecosystem infrastructure is strengthened by organizations such as Jumia Group and Regus - Lagos, Vibranium Valley.
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The Global Startup Ecosystem Index (GSEI) reveals the startup ecosystem rankings of 1,000 cities and 100 countries based on various factors. It uses an algorithm that considers many parameters and incorporates data from different sources and partners such as Crunchbase, SEMRush and Statista. The results of this index are also integrated with the StartupBlink Global […]
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