The Nigerian technology ecosystem is hampered by a deficiency in digital infrastructure, including but not limited to stable broadband internet and widespread mobile adoption that enables innovators to build and distribute their products and services. There is also a significant dearth of digital talent to build and scale domestic technological solutions, thereby inhibiting the sector’s growth. The NSIA established a US$200 million Innovation Fund to catalyze the technology ecosystem in Nigeria, with a seed commitment of US$25 million. The Authority’s pioneer investment in the technology sector was developing the 57.6MW hyperscale data center by Kasi Cloud Limited in Lekki, Lagos. The Lagos campus is expected to be one of many nationwide centers. Similarly, as part of our support to the Tech Ecosystem, NSIA held its maiden edition of the NSIA Prize For Innovation Program in 2023. This event rewarded tech entrepreneurs with cash prizes and investments in the businesses of the top 3 winners. More fundamentally, this event seeks to expand financial and non-financial resources to startups in the Nigerian technology sector.