Start-ups can apply for vouchers that will contribute N12,000, N20,000, or N150,000 ($33, $55, or $415) per month toward their co working space fees. The size of the reward depends on the the stage of the start-up. The state government partnered with several co-working spaces on this initiative, and the offer extends only to these hubs.

Tech hubs in Lagos will be able to borrow up to N50m ($140,000) at 0% interest rate for four years from the government in order to grow operations or open a new space.

In order to promote the tech ecosystem’s development, the government is making grants of up to N5m ($14,000) available for various events (pitch events, hackathons, etc.).

Like workspace vouchers, the government will be subsidising entrepreneurs who want to take part in programmes that will benefit their start-ups’ development (accelerator programmes, programming courses, etc.). Expected to launch in Q2.

Lagos Innovates will be partnering with an accelerator programme in the city for two cohorts of ten start-ups to go through a twelve-week programme. The first ten start-ups are expected to start the programme in Q2.

The government will look to de-risk early stage start-ups by matching funding put in by other investors (angels, incubators, seed funds, etc.). Expected to launch in Q3.