How to Start a Tech Business in Lagos
Lagos is Nigeria’s tech hub, home to numerous startups and a growing digital economy. Whether you’re launching a software company, an ICT training center, a web design agency, or a fintech startup, here’s a step-by-step guide to starting a successful tech business in Lagos.
1. Identify a Profitable Tech Niche
Before starting, choose a niche that has high demand. Some profitable ICT business ideas in Lagos include:
Web development & design
Cybersecurity services
ICT training & consultancy
App & software development
E-commerce solutions
Digital marketing & SEO services
Fintech & blockchain solutions
Tip: Research the market and analyze your competition.
2. Develop a Business Plan
A solid business plan helps you stay focused and attract investors. Your plan should cover:
Business model (product-based, service-based, or SaaS)
Target audience (individuals, businesses, or government agencies)
Pricing strategy (one-time fee, subscription, or freemium model)
Marketing plan (social media, paid ads, content marketing)
Funding strategy (self-funded, loans, or investors)
Tip: Start small and scale as your business grows.
3. Register Your Business with CAC
To operate legally, register your business with the Corporate Affairs Commission (CAC).
Steps to register:
- Choose a business name
- Check name availability on the CAC website
- Register your business as a Business Name (BN) or Limited Liability Company (LLC)
- Get your Tax Identification Number (TIN) from the FIRS
Tip: Registering an LLC adds credibility and attracts investors.
4. Get the Right Tech & Tools
Invest in the right equipment and software to run your business efficiently.
Laptops & smartphones – Get high-performance devices
Internet & power backup – Ensure reliable connectivity and power supply
Business software – Use Trello (task management), Slack (team communication), QuickBooks (finance), and Canva (design)
Tip: Use cloud storage like Google Drive or OneDrive to save files securely.
5. Build a Strong Online Presence
Your tech business needs an online presence to attract customers.
Create a professional website – Use WordPress, Wix, or custom development
Leverage social media – Facebook, Twitter, Instagram, LinkedIn
Invest in SEO – Optimize your website for Google ranking
Use Google My Business – Improve local search visibility
Tip: Share valuable content to position yourself as an industry expert.
6. Find Funding & Investment
Starting a tech business requires capital for software, marketing, and hiring. Here’s how to get funding:
Self-funding – Personal savings or family support
Government grants – Apply for BOI, NITDA, and CBN grants
Tech incubators & accelerators – CcHUB, Wennovation Hub, and Lagos Innovates
Angel investors & venture capitalists
Tip: Have a solid business pitch before approaching investors.
7. Network with the Tech Community
Lagos has a vibrant tech ecosystem. Join communities to stay updated and find business opportunities.
Attend tech events & conferences (Lagos Startup Week, Techpoint Build)
Join startup hubs & incubators (CcHUB, Start Innovation Hub)
Be active in online forums & groups (Twitter tech spaces, LinkedIn)
Tip: Networking helps with partnerships, mentorship, and funding.
8. Offer Quality Services & Scale Your Business
Once you start gaining customers, focus on delivering quality service and expanding your business.
Provide excellent customer service
Gather testimonials & reviews
Automate & scale your business operations
Keep up with the latest tech trends
Tip: Invest in training and upskilling to stay ahead of competitors.
Final Thoughts
Starting a tech business in Lagos requires planning, execution, and consistency. Follow these steps, and you’ll be on your way to building a successful ICT business.
