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  • Updated: September 21, 2023

Vibranium Valley: Nigeria's Rising Tech Hub, Its Impact On Innovation, Business Growth

Vibranium Valley: Nigeria's Rising Tech Hub, Its Impact On I

The General Manager of Vibranium Valley, Moyosore Asubiojo has claimed that the valley has become a tech hub and home to innovators and businesses, much like Nigeria's Silicon Valley.

Asubiojo stated this in a news conference in Lagos on the sidelines of a visit to Vibranium Valley by US Deputy Secretary of the Treasury, Wally Adeyemo.

She stated that the valley has been home to many IT enterprises that are resident and fostered there.

According to the NAN, the VGG, founded in 2011, is a holding company for fintech firms that deliver innovative, data-driven, and end-to-end technological platforms.

VGG's new home is the Vibranium Valley, an innovative and collaborative place. It is located in Ikeja, Lagos State, along the Murtala Muhammed Airport Road.

The Valley's 2,600 square metre innovation complex is home to some of Africa's top startups.

According to Asubiojo, these IT firms concentrated on various industries such as power, aviation, education, and fintech.

“What we do here is to incubate lots of tech companies, and we look for how we can use technology to solve a lot of problems in Nigeria and outside Nigeria as well,’’ she said.

According to the general manager, over 40 tech businesses have been enabled by its Greenhouse Capital Company and its Venture Garden Group (VGG) ecosystem.

According to Asubiojo, the VGG is the holding company, and under it are many subsidiaries, including Power Tech, which focuses on the power industry, EduTech, which focuses on education, the VGP, which focuses on the fintech sector, and the AV Tech, which focuses on the aviation sector.

She stated that the Vibranium Valley had given birth to approximately 15 enterprises within the organisation.

Asubiojo stated that it was interested in empowering young people in addition to assisting tech enterprises.

She stated that the company was collaborating with the US Consulate to empower young people in technology.

“Vibranium Valley as a tech city and the Silicon Valley of Nigeria has trained about 200 people within the ecosystem.

“We have programme sessions and boot camps, where we train youths, schools as well those within the university as well.

“We also partner with the American Corner to organise training for teachers on how they can use technology in the classroom.

“We have a relationship with the U.S. Consulate. We are partners that is why you see American Corner located under the Vibranium Valley Tech City,’’ the general manager said.

She went on to say that Vibranium Valley, as a digital business, is very concerned with Corporate Social Responsibility (CSR).

According to Asubiojo, Vibranium Valley has the Venture Garden Foundation through which it conducts CSR, and its training courses for tech professionals are a means for the company to give back to the community.

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