By Modupe Gbadeyanka Tech giant, Microsoft, is reportedly planning to shut down its innovation centre in Lagos, known as the African Development Centre (ADC). The reason for this action has not been independently verified by Business Post, but there are strong indications that it is due to the tough business environment and the low purchasing power of consumers in the country. Recall that in 2019, Microsoft established the innovation centre believed to be worth $100 million in Lagos, but operations commenced in 2022. The facility was launched by the then Minister of Communications and Digital Economy, Mr Isa Pantami, and
Microsoft to Shut Down Lagos Innovation Centre
