The governor of Lagos State, Mr. Babajide Sanwo-Olu, on Monday has urged local and international investors to invest in Lagos, saying the state is willing and ready to partner with investors.
He assured them of his administration’s commitment to providing infrastructure and a secure and safe environment for businesses in the State.
The governor spoke at the Nigeria-UAE Investment Forum tagged “Investopia Global Africa” hosted by the Federal Ministry of Industry, Trade and Investment at Eko Hotels and Suites, Victoria Island, Lagos, on Monday.
Governor Sanwo-Olu said Lagos State in the last six and a half years of his administration had provided infrastructure across the state in different sectors and was willing to partner with investors to do more for the people.
He said: “Lagos is positioning itself, leading the Nigerian conversation, and we are getting tremendous support from the federal government because, at the end of the day, all of those investments sit at the sub-national.
“I want to assure all of our local and international investors that Lagos is indeed a willing and ready partner. Whatever the red tapes there are, we are removing them. We also want to step back and let the businesses run for themselves. The security environment is safe, sound, and secure.
“Lagos State made an investment in the Lekki Port, which is the biggest deep port in the country. We are also making an actual investment in the Badagry Port. It is all about partnerships and creating an enabling environment.
“Lagos State is planning, with the support of the Federal Government, to build another international airport. That is also forward-looking. Lagos State is also planning to build the largest logistics hub that will ensure that all of the markets that are in the agribusiness can sit in Lagos and work well.”
Governor Sanwo-Olu also spoke about his administration’s commitment to boosting the state and national economy through the Lagos International Financial Center, LIFC, which is a joint initiative of the Lagos State Government and EnterpriseNGR.
He said: “We have had extensive conversation around the path of the Lagos International Financial Centre, LIFC. We started this journey in 2023. We still have another eight months to a year to finally unveil it. The beauty of it is the amount of global support that we are receiving.
“We are trying to learn from various regions to bring about a model that will be a true African model that will work for everyone but will also be a Nigerian model. We are actually thinking globally. We are thinking about how to remain competitive, resilient, and able to play on the same level of platforms with other big cities and other big markets in the world.
“The Lagos International Financial Centre we are talking about is not just about Lagos; it is really a conversation about Nigeria, but it has to be in a city and a place where it can also be attractive and be ready to unlock the investment.”
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