Lagos State Governor, Babajide Sanwo-Olu, has urged both local and foreign investors to explore the vast investment opportunities available in the state, assuring them of his administration’s readiness to partner with the private sector to drive growth and development.
The governor gave the assurance on Monday at the Nigeria–UAE Investment Forum, themed “Investopia Global Africa,” organised by the Federal Ministry of Industry, Trade and Investment at Eko Hotels and Suites, Victoria Island, Lagos.
In a statement issued by his Special Adviser on Media and Publicity, Gboyega Akosile, Sanwo-Olu said the Lagos State Government remains committed to providing the right infrastructure and ensuring a safe, secure and business-friendly environment for investors.
According to him, the state has made significant investments in infrastructure over the past six and a half years and is prepared to deepen development through strategic partnerships.
“Lagos is positioning itself and leading the Nigerian conversation. We are also getting tremendous support from the Federal Government because, at the end of the day, most of these investments sit at the sub-national level,” the governor said.
“I want to assure all our local and international investors that Lagos is a willing and ready partner. Whatever red tape exists, we are removing it. We also want to step back and allow businesses to run efficiently. The security environment in Lagos is safe, sound and secure.”
Sanwo-Olu highlighted key infrastructure projects, including the Lekki Deep Sea Port and plans for the Badagry Port, noting that such investments are central to the state’s long-term economic vision.
“Lagos State invested in the Lekki Port, which is the largest deep seaport in the country. We are also making concrete investments in the Badagry Port. It is all about partnerships and creating an enabling environment,” he said.
He also revealed plans, in collaboration with the Federal Government, to build another international airport in the state, describing the move as forward-looking and essential for future growth.
In addition, the governor disclosed plans to establish the largest logistics hub in the country to support agribusiness and improve market efficiency.
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Sanwo-Olu further spoke on the Lagos International Financial Centre (LIFC), a joint initiative between the state government and EnterpriseNGR, aimed at strengthening Lagos’ position as a financial hub while boosting the national economy.
“We started this journey in 2023, and in another eight months to a year, we hope to unveil it fully. What is remarkable is the level of global support we are receiving,” he said.
He explained that the LIFC is being designed as a competitive and globally relevant financial hub, drawing lessons from international best practices while tailoring the model to Africa and Nigeria.
“The Lagos International Financial Centre is not just about Lagos; it is really a conversation about Nigeria. But it has to be based in a city that is attractive and ready to unlock investment opportunities for the entire country,” Sanwo-Olu added.
