Lagos Remains Investor’s Haven, Says Sanwo-Olu

Governor Babajide Sanwo-Olu has said Lagos State remains an investor’s haven and urged existing and potential investors to  see the state as a choice place to stake their resources.

The governor stated this at a high-level US-Nigeria Council for Food Security, Trade and Investment (UNSC) event on the sidelines of the World Bank-IMF Spring Meetings in Washington DC, United States.

Governor Sanwo-Olu in a statement issued by his chief press secretary, Mr. Gboyega Akosile, said the state is the right place for investments in FinTech, EdTech, Health-Tech, Business Process Outsourcing (BPO), talent training and placement, or physical infrastructure like data centres, among others.

He said, “It is always my very great pleasure to engage with existing and potential investors and business people in Nigeria, and most especially, Lagos State, the crown subnational jewel of the African economy. I am sure many of you will be familiar with the numbers, the fact that Lagos is the fifth largest economy on the continent, the most populous city, and the fastest-growing urban centre, with a very vibrant and entrepreneurial population, made up of mostly young people.

“We have the market, we have the talent, we have the enabling environment, we have the physical infrastructure, all in place. And we have the success stories, great testimonials of what is possible when people come together to develop and implement great ideas and solutions, backed by the power of private capital and the support of understanding and enthusiastic governments,” he said.

The governor acknowledged the place of the US-Nigeria Council, as the pre-eminent business organisation working to strengthen economic and commercial ties between the US and Nigeria.

During the event, Sanwo-Olu spoke on the giant strides of his administration in different sectors, especially in infrastructure, food security and digital technology, in line with the THEMES six pillars developmental agenda – Transportation and Traffic Management, Healthcare and Environment, Education and Technology, Making Lagos a 21st Century Megacity, Entertainment, Tourism and Sports, and Security and Governance.

He said, “One of the accomplishments we are proud of, in our first four years, has been the completion of the first phase of the Lagos Light Rail Blue Line – the first modern intra-city rail system in Lagos State.’’