Lagos, Nigeria – In a bid to attract foreign investment and bolster economic growth, Babajide Sanwo-Olu, the Governor of Lagos State, has reiterated his administration’s commitment to creating a conducive environment for businesses, with a particular focus on multinational corporations from the United States and Africa.
Governor Sanwo-Olu made these remarks during a courtesy visit by the Corporate Council on Africa, headed by its President/CEO, Florie Liser, at the Lagos House, Marina. In a statement released on the Lagos State website this Saturday, the Governor emphasized the state’s readiness to embrace investments and encouraged both local and international investors to explore the myriad opportunities available in Lagos.
“We have a city to run, a massive subnational that’s bigger than some other African countries. We are striving to make the city livable, resilient and equally competitive with other cities in the world,” stated Governor Sanwo-Olu, underlining his government’s commitment to fostering economic growth.
The Governor expressed confidence in Lagos’ potential as an investment hub and assured stakeholders of his administration’s readiness to implement necessary measures to ensure a favorable business climate.
Highlighting key initiatives aligned with Lagos’ development agenda, Governor Sanwo-Olu cited advancements in public transport, healthcare, education, technology, and entertainment. He particularly lauded the upcoming inauguration of the Red Line rail project, which is poised to significantly improve public transit and enhance the overall quality of life in Lagos.
In response, Florie Liser, representing the Corporate Council on Africa, commended Governor Sanwo-Olu’s leadership and expressed the council’s eagerness to collaborate across various sectors, including energy, infrastructure, agriculture, technology, trade, and finance. She extended an invitation to Governor Sanwo-Olu to speak at the upcoming CCA Africa business summit in Dallas, Texas, offering him a platform to showcase Lagos State’s investment potential.
The meeting underscored the mutual interest in fostering partnerships between Lagos State and multinational corporations, with a shared goal of driving economic growth and development in the region. Governor Sanwo-Olu’s proactive approach to attracting investment signals a promising future for Lagos as a thriving business destination on the African continent.
Credit: Nairametrics
