Lagos best place to do business, Sanwo-Olu tells investors

Photo shows L-R: Special Adviser to Lagos State Governor on Economic Planning and Budget, Aare Adebayo Sodade; Head of Regional Agenda, Africa, World Economic Forum (WEF), Mr Chido Munyati; representing the Governor, Commissioner for Economic Planning and Budget, Mr Sam Egube; Community Lead, Regional Agenda, WEF, Mrs Abir Ibrahim; Commissioner for Finance, Dr Rabiu Olowo; Special Adviser to the Governor on Works and Infrastructure, Engr (Mrs) Aramide Adeyoye, during the visit 

Lagos State Governor, Mr. Babajide Sanwo-Olu, on Friday, said the State is always open to partnership and therefore advised investors to take advantage of the market that Lagos represents.

He said Lagos State is the best place to do business, noting that his administration, having attracted a lot of significant investments into the State, will continue to make Lagos attractive for investors.

Governor Sanwo-Olu spoke on Friday, May 5, 2023, at Alausa, Ikeja, during a courtesy visit by the African Delegation from World Economic Forum (WEF). The delegation was represented by the Head of Regional Agenda Africa of WEF, Chido Munyati and the Community Lead, African Regional Agenda, Mrs. Abir Ibrahim.

Sanwo-Olu was represented by the Commissioner for Economic Planning and Budget, Mr. Sam Egube, and said Lagos understands its role, not only for development but as a national asset. 

He said: "To lift Lagos requires a combination of partnerships. The responsibility to lift Lagos and Nigeria requires a significant amount of partnerships. So, we welcome the partnership you offer from the World Economic Forum.

"In our 30 years development plan in Lagos, we prioritise sectors that we want to focus on and we want people to participate wherever they are and take advantage of the market that Lagos represents. 

"We need a lot of partners that can invest in good projects. Lagos is an investment destination. We have attracted a lot of significant investments into Lagos."

Also at the event, the Commissioner for Finance, Dr. Rabiu Olowo, commended the delegation for seeking a partnership with the Lagos State Government.

He said: "We thank the World Economic Forum for the invite to share this opportunity with us and I want to confirm to you that you are in the right place. The way we do things in Lagos is structured around partnership. Make no mistake in terms of where to situate your office in Nigeria, it has to be Lagos; this is where business, growth and economic development are."

Also speaking, the Special Adviser to Governor Sanwo-Olu on Works and Infrastructure, Engr. Aramide Adeyoye, said Lagos is in dire need of partnerships from the private sector because the government cannot do it all. 

Speaking earlier, the Head of Regional Agenda Africa of World Economic Forum, Chido Munyati, said they are offering partnerships with Lagos State Government in urban regeneration, housing, transport, and mobilising capital for investments in Lagos. 

He also expressed the World Economic Forum's request to set up its sub-Saharan center in Lagos since Lagos is the tech center in Africa.
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