Governor of Lagos State, Babajide Sanwo-Olu, has said, his administration is committed to continuously create an enabling environment for both local and foreign businesses to succeed in the State.
 |
| Governor of Lagos State, Babajide Sanwo-Olu, at the Lagos Chamber of Commerce and Industry International Business Conference, Expo 2024, themed ‘Invest Nigeria’ held at the Eko Hotels and Suites, Victoria Island, Lagos. Photo: @followlasg |
He made the assurance at the Lagos Chamber of Commerce and Industry International Business Conference, Expo 2024, themed ‘Invest Nigeria’ held at the Eko Hotels and Suites, Victoria Island, Lagos.
Governor Sanwo-Olu said: “Lagos, Africa’s economic hub, offers a conducive business environment, a strategic location, a vast market, and a pool of energetic talent. Our administration has implemented and continues to implement policies and initiatives to attract investments, create opportunities, and drive growth.
“One key area of focus for us is infrastructure development: upgrading and expanding our transportation and logistics networks, telecommunications, healthcare, education, and digital ecosystem infrastructure. We are well aware that the kind of growth that we seek to unleash will not happen without a solid foundation of infrastructure that is able to keep ahead of our rapidly growing population.
“As one of Africa’s startup capitals, we are especially keen to invest in digital infrastructure to power the innovative ideas of our people. Agriculture and food security are also priorities, in line with a national focus on these areas.
“Lagos may be the State with the smallest landmass in Nigeria, but I can boldly say that our land disadvantage is more than offset by the boldness with which we are embracing the boundless opportunities in processing, value-addition and logistics.
“This is why we are building Africa’s largest food logistics hub, here in Lagos. When completed, it will be able to hold enough food to supply Lagos for 90 days in the event of shortages and serve millions of farmers, traders, and other players in the agricultural value chain.
“We are developing our tourism and entertainment sector with various investments in hospitality, leisure, and cultural infrastructure to showcase the best of Lagos and Nigeria. From the John Randle Centre for Yoruba Culture and History to the revamped National Theatre to a 10,000-seater purpose-built entertainment arena that saw a groundbreaking earlier this year. Lagos is asserting itself as Africa’s true cultural capital, building on the global acclaim that comes with being the hub and source of Afrobeats and Nollywood.”
