Lagos: Gov. Babajide Sanwo-Olu of Lagos State has pledged to collaborate with investors, multinationals, agencies, foundations, and innovation hubs to build a globally respected 21st-century economy. Sanwo-Olu, represented by his deputy, Dr. Obafemi Hamzat, made this known at the second edition of the Lagos Investment Summit.
According to News Agency of Nigeria, the three-day summit carries the theme: ‘Scaling Action: Bold Solutions Towards Making Lagos a 21st Century Economy’. The governor unveiled the state’s 30-year growth agenda and a deal book containing de-risked, investment-ready projects in key economic sectors. He outlined a strategic blueprint based on infrastructure growth, energy independence, human capital, economic diversification, and governance reforms.
Sanwo-Olu emphasized the dynamic nature of Lagos today and the strategic governance required for the Lagos of 2052. With a population exceeding 25 million, Lagos stands as Nigeria’s economic heartbeat and a vital launchpad for West Africa’s innovation. The state’s reforms aim to position Lagos as Africa’s most investor-friendly destination through consistent policy initiatives. The Lagos State Investment Promotion Agency (LIPA) has been strengthened to serve as a one-stop investment and post-investment support hub.
Efforts to ease investor engagement include digital tools, land reforms, tax simplification, and PPP frameworks, creating a smooth interface between the government and potential investors. Sanwo-Olu introduced the Lagos Investment Deal Book, which features vetted, de-risked projects ready for investment across diverse sectors. Each project is commercially viable, aligned with policy priorities, and ready for implementation.
NAN reports that the summit will host deal rooms to connect project owners, financiers, development institutions, and government agencies. Sanwo-Olu declared Lagos open for business, stating they are building the future with resolve, clarity, and courage.
Mrs. Folashade Ambrose, Commissioner for Commerce, Cooperatives, Trade and Investment, urged global investors to participate in Lagos’ transformation. She emphasized the summit’s shift from concepts to action and from isolated deals to systemic investment alignment. Lagos is described as Africa’s commercial heartbeat and a top destination for industrial and economic innovation.
Ambrose highlighted that every reform in the state aligns with pillars promoting scale, quality, inclusion, and sustainability. She affirmed that the summit is a crucial step towards achieving the ambitious Lagos 2052 vision. She also highlighted tax harmonization, land digitization, and business-friendly reforms as evidence of Lagos’ pro-investor, agile governance approach. The commissioner reiterated her ministry’s readiness to support investors throughout their journey in Lagos, with LIPA ensuring aftercare services, regulatory support, and streamlined navigation of the state’s investment landscape.
