Sanwo-Olu Encourages Multinationals in the U.S. and Africa to Invest in Lagos

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Lagos Governor, Babajide Sanwo-Olu, has reiterated his administration’s unwavering commitment to providing a conducive environment for investors, particularly multinationals from the United States and Africa, to invest in the State.

During a courtesy visit by the Corporate Council on Africa led by its President/CEO, Ms. Florie Liser, at the Lagos House, Marina, on Saturday, Governor Sanwo-Olu emphasized that Lagos is open and ready for investments. He urged foreign and local investors to consider the State as an attractive destination for investment, assuring them that his administration is committed to creating a favorable environment for business to thrive.

Governor Sanwo-Olu highlighted the significance of Lagos in driving economic growth, stating, “The world is moving fast, and Africa is where that movement can happen. For us in Lagos, we are ready and our government is open.” He emphasized the government’s dedication to making the city livable, resilient, and competitive on a global scale.

Expressing his administration’s achievements in line with the THEMES+ developmental agenda, Governor Sanwo-Olu noted interventions in critical areas such as public transportation, health, education, technology, and entertainment. He particularly highlighted the forthcoming inauguration of the Red Line rail project, which is set to carry hundreds of thousands of Lagosians across the city, making Lagos more livable for its residents.

Ms. Liser commended Governor Sanwo-Olu’s administration for its achievements, especially the Red Line project, and expressed the readiness of the Corporate Council on Africa to partner with the Lagos State Government in various sectors such as energy, power, infrastructure, agro-business, technology, trade, and finance.

She invited Governor Sanwo-Olu to the CCA Africa business summit in Dallas, Texas, scheduled for May 6-9, where he would have the opportunity to address the summit on his accomplishments as the Governor of Lagos State. The summit aims to foster collaboration and explore investment opportunities between the United States and African multinationals.

In conclusion, the visit underscored the mutual interest in strengthening partnerships between Lagos State and international business communities to drive economic growth and development in the region.