October 2, 2022
Uncategorized

‘Lagos attracts 80% of investment coming to Nigeria’ – The Punch

  • November 22, 2021
  • 2 min read
‘Lagos attracts 80% of investment coming to Nigeria’ – The Punch

Punch Newspapers
punchng.com © 1971-2020 The Punch newspaper
Lagos State Governor Babajide Sanwo-OLu
The Lagos State Governor, Babajide Sanwo-Olu, has said about 80 per cent of investment into Nigeria comes into the state.
Sanwo-Olu said this while delivering a speech at the third Lagos investors’ roundtable organised by the Office of SDGs and Investment in Lagos on Thursday.
During the event, the governor launched a book titled ‘Lagos Deal Book’, a compendium of investment opportunities across the state as well as information about the incentives for making the investments and the processes for doing so.
He said, “It is such strategic partnerships that account for Lagos being by far the leading recipient of local and foreign direct investment in Nigeria.

“It is estimated that in the last few years, about 80 per cent of the investment into Nigeria has come into Lagos. These investments remain vital to our economic growth and wellbeing, supporting tens of thousands of jobs and livelihoods across the city.”
He said this was the reason why such a forum was an important platform for harmonising respective visions and targets, and agreeing key actions that would not only strengthen existing investment partnerships but also initiate new ones.

He said, “As a low-lying aquatic city with over 22 million citizens, confined to the smallest land mass in Nigeria, Lagos is especially vulnerable to all the challenges of a sprawling, densely populated, climate-challenged, fast-growing megacity.


(adsbygoogle = window.adsbygoogle || []).push({});

“Our Infrastructure needs alone – in the face of our rising population and limited geography – exceed $15bn annually – five times the annual state budget.”
The Special Adviser on Sustainable Development Goals and Investment, Mrs Solape Hammond, said, “It is an incontrovertible fact that Lagos derived its age-long excellence partly from the worthy contribution of private investment to its socio-economic development. Hence, the commitment towards creating a conducive atmosphere for private businesses to strive.”
Copyright PUNCH.
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
Contact: [email protected]

punchng.com © 1971-2021 The Punch Newspaper
By submitting you agree to our privacy policy

source

About Author

redex

Red ExplorerNG is an online platform showcasing the richness of African culture. It provides online information that is not only limited to the following categories: Culture, Lifestyle, Entertainment, Business, Sports, Books, News, and Opinions.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.