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Lagos Positions Itself as Africa’s Economic Hub
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State Guarantees Friendly Business Environment for Investments
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Showcases Infrastructure Projects to Attract Foreign Capital
Eko Hot Blog reports that at the ongoing 2024 US-Africa Business Summit in Dallas, Texas, the Lagos State Government has extended an invitation to foreign investors, particularly those interested in Nigeria.
Touting Lagos as the best destination for investments, the state has expressed its readiness to partner with any investor, assuring a conducive and friendly business environment for predictable returns.
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During the panel session on African Infrastructure Investment: Impacts and Returns, Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs. Folashade Ambrose-Medebem, and her Innovation, Science and Technology counterpart, Mr. Tunbosun Alake, showcased the state’s potential and infrastructure projects.
“Lagos has a huge population over 25 million people, stressing that more than 60 percent of the population is youth,” Ambrose-Medebem stated.
Furthermore, she highlighted the state’s investment in critical infrastructure, including the Blue and Red rail lines, water, health, and housing projects.
“The Lagos State Government has provided a lot of infrastructure for businesses to thrive in the State,” she added.
Alake emphasized the state’s attractiveness for investments, citing the influx of $3 billion worth of investment and a thriving start-up ecosystem over the past three and a half years.
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Several delegates expressed their readiness to partner with the Lagos State Government, recognizing the mutual benefits of such collaborations.
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