Lagos attracts 43 billion Dollars investments in three years

The Lagos state government has received over 43 billion dollars’ worth investment proposals within the three years of Mr. Akinwunmi Ambode’s administration.

The Special Adviser to the Governor on Overseas Affairs and Investment, Prof. Ademola Abass gave the figure during the Ministerial Briefing organised to mark the 3rd year in office of the Governor of Lagos State, Mr Akinwunmi Ambode.

Abass said that since the conception of the office of Overseas Affairs, otherwise known as Lagos Global, investor’s confidence have been inspired to believe in Lagos as a place to conduct business and live in.

Lagos State as an emerging market is becoming the financial and a preferred investment destination in Africa.

The advocacy to arouse investor’s confidence and interest has translated to considerable success that we now experience by all the infrastructural renewal and development that are evident for all to testify Abass said

The Commissioner explained that in the last three years, Lagos State has succeeded in bringing to close some salient investment while it continued the process of creating new ones.

Investment Opportunities

He maintained that investors have shown interest in tapping into the investment opportunities in Lagos because of the government’s vigorous pursuit of measures geared towards enhancing the ease of doing business.

Abass noted that the State was poised towards achieving greater feats in making the State as an advanced platform for investment and a preferred investment destination globally.

In furtherance of its desire to continue to strategically position the state as a leader in investment promotion in Nigeria, Lagos Global continues to prospect for and pioneer methods for advancing the overall vision of the state to be the preferred investment destination globally.

This is achieved by projecting and effectively communicate the investment opportunities that abound in the state to the world. Commissioner said.

Assisted many Businesses

The Commissioner explained that the Office has during the year under review assisted many businesses to establish with Lagos State government and resolved issues relating to taxes, environment, local government and land ownership rights.

The office of the Overseas Affairs and Investment was created to identify and promote genuine and specific domestic and foreign direct investment into Lagos state, promote Inter-ECOWAS Commerce, promotion of Exports, investment promotion among others.

Source: Voice of Nigeria