SANWO-OLU REITERATES HIS COMMITMENT TO NEW INVESTMENTS, SAYS LAGOS IS READY FOR BUSINESS
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The governor of Lagos State, Mr. Babajide Sanwo-Olu, reaffirmed on Monday his administration’s welcome to new investments from both domestic and foreign businesses, stating that Lagos is open for business.
The governor made his remarks at Lagos House in Ikeja during a courtesy call by the Daewoo Engineering and Construction Nigeria Limited management, which was led by Mr. Jung Won Ju, the company’s group chairman.
Investors were reassured by Governor Sanwo-Olu that his government would foster an atmosphere that encourages investments and company expansion in the state. He declared that the Lagos State Government is prepared and eager to collaborate in the automotive, real estate, and technology sectors with Daewoo Engineering and Construction Nigeria Limited.
He said: “The relationship between South Korea and Nigeria dates back several decades and we all know how the Daewoo Industry is worldwide. We are aware of your strength and capacity. Lagos is ready for business and it is open for new investments. I know Daewoo Nigeria has been here for a while but this is an opportunity for you to take that relationship to another level.
“So, on this your visit, don’t let it just be a visit to show; let it be a visit of commitment and real partnership. Let it be a visit where there will be real transactions on the table that both of us can take away.
“We are here to create the enabling environment for investments and businesses to grow. So, whatever you need from our side for your investments within our means, you can be rest assured that we are willing to do it for as long as we see a mutually beneficial relationship.
“Our city is open. We are ready and willing to create that partnership with you in automobile, real estate and technology because we have a very strong and capable youth population that is dynamic. They are very professional and they are ready to work.”
Speaking earlier, Mr. Jung Won Ju stated that his company would be making infrastructure and real estate investments in Nigeria, with Lagos being the country’s economic hub and hence one of the main investment regions.
Speaking as well, Mr. Adekunle Ilesanmi, General Manager, Contract and Business Development at Daewoo Engineering and Construction Nigeria Limited, praised Lagos State for welcoming a large number of investments and creating an atmosphere that encourages returns on those investments.
He said: “We are going to be investing in housing, real estate and infrastructure. Daewoo has over 40 years of commitment in Nigeria. We are trying to increase our investments in the country and Lagos has been identified as one of the major investment areas because Lagos is the economic capital of Nigeria.
“The chairman is willing and has assured Mr. Governor that we will make that commitment in a short time, especially in the real estate and housing.
“It is very commendable to see Lagos State accommodating a lot of investments and giving an enabling environment to all the investors coming in and ensuring that there is a return on investments. That makes Lagos attractive because when you invest here, you are sure of a return on your investment. The government is going to support you to be able to have a return on your investment.”
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