COMMONWEALTH SUMMIT: SANWO-OLU POSITIONS LAGOS AS PRIME INVESTMENT HUB
Read Time:1 Minute, 41 Second
By: Balogun Ibrahim
Babajide Sanwo-Olu has urged Commonwealth countries to direct more investment toward Africa—especially Lagos—while presenting the state as a leading hub for global capital.
The appeal was contained in a statement issued on Monday by his Special Adviser on Media and Publicity, Gbenga Akosile.
Speaking as keynote speaker at the Commonwealth Trade and Investment Summit held at Mansion House, Babajide Sanwo-Olu told representatives from the 56-member bloc that Lagos offers not only opportunities but also enduring partnerships.
He emphasized that the Commonwealth’s true strength lies in its people, noting that Africa best exemplifies this advantage. According to him, for the bloc to remain relevant as a driver of global trade and investment, Africa must move to the forefront of its agenda—with Lagos playing a central role.
Highlighting demographic trends, the governor pointed out that Africa has the world’s youngest population and is projected to account for a significant share of the global population by 2050. He also noted that the Commonwealth’s 2.7 billion people provide a strong foundation for trade built on shared values.
Sanwo-Olu added that Lagos is actively positioning itself to attract investors through major infrastructure and policy reforms, including upgrades to its ports, airports, rail systems, and technology networks.
Describing Lagos as Nigeria’s economic powerhouse, he said the state contributes about a third of the country’s GDP and would rank among the top five economies in sub-Saharan Africa if it stood alone.
He further highlighted his administration’s THEMES+ agenda, which focuses on key sectors such as transportation, healthcare, education, security, social inclusion, and youth development, noting that it serves as a framework for sustainable growth and investment.
The governor also announced that Lagos will host the “Invest in Lagos 3.0” summit on June 8 and 9 at Eko Hotels and Suites, in collaboration with the Commonwealth Enterprise and Investment Council, describing the event as a platform for connecting investors with viable business opportunities.
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
0
0