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President Bola Tinubu has projected Lagos as a leading destination for business, innovation and economic growth on the Africa continent.
The President described Lagos as the gateway to Africa’s economic future and a strategic hub for global investments and trade opportunities.
President Tinubu spoke on Monday at the opening ceremony of the third edition of Invest Lagos, tagged ‘Invest Lagos 3.0’ held at Eko Hotels and Suites, Victoria Island, Lagos.
The event themed “Lagos: Business Gateway to Africa, Powering Africa’s Next Era of Trade, Talent and Global Economic Leadership,” was organised by Lagos State Government in conjunction with the Commonwealth Enterprise and Investment Council.
President Tinubu, who was represented by Vice President Kashim Shettima, said Lagos has maintained its position as Africa’s commercial nerve centre through deliberate policies, strong institutions and a business-friendly environment that continues to attract multinational corporations and foreign investments.
He said Nigeria possesses the demographic strength, entrepreneurial talent and economic potential to rank among the world’s largest economies by 2050, if the country continues to invest in innovation, leadership and infrastructure.
President Tinubu also reaffirmed the Federal Government’s commitment to collaborating with states and the private sector to improve infrastructure, expand trade opportunities and strengthen the ease of doing business across the country.
In his Opening Address, the Governor of Lagos State, Mr. Babajide Sanwo-Olu, said his administration had consistently implemented policies designed to encourage investment, support startups and create an enabling environment for businesses to flourish.
He said Lagos remains committed to building a resilient economy capable of attracting local and international investors while creating jobs and opportunities for residents.
Governor Sanwo-Olu therefore called for increased private sector investment across key infrastructure sectors, including rail transport, energy, agriculture, and agro-processing.
He said Lagos State is opening up major opportunities to bridge its infrastructure gap and unlock economic growth, noting that Lagos State has significant untapped potential, particularly in transportation and utilities, adding that solving mobility challenges would have far-reaching economic benefits.
The Governor stressed that Lagos’ long-term growth depends heavily on efficient mobility systems, particularly rail and waterways.
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