- Invest in Lagos, Sanwo-Olu Tells Commonwealth at London Summit
- Says Commonwealth Must See Africa as Partner, Not Market
- The governor noted that Lagos contributes about one-third of Nigeria’s GDP and would rank among the top five economies in sub-Saharan Africa if it were a standalone country
Babajide Sanwo-Olu has called on member states of the Commonwealth of Nations to channel more investments into Africa, particularly Lagos, assuring global investors of strong partnerships and viable opportunities, Eko Hot Blog reports.
Speaking at the Commonwealth Trade and Investment Summit held at Mansion House in London, the governor said Lagos is not just seeking capital but meaningful collaboration that delivers long-term value.
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Sanwo-Olu emphasised that the strength of the Commonwealth lies in its people, noting that Africa, home to the world’s youngest population must be central to its future economic strategy.
He added that by 2050, one in four people globally will be African, making the continent critical to global growth.
According to him, Lagos is positioning itself as a major investment destination through deliberate infrastructure development, including ports, airports, rail systems, and technology ecosystems designed to attract and sustain global capital.
He also highlighted the importance of frameworks like the African Continental Free Trade Area (AfCFTA), describing it as a game-changer capable of creating the world’s largest single market.
“Lagos is ready for business,” he said, stressing that the state offers not just a market but trusted partnerships backed by policy reforms and investor-friendly initiatives.
The governor noted that Lagos contributes about one-third of Nigeria’s GDP and would rank among the top five economies in sub-Saharan Africa if it were a standalone country.
He further outlined key achievements under his administration, including the operational Blue and Red rail lines, ongoing infrastructure projects, and digital reforms in revenue and land administration.
Sanwo-Olu also announced that the state will host the Invest in Lagos 3.0 summit, describing it as a platform to connect investors with real, bankable opportunities across sectors.
He reiterated that Lagos’ development blueprint, encapsulated in the THEMES+ agenda, is designed to drive inclusive growth, economic expansion, and sustainable development while keeping the state open to global partnerships.
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