Invest Lagos 3.0 Ends With Fresh Push for Jobs, Partnerships and Economic Growth

Invest Lagos 3.0 Ends With Fresh Push for Jobs, Partnerships and Economic Growth
Sanwo-Olu Woos Global Investors With Infrastructure, Tourism Projects
Positions Itself as Africa’s Premier Destination for Business and Innovation

Lagos State has reinforced its ambition to become Africa’s leading destination for investment, innovation and enterprise, unveiling fresh opportunities across infrastructure, tourism, the creative economy and financial services at the Invest Lagos 3.0 Summit.

Contents

EDITOR’S PICK
FURTHER READING

Eko Hot Blog reports that at the closing session of the two-day summit held at Eko Hotels and Suites, Victoria Island, Governor Babajide Sanwo-Olu said the true success of the event would be measured by the investments, partnerships and projects that emerge from discussions held during the gathering.

EDITOR’S PICK

According to the governor, agreements signed at the summit represent practical commitments capable of attracting investments, creating jobs and accelerating economic growth across the state.

Invest Lagos 3.0 Ends With Fresh Push for Jobs, Partnerships and Economic Growth

“The answer to whether Lagos is Africa’s business gateway is no longer theoretical. It is reflected in the partnerships forged, commitments secured and confidence demonstrated by investors over the past two days,” Sanwo-Olu said.

He noted that Lagos continues to strengthen its position as a strategic gateway linking Nigeria to Africa and the global market through sustained investments in transportation, logistics, energy and digital infrastructure.

The governor highlighted key projects including the Lagos Rail Mass Transit system, the Lekki Deep Sea Port, ongoing road expansion initiatives and energy investments as critical drivers of long-term economic competitiveness.

Sanwo-Olu also emphasised Lagos’ strategic advantage under the African Continental Free Trade Area (AfCFTA), describing the state as well-positioned to tap into a continental market of more than 1.4 billion people.

He further reaffirmed plans to establish the Lagos International Financial Centre (LIFC), which he said would strengthen Lagos’ position as a major global hub for finance, trade and investment.

Earlier, Deputy Governor Dr. Obafemi Hamzat attributed Lagos’ attractiveness to investors to policy continuity, institutional stability and long-term planning.

According to him, the state has built a sustainable governance model that provides certainty for investors beyond political transitions.

“No city can fund all its infrastructure needs alone. We require local and international investors, but attracting that investment depends on maintaining stable processes and predictable policies,” Hamzat said.

He added that Lagos’ economic success is closely linked to the development of other states and the broader progress of Nigeria.

Also speaking at the summit, Commissioner for Tourism, Arts and Culture, Mrs. Toke Benson-Awoyinka, unveiled a wide range of investment opportunities in tourism, hospitality, entertainment, culture and the creative economy.

She described the sectors as major drivers of economic growth capable of generating employment, attracting foreign direct investment and supporting urban development.

Benson-Awoyinka disclosed that Lagos is positioning itself to maximise the potential of its coastline through destination resorts, eco-tourism projects, waterfront infrastructure, marina developments and hospitality investments.

She cited the successful hosting of Africa’s first E1 Electric Boat Race and ongoing waterfront projects as evidence of the commercial potential within the state’s coastal economy.

The commissioner also revealed plans to revitalise key heritage and tourism assets, including the Black Heritage Museum, the John Randle Centre for Yoruba Culture and History and the historic Point of No Return in Badagry.

She added that the government is investing in tourism transportation systems, hospitality infrastructure, workforce development and the proposed Lagos Film City project aimed at strengthening the state’s position as Africa’s entertainment and cultural capital.

In his closing remarks, Deputy Chief of Staff to the Governor, Sam Egube, said the summit was designed to connect investors, policymakers, innovators and development partners from around the world.

He noted that Lagos’ emergence as a centre for investment, technology and innovation was the result of deliberate planning and sustained reforms by successive administrations.

Egube stressed that the conversations and agreements reached during the summit must now translate into concrete investments, stronger partnerships and sustainable economic growth.

Stakeholders at the summit expressed optimism that the engagements and investment opportunities showcased during Invest Lagos 3.0 would further accelerate Lagos’ journey toward becoming Africa’s preferred destination for business, tourism, innovation and enterprise.