Eko Hot Blog reports that Governor Babajide Sanwo-Olu has extended an invitation to investors, emphasizing that Lagos State provides highly lucrative opportunities for investments.
- Kano Hisbah Arrests 52 Keke Riders Over Alleged Immoral Haircuts And Unlawful Activities
- Femi Otedola Expresses Joy As He Makes Forbes’ Africa Billionaires List After Seven Years
- Naval Chief Faces Allegations Of N8 Billion Fraud And Oil Theft – Coalition Urges Probe
He highlighted the significance of Lagos as the base for a majority of European companies, contributing significantly to Nigeria’s economic prosperity.
The Governor made these remarks at the stakeholders’ conference organized by the European Business Chamber Nigeria (Eurocham) in Lagos, themed: Sustainable Business Growth 2024.
Represented by Mrs. Folashade Ambrose-Medebem, the Commissioner for Commerce, Cooperatives, Trade & Investment, Sanwo-Olu stressed the need for collaborative efforts to tap into economic potentials amid evolving global dynamics.
In his words, “The unfolding events in Europe as we speak have brought to the fore the need for realignment of economic and trade ties, especially with Africa, of which Nigeria stands out as the largest economy.”
Sanwo-Olu expressed the commitment of his administration to position Lagos as the most attractive destination for investment in Africa.
He highlighted ongoing efforts to implement policies fostering the ease of doing business and creating a conducive environment for businesses to thrive.
The Governor cited the launch of the Land Administration e-GIS portal as a testament to the state’s alignment with modern cities, aiming to enhance land documentation and acquisition systems for transparency and accountability.
“Lagos is open for business, and we are committed to addressing challenges hindering the growth and smooth operations of businesses in the State,” he added.
Sanwo-Olu pointed out key areas for investment opportunities in Lagos, including tourism, agriculture, real estate, healthcare, technology, and transportation.
The European Union (EU) Ambassador to Nigeria and ECOWAS, Mrs. Samuela Isopi, acknowledged the EU’s significant presence in Nigeria, with four out of 10 European companies conducting business in the country.
She commended the resilience of European businesses, which provide approximately 160,000 direct and indirect jobs.
Expressing commitment to collaborative initiatives, Isopi mentioned the EU’s involvement in the Lagos-Abidjan Green Transport Project, demonstrating strategic support for Lagos and Nigeria’s development.
Ayodele Subair, Chairman of the Lagos Internal Revenue Service (LIRS), affirmed the State’s dedication to improving tax administration processes through technology deployment.
He emphasized the importance of transparency, quality customer services, and continuous engagement with stakeholders for mutually beneficial relationships.
FUTHER READING:
- Kano Hisbah Arrests 52 Keke Riders Over Alleged Immoral Haircuts And Unlawful Activities
- Grand Return: NRC Set To Relaunch Lagos-Kano Express Train Service
- Opinion!!! Sanwo-Olu And The Pursuit Of A Social Market Economy (2)
The stakeholders’ conference served as a platform to reinforce Lagos State’s commitment to sustainable economic growth and attract investments from European businesses.
Click to watch our video of the week
Discover more from EkoHotBlog
Subscribe to get the latest posts to your email.
Advertise or Publish a Story on EkoHot Blog:
Kindly contact us at [email protected]. Breaking stories should be sent to the above email and substantiated with pictorial evidence.
Citizen journalists will receive a token as data incentive.
Call or Whatsapp: 0803 561 7233, 0703 414 5611