By Olakunle Oke
Lagos State Governor, Mr. Babajide Sanwo-Olu, has reaffirmed his administration’s readiness to partner with local and international investors, declaring Lagos open for business as he unveiled ambitious plans to position the state as a leading financial and logistics hub in Africa.
Speaking on Monday at the Nigeria UAE Investment Forum, Investopia Global Africa, held at Eko Hotels and Suites, Victoria Island, the governor assured investors of a secure business environment and sustained infrastructure development, stressing that Lagos remains committed to removing bureaucratic bottlenecks to attract capital.
Sanwo-Olu highlighted major investments already delivered under his administration, including road networks, ports, and logistics facilities, noting that Lagos has invested in the Lekki Deep Sea Port and is advancing plans for the Badagry Port. He also revealed plans for another international airport and the development of Africa’s largest logistics hub to support agribusiness and trade.
“Lagos is positioning itself at the centre of Nigeria’s investment conversation,” the governor said, adding that his government is working closely with the Federal Government to ensure that investors enjoy seamless operations. He assured that security across the state remains stable and that policies are being streamlined to allow businesses thrive independently.
The governor further disclosed progress on the Lagos International Financial Centre (LIFC), a joint initiative between the Lagos State Government and EnterpriseNGR, aimed at transforming Lagos into a global financial destination. According to him, the project, which began in 2023, is expected to be unveiled within the next year and has already attracted strong international interest.
Describing the LIFC as a national project with global outlook, Sanwo-Olu said the centre would unlock massive investment opportunities, create jobs and strengthen Nigeria’s competitiveness in the global market, adding that Lagos is designing an African financial model capable of standing alongside the world’s leading cities.
He concluded by calling on investors to seize emerging opportunities in Lagos, assuring that the state is building a resilient, business-friendly ecosystem driven by partnerships, innovation and long-term economic growth.