Sanwo-Olu Promotes Lagos as Africa's Investment Hub

Governor Babajide Sanwo-Olu is actively promoting Lagos as Africa's leading destination for investment during the Ahead Invest Lagos 3.0 Summit held at Eko Hotel from June 8-10. The state aims to attract approximately $4 trillion in fresh investments across sectors such as infrastructure, technology, housing, agriculture, and transport over the next decade.

Lagos occupies a unique position as Nigeria's commercial nerve center, contributing 30% to the nation's GDP and accounting for 90% of its foreign trade flow. Sanwo-Olu emphasized that Lagos generates 70% of its revenue internally, reducing dependence on federal allocations.

The state is projected to generate over ₦1 trillion in internal revenue by 2025, becoming the first Nigerian state to cross this threshold. The governor highlighted Lagos's potential as Africa's second-largest economy, with a GDP of $259 billion.

Key projects include the Lekki Deep Sea Port and Lekki Free Zone, which are central to the state's industrial strategy, aimed at attracting investments in various sectors.