Sanwo-Olu Calls On Investors To Explore Lagos’ Growing Market Opportunities

Babajide Olusola Sanwo-Olu, Lagos state Governor has affirmed that the State is open for business while calling on investors and partners across the world to seize the tremendous opportunities available in Nigeria’s largest market.

Sanwo-Olu who was represented by Dr. Kadri Obafemi Hamzat his Deputy dropped this hint on Friday at the opening ceremony of the Lagos International Trade Fair 2024 with the theme “Connecting Businesses, Creating Value,” held at the Banquet Hall, Tafawa Balewa Square, Lagos,

He said from real estate and energy to finance, agriculture, and technology, Lagos offers immense investment opportunities.

“I encourage both local and foreign investors to tap into these prospects, as Lagos is not just a gateway to Nigeria but a strategic access point to the economy of the African continent,” he said.

While noting the importance of the theme, which resonates deeply with the collective vision for Lagos, Sanwo-Olu said that the mission of the state government is to position Lagos as a regional hub and a thriving global marketplace – one that harnesses the energy, resilience, and ingenuity of its people to drive forward economic prosperity and sustainable development.

He noted that his administration in recent years, in its commitment to creating a business-friendly ecosystem for all businesses, has embarked on ambitious projects aimed at improving infrastructure, transportation systems, and digital connectivity; ranging from expanding the road networks to introducing rapid urban transit solutions and supporting renewable energy initiatives.

Speaking further, the Governor reaffirmed the commitment of the state government to promoting green business practices and renewable energy in the state, stressing that his administration has prioritized initiatives that reduce the state’s carbon footprint, conserve its environment, and embrace renewable resources.

According to him “As we work toward building a sustainable future, Lagos is even more committed to promoting green business practices and renewable energy. As part of our goals, we have prioritized initiatives that reduce our carbon footprint, conserve our environment, and embrace renewable resources.”

Sanwo-Olu thereby called on all businesses and stakeholders in the country and outside the country to align with the values it created, noting that the government will work together with them toward a more sustainable Lagos for generations to come.

Gabriel Idahosa, the President, Lagos Chamber of Commerce and Industry (LCCI) in his welcome address, said that the Lagos International Trade Fair stands as a beacon of opportunity, offering enterprises the platform to showcase resilience-driven solutions, explore synergies, and drive sustainable growth in Nigeria and the wider region.

He disclosed that this year’s Trade Fair holds special importance as Nigeria navigates an era of economic adjustment marked by challenges and opportunities.

Idahosa noted that from the disrupting pressures of inflation rates to a volatile foreign exchange market, the economy has faced complex policy options that have pushed businesses across all sectors to build resilience, innovate, and build collaborative networks for survival.

To cushion the current economic condition, according to him, the 2024 Lagos International Trade will offer free entry to all visitors across the 10 days of the event.

“We have taken substantial measures to ensure that all attendees, exhibitors, and visitors alike enjoy a safe, welcoming, and vibrant atmosphere. Security arrangements have been reinforced to guarantee a smooth experience, allowing guests to engage freely in the event and explore the vast array of exhibitions, product showcases, and cultural displays on offer,” he said.

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