Governor Sanwo-Olu Urges UK Investors to Choose Lagos for Investments
Lagos State Governor, Babajide Sanwo-Olu, has extended a warm invitation to foreign investors, particularly the business community in the United Kingdom, encouraging them to consider Lagos as their preferred destination for investments.
During a courtesy visit by the United Kingdom Secretary of State for Business and Trade, Kemi Badenoch, at Lagos House, Marina, Governor Sanwo-Olu emphasized his administration’s commitment to fostering a conducive business environment to attract investments.
Highlighting the significance of increased trading activities for Nigeria’s economic growth, Governor Sanwo-Olu stressed the importance of promoting local consumption and production to reduce dependency on foreign currency.
He stated, “We will continue to make the environment investment and business-friendly. We will continue to make Lagos a destination of choice.” Governor Sanwo-Olu emphasized the pivotal role of Lagos as a hub for investment in West Africa and sub-Saharan Africa, expressing optimism about the opportunities available for UK investors.
In response, Badenoch expressed enthusiasm among UK businesses for investing in Nigeria, with a particular focus on Lagos. She reaffirmed the United Kingdom’s commitment to collaborating with Nigeria to overcome trade barriers and facilitate smoother business transactions between the two countries.
Badenoch highlighted the importance of bilateral trade and emphasized the need to address challenges related to foreign exchange to enhance trade relations. She pledged to work towards reducing barriers to trade and promoting exports to strengthen economic ties between the UK and Nigeria.
The meeting underscored the mutual interest of both nations in fostering economic cooperation and promoting investment opportunities. Governor Sanwo-Olu’s invitation to UK investors reflects Lagos’s strategic position as a thriving economic hub with vast potential for growth and development.
As Nigeria’s commercial capital, Lagos continues to attract international attention as an investment destination, offering a dynamic business environment and ample opportunities for diverse sectors.
This dialogue marks a significant step towards enhancing bilateral trade relations and fostering economic prosperity for both Nigeria and the United Kingdom.
