Lagos attracts investments worth $8.32bn in 2 years ― Sanwo-Olu’s aide

Lagos State Government said it has attracted N8.32 billion worth of investments inflow into the state within the two years despite challenges of COVID-19 pandemic.

Special Adviser Office of Sustainable Development Goals and Investment, SDGI, Mrs Solape Hammond, disclosed this on Tuesday, at the 2021 ministerial press briefing to showcase achievements of the office as well as part of events to commemorate the second year anniversary of Governor Babajide Sanwo-Olu-led administration, held in Alausa, Ikeja.

Hammond said with the Investments in the kitty, the state has the ability to bring in, retain and leverage on inclusive and sustainable economic growth.

She stressed that the economy policy of the present administration is designed to improve the business climate of Lagos and promote socio-economic prosperity.

Hammond explained that the state government through the office of SDGI, in the last two years of this administration has participated at several global campaign to attract investments and partnerships for the execution of the SDGs-related projects.

“Accordingly, the Office has established a good relationship with embassies, high commissions and development agencies of several nations including the United Kingdom, UK, Netherlands, France, China, Canada and Japan,” she stated.

She confirmed that while the government was currently engaging several local and international organizations for various investment possibilities in the state, her office, supported more than 12 private sector investors interested in investing in Lagos.

Hammond also revealed that the Office had facilitated interventions on several investments with Ministries, Departments, Agencies, MDAs (Transport, Waterfront Infrastructure Development, Wealth Creation, Energy and Environment), adding that the office is set to launch an investment Deal Book that details investment prospects across major sectors in the state.

Leave A Comment