According to Mr. Babajide Sanwo-Olu, the governor of Lagos State, Africa would be the next location for international trade, with Lagos serving as the hub.
According to him, Lagos is a popular option among foreign investors who have opened firms in Nigeria because of the state’s strong economy, its creative young population, and the supportive atmosphere given by the government.
Sanwo-Olu spoke at a luncheon hosted by Del-York International in his honor recently in Washington, DC, with the theme: investment potential in Lagos, Africa’s biggest economy, according to a release.
The governor said that there is a guaranteed return on investment in sectors like technology, infrastructure, renewable energy, and entertainment for people seeking to invest in the state. He listed these as areas that remain fruitful for serious investors to look at.
In response to inquiries about security in Nigeria, Sanwo-Olu stated that Lagos is the safest state in the nation and noted that this is one of the main factors drawing investors to the state. He also assured the audience that his administration would keep making Lagos an uninhabitable place for criminal minds.
Given the numerous infrastructure projects started by the Babajide Sanwo-Olu administration to create a favorable and conducive business environment for investors, the Chief Executive Officer of Del-York International, Mr. Linus Idahosa, stated that Lagos State was the only place for investment at this time.
“Without a doubt, Lagos is the greatest and safest area for investment at this time,” he stated. This is what I’m saying, not because the state’s governor is here, but simply because it is true. The government is attempting to provide a secure environment for investors in Lagos, which is Africa’s largest commercial center.
Speaking on the changes taking place in Africa, Mr. Steve Hayes, President of Corporate Council on Africa, United States of America, said that, unlike a few decades ago, Nigeria has begun to draw a lot of investments from Nigerians residing in the United States. He emphasized that this would compel American real estate investors to consider the nation’s future.
Other speakers focused on the topic of security and the unfavorable portrayal of Nigeria in the media as one of the main deterrents to foreign investment in Nigeria.
Governor Sanwo-Olu allayed the investors’ concerns on their behalf by pushing them to see the positive aspects of the nation.
Over forty American investors attended the business event, which was hosted by broadcaster Williams Armstrong of African descent.
Sanwo-Olu has promised to maintain his administration’s support for the State’s creative sector going forward.
In constructing a development route for the industry with less institutional backing, Sanwo-Olu commends the determination and perseverance of Nigerian creative artists and entertainers.
He said that the Lagos State Government was actively altering the narrative by collaborating with key industry figures to further the growth and professionalism of the creative industry.
Sanwo-Olu made this statement this weekend in Atlanta, Georgia, during a discussion with Nigerian singers, producers, and promoters at an event titled “Stars are created in Lagos,” a side event at the just finished 15th Headies Global Awards.
Prior to the proposed Lagos film city project, the governor also paid a visit to the Atlanta-based Trilith Studios where he had a meeting with Mr. Daniel Truett Carthy, the company’s creator.
Sanwo-Olu and his crew were shown the 24 sound stages and 400 acres of backlog on the 700 acre site studio.
Numerous Nigerian artists and entertainers, like Davido, Wizkid, and some of our filmmakers, are among the hundreds of individuals, according to Sanwo-Olu, who need to be heard internationally and share the tale of Lagos.
He declared that the administration of Lagos state would keep fostering an environment in which persons working in the arts and entertainment sector might excel and play an important role in the world.
There is no better location to start a dialogue than from here, he added, since for us, going here is truly about presenting the narrative of Lagos in America. We also know that Atlanta is a significant entertainment hub in the US. The main goal of our project is to test the waters, establish communication, and inform the audience from the Diaspora that they have a government and that their citizens may participate in it.
“We are making our doors open to additional participants in the belief that doing so would provide a platform for other creative creators, including those in the music and entertainment, who can further the business. We thus think that this initial excursion will blossom into a larger excursion for us.