The Lagos State Governor, Mr Babajide Sanwo-Olu, has reached out to investors in Africa and across the world to invest in the state’s infrastructure, promising huge returns on investment.
The governor, who spoke at the ongoing Africa Investment Forum in Marrakech, Morocco, with the theme, ‘Leveraging Cities and Municipalities for National Development,’ noted that Lagos welcomes investment in new areas of transport infrastructure, especially in rail lines.
A statement signed by the governor’s Chief Press Secretary, Mr Gboyega Akosile, stated that Sanwo-Olu, during a panel discussion moderated by the African Development Bank’s Senior Advisor on Communication and Stakeholder Engagement, Dr Victor Oladokun, told panellists that his administration was making efforts to address infrastructure deficit facing the state by committing short- and long-term investments in critical areas to bolster the state’s resilience and aid mass mobility.
Sanwo-Olu said, “We have cleaned up our regulatory environment and opened our doors to assure investors that all the red tape has been removed. We have a one-stop shop in which investors can come in and navigate our business environment.
“Once the regulatory environment is clear and the instrument of dispute resolution is independent, what remains is for the investment to come.
“We welcome investment in new areas of transport infrastructure, on the rail lines we are building to commute millions daily. The numbers are real, and it will speak to returns on investment. We also welcome investment on the waterways, where we have delivered a lot of backbone infrastructure.”
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