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Lagos Governor Sanwo-Olu plans to woo British investors, to speak at UK IoD forum

By on January 17, 2021 0 106 Views

By GFDNews Correspondent


Lagos State Governor, Babajide Sanwo-Olu will make a presentation on the investment opportunity in Lagos and Nigeria as a whole to the British businesses and policymakers on Monday at a virtual event organized by the United Kingdom’s Institute of Directors. 

In a statement by his chief press secretary Gboyega Akosile, the governor is expected to pitch the various opportunities in the country in a bid to attract Foreign Direct Investment into Nigeria and Lagos State in particular.

Sanwo-Olu, the statement said will present business opportunities in Nigeria and the significance of investing in Lagos as the keynote speaker at the virtual.

Interestingly, the event makes Governor Sanwo-Olu the first elected black leader to address the United Kingdom Institute of Directors (IoD-Uk) in its over 100 years of existence. Specifically, the governor will take the platform to showcase Lagos to the British investors for investment consideration following the UK’s exit from the European Union. 

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“As a state contributing about 40 percent of Nigeria’s $410 billion GDP and housing over 10 percent of the country 220 million population, Lagos is evidently a fertile ground for investment and big market for commerce” said Samuel Egube, Commissioner for Economic Planning and Budget, who is also the Co-Chair of Ehingbeti – Lagos State Economic Summit scheduled to hold next month. 

“Over 100 large British Businesses have registered to participate in the virtual investment forum, while Helen Grant, Prime Minister Boris Johnson’s Special Trade Envoy to Nigeria, Rt. Hon Granr Shapps, Secretary of State for Transport and Rt. Hon Elizabeth Truss, Secretary of State for International Trade and President Board of Trade will lead British public  sector leaders to participate at the forum,” according to Helena Drake, IoD Branch Manager for Yorkshire and North East. 

“The IoD Director General, Jon Geldart, who will lead his executive and other board members, will moderate the event” an excited Drake added “the IoD is committed to facilitating business relations and seeking investment openings for its members in any part of the world.” 

Nigeria is a major investment and trade destination for Britain following its exit from the European Union and the British government’s £37 billion to boost trade expansion in Africa, where Nigeria is the biggest economy and Lagos holds the enviable position as the 6th largest economy.

The IoD Investment Forum according to Olusegun Fafore, Executive Assistant to Sanwo-Olu, will afford the governor opportunity to personally market the investment opportunities in Lagos directly to investors and UK businesses seeking to expand into Lagos.”  

“The governor is the Chief Marketing Officer of the state. He will promote the state and Nigeria using the IoD platform.

“Lagos as the largest market in West Africa and economic hub of Nigeria offers investors a guaranteed return on investment, and with the purposeful leadership provided by Sanwo-Olu to revamp infrastructure and reposition the state on the Ease of Doing Business, we are sure Lagos will continue to hold the best attraction for any discerning investors.

“This is the point the governor will be making to the British businesses and policy makers at the forum,” Fafore said.

IoD was established in 1903 and incorporated by Royal Charter in 1906 as a business organisation for top business leaders and entrepreneurs and it is the longest running organisation for professional leaders in Britain.

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