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Lagos Will be Attractive To Diasporan Investment — Sanwo-Olu



Governor Babajide Sanwo-Olu, on Wednesday said the ongoing development in Lagos state is a deliberate effort to make the State attractive to Diasporan investment.

The Governor disclosed this while receiving His Worship, Mr. Patrick Brown, the Mayor of Brampton City in Ontario, Canada, who led a delegation to the State House in Alausa on a courtesy visit.

Sanwo-Olu said there would be no point requesting Nigerians abroad to come back home to invest if the local business environment was not made to support their aspirations.

“It feels great to know how much effort you, as a Mayor of Brampton, are investing in driving more development in your city and this is similar to what we have been doing in Lagos. We have embarked on intensive infrastructural programme to make Lagos more attractive to people in the diaspora to invest in.

“All these efforts will sustain the position of Lagos as the first destination for business and keep our economy growing at a steady pace. Lagos is the tech hub in the sub-Saharan Africa and there are many collaborations we can seal with Brampton in the area of cyber security. Only yesterday (Monday), the State cabinet passed the development of 3,000-kilometre metropolitan fibre initiative all around the city.

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“When this is done, we will be able to leapfrog on this to build several capabilities using technology. It means that we are transforming Lagos to a smart city and city of the future driven by technology. This will also enhance our Ease of Doing Business Policy, which foreign investors and Diaspora can tap into.”

Sanwo-Olu added that the smart city initiative of his administration would enhance the capacity of the Government to leverage technology in improving security and drive up tourism potential of the State.

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