FG, 6 states woo investors at ‘Invest in Lagos 3.0’ Summit
The Federal Government and six state governments have urged investors at the ongoing Invest in Lagos 3.0 Summit to channel funds into critical sectors, promising attractive returns and improved business conditions.
The summit, themed “Lagos: The Business Gateway to Africa,” featured presentations from representatives of the Presidency and the governors of Lagos, Imo, Abia, Plateau, Taraba and Nasarawa states.
Minister of Finance, Dr. Taiwo Oyedele, assured investors of the Federal Government’s commitment to creating a conducive business environment through ongoing fiscal reforms. He said the new tax law has eliminated multiple taxation, improved compliance and provided relief for small and medium enterprises. He added that stamp duty collection has been transferred to state governments and commended states that have adopted harmonised tax systems.
Oyedele told the more than 600 delegates—including global institutions, sovereign wealth funds, development finance institutions and trade networks—that the government remains committed to building a $1 trillion economy through supportive fiscal and monetary policies.
Lagos State Governor, Babajide Sanwo-Olu, called for increased private sector investment in rail transport, energy, agriculture, agro-processing and water infrastructure. He said addressing transportation challenges would unlock Lagos’ economic potential, reduce travel time, boost productivity and improve returns on investment.
Abia State Governor, Dr. Alex Otti, said his administration is redesigning Aba and major business clusters to harness the entrepreneurial strengths of residents. Imo State Governor, Hope Uzodinma, highlighted efforts to address infrastructure deficits and drive industrialisation, while Nasarawa State Governor, Abdullahi Sule, promoted investment opportunities in agriculture and urban development, leveraging the state’s proximity to Abuja.
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