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Lagos Remains Africa’s Premier Business And Investment Destination – Sanwo-Olu

Lagos State is Africa’s premier business and investment destination and the Government will continue to do all within its power to remain so.

This was disclosed on Wednesday by the Lagos State Governor, Babajide Sanwo-Olu at the Business Day Newspaper Africa Business Conference.

“The completion of the Lekki Port will put an end to the intractable Apapa gridlock, the congestion along Oshodi-Apapa Expressway, port access roads and Apapa environs, Sanwo-olu said.

Sanwo-Olu who spoke passionately about his administration’s commitment to delivering the dividends of democracy to millions of Lagosians through his T.H.E.M.E.S developmental agenda for greater Lagos said his government had completed iconic projects within the state in the last two and half years.

He also cited some of the infrastructural projects such as Lekki Deep Port, the fourth Mainland Bridge, Red and Blue line rails and Imota Rice Mills, among others that are ongoing or in the pipeline, which according to him would be completed and become operational within the next 24 months.

The governor said the process leading to the commencement of the construction of the fourth Mainland Bridge, which starts from Badore in Ajah and ends in Ikorodu, would be completed before the second quarter of the year.

He said: “Lagos is, in addition to being Africa’s most populous megacity, the continent’s premier business and investment destination, and we will continue to do all within our power to remain so.

“As I speak, several landmark public and private infrastructure and investment projects are underway or nearing completion in Lagos State; the biggest single-train petroleum refinery in the world, one of the largest rice mills in the world, one of the largest and most modern deep-seaport on the continent, and West Africa’s biggest light rail network. Within the next 24 months, we expect all of these to be operational.

“We are also Africa’s startup capital, ahead of Nairobi, Cape Town and Johannesburg, in terms of the number of startups and in terms of investment inflows and the size of exits. Flutterwave and Paystack, two of the most prominent African unicorns of the decade, were born here.

“In addition, we are home to several major investments ongoing in real estate, like Eko Atlantic on the edge of Victoria Island, and Alaro City on the Lekki Peninsula.”

Speaking at the event, the Publisher of Business Day Newspaper, Mr. Frank Aigbogun, applauded Sanwo-Olu for the great work he was doing in ridding Apapa of traffic gridlocks and for delivering on his promise to the people of Lagos State.

He said: “When we had the interview, which I moderated, hosted by the Lagos Chamber of Commerce and Industry before the elections in 2019, Apapa dominated that conversation. I don’t know how often you go to Apapa Mr. Governor but I think between 23 and 27 minutes these days, you get Apapa.

Africa Business Conference (ABC) 2022 is a business conference and investment expo that brings together government, business leaders, policymakers, investors, and entrepreneurs across Africa and beyond to proffer sustainable solutions to challenges in the business environment.

The second edition of the convention themed ‘Africa recovery’ took place at the Eko Hotel & Suites Lagos,.

Top African government and business leaders as well as high-level networking on the African continent graced the convention and proffer solutions that address challenges in the business environment across Africa.

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