Sanwo-Olu Unveils Plans for Foreign Investment, Stresses the Need for Innovative Strategies

Governor Babajide Sanwo-Olu of Lagos State has outlined a commitment to adopting innovative strategies to attract foreign investment.

Speaking at the Lagos International Trade Fair hosted by the Lagos Chamber of Commerce and Industry, Sanwo-Olu acknowledged the potential challenges posed by the youth population but emphasized the tremendous potential for unleashing opportunities.

The Governor stressed the need to diversify and entice potential investors, aiming to leverage events like the trade fair to generate foreign direct investment, subsequently relieving pressure on the local currency.

Sanwo-Olu highlighted the transformative potential of the trade fair platform, fostering competitive investment opportunities in Nigeria.

With over 70% of Nigeria’s population under the age of 30, he emphasized the importance of driving more investment to encourage economic growth.

The President of the Lagos Chamber of Commerce and Industry, Michael Olawale-Cole, echoed the sentiment, stating that the trade fair provided a stage for investors to collaborate, navigate economic challenges, and forge a path to prosperity in the face of recent domestic economic hurdles.