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Tuesday, June 18, 2024

Lagos open to new investments, says Sanwo-Olu

Lagos State Governor, Mr. Babajide Sanwo-Olu, has restated his administration’s dedication to fostering investments from both local and international companies, emphasizing the city’s readiness for business and its welcoming stance towards new investments.

The Governor conveyed this commitment during a courtesy visit by the management team of Daewoo Engineering and Construction Nigeria Limited, led by its Group Chairman, Mr. Jung Won Ju, at the Lagos House in Ikeja.

He also assured investors of his commitment to creating a conducive environment for businesses to thrive in the state; emphasizing Lagos State Government’s eagerness to collaborate with Daewoo Engineering and Construction Nigeria Limited across various sectors, including automobile, real estate, and technology.

He said, “The relationship between South Korea and Nigeria dates back several decades, and we are aware of the global presence of the Daewoo Industry. Lagos is prepared for business, and its doors are open to new investments. I know Daewoo Nigeria has been here for a while but this is an opportunity for you to take that relationship to another level.”

Governor Sanwo-Olu encouraged the visiting delegation to view the visit not just as a formality but as an opportunity to solidify a genuine partnership, urging meaningful transactions that would benefit both parties.

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“We are here to create the enabling environment for investments and businesses to grow. Whatever you need from our side for your investments within our means, you can be rest assured that we are willing to do it, as long as we see a mutually beneficial relationship,” the Governor affirmed.

Earlier, Mr. Jung Won Ju of Daewoo Engineering and Construction Nigeria Limited disclosed his company’s intent to invest in real estate and infrastructure in Nigeria, with Lagos being a focal point due to its status as the economic capital of the country.

Also, the General Manager, Contract, and Business Development of Daewoo Engineering and Construction Nigeria Limited, Mr. Adekunle Ilesanmi praised Lagos State for its investor-friendly environment and the government’s commitment to ensuring a favourable climate for returns on investments.

“We are going to be investing in housing, real estate, and infrastructure. Daewoo has over 40years of commitment in Nigeria. Lagos has been identified as one of the major investment areas because it is the economic capital of Nigeria,” he stated, highlighting the Chairman’s assurance of a swift commitment, particularly in the real estate and housing sectors.

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Ilesanmi commended Lagos for accommodating numerous investments and providing the necessary support, making the state an attractive destination for investors seeking a reliable return on their investments.

Christiana Alabi-Akande
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