Influx of FDI expected at Lagos summit
A strong influx of foreign direct investment (FDI) is expected in Lagos State as the government presents a blueprint of long-term policies to create a favourable and transparent environment for businesses to operate in the state.
Lagos is a favourable destination for investors thanks to its fast post-pandemic recovery, ensured macro-economic balances and along with a good infrastructure system.
At the forum is the Ehingbeti summit, which holds today experts would converge to discuss the future of Lagos’ economy.
The summit, which kicks off on Victoria Island, will spark up conversations that would lead to profitable partnerships and investments in a greater tomorrow for Lagos State and other parts of the country.
The government is promoting FDI capital to inject into underway projects, including in industrial zones and economic projects.
Moreover, other experts in transportation, safety and security and power and energy industries will deliver their thoughts on opportunities for the state government in those sectors of the economy.
The Chairman, Lagos Economic Summit Group, Samuel Egube, said the ninth summit, themed “Charting the paths to sustainable socio-economic growth”, was borne out of a strong desire by the state government to accelerate economic growth and development in Lagos.
He said the summit, which started in 2000, has been bringing together local and foreign participants, stakeholders in the public and private sectors, who indeed have interest in Lagos.
He added that the summit had also brought together men and women from the academia, multilateral and other development institutions to add a significant amount of value to Lagos.
According to him, “It is the belief of us in Lagos that Lagos State prospers as a result of the commitment Lagosians show to participate in governance while also committing their efforts to the future of Lagos.”
He assured that the Lagos State government would continue to protect trade, business activities, noting that the future of Lagos relies on economic activities.
He added that the summit is one of its platforms that demonstrates its commitment to listening to the people of Lagos in the various sectors of the economy and also an accountability platform for the State government to account for what it has implemented.
“Ehingbeti is a proof that we will continue to pursue transparency, commitment of accountability to governance. We will always go round Lagos in all the divisions before a budget comes to give an account of what we have agreed at the last consultative forum and show the path for the future.
“This summit will bridge knowledge gaps, drive policies, encourage innovations, and promote positive social change for a better future,” he pointed out.
