Sanwo-Olu to address British investors at UK Institute of directors

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Lagos State Governor, Mr. Babajide Sanwo-Olu, will on Monday lead members of the Lagos State Executive Council to make a strong pitch to British businesses and policy makers in a new push to attract Foreign Direct Investment into Nigeria and Lagos State in particular.

Sanwo-Olu will present business opportunities in Nigeria and the significance of investing in Lagos as the keynote speaker at a virtual event organized by the United Kingdom’s Institute of Directors.

Specifically, the governor will take the platform to showcase Lagos to the British investors for investment consideration following the UK’s exit from the European Union.

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“As a state contributing about 40% of Nigeria’s $410bn GDP and housing over 10% of the country 220 million population, Lagos is evidently a fertile ground for investment and big market for commerce” said Samuel Egube, Commissioner for Economic Planning and Budget, who is also the Co-Chair of Ehingbeti – Lagos State Economic Summit scheduled to hold next month.

“Over 100 large British Businesses have registered to participate in the virtual investment forum, while Helen Grant, Prime Minister Boris Johnson’s Special Trade Envoy to Nigeria, Rt. Hon Granr Shapps, Secretary of State for Transport and Rt. Hon Elizabeth Truss, Secretary of State for International Trade and President Board of Trade will lead British public  sector leaders to participate at the forum” according to Helena Drake, IoD Branch Manager for Yorkshire and North East.

“The IoD Director General, Mr. Jon Geldart, who will lead his executive and other board members, will moderate the event” an excited Drake added “the IoD is committed to facilitating business relations and seeking investment openings for its members in any part of the world”.

Nigeria is a major investment and trade destination for Britain following its exit from the European Union and the British government’s £37 billion to boost trade expansion in Africa, where Nigeria is the biggest economy and Lagos holds the enviable position as the 6th largest economy with its 40% contribution to Nigeria’s GDP of $410billion, which is bigger than that of 20 African countries.

The IoD Investment Forum according to Mr. Olusegun Fafore, Executive Assistant to Mr. Sanwo-Olu, will afford the governor opportunity to personally market the investment opportunities in Lagos directly to investors and UK businesses seeking to expand into Lagos”.