Ambode launches one-stop-shop for investors

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Lagos State Governor Akinwunmi Ambode yesterday unveiled the Office of Overseas Affairs and Investment, otherwise known as Lagos Global.

The Lagos Global is a one-stop shop designed to enhance ease of doing business in Lagos State and also actualise the state’s vision of becoming Africa’s model megacity and global economic and financial hub.

At the official presentation, Ambode, who was represented by the Secretary to the State Government, Tunji Bello, said the initiative was in line with the commitment of his administration to make Lagos an investment destination of choice by creating a favourable environment for local and Foreign Direct Investment (FDI).

He said Lagos remained the desired investment destination, having attracted massive FDI, such as the $1.65 billion Lekki Deep Seaport and the $12 billion Dangote Refinery and Petrochemical Plant, among other investments coming to the State.

Ambode assured that the seaport would be completed in 2019 and upon completion will be the deepest seaport in Sub-Saharan Africa.

He also said the Badagry Creek Industrial Park, a $1.3billion investment, would be completed in 2018.

His words: “As the world continues to acknowledge Lagos as a regional financial hub, we as a government have demonstrated the commitment to strengthen this position through deliberate policies aimed at improving the business climate in our state.

“In this regard, we have successfully placed Lagos on investors’ radar by putting in place effective legal and regulatory frameworks such as the Land Reform Act, Double Taxation treaties, Limited Liability Reviews and the development of Free Trade Zones. Likewise, the on-going judicial reform is aimed at strengthening our laws for the protection of enterprise.”

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