New Telegraph

February 29, 2024

Lagos Opens For New Investments, Ready For Business – Sanwo-Olu

Lagos State Governor, Mr Babajide Sanwo-Olu, on Monday, re-emphasized the readiness of his administration to continue to attract new local and international investors into the state.

The Governor spoke during a courtesy visit of the management of the Daewoo Engineering and Construction Nigeria Limited, led by its Group Chairman, Mr. Jung Won Ju, at the Lagos House, Ikeja, where he once again declared that “Lagos is ready for business and open to new investments.”

Aside from the assurance of an enabling environment for investments and businesses to grow, which he says the state will always provide and maintain in the State, governor Sanwo-Olu announced that his administration is ready and willing to partner with Daewoo Engineering and Construction Nigeria Limited in automobile, real estate, and technology sectors.

According to the governor: “The relationship between South Korea and Nigeria dates back several decades and we all know how the Daewoo Industry is worldwide. We are aware of your strength and capacity. Lagos is ready for business and it is open for 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.

“So, on this, your visit, don’t let it just be a visit to show; let it be a visit of commitment and real partnership. Let it be a visit where there will be real transactions on the table that both of us can take away.

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

“Our city is open. We are ready and willing to create that partnership with you in automobile, real estate, and technology because we have a very strong and capable youth population that is dynamic. They are very professional and they are ready to work.”

Speaking earlier, Mr. Jung Won Ju, said his company will be investing in real estate and infrastructure in Nigeria, saying Lagos has been identified as one of the major investment areas because Lagos is the economic capital of Nigeria.

Also speaking, the General Manager, Contract and Business Development of Daewoo Engineering and Construction Nigeria Limited, Mr. Adekunle Ilesanmi, commended Lagos State for accommodating a lot of investments and providing an enabling environment for returns on investments.

He said: “We are going to be investing in housing, real estate and infrastructure. Daewoo has over 40 years of commitment in Nigeria. We are trying to increase our investments in the country and Lagos has been identified as one of the major investment areas because Lagos is the economic capital of Nigeria.

“The chairman is willing and has assured Mr. Governor that we will make that commitment in a short time, especially in real estate and housing.

“It is very commendable to see Lagos State accommodating a lot of investments and giving an enabling environment to all the investors coming in and ensuring that there is a return on investments. That makes Lagos attractive because when you invest here, you are sure of a return on your investment. The government is going to support you to be able to have a return on your investment.”

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