This article was produced with the support of Invest in Lagos 3.0
Lagos State is unarguably Nigeria’s commercial engine, economic nerve centre and Africa’s most active hub for enterprise development, unlocking domestic capital and attracting foreign investment. This should not come as a surprise because Lagos contributes over 30% of the nation’s GDP, controls 70% of maritime cargo freight and handles over 80% of international air traffic.
With the government pursuing a 24-hour economy agenda through its THEMES agenda for traffic management and transportation, health and environment, education and technology and a “No One Left Behind” philosophy, Lagos offers scale and a proven market for investors.
The state’s strategy is clear: reduce friction, improve infrastructure and make Lagos bankable for private capital. A typical example is the $20bn investment by Alhaji Aliko Dangote in the 650,000 barrels per day oil refinery in Ibeju-Lekki.
For investors and operators heading to Lagos for the Invest in Lagos 3.0 Summit on 8 and 9 June there are opportunities in six strategic sectors where demand is structural, policy is supportive and execution creates pathways to defensible returns.
