The Federal Government and six state governors are wooing investors at the ongoing ‘Invest In Lagos 3.0’ Summit to invest in critical sectors at national and subnational levels, promising high returns on investment.
Aside from representatives from the Presidency, the governors of Lagos, Imo, Abia, Plateau, Taraba, and Nasarawa states made presentations at the summit, tagged “Lagos: The Business Gateway To Africa,’ in Victoria Island on Monday, 8 June 2026.
Earlier, the Minister of Finance, Taiwo Oyedele, had assured investors of the Federal Government’s determination to create a conducive operating environment for businesses to thrive.
Part of such moves, he said, is the new tax law that corrects some of the defects in the old tax system. He added that the new law had eradicated multiple taxation and increased compliance levels while giving waivers to some businesses, especially Small and Medium Enterprises across the country, to enhance their survival.
At the subnational level, Oyedele stated that the collection of stamp duty had been relinquished to state governments, applauding the states that had already passed the harmonised tax systems.
