June 10, 2026
The Federal Government and six state governments have urged investors at the ongoing Invest in Lagos 3.0 Summit to channel funds into critical sectors, promising attractive returns and improved business conditions.
The summit, themed “Lagos: The Business Gateway to Africa,” featured presentations from representatives of the Presidency and the governors of Lagos, Imo, Abia, Plateau, Taraba and Nasarawa states.
Minister of Finance, Dr. Taiwo Oyedele, assured investors of the Federal Government’s commitment to creating a conducive business environment through ongoing fiscal reforms. He said the new tax law has eliminated multiple taxation, improved compliance and provided relief for small and medium enterprises. He added that stamp duty collection has been transferred to state governments and commended states that have adopted harmonised tax systems.
Oyedele told the more than 600 delegates—including global institutions, sovereign wealth funds, development finance institutions and trade networks—that the government remains committed to building a $1 trillion economy through supportive fiscal and monetary policies.
