Lagos open to new investments, says Sanwo-Olu

The Lagos State Governor, Mr Babajide Sanwo-Olu, has reiterated his administration’s commitment to attracting investments from local and international companies, stressing that Lagos is ready for business and open for new investments.

The governor said this on Monday when he received  Daewoo Engineering and Construction Nigeria Limited, led by its Group Chairman, Mr Jung Won Ju, who paid him a courtesy visit at the Lagos House, Ikeja.

Sanwo-Olu said his government was ready and willing to partner with Daewoo Engineering and Construction Nigeria Limited in automobile, real estate and technology.

He said, “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 to 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, General Manager, Contract and Business Development of Daewoo Engineering and Construction Nigeria Limited, Mr Adekunle Ilesanmi, 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 the real estate and housing.”

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