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‘Lagos got $43bn investment proposals’

‘Lagos got $43bn investment proposals’

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The Lagos State Government on Thursday said it attracted investment proposals worth $43bn in the last three years in its drive to boost the economy of the state.

The Special Adviser to Lagos State Governor on Overseas Affairs and Investment, Prof. Ademola Abass, stated this at the press briefing of his office in Ikeja.

Abass noted that some of the proposals had been transformed into actual investment, while the Office of Overseas Affairs and Investment (Lagos Global) was still working on others.

He said, “In the last three years of Akinwunmi Ambode-led administration, Lagos State has received investment proposals worth $43b.

“Following policies geared towards enhancing the ease of doing business, investors have shown interest in tapping into the investment opportunities in Lagos.”

Abass added that since its creation, the office had inspired investors’ confidence in Lagos as a place to conduct business and live in.

According to him, a foreign firm, LaTerre Batiment Limited, has concluded plans to build a new Island in the state, while another firm, Rockwealth Integrated Service, would soon redevelop the Amuwo Odofin area into a mixed use real estate.

Abass said Lagos Global had also been helping existing investors by providing necessary business support services.

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