The Lagos state government has said it already recorded over N5billion foreign direct investment (FDI) in the first quarter of 2016 which ends in March.
Dr Yakub Olajide Bashorun, Permanent Secretary, Office of Overseas Affairs and Investment made the disclosure at the weekend during a one-day sensitisation of MDAs on mandate of Office of Overseas Affairs & Investment in Lagos.
Speaking on the investment profile of Lagos, Bashorun said:
“The investment projection for the state is very high. In the first quarter for instance, we have done about N5billion worth of investment into Lagos, creating hundreds of jobs for Lagosians.
“That is over 50 per cent of what has come in to the country this year alone. So you can imagine what will still be done with this kind of sensitisation workshop with everybody on the same page, whether in agriculture, in power, in transportation, health, medical tourism, ICT, education, entertainment and tourism sectors. So these are areas that are huge.”
Bashorun stated further that the state government will continue to work towards attracting more investments and also ensure that the investments thrive.
“If they are doing very well how can they do even better? Can they open more branches? If they are not doing well is it that something went wrong along the way? Is it in terms of implementation of agreement? There has to be somebody who is working out the interest of everybody and that is what we’re doing,” Bashorun said.
Office of Overseas Affairs & Investment, otherwise known as Lagos Global is a new parastatal was established in May 2015 at the inception of the Governor Akinwunmi Ambode administration.
Story: The Nation
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