President Bola Tinubu Has Projected Lagos as the Driving Force Behind Africa’s Economic Future

President Bola Tinubu Has Projected Lagos as the Driving Force Behind Africa’s Economic Future

President Bola Tinubu has projected Lagos as the driving force behind Africa’s economic future, describing the state as a premier destination for business, trade, innovation and global investment. Speaking through Vice President Kashim Shettima at the Invest Lagos 3.0 Summit held at Eko Hotels and Suites, the President said Nigeria’s ambition of building a $1 trillion economy rests on enterprise, strategic reforms and strong subnational leadership.

Addressing an audience of policymakers, global investors and business leaders, Tinubu noted that Lagos has become a testing ground for governance and economic execution on the continent. He reaffirmed the federal government’s readiness to support states in improving infrastructure, easing business regulations and expanding trade opportunities under the African Continental Free Trade Area.

Governor Babajide Sanwo-Olu highlighted investment opportunities in transport, technology, energy and infrastructure. He specifically invited investors into rail and water transport projects, renewable energy solutions, and the state’s expanding digital economy. The Governor said solving mobility challenges would unlock enormous economic gains and boost household incomes.

The summit also featured a governors’ investment showcase. Governor Hope Uzodimma of Imo State spoke on ongoing reforms in electricity supply and industrial development. Governor Alex Otti of Abia State noted that reliable power is driving industrial clusters in Aba. Governor Abdullahi Sule of Nasarawa State disclosed that his state has attracted over $2.3 billion in investments, particularly in lithium processing. Governor Caleb Mutfwang of Plateau State identified agriculture, tourism and mining as strategic sectors for growth.

Leaders at the summit emphasised private-sector partnerships, digital transformation and AfCFTA opportunities as key drivers of growth. The Commonwealth Secretary-General called for improved power supply and logistics systems across the region. The Minister of Finance assured investors that recent fiscal reforms were enhancing Nigeria’s investment climate.