The Lagos State Government announced on Tuesday, May 13, 2025, that it has attracted partnership deals worth over $13 trillion for sustainable infrastructural investments across various sectors of the state’s economy over the past six years. Speaking during a ministerial press briefing to mark the second year of Governor Babajide Sanwo-Olu’s second term at Alausa, Ikeja, Commissioner for Commerce, Cooperatives, Trade and Investment, Folashade Ambrose-Medebem, also revealed that Lagos secured over $4 million in Business Enabling Reforms (SABER) disbursements in 2024, affirming its national leadership in reform efforts. She noted that the state expects cumulative SABER disbursements to reach $30 million by the end of 2025 as reforms deepen.
Ambrose-Medebem highlighted the success of the recent Lagos Investment Roundtable, which generated numerous Expressions of Interest from local and foreign investors. A key outcome was a $200 million partnership with Abu Dhabi Ports to develop critical infrastructure and logistics in the Lekki corridor, enhancing ICT innovation, healthcare facilities, and port operations. The state has also strengthened ties with global partners, including trade missions from the United States, European Union, and G7 countries, and signed agreements with Swedish firms to expand 5G broadband penetration. The commissioner added that multiple credit rating agencies have recognized improvements in Lagos’s business environment, with a surge in foreign direct investment (FDI) interest, positioning the state as a leading hub for trade and investment in Africa.
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