Sanwo-Olu to woo british investors at UK Institute of directors’ investment forum

Lagos State Governor, Mr. Babajide Sanwo-Olu, will on Monday January 18, 2021 lead members of the Lagos State Executive Council to make a strong pitch to British businesses and policy makers in a new push to attract Foreign Direct Investment into Nigeria and Lagos State in particular.

Lagos State Governor, Mr. Babajide Sanwo-Olu, will on Monday January 18, 2021 lead members of the Lagos State Executive Council to make a strong pitch to British D and policy makers in a new push to attract Foreign Direct Investment into Nigeria and Lagos State in particular.

Sanwo-Olu will present business opportunities in Nigeria and the significance of investing in Lagos as the keynote speaker at a virtual event organized by the United Kingdom’s Institute of Directors.

Interestingly, the event makes Governor Sanwo-Olu the first elected black leader to address the United Kingdom Institute of Directors (IoD-Uk) in its over 100 years of existence. Specifically, the governor will take the platform to showcase Lagos to the British investors for investment consideration following the UK’s exit from the European Union.

“As a state contributing about 40% of Nigeria’s $410bn GDP and housing over 10% of the country 220 million population, Lagos is evidently a fertile ground for investment and big market for commerce” said Samuel Egube, Commissioner for Economic Planning and Budget, who is also the Co-Chair of Ehingbeti – Lagos State Economic Summit scheduled to hold next month.

“Over 100 large British Businesses have registered to participate in the virtual investment forum, while Helen Grant, Prime Minister Boris Johnson’s Special Trade Envoy to Nigeria, Rt. Hon Granr Shapps, Secretary of State for Transport and Rt. Hon Elizabeth Truss, Secretary of State for International Trade and President Board of Trade will lead British public sector leaders to participate at the forum” according to Helena Drake, IoD Branch Manager for Yorkshire and North East.

“The IoD Director General, Mr. Jon Geldart, who will lead his executive and other board members, will moderate the event” an excited Drake added “the IoD is committed to facilitating business relations and seeking investment openings for its members in any part of the world”.

Nigeria is a major investment and trade destination for Britain following its exit from the European Union and the British government’s £37 billion to boost trade expansion in Africa, where Nigeria is the biggest economy and Lagos holds the enviable position as the 6th largest economy with its 40% contribution to Nigeria’s GDP of $410billion, which is bigger than that of 20 African countries.

The IoD Investment Forum according to Mr. Olusegun Fafore, Executive Assistant to Mr. Sanwo-Olu, will afford the governor opportunity to personally market the investment opportunities in Lagos directly to investors and UK businesses seeking to expand into Lagos”.

“The governor is the Chief Marketing Officer of the state. He will promote the state and Nigeria using the IoD platform. Lagos as the largest market in West Africa and economic hub of Nigeria offers investors a guaranteed return on investment, and with the purposeful leadership provided by Mr. Sanwo-Olu to revamp infrastructure and reposition the state on the Ease of Doing Business, we are sure Lagos will continue to hold the best attraction for any discerning investors. This is the point the governor will be making to the British businesses and policy makers at the forum.”

IoD was established in 1903 and incorporated by Royal Charter in 1906 as a business organisation for top business leaders and entrepreneurs and it is the longest running organisation for professional leaders in Britain.

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The Commander, U.S. Africa Command, U General Stephen Townsend, wrapped up a three-day West African visit February 22-25, 2021, with a stopover in Nigeria to meet with the nation’s leaders and further the long-standing partnership and security cooperation between the two countries.

A press statement by the Embassy on Friday, said: “During the visit, Townsend met with the Nigerian President’s Chief of Staff, Ibrahim Gambari, and National Security Adviser, Babagan Monguno, to discuss regional security issues and to express the command’s gratitude for the assistance provided during a hostage rescue operation last year.

“When we asked for their help, the Nigerian government answered the call. Our hostage recovery mission in October would have been impossible without their support.

“They quickly provided assistance that helped the U.S. military to save an American life. That is a strong example of our partnership with Nigeria.”

Townsend also met with senior military officials, including the Minister of Defence, Bashir Salihi Magash, and the Chief of Defence Staff, General Leo Irabor, to talk about on-going cooperation in the region and greater maritime security and threat mitigation.

Nigeria is a key partner in countering violent extremist organizations throughout the Lake Chad Basin.

Townsend said furthermore: “The bilateral relationship between Nigeria and the U.S. is built on several pillars including security cooperation.

“U.S. Africa Command will do our part to advance the security cooperation pillar, so that Nigerians can enjoy the more secure future they all deserve.”

As close partners, the U.S. and Nigeria have worked at ensuring the collaborative relationship continues to grow to include a commitment to interoperability. Nigeria purchased 12 A-29 Super Tucano light attack aircraft, which will be delivered later this year.

“Nigeria’s purchase of A-29 Super Tucano aircraft is another example of their commitment to interoperability and security in the region,” he added. “Our economic relationship with Nigeria is already strong, and we look forward to the continued strengthening of security relationships. Nigeria’s leaders understand the importance of a collaborative approach to ensuring stability in West Africa and partnering on areas of mutual interest.”

The Commander also met with the U.S. Ambassador to Nigeria, Mary Beth Leonard.

Leonard said: “General Townsend’s visit to Nigeria demonstrates the strategic importance the United States places on our bilateral relationship with Nigeria.

“Our security cooperation partnership with Nigeria’s military will strengthen the country’s capabilities to secure land and sea borders, enhance overall security, and combat terrorism in the North East.”

As part of the visit, Townsend participated in a wreath-laying ceremony at the Nigeria Military National Cemetery to honour those who have given their lives in the service of their nation.

During the visit, the delegation expressed their condolences for the seven service men killed in the crash of a Nigerian Air Force aircraft in Abuja.