Says Lagos remains most attractive investment destination in Africa
Lagos State governor, Mr Akinwunmi Ambode, has emphasised the leadership status of the state as the most attractive location financially and socially for investment in Africa.
The governor reiterated the commitment of his administration towards putting in place, policies to attract investment and facilitate conducive atmosphere for businesses to thrive.
Ambode spoke in Lagos, at the grand opening of CFAO Yamaha Showroom and Assembly Plant with production capacity of 70,000 motorbikes annually, saying with a population in excess of 21 million, a significant proportion of which comprises the middle class with strong purchasing powers, he was convinced that the state had what every investor desired in investing in any city.
He said aside the fact that Lagos accounts for 60 per cent of Nigeria’s industrial capacity, the state also attracts between 70 and 80 per cent of $6bn annual Foreign Direct Investment (DFI) into Nigeria, adding that measures were being taken to increase the figure by 50 per cent.
Governor Ambode lauded the collaboration between CFAO of France and Yamaha of Japan to bring about the joint venture in Lagos, Nigeria, saying the partnership was good news for Lagos economy and a boost to the efforts of his administration in bringing investment to the state.