Lagos nets $5.95bn foreign capital inflows in 2024 —Sanwo-Olu reveals

By Olasunkanmi Akoni

Lagos State Governor, Babajide Sanwo-Olu, has disclosed that the authorities successful 2024 alone, attracted $5.95 cardinal successful overseas superior inflows—over two-thirds of Nigeria’s total, portion drafting $2.56 cardinal successful Q1 2025, contempt planetary headwinds.

Sanwo-Olu, who stressed that the State remained a ascendant concern destination successful Africa, expressed the readiness to spouse the State of Georgia, United States of America, USA, successful the country of infrastructure, healthcare, education, technology, and originative industries.

The Governor spoke connected Thursday, portion delivering a code astatine the US–Nigeria Policy and Trade Forum, held alongside FNITCC-AFRICON 2025 astatine the Georgia State Capitol successful Atlanta, United States.

The event, according to a connection by Sanwo-Olu’s Special Adviser connected Media and Publicity, Gboyega Akosile, was attended by lawmakers of the State of Georgia, members of the Georgia African Legislative Caucus, concern leaders, members of the Nigerian diaspora, and friends of Lagos and Nigeria.

Sanwo-Olu assured investors that Lagos is unfastened for concern and investment, arsenic good arsenic forging partnerships that volition outlive the existent medication and signifier generations to come.

Sharing immoderate of the compelling facts astir Lagos, the Governor affirmed Lagos arsenic an economical powerhouse with a ample colonisation and marketplace standard that tin boast of infrastructure transformation, innovation and youth.

“In 2024 alone, Lagos attracted $5.95 cardinal successful overseas superior inflows—over two-thirds of Nigeria’s total. Even successful Q1 2025, Lagos remained a ascendant concern destination, drafting $2.56 billion, contempt planetary headwinds.

”By 2030, Lagos is projected to beryllium the ninth-largest metropolis system successful the world, with a colonisation exceeding 30 million, offering 1 of the continent’s deepest user markets.

”From the Lagos Rail Mass Transit (Blue and Red Lines) to the upcoming 68 km Green Line metro project, and from the Lekki Deep Seaport to the caller Lagos International Financial Centre, we are deliberately positioning Lagos arsenic a planetary metropolis acceptable for business.

“Lagos is the beating bosom of Africa’s tech ecosystem, location to much than 2,500 startups, including unicorns similar Flutterwave and Andela. Every day, Lagosians show that Africa’s aboriginal volition beryllium digitally powered,” the politician stated.

The station Lagos nets $5.95bn overseas superior inflows successful 2024 —Sanwo-Olu reveals appeared archetypal connected Vanguard News.