President Bola Ahmed Tinubu has described Lagos as a gateway to Africa’s economic future, expressing confidence that Nigeria can emerge as one of the world’s largest economies by 2050 through effective leadership, investment, and innovation.
The President made the remarks at the Invest Lagos 3.0 Summit held in Lagos, which brought together government officials, investors, development partners, and business leaders to discuss economic growth and investment opportunities.
Represented by Vice President Kashim Shettima, Tinubu said Nigeria’s long-term prosperity would depend on its ability to align ideas, capital, leadership, and strong institutions.
He described Lagos as one of Africa’s leading economic centres, noting that its scale, energy, and investment potential continue to attract global attention.
Also speaking at the summit, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, identified Lagos as a model for subnational economic development, citing policy consistency and project-driven governance as key drivers of investor confidence.
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Lagos State Governor, Babajide Sanwo-Olu, highlighted ongoing investments in rail transportation, technology, and infrastructure aimed at improving connectivity and supporting economic expansion within the state.
In her remarks, Shirley Botchwey called for greater economic integration across Africa, stressing the importance of reliable power supply, efficient logistics, and improved security to unlock the continent’s potential.
The summit also featured a Governors’ Investment Showcase, with presentations from representatives of Lagos State, Abia State, Imo State, Nasarawa State, and Plateau State, highlighting investment opportunities and development initiatives across their respective states.
