Lagos Plans: Investors Express Confidence.

A group of local and foreign investors on last Wednesday met with the Lagos State Governor, Mr. Akinwunmi Ambode where they expressed their readiness to partner with the state government on infrastructural development.

The meeting held at the Lagos House, Alausa, Ikeja, had directors and team leaders of top multinationals in attendance including Julius Berger, JP Morgan, Wested Group and Contraco Nigeria, among others.DSC_7194

Director of Julius Berger, Mutiu Sunmonu, who spoke with Government House correspondents shortly after the meeting, said the session with the governor was fruitful, expressing optimism that it would go a long way to define the way the state government intends to go in boosting its economy.

“I could say that the governor has very bold steps and very bold ideas for Lagos State. This interactive session has also opened the way for further discussions such that we can actualise some of the projects that we have discussed today. I think it’s really a thing of pride that His Excellency has opened his door for investors,” he said.

 On his part, the Managing Director, Senior Country Officer for JP Morgan in Nigeria, Oluwatosin Adewuyi, commended Ambode for convening the meeting, saying his company was excited to partner with the state government in achieving its economic goals.


He added that it would go a long way to enhancing the confidence of investors to put their money in projects that would improve on the lives of the citizenry.

Adewuyi added, “I’m very excited, some bold and creative plans; and I believe those are actually required in the next decade in Lagos. It’s always refreshing to spend time with the governor, who understands financing,

and he does. It was two hours well spent and it’s the best for us to move Lagos forward.

“We’re a global bank and so, essentially, our key skill set is to attract investors into countries and taking local companies out of Nigeria to raise capital. From our perspective, there’s a myriad of projects that need to be financed and that’s where we need to come in.”

Leader of the team of investors, Pastor Idowu Iluyomade, said both the state government and the local and international investors and banks were looking forward to a long term partnership that would be beneficial to the growth of the state.

Ambode, in his remarks, said the meeting was in line with his campaign promise to open the state to greater business as well as create enabling environment for investments to thrive.

He expressed confidence that the state would witness substantial infrastructural development in the first four years of his administration.

“What we have just done is to meet with a group of investors, who has actually taken keen interest in what has been happening in Lagos in the last six weeks.


“We have business men and investors, who are interested in our infrastructure: water, health and also power. Like I have always said, Lagos is going to greater heights. They have shown commitment this afternoon, they have also promised that the next four years, Lagos will be something totally different from what it used to be,” the governor said.

Culled from Punch Newspaper.

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