A team of investors from the United Arab Emirates, UAE, has disclosed plans to invest as much as $10 billion in the state economy soon.
The UAE team, led by Professor Pat Utomi, stated this during a courtesy visit to Lagos State governor, Mr. Akinwunmi Ambode at the state House, Alausa, Ikeja.
Utomi, in his remarks said the group of investors from the UAE is aspiring to play a role that would significantly change the business climate in the state. “They are looking to invest as much as $10 billion in the state within a period of time,’’ he said.
Ambode, in his address restated the commitment of his administration to evolve policies and initiatives that would transform the state into a destination for investors across the globe.
He said in less than 100 days of his administration, efforts had been made to create an atmosphere for investors to look toward the direction of the state and for existing businesses to thrive.
Ambode therefore, assured the investors of his administration’s support in the areas they are eyeing for partnership.
He also restated his commitment to the rule of law as well as judicial and security sector reforms, saying the efforts were being geared towards ensuring that business transactions are done transparently.
Irish envoy’s visit
Meantime, Governor Ambode, while receiving the Irish Ambassador, Mr. Sean Hoy, said the state was looking towards partnership in agro business towards ensuring food security in the state.
The governor stressed that his administration was planning to expand the agricultural sector and increase the production capacity of its farmers in the nearest future.
Source: Vanguard Newspaper