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Sanwo-Olu to make Lagos global economic powerhouse, says commissioner

The Commissioner for Commerce, Trade and Investment, Mrs. Folashade Kaosarat Bada Ambrose, on Monday, said that the Babajide Sanwo-Olu administration is committed to making the state a globally competitive economic powerhouse.

Speaking during a press briefing to announce the kick off of the Lagos Investors Summit 2.0 and Africa Social Impact Summit, (ASIS) 2025, on Monday, Ambrose said the theme of the two-day event slated for July 10 and 11, 2025 is “Scaling Action: Bold Solutions Towards Making Lagos a 21st Century Economy.”

She added that the theme was derived from the general theme of the Africa Social Impact Summit: “Scaling Action: Bold Solutions for Climate Resilience and Policy Innovation.”

“The theme of the Lagos Investment Summit 2.0 reflects our unwavering commitment to building a globally competitive economic powerhouse. We are shifting from dialogue to delivery, from potential to performance, and from planning to implementation.

“The Lagos Investors Summit 2.0 is more than a meeting; it is a platform for actionable collaboration. It will bring together visionary investors, policymakers, industry leaders, development partners, and global stakeholders to explore bold solutions that will drive infrastructure expansion, unlock financing, deepen enterprise growth, and power digital innovation – all towards making Lagos A 21st-century Economy.

“The Summit will run from 8:00 AM to 12:00 PM, followed by a networking where delegates can forge meaningful partnerships that will shape the future of our economy. A key feature of the Summit is the Deal Rooms, where the state’s investment potential would be pitched to potential investors.

“This is expected to be anchored by political heads in the various Ministries, Departments and Agencies (MDAs) and other senior government representatives.

“This summit comes at a pivotal time as Lagos continues to lead the way in sub-Saharan Africa, attracting investment, harnessing talent, and building infrastructure that supports inclusive prosperity. Key sectors to watch out for include civil infrastructure, transportation, technology, green energy, creative economy, real estate, blue economy, and agribusiness.

“The deal rooms would facilitate one-on-one and matchmaking sessions for serious investors, in addition to interaction with government officials, global investors, Development Finance Institutions (DFIs), multilateral organisations, and business executives.

“Let me take this opportunity to invite investors, partners, and stakeholders – both local and international – to be part of this transformative moment. Lagos is open for business, and this Summit will spotlight the unparalleled opportunities that lie within our borders, particularly as Lagos is a hub for smart city solutions, digital infrastructure, and fintech.”

Ambrose was optimistic that the Lagos Investment Summit 2.0 would lead to the African Social Impact Summit, ASIS co-convened by Sterling One Foundation and United Nations in collaboration with Sterling Bank and Lagos State Government.

“The Africa Social Impact Summit (ASIS) is a multi-sectoral platform dedicated to accelerating action on the Sustainable Development Goals (SDGs) in Nigeria and across Africa.

“The two-day summit has the objectives to establish a collaborative framework among the public/private sectors and the development community to create measurable impact through influence and advocacy; provide impact investment opportunities for social enterprises in critical sectors and vital need areas, thereby facilitating the scaling of outcomes in line with the SDGs and the African Union 2063 Agenda; while stimulating increased involvement of stakeholders across public and private sectors in developing policies to aid the speedy achievement of the SDGs and provide support for Africa’s new action plan.”

She added that the Summit is Africa’s premium platform for accelerating the implementation of the Sustainable Development Goals (SDGs).

Ambrose further stated that this year’s edition focuses on strengthening sub-national development, rethinking financial flows, and addressing structural inequalities through long-term investment and reform.

“The essence is to drive conversations on inclusive growth, Environment, Sustainability and Governance – ESG, climate resilience, health equity, education, youth empowerment, and social enterprises.

“As an event pivotal to spotlighting SDG progress and gaps across Africa, ASIS 2025 will promote partnerships, collaborations between governments, NGOs, development agencies, investors, and private sector to scale social impact.

“The ASIS, which will feature high-level speakers, panel discussions and more, provides an avenue for leaders from various sectors to engage in practical and transformative efforts to address Africa’s most urgent challenges related to the SDGs and the African Union Agenda 2063.” (Guardian)