Lagos State Governor, Babajide Sanwo-Olu assured businesses of a conducive environment during the German-Nigerian Business Conference at Lagos Continental Hotel.
He emphasized the government’s dedication to policies fostering Ease of Doing Business and continuous support for business success. Lagos remains a top destination for foreign and domestic investments, offering attractive returns.
The Governor highlighted critical areas for potential German investors, including climate-resilient infrastructure in transportation, housing, health, and agriculture. He emphasized the lessons Nigeria can glean from Germany’s industrialization journey to address infrastructural deficits and bolster economic development.
- Bouncing Back Stronger: Your Comprehensive Financial Recovery Guide
- 5 Social Proof Strategies Guaranteed to Elevate Your Business
- Featuring on a podcast: 3 Mistakes To Avoid, Could Affect Your Marketing
- Side Hustle to CEO: Your Business Blueprint
Chancellor Olaf Scholz praised the importance of a stable, eco-friendly power sector for both Germany and Nigeria’s economic progress. He announced Germany’s investments in real-time solar energy and the establishment of a hydrogen market. Nigeria stands as Germany’s second-largest trading partner in sub-Saharan Africa, with over 90 German companies contributing significantly to job creation.
President of the Nigerian-German Chamber of Commerce, Mr. Igbuan Okaisabor, highlighted the strengthening partnership between Nigeria and Germany, fostering opportunities for businesses in both nations. The conference aims to further enhance these ties, stimulate trade, and drive innovation for economic growth.
Chancellor Scholz also commended Lagos State’s efforts in preserving its rich culture and history during his visit to the John Randle Centre for Yoruba Arts and Culture, Onikan. This showcases the state’s commitment to cultural heritage preservation.