Lagos State government has recorded over N5billion foreign direct investment, FDI,in the first quarter of 2016.
The Permanent Secretary, Office of Overseas Affairs and Investment, Yakub Olajide Bashorun, made this disclosure at the weekend during a one-day sensitisation of MDAs on mandate of Office of Overseas Affairs & Investment in Lagos.
Speaking on the investment profile of Lagos, the erstwhile Permanent Secretary in the Ministry of Agriculture and Co-operatives, said: “The investment projection for the state is very high. In the first quarter for instance, we have done about N5billion worth of investment into Lagos, creating hundreds of jobs for Lagosians.
“That is over 50 per cent of what has come in to the country this year alone. So you can imagine what will still be done with this kind of sensitisation workshop with everybody on the same page, whether in agriculture, in power, in transportation, health, medical tourism, ICT, education, entertainment and tourism sectors. So these are areas that are huge.”
He said: “We will continue to monitor with aftercare because it is not only enough to ensure that investment comes to Lagos we want to also ensure that investment is thriving.
