Yes, Lagos is the economic, financial and commercial nerve centre of Nigeria It has 3 ports namely, Apapa, Tincan Island and Roro-terminal port The location of Nigeria’s busiest international/Regional aviation hub i.e Murtala Muhammed International Airport Lagos is located in the South Western part of Nigeria, on the narrow plin of the Bight of Benin and is bounded by the Atlantic Ocean. All these economic attributes and natural endowment positions lagos as the ‘THE PREFERRED INVESTMENT DESTINATION’
As part of Lagos State Government’s effort to compliment the attraction of Foreign Direct Investment into its region, the following are being provided as incentives; Establishment of the Office of Overseas Affairs and Investment saddle with the responsibility of promoting investment Establishment of Lekki Free Trade Zone: This serve as an enabling environment for the promotion and location of refineries for intending investors Establishment of Enterprise Zones: To serve as an incubating facility for foreign investors. These zones are located across the state namely: Ijanikin, Ibeju lekki and Ikorodu.
Construction of Light - Rail system for easy transportation of Cargo The lagos State Government under the present administration has embarked on Trade Missions with Embassies, High Commissions and Consular offices to foster stronger bi-lateral relationships
These sectors are open to investors:
POWER,
AGRICULTURE,
TRANSPORTATION,
HOUSING,
HEALTH,
TOURISM,
INFORMATION AND COMMUNICATION TECHNOLOGY
The Office of Overseas Affairs and Investment (LAGOS GLOBAL)
Email: overseas.affairs@lasg.gov.ng
Website: www.lagosglobal
Tel no: 09080000023 and 09080000024
It is expected among others to;
Initiate, formulate and evaluate policies relating to the promotion of inward and outward investments in Lagos State Act as one-stop shop for prospective investors intending to invest in Lagos state
Identify and promote genuine and specific foreign direct investment into Lagos Economy
Promote export of goods and services to other parts of the world
Liaise with embassies and high commissions, chambers of commerce to facilitate foregn investment in Lagos
Enhance the global perception of Lagos as a place to conduct business and live in
Investment desk is situated at major points of entry and strategic public locations across the state Through the email and website (overseasaffairs@lasg.gov.ng, www.lagosglobal.com )
Direct telephone lines (+234)09080000023 and 09080000024)
The state Government has ensured continuous provision of security equipment and personnel to the Lagos State Police Command such as patrol vehicles and other securities too curtail crime in the state.
The Lagos State Security Trust Fund (LSSTF) was given a boost to eradicate crime and ensure security of lives and properties of investors and its entire citizenry
Lagos has over 20MILLION people with an available workforce of x% (skilled and unskilled) which stands as an opportunity for investors to access the labour market.
The office of Overseas Affairs and Investment liaise with Lagos State Ministry of Information, Ministry of Commerce, Industry and Cooperatives, Ministry of Agriculture and Nigeria Export Promotion Council.
The office of Overseas affairs and Investment will liaise with relevant Government Agencies like the Nigerian Export Promotion Council (NEPC), STANDARD ORGANISATION OF Nigeria (SON) and National Agency for Food and Drug Administration Council (NAFDAC) to assist with the process.
We are modifying regulations and policies such as Tax moderation, fast tracking access to Land documentation etc. to drive in Foriegn Direct Investment into the state.
The Office of Overseas Affairs and Investment act as a ‘business ombudsman’ - helping investors and the local business community navigate Government Bureaucracy.
The State Government is currently investing massive infrastructure programme like the light rail system and Independent Power project (IPP)
The Office of overseas Affairs and investment shall liaise with relevant Government Agencies like Bank of Industry (BOI) and Nigerian Export and Import Bank (NEXIM) TO GIVE FINANCIAL ADVICES TO WELL MEANING INVESTORS .
The Office of Overseas Affairs and Investment will liaise with the regulatory agencies like the Ministry of Physical Planning and Urban Development, Lagos State Urban Renewal Authority and Land’s Bureau to assist Investors with factory sites.