Invest in Lagos 3.0 Targets N4trn Local, Foreign Direct Investments

The Lagos State Government has announced plans to attract over N4 trillion in local and foreign direct investment through the third edition of its flagship investment forum, Invest in Lagos 3.0, scheduled to hold from June 8 to June 9, 2026, at Eko Hotels and Suites, Victoria Island, Lagos.

The summit, organised in partnership with the Commonwealth Enterprise and Investment Council (CWEIC), is expected to bring together business leaders, investors, policymakers, and experts from the 56 Commonwealth nations to deepen investment opportunities and strengthen Lagos’ position as Africa’s leading sub-national investment destination.

Speaking during a press conference held on Tuesday at Eko Hotels and Suites, the Co-Chair of the Local Organising Committee and Lagos State Commissioner for Commerce, Cooperatives, Trade and Investment, Folashade Bada Ambrose-Medebem, said the summit would build on the achievements recorded in previous editions with stronger global engagement and clearer implementation strategies.

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According to her, the forum, themed “Lagos: The Business Gateway to Africa – Where Innovation Meets Capital,” will spotlight investment opportunities across critical sectors including infrastructure, industrialisation, agriculture, energy transition, logistics, digital economy, financial services, real estate, and SME development.

Ambrose-Medebem noted that Lagos remains strategically positioned as Africa’s preferred investment hub due to its population of over 23 million people, expanding infrastructure, vibrant innovation ecosystem, growing industrial base, and one of the busiest seaports on the continent.

“Lagos sits at the centre of the African economic story. With a GDP that ranks among the largest city economies in Africa, expanding infrastructure, a vibrant innovation ecosystem, and a growing industrial base, the state remains uniquely positioned for investment, trade, finance, technology, and enterprise development,” she said.

Also speaking, the Co-Chair of the Local Organising Committee and Deputy Chief of Staff to the Lagos State Governor, Sam Egube, disclosed that more than 29 global speakers from different countries and industries had confirmed participation at the summit.

Egube stated that the event would focus on measurable outcomes capable of driving investment deployment across sectors such as technology, healthcare, transportation, infrastructure, energy, environment, and the creative economy.

He added that the summit aligns with the Lagos State Development Plan 2052 and the T.H.E.M.E.S+ agenda of the current administration aimed at accelerating socio-economic growth and strengthening fiscal sustainability in the state.

The organisers disclosed that between 500 and 600 high-level delegates, including innovators, sovereign wealth funds, development finance institutions, multilateral organisations, structured finance experts, trade networks, and senior government officials, are expected to attend the summit.

Among dignitaries confirmed for the event are the Governor of Lagos State, Babajide Sanwo-Olu; Deputy Governor, Kadri Obafemi Hamzat; Minister of Industry, Trade and Investment, Jumoke Oduwole; Chair of CWEIC, Lord Marland; Commonwealth Secretary-General, Shirley Botchwey; Co-Chair of the Lagos Finance and Investment Council, Aig Imoukhuede; Chief Growth and AI Officer, Middle East and Africa, Microsoft, Tomiwa Williams; Managing Director/CEO of First Bank of Nigeria, Olusegun Alebiosu; Managing Director/CEO of Sterling Bank, Abubakar Suleiman; Managing Director/CEO of Lagos Free Zone, Adesuwa Ladoja; Chairman of the Nigeria Sovereign Investment Authority, Segun Ogunsanya; Vice President of Adani Group, Shahzad Athar; and CEO of Benoy, Tom Cartledge.

The Lagos State Government said Invest in Lagos 3.0 is designed to stimulate enterprise growth, expand value chains, strengthen investor confidence, and provide a structured platform for engagement between the private sector and capital providers.