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Singaporean investors in Lagos
Ikeja, Nigeria - Some 30 Singaporean investors have visited Nigeria's
economic capital city of Lagos to explore investment opportunities.
The investors, who met with Lagos State Governor Babatunde Fashola here
Monday, are from the Chinese Chambers of Commerce and Singaporean
Business Corporation, regarded as the most influential in Asia.
Fashola informed the investors, who were led by the Singaporean
Minister of State for Trade, Commerce and Manpower, Mr Lee Yi Shyan,
that Nigeria and Lagos in particular remained investors' first
destination of choice.
``The continent of Africa provides the raw materials for industrial
growth in the (other) continents of the world and the future of their
economy depends largely on what happens on the African continent.
``In that wise, there is no country that can provide greater impact on
the African continent than Nigeria, the most populous country in Africa
with Lagos being the most conducive for it,' he said.
Fashola told the delegation that their business investments stood the
benefit of expanding in all frontiers if they are located in Lagos, and
encouraged them to attend the 2010 economic summit called 'Ehingbeti
Summit' so they could obtain necessary technical, cultural and business
information about Lagos state.
The Governor implored them to expedite action on replicating the
success they recorded in their water systems delivery in Lagos state,
while urging Singaporean experts studying the power generation proposal
on Lagos to concretise it and make it the first real d evelopment issue
between Lagos and Singapore.
In his response, the Singaporean Minister of State commended the
achievements of the Fashola's administration since his assumption of
over two years ago, which he said was based on being visionary.
``We will encourage our business delegations to come to Lagos, stay
here, study the situations and come up with suggestions on areas where
we can both cooperate,'' the Minister said, while extending a formal
invitation to Gov. Fashola to attend the World City Project in June
2010 in Singapore to speak on his vision for Lagos State.
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