Sanwo-Olu Seeks Global Investments at Commonwealth Summit in London

Temitope Adebayo

The Governor of Lagos State, Babajide Sanwo-Olu, has called on member nations of the Commonwealth of Nations to channel investments into Africa, with a strong focus on Lagos, by bringing capital, technology, and expertise to drive growth and development.

Speaking as a keynote speaker at the Commonwealth Trade and Investment Summit held at Mansion House, the governor emphasized that Lagos offers not only a vast market but also long-term partnerships for global investors.
Sanwo-Olu highlighted that the Commonwealth’s greatest strength lies in its people rather than shared language, laws, or history, noting that Africa represents the most dynamic expression of that advantage. He stressed that for the Commonwealth to remain relevant in global trade, Africa must play a central role.

“Africa is home to the world’s youngest population, and by 2050, one in four people globally will be African,” he said, adding that Lagos is positioned as a key hub within that growth narrative.
Addressing global economic challenges such as geopolitical uncertainty and trade barriers, the governor described the Commonwealth as a trusted network built on shared commitments to the rule of law, democratic governance, and open markets.

He urged member states to treat emerging markets as equal partners rather than passive recipients of investment, while expressing support for initiatives like the African Continental Free Trade Area, which aims to create the world’s largest single market.
Sanwo-Olu also showcased Lagos State’s ongoing infrastructure investments, including rail systems, ports, airports, and digital frameworks designed to attract international capital.

Highlighting achievements under his administration’s THEMES+ agenda, he noted that Lagos contributes about one-third of Nigeria’s GDP and continues to evolve into a modern megacity. He cited key projects such as the operational Blue and Red Line rail systems, improvements in healthcare infrastructure, and digital reforms in governance.

The governor further announced that Lagos will host the “Invest in Lagos 3.0” summit on June 8 and 9 at Eko Hotels & Suites, in partnership with the Commonwealth Enterprise and Investment Council.

According to him, the summit will serve as a major platform to connect Lagos with international investors, showcasing bankable opportunities across sectors and strengthening its position within the global investment landscape.

Also speaking at the event, Lagos State Commissioner for Commerce, Trade, Cooperatives and Investment, Folashade Ambrose-Medebem, outlined strategies for mobilising capital and fostering sustainable economic growth in emerging markets.