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Lagos Investment Destination Gains Global Attention as Obasa Hosts Chinese Delegation

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Investment Destination

Speaker Obasa declares Lagos Africa’s top investment destination during a diplomatic visit by China’s Guangxi Province delegation

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Lagos investment destination status was boldly reaffirmed by Speaker of the Lagos State House of Assembly, Rt. Hon. (Dr.) Mudashiru Obasa, as he hosted a high-level delegation from Guangxi Province, China, led by Zhang Xiaoqin, Vice Chairman of the Standing Committee of the Guangxi People’s Congress.

Also read: New Lagos Leather Hub Poised to Transform Local Industry, Global Exports, Says Obasa

Speaking at the Assembly complex on Monday, Speaker Obasa described Lagos as Africa’s foremost business hub, backed by a $260 billion GDP, a 20-million-strong population, and a status as West Africa’s maritime gateway.

“Lagos is more than a city – it is a vision of progress,” Obasa said.

“We have enabling laws, a huge population, and a vibrant economy. It’s the best place to invest in Africa.”

The delegation’s visit, Obasa said, is a watershed moment for bilateral ties between Nigeria and China, with Lagos positioned at the centre of future collaboration in infrastructure, trade, tourism, and legislative cooperation.

He referenced the existing Lagos-China infrastructure partnerships, including the CCECC-led Red and Blue Rail lines, as proof of the state’s openness to strategic global investments.

“We are ready for more collaboration. Lawmaking is the bedrock of progress, and we will align our laws with global best practices for win-win outcomes,” Obasa added.

Guangxi Vice Chairman Zhang Xiaoqin praised Lagos as a “vibrant economic ecosystem,” noting its similarities with Guangxi in maritime strength and trade corridors.

“This visit is a foundation for enduring friendship,” Xiaoqin said.

“We look forward to enhancing cooperation in economy, trade, and tourism. We also hope for more care for Chinese citizens in Lagos.”

Guangxi Province, which borders Vietnam and connects to ASEAN trade routes, shares synergies with Lagos in port logistics, agriculture, and tourism.

Its interest is aligned with China’s Belt and Road Initiative, with Lagos poised to play a crucial role.

For Speaker Obasa, the meeting was not just diplomatic — it was symbolic of Lagos’s legislative evolution and global vision.

He pledged continued legislative support to foster sustainable development, welcoming ideas that harness Lagos’s full potential in tourism, infrastructure, and technology.

Also read: Obasa Commends N500Billion ‘Produce For Lagos’ Initiative, Reaffirms Assembly’s Support

“Our Assembly is ready to work with global partners, like Guangxi, to shape a prosperous future for Lagos and for Africa.”

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Economy

Governor Dauda Lawal woos investors, highlights Zamfara’s economic opportunities at CEO Forum

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Zamfara State Governor, Dauda Lawal, has called for stronger collaboration between government, businesses and investors to unlock private capital and drive inclusive economic growth in the state.

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Lawal made the call while delivering a Special Policy Address at the 2026 CEO Forum organised by the Global Compact Network Nigeria in Lagos.

The forum, held under the theme “Financing a Dignified Future: Aligning Business Action, Policy and Capital,” brought together chief executives, senior government officials, industry leaders, diplomats, trade commissioners and international development partners.

Participants were drawn from key sectors of the economy, including oil and gas, energy, manufacturing, construction and infrastructure.

The governor spoke on the growing competition among states for increasingly selective private capital and the factors that could transform an economic opportunity into an investable proposition.

He explained how his administration was working to bridge the gap between available economic opportunities and investment, with emphasis on building investor confidence while ensuring that investments deliver meaningful outcomes for the people of Zamfara.

According to him, attracting investment requires more than identifying economic opportunities, but also creating the conditions, policies and partnerships capable of giving investors confidence to commit capital.

The forum provided a platform for business leaders, government officials and investors to examine ways of aligning business strategies, public policies and capital deployment to unlock productive investment.

Discussions also focused on identifying businesses, sectors and projects with strong potential but facing difficulties in accessing financing, as well as measures to make such opportunities more attractive to investors.

The organisers also introduced the concept of the “Dignity Dividend,” examining how investment-led growth could translate into better jobs, stronger businesses, increased productivity, local value creation and broader economic participation.

Another key component of the forum was the identification of actionable commitments and partnerships that participating institutions could advance over the next six to 12 months.

Notable speakers at the event included chief executives of First Bank Group, Access Bank, Flour Mills of Nigeria Plc, Nigeria Economic Summit Group, Nigerian Exchange Group, Chellarams Plc, SecureID Group and Greenwich Merchant Bank Plc, among others.

The organisers said the session would culminate in a live showcase of the Business Value and Sustainability Platform (BVSP), described as a standing coalition of business, capital and policy actors designed to sustain the dialogue.

The platform is also expected to contribute to shaping Nigeria’s private-sector engagement during the United Nations General Assembly High-Level Week.

The governor’s participation in the forum comes as Zamfara seeks to strengthen its economic base, attract productive investment and create opportunities that can support sustainable livelihoods and wider participation in the state’s economy.

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Economy

Fuel subsidy debate: Between economic reform and political expediency

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Atiku petrol subsidy plans have reignited Nigeria’s 2027 debate as the ADC candidate promises relief while the Presidency demands clarity

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Economy

Lawal Strengthens Zamfara Judiciary With ₦600m Support

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The governor distributed official vehicles to judicial officers and said about 90 per cent of court rehabilitation projects across the state had been completed

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