Our mission is to enhance the ease of doing business in Lagos.
The Office of Overseas Affairs and Investment, popularly called ‘Lagos Global’, was created by His Excellency, Mr Akinwunmi Ambode, the Governor of Lagos State, in May 2015 in fulfillment of one of his election campaign promises. Lagos Global is a one-stop shop for promoting and dealing with all domestic and foreign investments in Lagos, as well as for managing Lagos overseas affairs.
Lagos Global aims to ensure that investors who desire to invest in Lagos enjoy a seamless and hurdle-free experience. At Lagos Global, we aim to provide a first-class service delivery to investors, right from the point of initial enquiry down to the setting up and running of businesses in Lagos State. Our goal is to eliminate difficulties associated with multi-agency handling of investments.
From immigration, documentation, land and property acquisition for business and related purposes, taxes, levies, custom and excise, to bilateral/multilateral consultations, intergovernmental and interorganizational relations, Lagos Global will afford all domestic and foreign investors, and all foreigners who have dealings with Lagos State the best possible platform for engagement. Lagos Global will promote Lagos’ investment opportunities in developed and emerging economies worldwide.
At Lagos Global, our vision is to make Lagos the most desirable investment destination in the world. Our mission is to enhance the ease of doing business in Lagos.
Prof. Ademola Abass
Special Adviser to the Governor
Office of Overseas Affairs & Investment
“AT LAGOS GLOBAL, OUR VISION IS TO MAKE LAGOS THE MOST DESIRABLE INVESTMENT DESTINATION IN THE WORLD.”
About Lagos State
A GLOBAL HUB OF INTERNATIONAL BUSINESS AND COMMERCE
“THE GDP OF THE FORMAL ECONOMY OF LAGOS IS ESTIMATED TO BE $136.6 BILLION CONTRIBUTING 25% TO THE GDP OF NIGERIA AS AT AUGUST 2015”
Lagos State was created on May 27, 1967 and became the federal capital of Nigeria on April 11, 1968. It remained the capital until 1991 when the government seat was moved to the Federal Capital Territory, Abuja. In spite of the movement of the capital to Abuja, Lagos still remains the commercial capital of the country and the economic hub of West Africa t0 date.
The Third Mainland Bridge which measures 11.8km is the longest bridge in West Africa and the second longest in Africa.
The name Lagos means “Lakes”. It was named by Rui de Sequeira, a Portuguese explorer in 1472. Lagos originally called Eko, stems from either Oko (Yoruba: “cassava farm”) or Eko (“war camp”), by its Bini conquerors.
Conquering Lagos in one visit is impossible – the National Museum, Lekki Conservation Centre, Eyo Festival, Lagos Marathon, National Arts Theatre, Third Mainland Bridge – and then exploring visits to The African Shrine or one of the city’s beaches. The ever bustling marketplace Balogun in Lagos Mainland gives you a literal taste of the best the city has to offer.
As the most populous city in Nigeria and a global hub of international business and commerce, Lagos is one of three “command centers” for the African economy (along with Johannesburg and Nairobi).
The GDP of the formal economy of Lagos is estimated to be $136.6 billion contributing 25% to the GDP of Nigeria as at August 2015. The GDP has an estimated growth rate of 10% and it is expected that by 2025 the GDP will be $355billion.
The state’s contribution can be attributed to the following factors:
Law Investment by bothe local and foreign investors
Sound fiscal policies by the state government
Favourable business and economic conditions
Its prime location in West Africa, serving as an access point to many other markets in Africa
Lagos State is home to a multitude of multinational companies because of its favourable economic conditions and vast population. This combination provides a large market for any product or service that is launched in the state.
ABOUT LAGOS GLOBAL
Creating an enabling environment for global investment & competitiveness
To make Lagos the most desirable investment destination in the world.
To enhance the ease of doing business in Lagos.
Our Core Values
- Team Spirit
Lagos State fosters a conducive environment that allows businesses to thrive
Approximately 60% of industrial investments in Nigeria come into Lagos State and about 90% of companies in Nigeria across most industries have chosen to locate their headquarters in Lagos, Nigeria.
In light of this facts and a host of other investor friendly facts, His Excellency, The Governor of Lagos State, Mr Akinwumi Ambode at his inauguration as the 14th Governor of Lagos State pronounced the creation of the Office of Overseas Affairs and investment (Lagos Global).
Lagos Global is established and tasked with delivering on the mandate to create an enabling environment for global competitiveness and promote inward and outward Foreign Direct Investment in Lagos State.
Our Mandate includes:
» Investment Promotion
» Identification and promotion of genuine and specific Foreign Direct Investment into Lagos States economy
» Promotion of Exports
» Identification of Foreign markets for goods and services
» Promotion of Inter- Ecowas Commerce
» Enhance the global perception of Lagos State as a place to conduct business and live in
» Initiate, formulate and evaluate policies relating to the promotion of inward and outward investments in Lagos State.
» Liaise with Lagos State MDAs to maximise and promote Lagos State export potentials, especially Ministry of Information and Ministry of Commerce and Industry
» Liaise with The Federal Ministry of Foreign Affairs and other relevant Ministries and Agencies in promoting investments into Lagos State.
» Liaison with The Federal Ministry of Commerce and relevant Agencies on Trade Promotion and Facilitation.
Interested In Lagos?
Governor’s Office, Lagos House Ikeja
3rd Floor Administrative Building