Singaporean investors in Lagos

October 14, 2009
Singapore Democrats

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Afrique en ligne

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.

http://www.afriquejet.com/news/africa-news/singaporean-investors-in-lagos-2009101336322.html