Lagos Hosts Invest Lagos 3.0, Targeting $2.5 Billion and N4 Trillion in New Investment
Updated
Updated · Punch Newspapers · Jun 22
Lagos Hosts Invest Lagos 3.0, Targeting $2.5 Billion and N4 Trillion in New Investment
1 articles · Updated · Punch Newspapers · Jun 22
Summary
June 8-9's Invest Lagos 3.0 brought Lagos State and the Commonwealth Enterprise and Investment Council together to seek more than $2.5 billion and N4 trillion in local and foreign investment.
The forum was pitched as a gateway-to-Africa event, but the report argues investment targets alone are too narrow for Nigeria's economy unless they translate into measurable job creation and higher output.
Nigeria's broader policy debate frames that criticism: the federal government is pursuing a $1 trillion economy goal while unemployment, weak productivity, high borrowing costs and infrastructure gaps still weigh on growth.
The report says states should tie investment drives to sector-specific industrial plans and power supply improvements, arguing manufacturing-led expansion would deliver jobs, tax revenue and more durable development.