Lagos intensifies campaign to become Africa's gateway for global investment
via Punch Nigeria3 min read
Lagos is intensifying its efforts to position itself as Africa's leading destination for global capital, with President Bola Tinubu, represented by Vice President Kashim Shettima, declaring the state an emerging gateway to international wealth, investment, and enterprise. Speaking at Invest Lagos 2026, Shettima stated that Lagos has evolved into a strategic hub for investors seeking access to Africa’s expanding markets, attributing its appeal to deliberate economic policies, strong institutions, and a favorable business environment. He added that Nigeria possesses the demographic advantage, entrepreneurial capacity, and economic potential to rank among the world's largest economies by 2050 with sustained investments. Governor Babajide Sanwo-Olu affirmed Lagos's focus on building a resilient economy through infrastructure expansion, regulatory reforms, and support for innovation. Commonwealth Secretary-General Shirley Botchwey highlighted Lagos as a city well-positioned to meet investors' increasing focus on trust, talent, regulatory certainty, and long-term growth potential, citing Nigerian technology companies like Flutterwave, Paystack, and OPay as proof of its capacity. She also emphasized the Commonwealth's economic advantage and the need for reliable electricity, efficient logistics, improved security, and skills development. Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, noted that ongoing fiscal and tax reforms are improving investor confi
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Former Super Eagles coach Stephen Keshi will be inscribed on the Nigerian Institute of International Affairs Sports Diplomacy Wall of Fame, recognizing his contributions to Nigerian football. This was confirmed by former Super Eagles captain Segun Odegbami during a memorial lecture in Lagos. The NIIA Sports Diplomacy Wall of Fame is a national monument established by the Federal Government to immortalize Nigerians who have significantly contributed to Nigeria’s international politics and diplomatic objectives through sports. Keshi's role in advancing Nigeria's foreign relations through football will be acknowledged at a ceremony on July 28, one day before the 10th anniversary of his burial. The event also marks three years since the monument was erected within the NIIA premises in Lagos, with sponsorship from Dr Allen Onyema and Air Peace. Odegbami stated that Keshi, a former Nigerian Green Eagles captain and national team coach, has been deemed worthy by the NIIA. Keshi played and captained the Nigerian national football team, coached Nigeria to an African Cup victory, and led Togo to the FIFA World Cup. He also assisted a generation of Nigerian and African football players in transitioning to professional ranks in Europe. Keshi, who died on June 7, 2016, at 54, won the Africa Cup of Nations as both captain in 1994 and coach in 2013, and led Nigeria to the 2014 FIFA World Cup. He was named CAF Coach of the Year twice, in 2005 and 2013.
Professor Funso Afolabi, Chairman of the Governing Council of Yaba College of Technology, stated that Nigeria's tertiary institutions possess the capacity to develop innovative security technologies and community-based solutions for the nation's security challenges. Speaking during a visit by the Oluyin of Iyin-Ekiti Kingdom, Oba Adeola Ajakaiye, Afolabi emphasized that universities and polytechnics have the intellectual resources and research capabilities to create homegrown technological solutions supporting national security objectives. He advocated for a national policy framework to strengthen collaboration among tertiary institutions, traditional institutions, and local communities, noting that modern traditional rulers are critical stakeholders in education, security, and economic development. Afolabi also highlighted the importance of increased investment in technical and vocational education to address unemployment and skills deficits. The Oluyin of Iyin-Ekiti, Oba Adeola Ajakaiye, described his visit as a strategic engagement aimed at fostering developmental outcomes, expressing optimism that YABATECH's expertise could contribute to indigenous security solutions. The Rector of YABATECH, Dr. Ibraheem Abdul, reaffirmed the college's commitment to empowering young Nigerians, especially girls, through entrepreneurship and skills acquisition programs.
Former Super Eagles striker Obafemi Martins has expressed confidence that outstanding players from the inaugural Italian Consulate General U-20 Cup in Lagos possess the skills for Serie A careers. Martins, who played for Inter Milan and Newcastle United, served as an ambassador for the tournament and pledged to use his connections to link top talents with European clubs. The six-day competition, held from June 2-7 at Mobolaji Johnson Stadium, was organized by the Italian Consulate General in Lagos to identify youth talent and foster cultural exchange between Nigeria and Italy. Eight teams, including Okaka FC, Plateau United, Bendel Insurance, and 36 Lions FC, participated. Tournament organizer Emmanuel Omijeh noted that the quality of players exceeded expectations, making the selection of 20 prospects for a trip to Italy challenging from 40 scouted stars. Italian Consul General Ugo Bani and former Super Eagles midfielder Christian Obodo, who also had a distinguished Serie A career, praised the tournament's success and the high standard of play. Tournament technical director Ken Enofe and chairman Kofo Williams also commended the talent on display, acknowledging the need for further coaching. The winning team and selected standout players will travel to Italy for trials with the goal of securing professional contracts.