Lagos - Gov. Akinwunmi Ambode of Lagos
State on Wednesday assured investors of safety of their investments in the
Ambode gave the assurance at the Lagos House, Alausa during a visit by the
Ambassador of France to Nigeria, Mr Denys Gauer.
He said that the state was expanding its frontiers to accommodate investors
willing to set up their businesses.
Ambode said that his government had concluded plans on policies and strategies
that would strengthen its economic ties with neighbouring French speaking
countries within the West African region.
“I know that Lagos is also a major commerce city and we have not done enough to
attract bilateral trade and relationship with most of the French speaking
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"So, it gladdens my heart that the Ambassador is here today.
“On our part, we have decided that we are going to expand relationship with our
neighbours and other nations.
"That is why we decided to set up an Office of Overseas Affairs and
Investments to establish a permanent structure that allows us to have good
economic relationship with other nations."
The governor said that he was excited that France was deeply interested in
having more economic presence in the state beyond the 50 companies it already
"I am excited that Tafoo is planning to set up malls in Lagos as quickly
``I am excited that Societe General Bank is coming back and also majority of
the French companies are trying to ensure that they have a place in
Lagos," he said.
Ambode said that the state government would create enabling environment for
investors to thrive, adding that opportunities abound in the area of public
transportation and security.
Earlier, Gauer said that France was interested in Lagos as it was the economic
capital of Nigeria as well as West Africa.
He said that more French companies were considering establishing their presence
in the state as well as partnering the state government on infrastructural
“The French Community in Nigeria, the greatest part of it is in Lagos not in
Abuja and especially our companies are all present here in Lagos.
"We have more than 50 offices of big French companies all established here
in Lagos and more are coming," he said.
Gauer said that the French Development Company was currently partnering the
state in the financing of certain projects, including city planning, public
transportation and waste management.