Sanwo-Olu: Lagos Open For New Investments, Ready For Business

Lagos State Governor, Mr. Babajide Sanwo-Olu, on Monday reiterated his administration’s commitment to investments from local and international companies, saying Lagos is ready for business and open to new investments.

Chairman of Daewoo Engineering & Construction Nigeria Limited, Mr. Jung won Ju receiving a souvenir from Governor of Lagos State, Mr. Babajide Sanwo-Olu during a courtesy visit at the Lagos House, Alausa, Ikeja, on Monday, 20 November 2023.

The Governor spoke during a courtesy visit by the management of the Daewoo Engineering and Construction Nigeria Limited, led by its Group Chairman, Mr. Jung Won Ju, at the Lagos House, Ikeja.

Governor Sanwo-Olu assured investors that his administration will create an enabling environment for investments and businesses to grow in the State. He said the Lagos State Government is ready and willing to partner with Daewoo Engineering and Construction Nigeria Limited in automobile, real estate and technology.

General Manager, Daewoo Nigeria, Mr. Jung Hwa Hong; the Managing Director, Mr. Taewon Jung; Executive Vice President, Daewoo Engineering & Construction Nigeria Limited, Mr. Seung Han; Group Chairman, Mr. Jung won Ju; Governor of Lagos State, Mr. Babajide Sanwo-Olu; his Special Adviser on Housing, Mrs. Barakat Odunuga-Bakare; Commissioner for Housing, Mr. Moruf Akinderu-Fatai and others, during a courtesy visit at the Lagos House, Alausa, Ikeja, on Monday, 20 November 2023.

He said: “The relationship between South Korea and Nigeria dates back several decades and we all know how the Daewoo Industry is worldwide. We are aware of your strength and capacity. Lagos is ready for business and it is open for new investments. I know Daewoo Nigeria has been here for a while but this is an opportunity for you to take that relationship to another level.

“So, on this your visit, don’t let it just be a visit to show; let it be a visit of commitment and real partnership. Let it be a visit where there will be real transactions on the table that both of us can take away.

Governor of Lagos State, Mr. Babajide Sanwo-Olu, making his remark, Chairman of Daewoo Engineering & Construction Nigeria Limited, Mr. Jung won Ju; Managing Director of Daewoo Nigeria, Mr. Yeon Jung during a courtesy visit at the Lagos House, Alausa, Ikeja, on Monday, 20 November 2023.

“We are here to create the enabling environment for investments and businesses to grow. So, whatever you need from our side for your investments within our means, you can be rest assured that we are willing to do it for as long as we see a mutually beneficial relationship.

“Our city is open. We are ready and willing to create that partnership with you in automobile, real estate and technology because we have a very strong and capable youth population that is dynamic. They are very professional and they are ready to work.”

Governor of Lagos State, Mr. Babajide Sanwo-Olu; Chairman of Daewoo Engineering & Construction Nigeria Limited, Mr. Jung won Ju; Managing Director of Daewoo Nigeria, Mr. Yeon Jung; Senior Manager, Mr. Amos Bitrus; General Manager, Mr. Ilesanmi Adekunle and the Executive Vice President, Daewoo Engineering & Construction Nigeria Limited, Mr. Seung Han, during a courtesy visit at the Lagos House, Alausa, Ikeja, on Monday, 20 November 2023.

Speaking earlier, Mr. Jung Won Ju, said his company will be investing in real estate and infrastructure in Nigeria, saying Lagos has been identified as one of the major investment areas because Lagos is the economic capital of Nigeria.

Also speaking, the General Manager, Contract and Business Development of Daewoo Engineering and Construction Nigeria Limited, Mr. Adekunle Ilesanmi, commended Lagos State for accommodating a lot of investments and providing an enabling environment for returns on investments.

He said: “We are going to be investing in housing, real esta