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Singaporean investors in
Lagos
Ikeja, Nigeria - 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.
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