The Lagos State government has announced plans to attract $2.5 billion in local and foreign investments, alongside over 600 high-profile delegates, at the upcoming Invest Lagos 3.0 Summit. The event is designed to convene major global business leaders to boost the state's economy.
Commissioner Reveals Details
Mrs Folashade Bada Ambrose-Medebem, the Commissioner for Commerce, Cooperatives, Trade and Investment, disclosed this during the ongoing 2026 ministerial press briefing marking the third year of Governor Babajide Sanwo-Olu's second term. She described the Invest in Lagos 3.0 Summit as the pinnacle of the governor's investment promotion programme.
Summit Theme and Goals
The summit, themed “The Business Gateway to Africa,” will be held at the Convention Centre, Eko Hotels and Suites, Victoria Island, from 8th to 10th June 2026. According to the commissioner, the summit aims to close deals across key sectors of the Lagos economy while positioning the state as a leading subnational gateway for capital flows, trade integration, financial innovation, and infrastructure development.
“Through our partnership with the Commonwealth Enterprise and Investment Council (CWEIC), the summit is focused on delivering high-impact deals, sustainable development, and infrastructure financing totalling $2.5 billion, serving as a pre-event to the Africa Social Impact Summit (ASIS 2025),” Ambrose-Medebem stated.
Alignment with Development Plans
The summit aligns with the Lagos State Development Plan (LSDP 2052) and the Industrial Policy (2025–2030), aimed at enhancing Lagos's status as an industrial hub. The commissioner noted that the state is engaging investors across Europe and beyond, expecting over 600 high-profile delegates, including leaders of nations, Nigerian state governors, heads of international finance and multilateral agencies, captains of industry, and angel investors.
MSME Empowerment Initiatives
Ambrose-Medebem highlighted that the ministry has implemented impactful policies and programmes to facilitate an enabling business environment. These include the Lagos State Export Readiness Programme (LASERP), a six-week intensive training for 253 MSMEs in collaboration with Afreximbank and ImpactHER. The programme focused on standardisation, digital and brand transformation, and customised digital export marketing strategies.
“Out of the total, 20 outstanding trainees were designated as our trade champions and fully sponsored by the state to showcase the best of Made in Lagos products at the Intra-Africa Trade Fairs (IATF) held in Algiers in September 2025,” she added.
Access to Finance
On 12th May 2026, the ministry onboarded accelerators for the Lagos State Access to Finance for MSMEs through Cooperatives programme, setting the stage for statewide media campaigns inviting applications from cooperative-based MSMEs.
Additionally, the Lagos State Industrial Policy (LSIP) 2025-2030 was recently delivered to transform the state's industrial sector and position Lagos as Africa's manufacturing hub.
Commitment to Economic Transformation
The commissioner reaffirmed the Sanwo-Olu administration's unwavering commitment to economic transformation, noting that the initiatives reflect deliberate progress in strengthening the state's trade ecosystem, empowering MSMEs, revitalising cooperative structures, and expanding opportunities across formal and informal markets.
