No better place to invest in Africa than Lagos – Speaker Obasa

Published on August 26, 2025 at 12:57 PM
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The Speaker of Lagos State House of Assembly, Mudashiru Obasa, has declared that there is no better place to invest in Africa than Lagos.

Obasa explained that the state has the population and enabling laws for ease of doing business.

He said that for these reasons, Lagos is the best place to invest in Africa.

Obasa spoke in a statement made available to DAILY POST on Tuesday.

He spoke when he hosted a delegation from China’s Guangxi Province, led Vice Chairman of Standing Committee of the Guangxi People’s Congress, Zhang Xiaoqin.

Obasa while addressing the gathering explained that Lagos can boast of a population of 200 million people.

The Speaker while speaking further, lauded the delegation’s expression of interest in deepening bilateral ties between Nigeria and China, with Lagos as a focal point.

He said that this underscores the state’s growing geopolitical clout as Africa’s fifth-largest economy and a hub of innovation, commerce, and cultural dynamism.

Obasa said, “Lagos is more than a city – it is a vision of progress. Lagos is the best place to invest in Africa because we have the population and the enabling laws for ease of doing business.

“Our economy is huge and vibrant, one of the biggest in Africa. Whatever you invest here, you will recoup your investment. In the area of tourism, we are still expanding, and every idea is welcome to make us harness our potential.”

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