Lagos Partners with Commonwealth to Attract Billions As Invest Lagos 3.0 Set for 2026

By Love Oyedokun

Lagos, Nigeria – Lagos State Governor Babajide Sanwo-Olu has officially announced the Invest in Lagos Summit 3.0, a strategic initiative designed to solidify Lagos’ position as a leading destination for global investment in Africa. The summit, scheduled for June 9th and 10th, 2026, will be held in partnership with the Commonwealth Enterprise and Investment Council (CWEIC), a move aimed at leveraging the Commonwealth’s vast network to attract significant capital inflows.

 Cablenews24 reports that while speaking at a press conference held at Lagos House, Marina, Governor Sanwo-Olu emphasized the summit’s ambitious goals. “Our ambition is clear,” he stated. “Lagos must not only attract capital, but it must also structure capital. It must not only host investment conversations, but it must also convert them into deployable pipelines.” He highlighted that Invest Lagos 3.0 directly aligns with the state’s long-term development priorities, as outlined in the T.H.E.M.E.S+ Development Agenda and the Lagos State Development Plan 2052.

The Governor explained that the previous two editions of the summit, Invest Lagos 1.0 and 2.0, have successfully strengthened Lagos’ global investment visibility, fostered structured engagement with capital providers, and deepened strategic discussions around bankable projects across key sectors. This year’s summit aims to build upon this foundation by partnering with CWEIC, a globally recognized institution that connects governments, private sector leaders, and capital networks across the Commonwealth of Nations.

“With this expanded collaboration, we are strengthening our capacity to mobilize global capital, deepen cross-border trade relationships, and position Lagos State as a premier destination for large-scale, transformative investment,” Sanwo-Olu asserted. He emphasized that the partnership reflects a shared commitment to structured capital mobilization, disciplined project presentation, and measurable transaction outcomes.

Beyond simply attracting investment, the summit is strategically designed to drive sustained private sector investment that expands Lagos State’s Gross Domestic Product (GDP) and strengthens its Internally Generated Revenue (IGR). The Governor explained that structured investment inflows into productive sectors will generate output, stimulate enterprise growth, deepen value chains, broaden the tax base, and reinforce fiscal sustainability. Invest Lagos 3.0 is therefore positioned not merely as a convening platform, but as an economic growth acceleration mechanism.

“Let me state clearly: Invest Lagos 3.0 is not a ceremonial gathering. It is a transaction-focused investment platform built for capital alignment and project conversion,” Sanwo-Olu declared. “Its architecture is intentional. Its processes are structured. Its outcomes are measurable. Every element of the Summit has been carefully designed to support disciplined engagement between project sponsors and capital providers.”

The Governor outlined the key areas where the state is actively seeking investment, including scaling transport infrastructure across road and rail corridors, strengthening logistics and port connectivity, investing in renewable energy systems, expanding digital infrastructure, accelerating housing development, deepening healthcare delivery systems, and building industrial growth corridors that connect production to markets.

This year’s Summit is expected to draw between 500 and 600 high-level delegates, including global institutional investors, sovereign wealth entities, development finance institutions, multinational corporations, structured finance specialists, trade networks across the Commonwealth, and senior public sector leaders from multiple jurisdictions. This gathering will represent a concentrated assembly of capital, policy influence, and strategic investment interest focused on a single African subnational economy.

Samantha Cohen, CEO of CWEIC, echoed Governor Sanwo-Olu’s enthusiasm, describing Lagos as “the most important city in Africa and Nigeria, about the strongest business network outside the UK.” She emphasized the importance of the partnership, stating, “Lagos has built something exceptional as a CWEIC partner. The State investment programme enables trade facilitation, and we will be glad to showcase what Lagos has to offer as we jointly deliver a summit where policy meets capital.”

Cohen highlighted CWEIC’s ability to bring international investors to Lagos through its Commonwealth Private sector hub, which spans 56 countries and includes 25 partners in Nigeria. “We are indeed deeply grateful for trust and partnership,” she concluded.

Earlier in the press conference, Mrs. Folashade Bada-Ambrose, Commissioner for Commerce, Cooperatives, Trade, and Investment, emphasized the increasing competition among subnational governments for global capital. “Investment competition now extends beyond national positioning. Subnational governments like Lagos now compete directly by differentiating themselves through governance quality, policy coherence, and transaction ecosystem strength,” she explained.

The Commissioner stressed that Lagos recognizes this shift and has positioned itself to compete effectively. “Our objective is not merely to attract capital for visibility purposes. It is to mobilize structured private sector investment that translates into increased productive capacity, expanded Gross Domestic Product, strengthened Internally Generated Revenue, and sustained fiscal resilience for Lagos State and Nigeria.”

Invest Lagos 3.0 is designed to produce measurable and documented results, including signed Memoranda of Understanding (MOUs), announced investment commitments, defined capital deployment timelines, publication of an official Summit Communiqué, strengthened global positioning of Lagos as a premier investment destination, and the establishment of a post-summit investment tracking and conversion framework to ensure continuity, accountability, and execution discipline. The summit represents a significant step towards transforming Lagos into a leading economic hub on the African continent.

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