Lagos State Governor, Babajide Sanwo-Olu, has described the commencement of the Luxury Collection Building project by Artee Industries Limited as a strong indication of growing investor confidence in Lagos and its economic future.
The governor made the remarks on Friday while attending the groundbreaking ceremony of the development located on Glover Road in Ikoyi, one of Lagos’ prime commercial and residential districts.
Speaking at the event, Sanwo-Olu noted that the project reflects the trust that local and international investors continue to place in Lagos as a preferred destination for business and investment. He emphasized that the state government remains committed to creating an enabling environment that supports economic growth, attracts investments, and promotes sustainable development.
According to the governor, developments such as the Luxury Collection Building contribute significantly to the state’s economy by creating employment opportunities, stimulating business activities, and enhancing the overall value of the city’s real estate sector.
Sanwo-Olu said his administration has continued to implement policies and infrastructure projects aimed at making Lagos more attractive to investors while improving the quality of life for residents. He added that the state’s strategic position as Nigeria’s commercial hub makes it essential to sustain a business-friendly environment that encourages innovation and expansion.
The governor further stated that every major investment in Lagos translates into direct and indirect benefits for residents through job creation, increased economic activities, and improved urban development.
He expressed optimism that the Luxury Collection Building would become a landmark project upon completion and contribute positively to the growth and transformation of Ikoyi and Lagos as a whole.
Sanwo-Olu congratulated Artee Industries Limited on the milestone and reaffirmed the state government’s readiness to support initiatives that drive economic prosperity and strengthen Lagos’ position as Africa’s leading investment destination.
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