Sanwo-Olu Welcomes European Bank for Reconstruction and Development (EBRD) MD

Lagos State Governor, Mr. Babajide Sanwo-Olu, recently held a high-profile courtesy visit at Lagos House, Marina. The Governor received Dr. Heike Harmgart, the Managing Director for Sub-Saharan Africa at the European Bank for Reconstruction and Development (EBRD). The meeting signifies the growing partnership between Lagos State and international financial institutions keen on supporting development in the region.

Dr. Harmgart was accompanied by the EBRD Director for Nigeria, Mr. Hamza Al-Assad, reflecting the Bank's strategic focus on the Nigerian market, particularly Lagos, as a major economic hub. The EBRD, known for its investments in infrastructure, sustainable development, and private sector growth, often seeks collaboration with subnational entities like the Lagos State Government.

​The nature of the discussions would typically center on potential areas of mutual interest. This often includes financing for key infrastructure projects, support for the local private sector, and initiatives aligning with the state's economic agenda. Such engagements are crucial for attracting foreign direct investment and technical expertise necessary for large-scale urban development.

​Governor Sanwo-Olu's consistent engagement with global partners underscores his administration's commitment to the "THEMES Plus" Agenda, which relies on strategic partnerships to achieve its goals of economic stability and inclusive growth. Securing support from institutions like the EBRD can provide the financial muscle needed to execute critical projects in transportation, energy, and urban resilience.

Ultimately, the courtesy visit serves as an affirmation of Lagos State's status as a viable partner for international development finance. It sets the stage for future collaborations that will likely result in tangible benefits for the citizens of Lagos through enhanced infrastructure and economic opportunities.