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LASG mulls Sovereign Investment Fund

The Lagos State governor, Babajide Sanwo-Olu, has said that the state is planning to establish a Sovereign Investment Fund for strategic investments into the future.

Governor Sanwo-Olu spoke during a courtesy visit by the executive management of the Nigeria Sovereign Investment Authority (NSIA), led by its managing director/chief executive officer, Aminu Umar-Sadiq at the Lagos House, Marina.

The governor charged the Nigeria Sovereign Investment Authority to consider investing in the Lekki Airport, Rail, Film City and Food Logistics hub projects of the Lagos State Government.

He said: “We, as a subnational, are planning to set up a Sovereign Investment Fund, and it is not out of place because we also realised that the Sovereign Fund is critical.”

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