Lagos to London: Sanwo-Olu's Four-Point Trade Plan at NBCC
Last update: October 28, 2026
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Lagos isn't just open for business — it's building the runway. That's the message Gov. Babajide Sanwo-Olu took to the Nigerian British Chamber of Commerce on Wednesdays 28th October, 2026.
Listen, if you were at the NBCC House in Lagos on Wednesday, 28th October 2026, you felt it — that end-of-tenure energy. Gov. Babajide Sanwo-Olu, who has just 500-odd days left before he bows out on 29th May 2027, didn't come to give a farewell speech. He came to sell Lagos' future.
Represented by his Deputy, Dr Obafemi Hamzat, the Governor told British and Nigerian business leaders exactly what his administration has delivered and where Lagos is headed next.
And for anyone doing business between London and Lagos, it matters.
The Deliverables — So What Has Actually Been Done?
This isn't just PowerPoint. Sanwo-Olu has been counting down publicly. At the 2026 Lagos Thanksgiving at TBS, he said 2026 would be "a year of extraordinary significance" — commissioning mode.
He reeled off:
* The THEMES+ Agenda in action — from the Blue Line Rail to massive fibre-optic rollout to keep Lagos, Africa's tech capital, actually connected.
* The 500-hectare Food Logistics Hub in Ketu-Ereyun, Epe — billed as the largest in sub-Saharan Africa, now 70% complete, designed to cut post-harvest losses by 45% and move Lagos from 20% to 40% food sufficiency.
* The Imota Rice Mill — 2.5 million bags annual capacity, over 2,000 jobs created.
* PPP Pipeline — his standing invitation to British investors, first made at an NBCC webinar: come and build convention centres, roads, health infrastructure with us.
The Future — His Four-Point Strategy for You
Here is the meat of the NBCC address, as captured by cbinewstv.com:
1. Diversify exports through SME support. Less oil, more made-in-Lagos. Think fintech apps, fashion, processed foods.
2. Create a Lagos-based UK-Nigeria Investment Council. A proper deal table, domiciled in Lagos, to resolve trade barriers — something the British Deputy High Commissioner said both governments are already working on.
3. Enhance innovation partnerships in fintech, health tech and climate tech. Lagos is already ranked as Africa's top startup city. Sanwo-Olu wants British capital to build with Africa, not just for Africa.
4. Strengthen sustainable infrastructure to drive trade and job creation. Ports, power, warehousing — the boring stuff that makes business work.
British Chambers Chair Sarah Howard called it "a pivotal time" for both countries. Fashola, in his blunt style, reminded everyone: "Humans are the only obstacle to increasing trade."
Strip away the £ billions and it's about that trader in Computer Village who wants to export phone accessories to Birmingham, or the young climate-tech founder in Yaba who needs a UK partner to scale. Sanwo-Olu's point was simple: use NBCC as your launchpad. Lagos gives you 24 million people, 70% under 35, and a port that handles over 70% of Nigeria's imports. The UK gives you market access through the Developing Countries Trading Scheme, which allows over 90% of Nigerian goods duty-free.
Why It Matters:
Lagos is at a handover moment. Sanwo-Olu is finishing his second term. His deputy, Hamzat, is now running on a continuity ticket called "My Lagos Dream" — keeping Lagos as Africa's leading commercial hub.
The bigger play is Lagos Development Plan 2052 — a 30-year, 400+ initiative masterplan to turn Lagos into a true megacity. Whoever wins in 2027 inherits that document. Sanwo-Olu is trying to lock in British business before he leaves, so the plan survives politics.
Historically, NBCC has been the quiet engine behind MTN, Shoprite, BAT and other UK-linked investments. With global supply chains shifting from globalisation to "friend-shoring" and "near-shoring" — as Afreximbank's Oramah warned — this chamber with access to 52 Commonwealth chambers worth a combined $200 trillion could be Lagos' best hedge.
What Next?
* For SMEs: Watch for the formal launch of the Lagos-based UK-Nigeria Investment Council. NBCC President Olashore has promised expanded trade missions in 2026/2027.
* For investors: NBCC says it will increase its visibility and policy advocacy — meaning more direct access to the Lagos State Government.
* For Lagosians: The test is delivery. Will the Food Hub commission before December? Will the Investment Council have teeth, not just letterheads?
As cbinewstv.com will keep tracking, this was more than a chamber speech. It was Sanwo-Olu writing his Lagos legacy note — and handing the pen to the next generation.
Attribution: This report first appeared on cbinewstv.com
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