Lagos, Nigeria  E1 Lagos GP revenue is now in sharp focus as Lagos State announces an ambitious plan to generate $100 million from the upcoming E1 Electric Powerboat Championship, also known as the E1 Lagos GP Series, scheduled for next month. (Vanguard)

Mr. Sam Egube, Chairman of the Local Organising Committee (LOC) and Deputy Chief of Staff to Governor Babajide Sanwo-Olu, explained at a press briefing that the event is more than a race it’s a global showcase of Lagos’ culture, economic potential, and commitment to sustainability. “The race alone will not add anything less than $100 million to investments in Lagos,” Egube stated, underlining tourism’s critical role in driving growth across trade, sports, and cultural exchange. (Opinion Nigeria, Vanguard)

Rodi Basso, CEO of the E1 Series, added that Lagos emerged ahead of major international cities in securing hosting rights, bringing significant attention and investment opportunities to the state’s sports and entertainment sectors. (Vanguard, Opinion Nigeria)

Event planners expect considerable economic ripple effects: a boost in tourism, trade visibility, cultural interactions, and investment in clean-energy transport. The E1 Lagos GP is positioned to strengthen Lagos’ reputation as an innovative hub for sustainability-themed global events. (Opinion Nigeria)

Businesses across hospitality, transport, and creative industries view the event as a unique opportunity aiming not just for one-off gains but long-term gains in investment and international visibility.