Lagos State restates commitment to economic recovery
Lagos State Government has restated commitment to the country’s economic recovery through provision of access to credit for Micro, Small and Medium Enterprises (MSMEs).
The Lagos State Governor, Akinwumi Ambode, who was represented by Secretary to the State Government, Mr Tunji Bello, made the assertion on Sunday during the Lagos State Special Day at the 31st Lagos International Trade Fair organised by the Lagos Chamber of Commerce and Industry (LLCCI).
The Trade Fair was with the theme, “Positioning the Nigerian Economy for Diversification and Sustainable Growth’’.
Ambode said the government was providing conducive business environment to accommodate all shades of investors.
According to him, “Lagos State, indeed is a discerning investors’ delight. Apart from improving the quality of life of our citizens, we have started the process of generating 200 megawatts of electricity for the state.”
He said the state was constructing more roads and rehabilitating already existing ones to ease the lives of Lagosians.
Commissioner for Commerce, Industry and Cooperatives Prince Rotimi Ogunlewe, underscored the need for collaboration between the state and the private sector toward enhancing investments in the state.
LCCI President Mrs Nike Akande, urged the state to tackle the challenges of urbanisation which she said, will make the state compete with global cities.
Akande noted that the state with a fast growing population of above 22 million people, hosts several large and small industries adding that the latest figure from the National Bureau of Statistics (NBS), showed that the state generated the highest Internally Generated Revenue (IGR) in the country, put at about N302 billion in 2016.
Akande said the Annual States Viability Index (ASVI), computed by Economic Confidential, revealed the state as coming first with 169 per cent.
She urged the state to create a conducive business environment for businesses to thrive and have a bigger capacity to generate jobs and lift people from poverty.
