Lagos State Governor Babajide Sanwo-Olu has mentioned the state authorities recorded phenomenal progress in its financial system by initiation and implementation of deliberate insurance policies and intentional methods to facilitate and promote a conducive atmosphere for enterprise to thrive.
Out there statistics have proven that the Gross Home Merchandise (GDP) of Lagos State grew from N27 trillion to N41 trillion underneath the administration of the Governor, Mr Babajide Sanwo-Olu for selling ease of doing enterprise within the state.
The state’s deputy governor, Dr. Kadri Hamzat who represented the Governor, Babajide Sanwo-Olu on the extraordinary ninth Lagos Company Meeting, LCA which is the 4th within the collection of the Babajide Olusola Sunwo-Olu (BOS) Meets With Enterprise Neighborhood at Eko Resort, Lagos defined that
The deputy governor attended the discussion board with the theme; “Unpacking Obstacles to Ease of Doing Enterprise: Accelerating Enterprise Progress.” Identified that LCA has develop into a virile public-private engagement platform, by which the state authorities and the enterprise neighborhood work together and focus on points which are germane to Ease of Doing Enterprise and enterprise prosperity within the state.
He mentioned, “This gathering is a testomony to our unwavering dedication to fostering a conducive atmosphere for companies to thrive in Lagos State.
“Lagos, the financial hub of Nigeria, is dwelling to a various and dynamic enterprise neighborhood. As your Governor, I’m profoundly conscious of the essential function you play because the engine driving the financial system of our State. Your resilience, innovation, and contributions have been instrumental in positioning Lagos as a beacon of prosperity and progress.
“With this function that you just play, it’s all the time very thrilling to reiterate that Lagos occupies the enviable place of the fifth largest financial system in Africa. Its financial system stays exceedingly energetic with fourteen industrial estates and 4 Central Enterprise Districts (CBD).
It hosts seventy % of the nation’s whole industrial funding, sixty % of the nation’s business actions, contributes thirty % of Nigeria’s Gross Home Product (GDP) and fifty % % of the non-oil GDP.
“As probably the most urbanised cosmopolitan in West Africa and largest market in sub Saharan Africa, Lagos has the fourth highest GDP in Africa after Cairo, Johannesburg and Cape City. Its GDP is equal to twenty-four African nations mixed.
“Let me state right here that, by our T.H.E.M.E.S+ Growth Agenda, we stay steadfast in our dedication to sustaining an enabling atmosphere for companies to develop and thrive. This agenda encapsulates our imaginative and prescient for a Higher Lagos, notably the 4th Pillar M, which is Making Lagos a twenty first Century Financial system.
“Utilizing the instrument of the agenda, now we have launched quite a few coverage reforms to ease the doing of enterprise in Lagos. We’re simplifying regulatory processes, enhancing infrastructure, and leveraging know-how to streamline interactions between companies and authorities companies. Our objective is to attenuate bureaucratic bottlenecks and create a seamless expertise for all companies working in our State.
“I guarantee you of our continued help as our administration is unreservedly dedicated to offering the required assets, infrastructure, and insurance policies that may guarantee your companies not solely survive however thrive. We’ll proceed to interact with you, take heed to your wants, and implement reforms that may foster an atmosphere essential to develop your companies.”
A member of the Presidential Enabling Enterprise Atmosphere Council, PEBEC, Dr Jumoke Oduwole mentioned the mandate of the council was to take away bureaucratic bottlenecks and enhance the notion of doing enterprise in Nigeria.
The Commissioner for Commerce, Cooperatives, Commerce and funding, Mrs. Folashade Ambrose-Medebem acknowledged, “Right here in Lagos, we perceive the language of enterprise and what we have to do to get our traders and companies to the place they must be. Because of this the State nonetheless retains its key standing because the operational headquarters of many multinationals and Fortune 100 firms.
“Lately, the financial system has grown from 27 trillion to 41 trillion naira. This phenomenal progress has been made potential by initiating and implementing deliberate insurance policies and intentional methods to facilitate the benefit of doing enterprise and promote a conducive atmosphere that continues to draw investments into the state.
She revealed that the State is within the means of constituting an Ease of Doing Enterprise (EoDB) Staff that will be tasked with interfacing with stakeholders within the enterprise neighborhood through a one cease store digital interface.
