City Info

Sanwo-Olu Assures Lagosians Of Conducive Business Environment

Published

5 years ago

Oct 4, 2019.

Lagos State Governor, Mr. Babajide Sanwo-Olu, on Thursday said his government will continue to create a conducive and profitable environment for the business of the private investors to thrive.
He further promised that the state’s Public-Private Partnership (PPP) policy would be pursued vigorously to encourage constant flow of capital and returns on investments.
Sanwo-Olu spoke at the Turkey-Nigeria Business Roundtable at the Eko Hotels and Suites in Victoria Island.
The governor said that his administration was ready to partner with investors in any sector of the economy.

He said: “Lagos will remain open for business and we will always be willing to partner with prospective investors. I am using this opportunity to assure prospective investors that there will be continuous improvement in the business environment to encourage constant flow of capital and returns on investments. One of the moves is continuous review of our PPP policy.
“This decision will give investors the confidence on our readiness and allow them to see opportunities to apply their capital. We have the Free Trade Zone, which is about the biggest commercial avenue in the country; it hosts the Dangote Refinery, which will be about the biggest refinery in Africa.”
In addition the two main seaports owned by the Federal Government in the state, Sanwo-Olu said Lagos had embarked on building more ports in Lekki and Badagry to fast-track movement of goods to the international market.
The governor noted that Lagos had maintained a booming market, given its population size.
This, he said, should form the basis of investors’ decision in applying their capital towards investments in all sectors of the economy.
He added that the capacity of government institutions and agencies statutorily empowered to ensure smooth business operations were being strengthened and improved upon, while reviewing related commercial policies to address bottlenecks.
He advised private organisations interested in construction and transportation to key into the state’s PPP policy for “robust partnership” in these areas.
“We have a lot to do in construction and there are opportunities for private individuals and organisations to tap into in this area through our PPP policy. We have a lot in our transportation master plan, which will see us expanding the capacity of waterways and rail project. These are areas that can be looked into,” Sanwo-Olu said.
Head of the Turkey-Nigeria Business Council’s delegation, Haken Ozel, said the meeting was aimed at expanding business opportunities and deepening the relationship between Turkey and Lagos State.

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