Political Briefs
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GOVERNOR Akinwunmi Ambode of Lagos State, on Thursday, March 31, formally unveiled the office of Overseas and Global Investment, Lagos Global, saying that Lagos was now more than ever before open for business and investment.
Ambode, who spoke at the Eko Hotel and Suites, Victoria Island, before a gathering of members of the organised private sectors, OPS, and diplomatic community, said the Lagos clime presents a basket of opportunities to discerning investors.
The governor, who was represented by Tunji Bello, secretary to the state government, reiterated the commitment of his administration towards making Lagos State an investment destination of choice by creating a favourable environment for local and foreign direct investment.
He said: “As the world continues to acknowledge Lagos as a regional financial hub, we as government have demonstrated the commitment to strengthen this position through deliberate policies aimed at improving the business climate in our state.”
“In this regard, we have successfully placed Lagos on investors’ radar by putting in place effective legal and regulatory frameworks such as the Land Reform Act, Double Taxation treaties, Limited Liability Reviews and the development of Free Trade Zones. Likewise, the on-going judicial reform is aimed at strengthening our laws for the protection of enterprise.”
He emphasised that his administration’s strides in public infrastructure development coupled with investment in security as well as the competitive edge enjoyed by Lagos, informed by its access to local, regional and international markets, readily available labour, bourgeoning middle class with high purchasing power and investor-friendly disposition among the citizenry, had combined to ensure that the state remained investors’ haven.
He, therefore, urged investors to take advantage of investment opportunities in the state in areas of Power, Agriculture, Transportation, Health, Tourism, Housing, ICT and Manufacturing.
“With the array of prospects in different sectors, we are confident that you will take advantage of these opportunities by taking the decision to make the next investment here”, he said.
Earlier, Ademola Abass, special adviser on overseas affairs and investment, said that Lagos Global was created to serve as a one-stop shop for investors and enhance the ease of doing business in the state through the initiation, formulation and evaluation of policies relating to the promotion of both local and foreign investments in the state.
— Apr 11, 2016 @ 01:00 GMT
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