Business Hilights
Tracking Nigeria's Headline Business News Online

FDI to Lagos in last 16 months surpasses those of last 10 years—Gov

The Lagos State Governor, MR. Akinwunmi Ambode, on Thursday said the reforms initiated by his administration in critical sectors have attracted more Foreign Direct Investment (FDI) in the last 16 months than what was achieved in the last 10 years.

Speaking at a media forum, on the giant strides of the State Government at driving investment and facilitating ease of doing business in Lagos, the Governor said his administration had remained committed to creating an enabling environment for investment to thrive, saying that the resolve informed the various reforms introduced.

He reiterated the vision of his administration to make Lagos safer, cleaner and more prosperous for the people, stressing that the spirit of the government is predicated on the tripod oif security, infrastructure and ease of doing business.

He said “When I won the election, one of my priorities was to see how to improve on the ease of doing business in Lagos and I also believe that we needed to carry out some kind of public sector reforms to drive the vision which we had actually set for ourselves and we needed to also have a kind of structure and institutional framework that would drive the vision.

“The vision is very simple: we want a safer, cleaner and a more prosperous Lagos and one of the structures would be if we want to tackle the issue of bureaucracy in the civil service, we needed to have a 24/7 one-stop shop office where we can drive investment especially where our businessmen can actually walk into and get everything that they need. In going about that, we decided to come up with the office of Oversees Affairs and Investment, otherwise known as Lagos Global.”

Giving further insight to the essence of the office, the Governor said Lagos Global was specifically designed to serve as one-stop shop to facilitate investment both from within and outside the country, adding that the State is willing and ready to partner with any investor once such investor is ready to add value to the State and the people.