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Governor Babatunde Fashola of Lagos State on Friday appealed to the Federal Government to give Lagos State a special status to help it achieve economic growth.
Fashola said this at the opening ceremony of the 28th Lagos International Trade Fair holding at the Tafawa Balewa Square (TBS) in Lagos.
The theme of the 2014 trade fair is ''Promoting the Nigerian Economy as a Preferred Investment Destination".
Fashola said that the challenges of infrastructure and security were militating against the nation as a preferred investment destination.
According to Fashola, the state generates about 20 per cent of Nigeria's Gross Domestic Product (GDP) and as such the state has remained the economic centre of the nation.
The state governor, who was represented by Mrs Olusola Oworu, the Commissioner for Commerce, said that without infrastructure such as electricity, it would be difficult to attract local and foreign investors.
''Without tackling insecurity issues, we cannot make this place (Nigeria) an investment destination.
“We have identified areas such agriculture, transportation, housing and power that will take Lagos to its investment destination, but the state needs to be given special status to achieve this," Fashola said.
Mr Remi Bello, the President of Lagos Chamber of Commerce and Industry, said that it was important to create enabling environment to attract new investments and grow existing ones.
Bello said that the time was ripe to build a diversified economy that would be sustainable because oil prices had remained low.
He said that the new status of Nigeria as the largest economy in Africa and the 26th in the world was good and this had generated tremendous interest among investors globally.
Mr Ilesanmi Agoye, the Vice President of Manufacturers Association of Nigeria (MAN), advised operators in the private and public sectors to patronise locally made goods to create job opportunities for youths.
Agoye said that patriotism could increase the country's revenue and enable it to compete favourably with other nations.
Alhaji Mohammed Abubakar, the President of NACCIMA, commended the Federal Government for presenting the proposed 2014-2016 Medium Term Expenditure Framework before the National Assembly.
Abubakar urged the lawmakers to approve the framework without delay.
He advised the government to hasten the process of revisiting the concession of the Lagos International Trade Fair Complex and hand it over to the LCCI for trade promotion activities.
#Fashola #Lagos
Fashola said this at the opening ceremony of the 28th Lagos International Trade Fair holding at the Tafawa Balewa Square (TBS) in Lagos.
The theme of the 2014 trade fair is ''Promoting the Nigerian Economy as a Preferred Investment Destination".
Fashola said that the challenges of infrastructure and security were militating against the nation as a preferred investment destination.
According to Fashola, the state generates about 20 per cent of Nigeria's Gross Domestic Product (GDP) and as such the state has remained the economic centre of the nation.
The state governor, who was represented by Mrs Olusola Oworu, the Commissioner for Commerce, said that without infrastructure such as electricity, it would be difficult to attract local and foreign investors.
''Without tackling insecurity issues, we cannot make this place (Nigeria) an investment destination.
“We have identified areas such agriculture, transportation, housing and power that will take Lagos to its investment destination, but the state needs to be given special status to achieve this," Fashola said.
Mr Remi Bello, the President of Lagos Chamber of Commerce and Industry, said that it was important to create enabling environment to attract new investments and grow existing ones.
Bello said that the time was ripe to build a diversified economy that would be sustainable because oil prices had remained low.
He said that the new status of Nigeria as the largest economy in Africa and the 26th in the world was good and this had generated tremendous interest among investors globally.
Mr Ilesanmi Agoye, the Vice President of Manufacturers Association of Nigeria (MAN), advised operators in the private and public sectors to patronise locally made goods to create job opportunities for youths.
Agoye said that patriotism could increase the country's revenue and enable it to compete favourably with other nations.
Alhaji Mohammed Abubakar, the President of NACCIMA, commended the Federal Government for presenting the proposed 2014-2016 Medium Term Expenditure Framework before the National Assembly.
Abubakar urged the lawmakers to approve the framework without delay.
He advised the government to hasten the process of revisiting the concession of the Lagos International Trade Fair Complex and hand it over to the LCCI for trade promotion activities.
#Fashola #Lagos
