The Governor of Lagos State, Mr. Babajide Sanwo-Olu, has reassured the leadership of the Lagos Chamber of Commerce and Industry that his administration will expedite the approval process for the Certificate of Occupancy concerning the land designated for the construction of a trade fair and exhibition center.
Represented by the state’s Head of Service, Mr. Olabode Agoro, at the closing ceremony of the annual Lagos International Trade Fair held at Tafawa Balewa Square, Onikan, the Governor affirmed his administration’s dedication to enhancing the business environment, aiming to make it more appealing for investments.
“With the T.H.E.M.E.S Development Agenda, now rechristened T.H.E.M.E.S.+ Agenda, our administration rose to the occasion as we confronted the challenges of infrastructure and others frontally because we understand how important they are to achieving the major responsibility of government, which is facilitating friendly environment for living and ease of doing businesses.
“We shall continue to place a high priority on the provision of key infrastructure that would make our state safer, more secure, functional and productive as an impetus towards achieving sustainable economic growth, leveraging a highly motivated and vibrant private-sector participation,” he added.
In addition, Folashade Ambrose-Medebem, the Commissioner for Commerce, Cooperative, Trade, and Investment in Lagos State, highlighted that the state, serving as Nigeria’s economic hub, presently accounts for roughly 25 percent of the country’s Gross Domestic Product.
She further emphasized that the non-oil sector within the state has experienced an impressive growth rate of eight percent over the past year.
“Over the past year, we have seen an impressive eight per cent growth in our non-oil sector, a testament to the resilience and innovation of our industrious business community. Many of our Micro, Small and Medium Enterprises are growing, accounting for about 80 per cent of the state’s employment, which underscores their pivotal role in job creation and economic development,” she noted.
