Shell Energy Entrepreneurs banner Yudala banner
Lagos vows to become Africa’s third largest economy by 2020

By News Express on 20/10/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 388

•Governor Ambode
•Governor Ambode

The Governor of Lagos State, Mr. Akinwunmi Ambode, has reiterated the determination of the present administration to make Lagos Africa’s third largest economy by the year 2020.

Ambode stated this in his address at the 25th-anniversary celebration of the Commerce and Industry Correspondents Association of Nigeria held at the Sheraton Hotel & Towers, Ikeja, recently.

The Governor, who was represented by the Permanent Secretary, Lagos State Ministry of information & Strategy, Mr. Fola Adeyemi, said that the State economy is presently ranked among the top five in Africa, due to the sustained commitment of successive administrations to the state development plan.

He, however, emphasised that the target of making Lagos Africa’s third largest Economy by 2020 is achievable in view of the vast investment opportunities in areas such as tourism, entertainment, agriculture and transportation, among others.

He stressed that the State government has taken steps to stimulate investment in these sectors by providing relevant and necessary infrastructure, implementing business-friendly policies as well as strengthening the capacity of security agencies to guarantee the safety of lives and property.

Governor Ambode added that a key and unprecedented step his administration had taken within the context of its vision was the establishment of the Lagos State Employment Trust Fund (LSETF) through which young aspiring entrepreneurs are guaranteed access to funds at very liberal and friendly terms.

While commending the Association for several of its initiatives, the Governor said that the relevance of its efforts became more pronounced during the recent period of economic recession as Nigerians were better informed on opportunities available in the SME sector, especially in the agriculture value plan.

He stressed that the impact of the awareness created by SME opportunities has contributed greatly to the positive growth in the agricultural sector in the second quarter report of the National Bureau of Statistics.

He said, “It is therefore important to place the contribution of the Commerce & Industry Correspondents in perspective. Your efforts have contributed to the enlightenment and education of stakeholders and the general public particularly in making informed decisions with regards to taking advantage of business/investment opportunities”.

The Governor urged members of the Association to improve their reporting of Commercial and Industrial activities in the Nigerian economy, saying the growth and development of economies depend on the amount and quality of information available to investors and other stakeholders.

He also implored them to partner with government by raising the bar of information dissemination to members of the public and aspiring entrepreneurs on the vast investment opportunities available for them to generate wealth and create job opportunities for the growth and development of our economy.

He noted that the Association’s partnership and collaboration with the government are very crucial at this time when efforts are geared towards building a strong, sustainable and diversified economy.

Source News Express

Posted 20/10/2017 6:19:11 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
MMM: Why every participant has already lost

TETFUND Accountant, 2 others arraigned N623m contract scam...

CHELSEA, MANCHESTER CITY in Prem BIG SHOWDOWN

NYSC DG warns corps members against attending night...

Army dismisses Boko Haram’s latest video, says no...

IPOB clears the air, says: ‘We won’t disrupt...

Osinbajo, Lawal meet behind closed doors after presidential...

Sports Minister Solomon Dalung loses wife

Rivers APC hails Buhari over Niger Delta peace...

2 notorious kidnappers on Police Wanted List nabbed...

Military announces 5-day closure of major Abuja road...

Race for UNIZIK VC narrows down to 2...

 

Latest News CHAN 2018: Super Eagles zoom to quarter-finals in grand style Tony Elumelu Foundation to create 1 million jobs Senate to investigate $137m corruption case in NNPC Mobil, Lagos family at war over lease agreement Fulani herdsman apprehends militant on jailbreak mission Asset declaration: Saraki’s trial resumes Feb. 6 500 junior police officers get motorcycles Reps probe IGP over unlawful arrest, detention of Elombah Brothers Lagos donates 30 power bikes to security agencies Our visit to Buhari unconnected with Obasanjo’s statement — Tinubu, Akande INEC sensitises Enugu communities on voters’ registration, accountability in governance Planning committee for Nigeria’s hosting of African Tourism Ministers inaugurated

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (316,818 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (307,486 views) Shameless Genevieve Nnaji exposes breasts in public (245,843 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (201,981 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (190,551 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (180,149 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (156,218 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (140,643 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (136,457 views) Lagos plane crash: Journalist releases victims’ names (124,957 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (122,398 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (119,250 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (33) Business (2,858) Business Verdict (32) Columnists (792) Complaints & Requests (94) Enterprise & Opportunities (201) Entertainment (432) Features (542) Global Business Monitor (222) International (1,754) Interviews (139) Live Commentary (28) Love Matters (100) News (32,135) Opinion (870) Pidgin (10) Politics (4,373) Religion (667) Sports (1,411) Stock Watch (26) AMA & Al Jazeera Global Update

 

CBN Banner advert

CBN Words on marble

 

 

Football president George Weah puts Liberian army to the test

 

APO Group Partner

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!