close
Thursday, December 14, 2023

Lagos govt. to collaborate with foreign investors to boost economic activities

Mr Wahab said the present administration was committed to increasing business opportunities in every part of the state.

• December 13, 2023
Babajide Sanwo-Olu
Lagos State governor, Babajide Sanwo-Olu

The Lagos State government has expressed readiness to collaborate with foreign investors to boost economic activities in the state.

The commissioner for environment and water resources, Tokunbo Wahab, said this in a statement after a business meeting with officials of the Lekki Free Zone on Wednesday in Lagos.

Mr Wahab said the present administration was committed to increasing business opportunities in every part of the state.

He noted that the state had invested massively in the Lekki Free Zone corridor with the full awareness that the part of the state would be the future of Nigeria.

Mr Wahab described Lagos State as the only state in the country with clear-cut climate change policies.

He said the state recently launched phase II of the Lagos Climate Resilience and Adaptation policy, adding that the launch demonstrated the readiness of the state in combating climate change issues.

Mr Wahab said the state was open to partnership and investment in the waste management value chain comprising solid and liquid waste and other opportunities in the environmental space.

He mentioned some local /rural areas where investment could be activated to benefit the communities to change the narrative and enhance commitment to development in these areas.

“It is not enough to have the commitment on paper; if you have the approach and desire to lift 50,000 households on solar belt out of the national grid and put them under this policy, this portrays commitment,” Mr Wahab said.

He said the state government had ramped up physical infrastructure in the Lekki Free Zone, highlighting road infrastructure from Akodo to Epe, Abraham Adesanya and free trade zone areas.

In his response, the managing director of Lekki Free Zone Development Company, Zhang Bin, said his organisation and his country, China, were ready to support Lagos climate change initiatives in the Lekki Free Zone area.

Mr Bin said they were willing to share knowledge and find out the needs of the government for solar belt programmes in the communities around the free zone.

He added that they would assist with capacity building and improve the power supply and livelihood of people in Africa.

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Deputy Governor Lucky Aiyedatiwa

Politics

Intrigues over Akeredolu’s health challenges avoidable distractions: Acting gov

Mr Aiyedatiwa said humans must acknowledge that the key to wellbeing is in God’s hands.

Governor Dikko Radda (Credit ; Leadership)

States

Gov. Radda approves disbursement of N1.7 billion for indigent Katsina residents

6,100 vulnerable and less-privileged households from 20 LGAs will receive grants as livelihood support.

NationWide

Tinubu inaugurates civil service commission as chairman pledges to deepen reforms for good governance

He promised to ensure that training and testing enhance job performance and career development.

United States President Joe Biden

World

House Republicans vote for impeachment inquiry against Biden

Mr McClintock said the House owed it to the country to get to the bottom of the allegations.