The Lagos State Government, through
the Office of Overseas Affairs and Investment (Lagos Global), has declared that
it has received approximately $43Billion investment proposition within one year
of inception.
Prof. Ademola Abass, Special
Adviser, Office of Overseas Affairs and Investment disclosed this today at the
Bagauda Kaltho Press Centre, Alausa, Ikeja during the Y2016 Ministerial Press
Briefing of the Lagos State Government as part of activities marking the one
year anniversary of Governor Akinwunmi Ambode led administration in the state.
The Special Adviser said Lagos as an
investment destination of choice is vigorously pursuing measures geared towards
enhancing the ease of doing business, adding that investors are showing
considerable interest in tapping into the investment opportunities in the
state.
He noted that the state government
has approved a good number of investment proposals out of the one hundred and
thirty-nine (139) that are at various stages of consideration at the Office of
Overseas Affairs and Investment.
While revealing that the State
approved investment proposals covering six (6) sectors, namely:
environment,
infrastructure, health, manufacturing, real estate and transportation, Abass
observed that since the setting up of Lagos Global, it has been working to
ensure that investors who desire to invest in Lagos enjoy a seamless and
hurdle-free experience.
In his words, “By streamlining its
internal working processes and adopting a project proposal template to
eliminate difficulties associated with multi-agency handling of investments,
Lagos Global has set the stage for a first-class service delivery to investors,
right from the point of initial enquiry down to the setting up and running of
businesses in Lagos State.”
The Special Adviser stated further
that the Lagos Global liaises with Ministries, Departments and Agencies (MDAs)
particularly the focal investment MDAs in the State, through its
Inter-Ministerial Coordination Department in performing its role as a one-stop
shop for investment, stressing that the Office has established a cadre of
‘Investment Champions’ across all MDAs to serve as the interface between Lagos
Global and MDAs in order to ensure effective collaboration and create a synergy
in investment activities across board.
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Business