Lagos State is serious about boosting its industrial game! A new industrial policy is in the works, designed to make Lagos a major player in the global market. This isn’t just talk – it’s a strategic move to create jobs, attract investment, and build a more resilient economy.
Key Takeaways:
- Ambitious Goals: Lagos wants to be a leader in sustainable and innovative industries.
- COVID-19 Wake-Up Call: The pandemic showed the need for stronger local supply chains.
- Strategic Partnerships: The government is working with organizations like UNIDO and Sterling Bank to make this happen.
Lagos Gets Serious About Industry: A New Policy is Born
The Lagos State Government is not playing around! They’ve announced a major commitment to building a thriving industrial ecosystem. The goal? To create an industrial sector that’s sustainable, resilient, innovative, and ready to compete with the best in the world.
Why Now? The World is Changing
Folashade Ambrose-Medebem, the Commissioner for Commerce, Cooperatives, Trade and Investment, said it best. The world is moving towards a new era driven by technology and sustainability. Lagos needs to adapt its industrial policies to stay ahead of the curve. The Lagos State Government understands that to compete globally, they need to think globally.
COVID-19: A Lesson Learned
The COVID-19 pandemic exposed some serious weaknesses in global supply chains. Lagos is taking this lesson to heart. By strengthening its industrial base, the state aims to become more self-sufficient and less vulnerable to future disruptions. It’s about building economic resilience for the long haul.
UNIDO: A Helping Hand
The United Nations Industrial Development Organisation (UNIDO) is on board, praising Lagos for its commitment to policy-driven industrialization. Reuben Bamidele, a top official at UNIDO, believes that a strong policy framework will attract investment, boost productivity, and create inclusive growth. UNIDO’s support is a major vote of confidence in Lagos’s vision.
Lagos is Open for Business!
Adeniyi Akinlusi, Managing Director of Lekki Worldwide Investments Limited, emphasized that Lagos is not just open for business – it’s ready for business! Governor Babajide Sanwo-Olu is making it clear that Lagos is a prime destination for investment and industrial growth.
Banks Are on Board Too!
Even the banks are excited! Sterling Bank Plc. is throwing its weight behind the initiative, pledging to support policies that empower businesses and strengthen the economy. Moyomade Akinbusoye, a Business Executive at Sterling Bank, commended the state government for its visionary leadership.
The Future is Bright for Lagos Industry
With a clear vision, strong leadership, and support from key partners, Lagos is well-positioned to become a major industrial hub. This new policy is a bold step towards a more prosperous and resilient future for the state.
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