Lagos Govt. Assures Investors Of Ease Of Doing Business.

The Lagos State Government has reaffirmed its commitment to creating a conducive environment for businesses to thrive in the state.

This commitment was made during the 9th Lagos Corporate Assembly, an extraordinary public-private engagement platform, themed “Unpacking Barriers to Ease of Doing Business: Accelerating Business Growth.”

While laying emphasis on the importance of Lagos as the economic hub of Nigeria and the fifth largest economy in Africa, the Lagos State Governor, Mr. Babajide Sanwo-Olu, highlighted the numerous policy reforms introduced by the state government to ease the act of doing business in Lagos.

These reforms include simplifying regulatory processes, improving infrastructure, and leveraging technology to streamline interactions between businesses and government agencies.

Governor Sanwo-Olu represented by his deputy, Dr. Obafemi Hazmat said, the goal is to minimize bureaucratic hurdles and create a seamless experience for all businesses operating in the state.

He assured the business community that their feedback would be incorporated into policy formulation and regulatory reviews, and called for collective commitment to overcoming the barriers to ease of doing business.

A member of the Presidential Enabling Business Environment Council, PEBEC, Dr. Jumoke Oduwole, stressed the council’s mandate to remove bureaucratic bottlenecks and improve the perception of doing business in Nigeria.

She assured foreign investors that the business climate is open in Lagos State, which is one of the largest economies in Africa with over 20 million inhabitants.

The Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs. Folashade Ambrose-Medebem, welcomed participants to the assembly and listed the key reforms implemented by the state government to facilitate the ease of doing business and promote a conducive environment that continues to attract investments into the state.

The event which brought together captains of industry, corporate organizations, and key stakeholders also featured an interactive session.

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