News

Lagos doors open for collaboration with foreign investors  – Commissioner

Lagos State Government on Wednesday expressed its readiness to collaborate with willing foreign investors to boost the state economy.

The Commissioner for Environment and Water,  Tokunbo Wahab made this known during a business  meeting with officials of the Lekki Free zone at  Alausa.

Wahab said the present administration is committed to increasing business opportunities in every part of the state, adding that it had invested massively in the Lekki Free Zone corridor with the full awareness that the part of the state is the future of Nigeria. 

He emphasized that Lagos State is the only state in the country with a clear-cut climate change policy, saying it is partly traceable to its being a coastal city affected by the rising sea level.

He stated that the state recently launched the phase two of the Lagos Climate Resilience and Adaptation policy, saying it demonstrates the readiness of the State in combating climate change issues. 

Wahab maintained that the state was open for partnership and investment in solid waste management, liquid waste and other environmental avenues.

 Wahab mentioned some local /rural areas where investment can be activated to benefit the communities and thereby 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,” he said.

 The Commissioner said that the state government has 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  Lekki Free Zone Development Company, Zhang Bin said his organisation and his country China was ready to support Lagos develop climate change initiatives in the Lekki Free Zone area.

 He stated that they were willing to share knowledge, find out the needs of the government for solar belt programmes in the communities around the free zone while also assisting with capacity building as well as improve power supply and livelihood of people in Africa.

Back to top button