Lagos State Governor, Mr. Babajide Sanwo-Olu has assured private investors of a conducive business environment, emphasizing that his government is committed to ensuring the success of private investors in the State.
He said this while receiving the Netherland’s Prime Minister, Mr. Mark Rutte who led a delegation of investors from his country to Nigeria, at the Presidential Wing of Murtala Muhammed Airport, Ikeja.
The Governor stated that, encouraging the private investors is one of the ways of realizing the set objective to build a Greater Lagos as a 21st century economy.
“We are just six months old as a government, but we are committed and we understand that for us to do well we must create opportunity for the private sector to do well, because it’s only when the private sector thrives that our economy will grow and businesses will flourish.
“We know from the indices that the public sector only controls 20 percent of the GDP, and the 80 percent which controls the GDP needs to flourish and they need to have an enabling environment for them to continue to make greater resources to employ people and create value.
Sanwo-Olu highlighted some of the government interventions under his administration as a measure to ensuring conducive business environment. He also responded to some of the challenges identified by the business men.
The Governor said his administration is well informed about the issues raised and that his government will address them, adding that work had begun on some critical infrastructure to reduce the pain of the residents.
The Governor promised to roll out incentives in business policies and also work to improve the index on ease of doing business in the State for the mutual benefit of the State and investors.
“We thank you for believing in our State and in our country. We want you to continue to grow your businesses here. You should continue to make additional investment and we will ensure we bring about a level playing field, making sure you are safe and secure and there won’t be any fear whatsoever in any of your business locations.
“We want Lagos to be a true destination of choice, we want Lagos to be a real place where there is ease of doing business, and not just a place with the population but where people can see that environment is business friendly where there are challenges and how well we respond to those challenges.
In his remarks, the Netherlands Prime Minister appreciated the large volume of business concentration in the State, and how vibrant the State’s economy is.
He applauded the sound understanding the Governor showed on the issues around the State and praised his readiness to bring solutions to challenges raised by investors.
He however promised his government’s readiness to promote small business enterprises in Lagos to boost the promising economy.
He said,” I am impressed with the concentration of business in this part of the country. With 20 million living here you have people and business’s rolling over and making money.
“Mr Governor, with your approach to the questions here, it shows that you understand the issues and the people in a small land mass where business works like this.
“Yes we share some features and face challenges dealing with nature and trying to reclaim land from water. We are hopeful we can allow smaller businesses come into not only Nigeria but Lagos and this will help grow the economy.
Investors in the areas like water dredging, dairy production, manufacturing and health infrastructure were part of the delegation that met with the Governor.