Lagos expresses readiness to partner investors to boost development

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

The Commissioner for Environment and Water Resources, Tokunbo Wahab made this known during a business meeting with officials of the Lekki Free Zone at Alausa, adding that the present administration is committed to increasing business opportunities in every part of the State.

Wahab said the State had invested massively in the Lekki Free Zone corridor with the full awareness that it is the future of Nigeria, emphasising that Lagos State is the only State in the Country with a clear-cut climate change policy, especially for being a coastal city affected by the rising sea level.

He added that Lagos State recently launched Phase II 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 to partnership and investment in solid waste management, liquid waste and other environmental avenues.

The Commissioner further 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 such areas. He added that the state government has ramped up physical infrastructure in the Lekki Free Zone including road infrastructure from Akodo to Epe, Abraham Adesanya and Free Trade Zone areas.

In his remarks, the Managing Director of Lekki Free Zone Development Company, Mr. Zhang Bin said the organisation and his country China were ready to support Lagos State in developing climate change initiatives in the Lekki Free Zone area.

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

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