Lagos expresses openness to collaboration with foreign investors -Commissioner

Date:

Share post:

L-R; Special Adviser on Environment, Mr. Olakunle Rotimi-Akodu; Research Associate, Jing Song; Hon Commissioner for the Environment, Mr. Tokunbo Wahab; Managing Director, Lekki Free Zone, Mr Zhang Bin; Representative of Foreign Economic Cooperation Office, Ministry of Ecology and Environment, China, Dr. Wang Zuguang; and Managing Director/CEO, Global Impact, Dr. Babatunde Osho, during a business Meeting on the 13th of December, 2023, with the Honourable Commissioner for The Environment and Water Resources, at the Ministry’s Conference room, Alausa Ikeja.

Lagos State Government on Wednesday expressed its readiness to collaborate with foreign investors to boost economic vibrance in the state.

The Commissioner for Environment and Water Resources, Mr Tokunbo Wahab, disclosed this in a statement after a business meeting with officials of the Lekki Free Zone at Alausa, Ikeja.

Wahab said that the present administration was committed to increasing business opportunities in every part of the state.

He noted that the state 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 attributing it to the coastal nature of the city affected by rising sea levels.

He said that the state recently launched phase II of the Lagos Climate Resilience and Adaptation policy, adding that the launch demonstrated the readiness of the State in combating climate change Issues.

Wahab said that the State was open to partnership and investment in the waste management value chain comprising solid and liquid waste and other opportunities in the environmental space.

Wahab mentioned some local /rural areas where investment could be activated to benefit the communities and thereby change the narrative and enhance commitment to development in these areas.

“It is not enough to commit 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,” Wahab 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 of Lekki Free Zone Development Company Mr. Zhang Bin, said his organisation and his country China were ready to support Lagos in developing climate change initiatives in the Lekki Free Zone area.

Bin said that they were willing to share knowledge and 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 the power supply and livelihood of people in Africa.

spot_img

Related articles

2026: Nigerian U16-Basketball Team prepares for Youth Olympic Games

In a significant step toward the upcoming Youth Olympic Games in Dakar 2026, Nigeria's Under-16 female basketball team...

Ember months: FRSC launches awareness campaign in Ebonyi

Abakaliki, Nigeria - Launching its 2024 Ember months awareness campaign in Ebonyi on Wednesday, the Federal Road Safety...

FG, IFAD-VCDP train 12 youth on equipment fabrication, maintenance

Awka, Nigeria - The Federal Government, in collaboration with the International Fund for Agricultural Development, Value Chain Development...

Museum of West African Art Institute opens in Edo

Benin, Nigeria - The Museum of West African Art (MOWAA) was opened on Tuesday at a preview opening...