Lagos state governor, Akinwunmi Ambode has pledged support for the manufacturing sector observing that the sector was crucial to sustainable economic growth and development in the state.
Ambode made this known in a statement at the opening of the Third Quarterly Council Meeting of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture in Lagos.
“We are aware of the challenges of the business community in terms of poor power supply, inadequate infrastructure, high interest and foreign exchange rates among others.
“The resultant effects of these problems are manifesting in high operation cost, high rate of unemployment and poverty. But I am positive that these challenges are surmountable,” he said.
“We, therefore, need to be proactive and look towards becoming self-sufficient by collaborating with the manufacturing sector which obviously holds the key to sustainable economic growth and development.”
He added that: “This is why Lagos State has established the Office of Overseas Affairs and Investment to make the state a first choice destination for both local and foreign investors.
In reaction, the National President of NACCIMA, Mr. Bassey Edem, urged the Federal Government to quicken its plan for the diversification of the economy to augment the dwindling income from crude oil.
-Culled from Punch
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