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Lagos aims to boost Nigerian products exports

Lagos aims to boost Nigerian products exports
Photo by Eyibeauty Oyelowo- Ask Nigeria

Lagos State and stakeholders plan to boost made-in-Nigeria products export.

The Lagos State government announced its plans to increase the export of Made-in-Nigeria products during the closing ceremony of the 2022 Lagos International Trade Fair (LITF). They noted that the current administration is working with various stakeholders to direct goods and services in the state for increased export. The governor of Lagos State, Babajide Sanwo-Olu, who was represented at the event by the Secretary, Mrs. Folashade, remarked that the state government’s efforts are delivering the intended outcome, as Lagos has transformed into an appealing brand that no investor or enterprise can ignore.

According to him, the challenge of comparing the state to the world’s best practices and turning it into a model for others is extremely difficult yet achievable. He explained that their administration had made a significant contribution to the improvement of the business environment through the adoption of business-friendly policies to enhance the ease of conducting business within the state, the provision of incentives, and their unwavering dedication to the development and renewal of infrastructure. Construction activities are currently being carried out in every region of the state. Some of these are already enhancing intra-city and inter-state commerce, he noted.

The State government is now responsible for creating possibilities.

In order to accelerate economic growth, provide more jobs for the overwhelming youth population, and strengthen its ability to generate revenue, the State government is now responsible for creating and leveraging possibilities through improved private sector participation. He added that they would continue to put in a lot of effort and implement innovative and creative concepts that are powered by technology in order to satisfy your expectations and the aspirations of Lagosians for a better Lagos that is functioning, productive, comfortable, secure and provides infinite opportunities for everybody.

Furthermore, Mrs. Lola Akande, Commissioner for Commerce, Industry, and Cooperatives, also spoke, stressing the importance of deliberate and meaningful involvement with key stakeholders in order to fully understand the many benefits of networking in business. Using the power of e-Commerce or digital marketing can serve as the foundation for a constant evaluation of the benefits and a strategic plan for its long-term implementation. She mentioned that these would help cut costs, boost profits, and generate more money.

Local and foreign investors are needed for economic diversification.

Speaking further on the impact that the Lagos state government has made so far as regards the livelihood of its citizens, Asiwaju Michael Olawale-Cole, who is the president of the Lagos Chamber of Commerce and Industry (LCCI), expressed confidence that governments at all levels will indeed continue to tackle the concerns of enabling the environment in the country, particularly in regard to infrastructure and services, insecurity, and the appropriate policies to rectify the main drivers of high inflation.

He argued that this action was necessary for the state to fully utilize the vast entrepreneurial potential of domestic and foreign investors in order to diversify the economy and improve the lives of the people. Furthermore, he noted that even though there are many difficulties that come along with holding a huge exhibition such as this one, it has made every effort to guarantee that the fair goes off without a hitch and is a success.

A safe environment needs to be created for entrepreneurs.

Moreover, the absence of structures and facilities to propel the economy presents difficulties for the major cities of the majority of emerging countries; as a result, these cities lose a significant sum in terms of income, and in view of this, the Secretary to the State Government has acknowledged that the Sanwo-Olu administration is also developing public value for entrepreneurs in an environment that is growing more unstable, uncertain, complex, and ambiguous as a direct result of the issues that the global economy is facing.


Related Link

Lagos State: Website

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Adeolastan
Adeolastan
10 months ago

By exporting our final product to the international market is the only way Nigeria economy can grow because it will bring lots of foreign direct investment which can yield to quickly turnover.

jdpumping
jdpumping
10 months ago

it’s a laudable thing that Lagos State is supporting made in Nigeria products in order to boost it through exportation,they really need to support the entrepreneural sectors in order to grow.

Abusi
Abusi
10 months ago

It will be very nice if Lagos can do this. The exports of different business entrepreneurs will be promoted by the Lagos state government to help them generate traffic and visibility in the places where it is imported to.

theApr
theApr
10 months ago

The State government is now responsible for generating and utilizing opportunities through more private sector participation in order to spur economic growth, increase employment opportunities for the massive youth population, and strengthen its capacity to generate money.

Adesanyaj72
Adesanyaj72
10 months ago

The efforts of the state administration are producing the desired consequence, which is that Lagos has morphed into an alluring brand that no investor or business can ignore.

Chibuzor
Chibuzor
10 months ago

The current administration is collaborating with a wide variety of state stakeholders to develop a strategy that will boost the amount of commodities and services that are exported from the state.

Hassan Isa
Hassan Isa
10 months ago

In order to hasten economic expansion, provide employment opportunities for the country’s massive youth population, and fortify tax and other revenue collection mechanisms,

Kazeem1
Kazeem1
10 months ago

The issue of comparing the state to the finest practices around the world and turning it into a model for others is tremendously challenging, but it is not impossible.

Tolaniiii
Tolaniiii
10 months ago

In order to stimulate economic expansion, it is now the responsibility of the state government to create and capitalize on possibilities that arise from increased participation by the private sector.

Christiana
Christiana
10 months ago

In order to create a plan that will increase the volume of goods and services exported from the state, the current administration is working with a wide range of state stakeholders.

Bola12
Bola12
10 months ago

The administration of Lagos state plans to advertise the exported products of local businesses in order to increase foot traffic and brand awareness in markets where these products are sold.

Nwachukwu Kingsley
Nwachukwu Kingsley
10 months ago

technology-enabled innovative ideas should be meeting your needs and the hopes of Lagos residents for a city that is more livable, prosperous, pleasant, safe, and abundant in possibilities for all.

Godsewill Ifeanyi
Godsewill Ifeanyi
10 months ago

its nice this government is also creating public value for business owners in an increasingly unpredictable, uncertain, complex, and confusing setting brought about by problems in the global economy.

Taiwoo
Taiwoo
10 months ago

The only way for the Nigerian economy to expand is if its final products are exported to other countries, where they can be sold for high prices.

Ultra0711
Ultra0711
10 months ago

This is all due to the unwavering efforts of the government puts into development of infrastructure in the state. Lagos is becoming a more desirable and attractive brand that no investor or business can afford to ignore.

Iyanu12345ogg
Iyanu12345ogg
10 months ago

That Lagos State is supporting made in Nigeria products in order to boost it through exportation,they really need to support the entrepreneurial sectors in order to grow is a good thing. Its attracts great positivities.

Remi1
Remi1
10 months ago

The State government must now create and leverage opportunities through more private sector participation in order to quicken economic growth, provide employment opportunities for the massive youth population, and strengthen its capacity to earn money.

Haykaylyon26
Haykaylyon26
10 months ago

If goods are been export to other country it will help in expand the goods since it will be sent to many country and will be patronize and investment

Tonerol10
Tonerol10
10 months ago

Lagos State and stakeholders plan to boost made-in-Nigeria products export. For me all this is never a problem if we can get it right in this country. Exporting goods when the country is still suffering won’t make any results for us

DimOla
DimOla
10 months ago

If Lagos State and stakeholders plan to boost made-in-Nigeria products export, it is possible provided we Nigerians are the first consumers before exporting. Nigerians are fond of castigating Nigerian made products.

SarahDiv
SarahDiv
10 months ago

If Nigeria can a producing nation, it would have improved our economic system. We are solely depending only crude oil for revenue generation. We should be creative and productive as nation. Thanks to Lagos state who have taken the initiative to export Nigerian made products. It will boost our economy.