Pictures: Governor Akinwunmi Ambode At the National Economic Council Meeting At State House, Abuja

Pictures: Governor Akinwunmi Ambode At the National Economic Council Meeting At State House, Abuja

 Lagos State Governor & representative of South West Zone on National Road Safety Advisory Council (NARSAC), Mr. Akinwunmi Ambode; his Gombe and Delta States counterpart, Governor Ibrahim Dankwambo; Governor Ifeanyi Okowa; FCT Minister, Mohammed Bello and Minister of Transportation, Mr Rotimi Amaechi during the inauguration of NARSAC at the Council Chamber, State House, Abuja, on Thursday, February 16, 2017.
Lagos State Governor & representative of South West Zone on National Road Safety Advisory Council (NARSAC), Mr. Akinwunmi Ambode; his Gombe and Delta States counterpart, Governor Ibrahim Dankwambo; Governor Ifeanyi Okowa; FCT Minister, Mohammed Bello and Minister of Transportation, Mr Rotimi Amaechi during the inauguration of NARSAC at the Council Chamber, State House, Abuja, on Thursday, February 16, 2017.
Lagos State Governor & representative of South West Zone on National Road Safety Advisory Council (NARSAC), Mr. Akinwunmi Ambode (middle), with his Gombe and Delta States counterpart, Governor Ibrahim Dankwambo (2nd right), Governor Ifeanyi Okowa (right); Corp Marshal/Chief Executive, Federal Road Safety Corps (FRSC), Mr. Boboye Oyeyemi (2nd left) and Minister of Finance, Mrs. Kemi Adeosun (left) during the inauguration of NARSAC at the Council Chamber, State House, Abuja, on Thursday, February 16, 2017.
Lagos State Governor & representative of South West Zone on National Road Safety Advisory Council (NARSAC), Mr. Akinwunmi Ambode (middle), with his Gombe and Delta States counterpart, Governor Ibrahim Dankwambo (2nd right), Governor Ifeanyi Okowa (right); Corp Marshal/Chief Executive, Federal Road Safety Corps (FRSC), Mr. Boboye Oyeyemi (2nd left) and Minister of Finance, Mrs. Kemi Adeosun (left) during the inauguration of NARSAC at the Council Chamber, State House, Abuja, on Thursday, February 16, 2017.
Lagos State Governor, Mr. Akinwunmi Ambode (2nd right); his Ekiti State counterpart, Governor Peter Ayo Fayose (right); Minister of Transportation, Mr Rotimi Amaechi (left) during the National Economic Council meeting at the Council Chamber, State House, Abuja, on Thursday, February 16, 2017
Lagos State Governor, Mr. Akinwunmi Ambode (2nd right); his Ekiti State counterpart, Governor Peter Ayo Fayose (right); Minister of Transportation, Mr Rotimi Amaechi (left) during the National Economic Council meeting at the Council Chamber, State House, Abuja, on Thursday, February 16, 2017
Lagos State Governor, Mr. Akinwunmi Ambode (2nd right), with Minister of Transportation, Mr. Rotimi Amaechi (right); Ondo State Governor-elect, Mr. Rotimi Akeredolu (2nd left) and Jigawa State Governor, Alhaji Badaru Abubakar (left) during the National Economic Council meeting at the Council Chamber, State House, Abuja, on Thursday, February 16, 2017.
Lagos State Governor, Mr. Akinwunmi Ambode (2nd right), with Minister of Transportation, Mr. Rotimi Amaechi (right); Ondo State Governor-elect, Mr. Rotimi Akeredolu (2nd left) and Jigawa State Governor, Alhaji Badaru Abubakar (left) during the National Economic Council meeting at the Council Chamber, State House, Abuja, on Thursday, February 16, 2017.
 Lagos State Governor & representative of South West Zone on National Road Safety Advisory Council (NARSAC), Mr. Akinwunmi Ambode (2nd left), exchanging pleasantries with the Acting President, Prof. Yemi Osinbajo (2nd right) while Kwara State Governor, Abdulfatah Ahmed (left); Minister of Finance, Mrs. Kemi Adeosun (behind) and Minister of Transportation, Mr Rotimi Amaechi (right), watch with admiration during the inauguration of NARSAC at the Council Chamber, State House, Abuja, on Thursday, February 16, 2017.
Lagos State Governor & representative of South West Zone on National Road Safety Advisory Council (NARSAC), Mr. Akinwunmi Ambode (2nd left), exchanging pleasantries with the Acting President, Prof. Yemi Osinbajo (2nd right) while Kwara State Governor, Abdulfatah Ahmed (left); Minister of Finance, Mrs. Kemi Adeosun (behind) and Minister of Transportation, Mr Rotimi Amaechi (right), watch with admiration during the inauguration of NARSAC at the Council Chamber, State House, Abuja, on Thursday, February 16, 2017.
#GermanAfricanBusinessSummit: Lagos Is Open For Business

#GermanAfricanBusinessSummit: Lagos Is Open For Business

…Africa Has Potentials To Be A Great Continent

Lagos State Governor, Mr Akinwunmi Ambode on Thursday said the State is willing, able and ready to partner with investors within and outside Africa, just as he said that adequate measures have been put in place to enhance the ease of doing business within the State.

 Governor Ambode, who spoke at the second edition of German-African Business Summit held in Nairobi, Kenya, said as Africa’s model mega city, Lagos is strategically positioned to play a leading role in propelling development on the continent, adding that as a result of the growing investors’ confidence, the State is fast becoming a preferred destination for investors in Africa.

Giving statistics about State, the Governor said apart from being the 5th largest economy and fastest growing city in Africa with a population of over 22 million people comprising overwhelming proportion of middle class income earners, Lagos is also the contributor of 30 percent of Nigeria’s Gross Domestic Product (GDP) and the leading contributor to the non-oil sector GDP.

“Lagos accounts for over 60 percent of the country’s industrial and commercial activities; over 70 percent of national maritime cargo freight; over 80 percent of international aviation traffic, and over 50 percent of Nigeria’s energy consumption.

“Also, Lagos is the nexus of Nigeria’s section of Trans-African Highway which is being boosted by our enormous investment on the expansion of the Lagos Badagry Expressway, the primary ECOWAS highway, into 10-Lanes with Bus Rapid Transit (BRT) and the first light rail metro transit in West Africa.

“With these and the State’s 180km Atlantic waterfront criss-crossed by maze of creeks and lagoons, Lagos is an investment and tourist delight,” the Governor said.

While alluding to the measures put in place so far by his administration, Governor Ambode said the policy objectives were based on a tripod of security, infrastructural development and job creation, saying that such was further driven by desire to build a sustainable economy that is minimally dependent on federal allocation, but a private sector driven economy through local and foreign direct investment.

Specifically, the Governor said in less than two years, his administration pursued a governance structure that is primarily focused on creating an enabling environment for economic growth, job/wealth creation through friendly policies and incentives to bring about ease of doing business.

He said one of such policies was the establishment of the Office of Overseas Affairs and Investment (Lagos Global), which is a one-stop-shop that simplifies official processes and procedures leading to a significant reduction in the time that it takes to conclude transactions with government.

The Governor, who said that Lagos is open for business, said government has also demonstrated serious commitment to safety and security of lives and property, a development which he said had earned the security outfit of the State (Rapid Response Squad) recognition as the most effective and efficient in Africa.

He said:”Our judicial process has also been adjudged as the most progressive and modern in Nigeria.  This is a result of the various reforms that were initiated to facilitate quick, just and fair adjudicatory process rooted in the rule of law. Just over a week ago, Lagos State hosted a summit on Administration of Criminal Justice in Nigeria. The objective of this summit was to generate ideas that will align our laws with the realities of technology-driven 21st century.

“As a result of the growing investors’ confidence, Lagos State is fast becoming a preferred destination for investors in Africa. As a matter of fact, the aggregate of Foreign Direct Investment that had been attracted to Lagos State in the past 16 months is more that was achieved in the last 10 years.”

Speaking on Africa as a continent, Governor said it was time for African leaders to develop lasting solutions to the myriad of challenges confronting the continent and work towards joining the mainstream of global economy, saying that the continent has all it takes to become a force to reckon with.

The Governor decried the assessment of Africa based on her potentials rather than actual contribution to the global economy, insisting that such ought not to be the case considering the abundance of indices of greatness in the continent.

“With a population of over 1.2 billion people and national endowments, Africa has all it takes to be a great continent.  Ironically, despite her abundant human and material resources, the continent is still being assessed based on her potentials rather than actual contribution to the global economy.

“The 21st century therefore presents another opportunity for us to develop lasting solutions to our challenges and join the mainstream of the global economy by leveraging on our competitive advantage,” Governor

An Address Delivered At The German-African Business Summit (GABS) 2017, Titled ‘Economic Growth In Africa – Lagos State Perspective’, In Nairobi, Kenya

An Address Delivered At The German-African Business Summit (GABS) 2017, Titled ‘Economic Growth In Africa – Lagos State Perspective’, In Nairobi, Kenya

I am pleased to be here. I have come with a powerful delegation from Lagos which is a strong indication of our belief in Africa and her friends. We are excited to be at this second edition of the German-African Business Summit. With a population of over 1.2 Billion people and national endowments, Africa has all it takes to be a great continent.  Ironically, despite her abundant human and material resources, the continent is still being assessed based on her potentials rather than actual contribution to the global economy.

The 21st century therefore presents another opportunity for us to develop lasting solutions to our challenges and join the mainstream of the global economy by leveraging on our competitive advantage.

As a role model mega city, Lagos State is strategically positioned to play a leading role inpropelling development on the continent. As we speak, Lagos State is the 5th largest economy and fastest growing city in Africa with a population of over 22 million people comprising overwhelming proportion of middle class income earners.

In Nigeria, Lagos contributes 30% of the nation’s GDP and also the leading contributor to the non-oil sector GDP. It accounts for over 60% of the country’s industrial and commercial activities; over 70% of national maritime cargo freight; over 80% of international aviation traffic, and over 50% of Nigeria’s energy consumption.

Also, Lagos is the nexus of Nigeria’s section of Trans-African Highway which is being boosted by our enormous investment on the expansion of the Lagos Badagry Expressway, the primary ECOWAS highway, into 10-Lanes with Bus Rapid Transit (BRT) and the first light rail metro transit in West Africa. With these and the State’s 180km Atlantic waterfront criss-crossed by maze of creeks and lagoons, Lagos is an investment and tourist delight.

Our policy objectives are based on a tripod of security, infrastructural development and job creation. This is furtherdriven by our desire to build a sustainable economy that is minimally dependent on federal; allocation, a private sector driven economy that, through a local and foreign direct investment haven.

Towards this end, we have pursued in less than two years of our administration; a governance structure that is primarily and essentially focused on creating an enabling environment for economic growth, job/wealth creation through friendly policies and incentives (Ease of Doing Business).

One of such policies which has and continues to make incredible impact in terms of gaining investors’ confidence is the establishment of the Office of Overseas Affairs and Investment (Lagos Global). It is a one-stop-shop that has simplified official processes and procedures leading to a significant reduction in the time thatit takes to conclude transactions with government.

I need to also inform you that we have demonstrated serious commitment to the issue of safety and security of lives and property.  Our effort in this area was recently acknowledged with the recognition of the security outfit (Rapid Response Squad) as the most effective and efficient in Africa.

Our judicial process has also been adjudged as the most progressive and modern in Nigeria.  This is a result of the various reforms that were initiated to facilitate quick, just and fair adjudicatory process rooted in the rule of law. Just over a week ago, Lagos State hosted a summit on Administration of Criminal Justice in Nigeria. The objective of this summit was to generate ideas that will align our laws with the realities of technology-driven 21st century.

As a result of the growing investors’ confidence, Lagos State is fast becoming a preferred destination for investors in Africa. As a matter of fact, the aggregate of Foreign Direct Investment that had been attracted to Lagos State in the past 16 months is more than what was achieved in the last 10 years.

Distinguished ladies and gentlemen, Lagos State is open for business. We are willing, able and ready to partner with investors within and outside the continent.  I therefore look forward to welcoming you to Lagos State and providing all the support that will be necessary to facilitate investment decisions within a business friendly climate.

Thank you for your kind attention.

Mr. Akinwunmi Ambode

Governor of Lagos State,

Nairobi – Kenya.

 

9thFebruary, 2017.

Pictures: Governor Akinwunmi Ambode At The German-African Business Summit in Nairobi, Kenya

Pictures: Governor Akinwunmi Ambode At The German-African Business Summit in Nairobi, Kenya

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Lagos State Governor, Mr. Akinwunmi Ambode (right), exchanging pleasantries with Deputy Managing Director of TGI Group, Mr. Christian Wessels (left) while the Consul General of Germany, Mr. Ingo Herbert (middle), watches during the German-African Business Summit in Nairobi, Kenya, on Thursday, February 9, 2017
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Lagos State Governor, Mr. Akinwunmi Ambode (middle), with the Consul General of Germany, Mr. Ingo Herbert (left) and Head, Delegation of the German Industry & Commerce to Nigeria, Dr. Marc Lucassen (right) during the German-African Business Summit in Nairobi, Kenya, on Thursday, February 9, 2017

 

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R-L: Lagos State Governor, Mr. Akinwunmi Ambode; Special Adviser, Office of Overseas Affairs & Investment (Lagos Global), Prof. Ademola Abass; Nigerian-German Business Associate, Mr. Justin Chuma Anosike and Non-Eexecutive Director, Centum Investment Company Limited, Dr. Christopher Kirubi during the German-African Business Summit in Nairobi, Kenya, on Thursday, February 9, 2017.

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Lagos State Government Receives Certificate Admitting Lagos Into World’s 100 Resilient Cities

Lagos State Government Receives Certificate Admitting Lagos Into World’s 100 Resilient Cities

Lagos State Governor, Mr. Akinwunmi Ambode on Tuesday received the Certificate of Admission of the State as one of the 100 Resilient Cities (100RC) in the world pioneered by the Rockefeller Foundation, saying that it was a starting point and a positive partnership that would help the State address the challenges of urban planning, transport gridlock, environment and modern infrastructure.

Governor Ambode, who spoke at the presentation of the certificate held at the Renaissance Hotel, Ikeja, Lagos, said the development was not only historic in the annals of the State but a confirmation that the efforts to build a globally competitive State had received international recognition.

The Governor said it was gratifying to note that despite the challenges faced by the State in many areas including transportation, security, ocean surge, flooding, high unemployment rate, pressure on physical and social infrastructure, growth of slums and a huge housing deficit, Lagos remained resilient and ever progressive.

While alluding to the objective of his administration to make every community in Lagos economically liveable and stem rural-urban flight, the Governor said deliberate initiatives have been put in place to address the housing deficit, transport challenges and economic development, among others.

He said: “We acknowledge these challenges and needs; and now as a member of the 100 resilient Cities of the World, we have a platform to compare notes with cities who have similar experiences and create innovative and mitigating strategies.

“Lagos is currently home to about 23 million inhabitants with an estimated 86 people moving into Lagos every hour. This creates challenges of managing a daily increase in human and vehicular movement,” he said.

The Governor, who said that resilience had always been part of the Lagos story, said despite the fact that the State remained the smallest state in Nigeria by geographical size, it is the largest by population and economic power.

He particularly recalled the manner with which Lagos contained the outbreak of the Ebola virus in 2015 and secured residents from a terrible epidemic.

While speaking on the plans for the State, Governor Ambode said his administration was currently in partnership with the Agence Francaise de Development (AFD) to upgrade 2 blighted settlements in Bariga and Amukoko.

“We have initiated many interventions all over the State to shorten road travel time and we are in talks with the Japanese International Corporation Agency (JICA) to introduce rail transportation in the Ikoyi-Lekki corridor. We have also engaged in massive road construction and opening-up of our rural communities, continuous clearance of drainages and the upgrade and construction of Primary Health Care Centers (PHCs). Our objective is to make every community in Lags economically liveable and stem rural-urban flight.

“In response to the high unemployment figures, we created the Lagos State Employment Trust Fund to provide cheap source of funding to our young entrepreneurs and SME’s. The Fund started disbursement to beneficiaries in December 2016 and more funds will be made available to in the coming months to stimulate economic activity and get more of our young people employed.

“The ocean surge is a huge challenge and the Lagos State Government in partnership with notable investors have invested in the development of Eko Atlantic City to not only contain the ocean surge but to deliver a new city which will be a future financial, commercial and tourism centre,” he said.

In his opening remarks, Lagos State Commissioner for Finance, Economic Planning and Budget, Mr Akinyemi Ashade said the selection of Lagos among the 100 Resilient Cities was sign post of a new dawn for the State in terms of ability to adapt to some of the risks and shocks it may be exposed to and how to effectively treat and overcome them.

He recalled how Governor Ambode issued a directive in August 2016 for commencement of process for Lagos to be selected, adding that the feat, apart from taking the delivery of electoral promises a notch higher in terms of concrete and measurable deliverables to the citizenry, would also compliment the vision of the present administration to make Lagos Africa’s model mega city of choice.

Earlier, President of 100 Resilient Cities, Mr Michael Berkowitz said out of the over 1,000 applications received and three rounds of selection process, Lagos was chosen for its innovative leadership, infrastructural strides and influential status not just in Africa but in the world.

He said the organization, by the initiative, was hoping to help cities change the way they think about their resilient opportunities and to see an integration between challenges.

“Sometimes cities think about transport, just about moving people; housing, just about housing people; economic development, just about creating jobs but cities get better when they think about those things in an inter-related way.

“We are trying to inspire a movement across the world to change the way cities approach their risks and opportunities and so Lagos is not just the most influential city in West Africa or the continent but around the world and that was very appealing to us,” Berkowitz said.

The Governor later signed a Memorandum of Understanding (MoU) with the Mayor of Paynesville, Liberia, Mrs Cyvette Gibson, which would facilitate information sharing around resilience in the two cities with the view to bring about economic development