Lagos positioned for greater business opportunities , ready for AfCFTA

By Ezurike Ugochukwu

The sustained investment in infrastructure in Lagos State has been declared as a deliberate attempt to position its economy for greater inflow of trade and economic partnership.

To this end, the governor has said the state was ready to take advantage of the AfCFTA for growth, adding that a local action committee would be set up by the state government.

The State Governor Babajide Sonwo-Olu who stated this on Tuesday in Lagos when the Minister of Industry, Trade and Investment, Chief Adeniyi Adebayo, led members of the National Action Committee on nationwide sensitisation on AfCFTA on a courtesy visit to him at the Lagos House, Ikeja.

The governor stated the resolve of the state to domesticate the AfCFTA agreement, stated that the committee to be set up will liaise with the Federal Government’s committee in order to streamline the trade agreement with the state’s economic agenda.

Sanwo-Olu said Lagos would not relent in its effort to scale up the necessary infrastructure to drive growth and socio-economic development.

He said: “We are ready to work with the National Action Committee to domesticate the agreement for a good outcome. As a commercial centre, we will play a leadership role in the comity of states.

”We know there is a need to scale up investment in infrastructure and build the capacity to be able to take full advantage of what the AfCFTA has to offer for our economy.

“This effort will be sustained so that Lagos can fully be positioned to benefit from the free trade agreement.”