Lagos State governor, Akinwunmi Ambode, has
described the state as the fastest growing mega city in the world, just as he
revealed that its Gross Domestic Product
GDP has hit $136 billion.
He also said the state accounts for over 90
per cent of Nigeria’s foreign trade flow, which invariably contributes 30 per
cent to the country’s GDP and also accounts for 65 per cent of its manufacturing
activity.
The governor who spoke through his Special
Adviser on Overseas Affairs and Investment , Professor Ademola Abass, in
Alausa, Ikeja, yesterday added that it attracted over 293 investors
in a year.
Even with economic recession, he said, government
had attracted more foreign direct investments in the first two years of the
present administration than it did in the past 15 years.
His words:” Lagos, as the economic capital of
Nigeria and the West African sub region with a 136 billion USD GDP, accounts
for over 90 per cent of Nigeria’s foreign trade flow, contributes 30 per cent
to the country’s GDP and also accounts for 65 per cent of its manufacturing
activity”.
“It is our desire to see a prosperous Lagos
that we will all be proud of, in terms of investment, open for business for the
benefit of all.”
Since inception, Office of Overseas, Affairs
and Investment has encouraged investor’s confidence in Lagos, as a place to
conduct business and live in, he said.
Meanwhile the state has raked in N20.774
billion on land related transactions in the past one year. This is against the
2015 revenue of N9.2 billion.
The Special Adviser (Urban Development), Mrs.
Yetunde Onabule, made the disclosure in Alausa, Ikeja, yesterday.
She also revealed that a total sum of N2, 022
billion was paid as compensation to individuals and groups whose lands and
property were acquired for overriding
public interest.
The beneficiaries of the compensation
according to her include, the Abule Egba
Link Bridge, Oko Baba Sawmill, Isale Igangan Regeneration Project, Olorunsogo
Market (Shops), Epe Road Expansion and Mosafejo Community/Olorunsogo
Ultra-Modern Market.
The governor’s aide also said that since the
inception of the Governor Akinwunmi Ambode-led administration, a total of 4,
445 Electronic Certificate of Occupancy (E-C of O) had been signed by the
governor.
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