Sanwo-Olu assures manufacturers of adequate support for business growth

By Adeola Ogunrinde

The governor of Lagos state, Babajide Sanwo-Olu, has reiterated his administration’s commitment to supporting manufacturers with business-friendly regulations for the growth of their businesses.

Sanwo-Olu gave the assurance during the completion ceremony of the First 2,000 vehicles assembled
by GAC Motors in Ogba, Ikeja, on Tuesday.

The governor stated that his administration is committed to ensuring Lagos remains the first choice for business in Nigeria and West Africa.

He assured the manufacturers of business-friendly regulations, provision of infrastructure and investments in quality technical education to produce world-class workforce.

While applauding the firm’s remarkable milestone of assembling 2,000 vehicles on Lagos soil, Sanwo-Olu added “accomplishment is not just a testament to their expertise, but a reflection of the promising synergy between international partnerships and local talent.

“In a rapidly globalizing world, such collaborations are the propellers of sustainable economic growth.”

Sanwo-Olu acknowledged that the ripple effect of the firm’s establishment extends beyond the automotive sector.

The governor added “It has ushered in a new dawn of employment, providing our industrious youth with well-deserved jobs, thereby contributing significantly to reducing unemployment rates in Lagos State.”

He said the skills transfer and technical training programmes initiated by firm have empowered many unemployed individuals, arming them with the requisite skills to thrive in today’s competitive job market.

Speaking on the palpable wealth creation derived from the venture, the governor said “Through increased economic activity, supply chain development and ancillary businesses, wealth is being created and evenly distributed among our people.”

He said the synergy provides affordable and quality
transportation for Lagosians, as well as opens up a plethora
of entrepreneurial opportunities for many.

Also, Chairman CIG Motors, Diana Chen, said the business started with the Memorandum of Understanding (MoU) signed with Lagos State in year 2020, adding that the company was committed to working with the federal government on intra-city and sustainable transportation technology.