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‘Lagos will continue to protect foreign investors’

By Gbenga Salau
01 November 2016   |   3:57 am
The speaker of the assembly, Mudashiru Ajayi Obasa, made this assertion yesterday when a delegation of German parliamentarians visited him.
Mudashiru Ajayi Obasa,

Mudashiru Ajayi Obasa,

Lagos State House of Assembly will continue to enact laws and put in place policies that will protect not only the general public, but also foreign investors and their investment.

The speaker of the assembly, Mudashiru Ajayi Obasa, made this assertion yesterday when a delegation of German parliamentarians visited him.

Obasa noted that, with its huge economic base, the fourth biggest in Africa, Lagos still has the potentials for socio-economic growth, which is an incentive for investors.

The state remains the best destination for foreign investment, especially with upgraded infrastructure and secured environment.

“The state government in collaboration with the Assembly has improved the infrastructure in all nooks and crannies of the state. The enactment of the Neighbourhood Safety Corps Law and signing into law by Governor Akinwunmi Ambode has not only showed the commitment of the government to make the state safe for investors but has also improved security in the state especially at the grassroots level,” Obasa said.

He, however, sought for more collaboration between Nigeria and Germany, especially in the areas of economic empowerment and social development.

The leader of the delegation, Mr. Charles M. Huber, acknowledged the existing cordial relationship between his country and Nigeria with special emphasis on Lagos State.

Huber said his country was always ready to contribute to the development of Nigeria and Lagos in particular.

“In every relationship, there are always room for improvement and I’m assuring you that we will continue to improve on our relationship for the mutual benefits of the citizens of the two countries,” he said.