Lagos State Governor, Babajide Sanwo-Olu, said on Tuesday the state is ready to domesticate the African Continental Free Trade Area (AfCFTA) agreement.
The governor stated this 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.
He said the Lagos government had observed the processes leading to the adoption of the continental trade agreement and positioned itself for market expansion across areas of collaboration.
The governor 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.
According to him, the committee will liaise with the Federal Government’s committee in order to streamline the trade agreement with the state’s economic agenda.
He said that the sustained investment in infrastructure in Lagos State was a deliberate attempt to position its economy for greater inflow of trade and economic partnership.
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.”
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
INVESTIGATION: Multi-million naira Ekiti resort center remains uncompleted a decade after
The multimillion-naira project, expected to comprise recreational buildings, now consists of cassava farmland, a bush used for excretion, and a...
SPECIAL REPORT: Torturous experiences of students with disabilities in Oyo tertiary institutions
For students with disabilities in Oyo state-owned tertiary institutions, learning is a torturous and distressing experience, considering the building structures...
INVESTIGATION: Uncompleted Old Enugu-Onitsha Road brings untold hardship, tears to commuters, residents of Enugu communities
Ugwu Obinna’s younger sister was killed after a truck driver transporting cows rammed into her shop located at the Okpatu...
INVESTIGATION: Students sit on floors, under leaking roofs as multi-million naira project is nowhere to be found in Zamfara
Suleman Tukur, 15, an SS 2 student of Government Day Secondary School (GDSS) Bakura in Bakura local government area of...
INVESTIGATION: UBEC mum as N80m Kebbi secondary school lab equipment still undelivered since 2020
“Our laboratories are not conducive for learning; the termites have destroyed most of these laboratories, and there is not enough...