The ongoing restructuring of the state-owned industrial hubs, according to the Lagos State Government, will improve the efficiency of MSMEs.
At the same time, the government announced that the Babajide Sanwo-Olu administration was working to finish a new industrial park in the state’s Imota Local Council Development Area.
In a news release issued on Thursday, the state government added that it was open to collaboration in the development of more small- and medium-sized industrial centers for greater economic output and export within the state’s existing enterprise zones.
The Permanent Secretary, Ministry of Commerce, Industry and Cooperatives, Mrs Adetutu Ososanya, disclosed these at a breakfast meeting and exhibition organised by the Nigerian Indonesia Chamber of Commerce and Industry, in partnership with Equipment Manufacturing West Africa Expo and Zenith Exhibitions.
‘Reigniting Manufacturing to Drive Economic Growth and Development’ was the topic of the event, which took place on Wednesday at the Landmark Event Centre in Victoria Island, Lagos.
Ososanya stated, “The government of Governor Babajide Sanwo-Olu is also working to build a new Industrial Estate located in Imota LCDA in addition to the current reorganization of the state’s existing small scale industrial estates that are placed in various commercial axes of the state.
“The government is open to receiving development partners that are prepared to engage with the state government in developing more small and medium-scale industrial hubs for greater economic output and export within the existing enterprise zones in various sections of the state.