Business

LASG promises enabling regulation for private sector investment to thrive

The Lagos State Government has promised to ensure enabling regulation was essential for private sector investment to survive and thrive.

Lagos State Governor, Babajide Sanwo-Olu, said this when the Chief Executive Officer and Board of Directors of PZ Cussons Nigeria Plc visited him at Lagos House, Ikeja.

Sanwo-Olu said that any regulation put in place must not only have human face, such regulation should also understand and appreciate that businesses needed to thrive and survive.

According to him, businesses need to do well for them to grow their numbers and have opportunity to recruit and employed more people.

”And this is one of the reasons we are in government. It is important for us as leaders of government to continue to create the enabling environment for businesses to thrive and do well.

”Ease of doing business should not just be a lip service, we must consciously seek that we provide the infrastructure and the structure that can make businesses continue to thrive.

”We know the work ahead, it is clearly defined for us and we know what we are meant to be doing and we are resolute to continue to do that,” he said.

Earlier, the Chairman of PZ Cussons Nigeria Plc, Chief Kola Jamodu, CFR, said that the only way the country could reduce the number of people roaming the streets without jobs was to provide gainful employment.

Jamodu said that gainful employment could be achieved through the manufacturing companies.

He commended the state government for declaring a state of emergency on bad roads, as it was an area causing a lot of problems for the manufacturing sector.

”We have actually calculated it that it is cheaper to move goods to and fro Singapore than it is to move goods from Lagos to Maduguri, just because of the state of the roads,” Jamodu said.

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