The Lagos State Authorities has introduced plans to accomplice with Guangdong Province in China to advance know-how and the blue economic system, with the aim of enhancing the standard of life for residents.
The Secretary to the State Authorities (SSG), Mrs. Bimbola Salu-Hundeyin, disclosed this throughout a courtesy go to on Friday by Mr.
He Rusheng, Deputy Director Common of the International Affairs Workplace of the Folks’s Authorities of Guangdong Province.
The assembly occurred on the SSG’s workplace in Ikeja.
Talking on behalf of Governor Babajide Sanwo-Olu, Salu-Hundeyin mentioned each areas would collaborate on initiatives in tradition, tourism, know-how, and the blue economic system, all aimed toward driving financial progress and enhancing the livability of Lagos.
MoU to spice up FDIs
She revealed {that a} Memorandum of Understanding (MoU) would quickly be signed between the 2 governments, paving the way in which for elevated overseas direct funding (FDI) into Lagos.
- In accordance with her, Governor Sanwo-Olu would proceed to advance initiatives that enhance the state’s financial welfare and elevate the residing requirements of its residents.
- She famous that this isn’t the primary collaboration between Lagos State and a Chinese language province, including that the state stays open to mutually useful worldwide partnerships.
“As Mr. Governor would typically say, Lagos is a state with out borders with regards to worldwide collaborations. We’re at all times open to partnerships that ship measurable advantages,” she mentioned.
“We’re keen to collaborate so long as now we have a mutually useful consequence and outcomes from the collaborations,” she added.
Guangdong able to strengthen partnership
In his remarks, Mr. He Rusheng, who additionally serves as Vice President of the Guangdong Folks’s Affiliation for Friendship with International Nations, recalled a earlier go to to Lagos in 2019 that was disrupted by the COVID-19 pandemic.
He emphasised Guangdong’s readiness to revive and strengthen the proposed partnership.
- Rusheng highlighted Lagos’ strategic significance as a gateway to African markets and its financial similarities with Guangdong, making it a pure accomplice for collaboration.
- He known as on the Lagos State Authorities to assist Guangdong-based companies within the state by fostering a extra enabling surroundings.
- He additionally urged each events to fast-track the implementation of joint initiatives to unlock larger financial and social growth.
What it is best to know
Earlier this week, Nigeria and China introduced their renewed dedication to strengthening their strategic partnership by advancing legislative cooperation and commerce reforms aimed toward enhancing the convenience of doing enterprise, deepening infrastructure collaboration and correcting structural commerce imbalances that proceed to undermine Nigeria’s industrial aspirations.
These commitments have been made through the Nigeria-China Sustainable Enterprise, Bilateral Commerce and Funding Summit in Lagos, a high-level discussion board convened to align legislative priorities with worldwide financial cooperation.
On the occasion, Speaker of the House of Representatives, Tajudeen Abbas, whereas commending the maturity of Nigeria-China relations, famous that Chinese language corporations have performed a significant position in Nigeria’s infrastructural growth, together with the development of key initiatives comparable to roads, railways and airports, which aligns with the Home’s legislative targets of financial diversification and nationwide growth.
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