Commissioner
for Commerce, Industry and Cooperatives, Mrs
Olayinka Oladunjoye, who disclosed this at the annual Ministerial Press
Briefing to mark the third anniversary of Governor Akinwunmi Ambode’s
administration held at the Bagauda Kaltho Press Centre in Alausa, said the
government was totally committed to the development of businesses in the Zone,
adding that measures were taken to ensure that the goods meet international
standard before they are exported out of the country.
She
said the Nigeria Customs, Nigeria Export
Processing Zones Authority (NEPZA) and other supporting agencies
coordinated the exporting process of the goods in conjunction with the Standard Organisation of Nigeria (SON),
saying that it was a testament to the fact that the Zone was living up to
expectation.
She
said the Lekki Free Zone, among other things, was conceptualized to develop an
offshore economic growth zone, attract foreign investments, promote export,
create job opportunities, transfer technology, minimise capital flight and
establish a one stop business haven and currently has 22 Free Zone Enterprises
(FZEs) and 18 manufacturing enterprises in operation. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
Oladunjoye
also disclosed that to date, the Joint Venture with the Chinese Consortium has
a total equity investment of $180.4million and has received Foreign Direct
Investment (FDI) totalling $140.2million out of the $200million FDI expected
from the Consortium.
Besides,
she said 125 investors have registered, while 59 investors have their Lease
Agreements, adding that 726 Nigerians have been employed by the FZEs and
N376.5million spent on executing 14 Corporate Social Responsibility (CSR)
projects for host communities.
Hmmm!!!
Folks, let us say the truth and shame the devil. Many Nigerian non-oil products
exporters have been defrauded of huge amount of money in the process of
exporting agricultural commodities and solid minerals to foreign countries. Do
you know why? They were not trained on export operations, management,
documentations and the best methods of payment in export trade. This is
terrible!!! Nigerians cannot continue to lose money to foreigners in the course
of export business. Exporters, would you like to keep on being scammed? Why
don’t you get a practical manual that explains the stages of export trade from
processing and packaging of commodities to receipt of payment by the foreign
buyers? It explains export operations, export management, export documentations
and methods of payment in export trade? Yes, it is a contemporary step-by-step
guide to export trade. It tells all the contemporary dynamics in export trade.
To get it, click on the link below:
She
listed other achievements in the Lekki Free Zone to include $500million FDI
from FZEs in operation, while a Customs Processing Centre (CPC) for Nigeria
Customs Service was established to improve the ease of doing business and
eliminate bottlenecks.
The
Commissioner said the Government has opened its doors to investors willing to
partner the State in the provision of inter-modal transportation infrastructure
within the Lekki Free Zone axis, with emphasis on road and rail system to
accommodate the massive investments coming into the corridor and solve the
attendant traffic challenges.
She
said with the emerging industrial revolution within the Epe-Ibeju-Lekki
corridor of the State especially the Lekki Free Zone, the Lekki Deep Seaport,
the Dangote Refinery and Fertilizer Plants, Lagos was fast becoming the
preferred investment destination across the globe. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
But
she said the State Government was not unmindful of the fact that an integrated
transportation system was critical to the success of the emerging business
activities zone when all the ongoing businesses come on stream.
“However we are not unmindful of the fact that one of the critical
success factors, that is, an integrated transportation infrastructure, must be
catered for along with these various investors’ endeavours within the corridor
for us to harness the full values that these projects will bring on board when
they all fully come on stream,” she
said.
She
said plans are already in top gear to provide a holistic inter-modal
transportation network comprising rail, road and water transportation systems
so as to mitigate future challenges especially traffic congestion in view of
the envisaged estimated 6,650 daily trucks movement within the corridor when
all the ongoing businesses take off fully.
“I said in my report that we do not want to have another Apapa on
our hands. This government is responsive and it’s a government that is
futuristic. In realization of the enormity of the required funding vis-à-vis
the compelling need for transportation infrastructure, notably road and rail
within the Lekki Free Zone corridor, the State Government has encouraged
investors to express interest in of the planned axial roads that would take
vehicular traffic away from the adjoining towns of the area and to Ogun State
and there are other roads that we are working on,” Oladunjoye said.
The
Commissioner assured that the State Government would do everything possible to
fast-track the necessary procurement process for the selection of the
concessionaire to enable construction work begin on the road before the end of
the year. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
On the
Lekki Deep Sea Port, the Commissioner said that work has already commenced
after the ground breaking ceremony performed by the Vice President, Professor Yemi Osinbajo, revealing that
the Port which would be the deepest seaport in Sub-Saharan Africa will create
over 170,000 direct jobs in the State while the first ship is expected to berth
before the end of the first quarter in 2020 when the construction would be
completed.
Speaking
further, Oladunjoye said the State Government has concluded plans to activate
the Memorandum of Understanding (MoU) signed with the Kano State Government
after the Lagos-Kano Summit to set up a leather hub in Lagos.
“Recently I was at the Leather Fair and I saw the extent of the
value chain of leather and was really impressed. Part of the fall out of the
Lagos-Kano Summit is for us to leverage on our strengths and comparative advantage.
Kano is the hub for Leather and our plan is to have a leather hub, a shoe
factory here in Lagos,” she
said.
Have you heard this? Many
Nigerian exporters have been defrauded of huge amount of money in the process
of exporting commodities to foreign countries. Do you know why? They were not
trained on export operations, management, documentations and the best methods
of payment in export trade. This is terrible!!! Nigerians cannot continue to
lose money to foreigners in the course of export business. Exporters, why don’t
you get a practical manual that teaches the stages of export trade from
processing and packaging of commodities to receipt of payment by the foreign
buyers. It teaches export operations, export management, export documentations
and methods of payment in export trade? It is a contemporary step-by-step guide
to export trade. It tells all the contemporary dynamics in export trade. To get
it, click on the link below:
Hmmm!!! Folks, have you ever
imagined how the financial status of your firm will be when more than 20,000
CEOs and other key decision makers of blue-chip corporations pay for your
products and services or even give you very juicy deals. The link below will
tell you more: http://www.tectono-business.com/2015/07/tectono-business-review-in-conjunction_21.html
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