Investment profile
• States jostle for investor confidence
• Bad roads, vehicle repairs raise the cost of operations
From Ogun State, manufacturing activities and investments may be returning gradually to Lagos owing to the parlous state of infrastructure in the former and the likelihood of ease of market access in the latter.
Lagos had five years ago, lost the position to its neighbour when many of its industrial estates were being converted to religious and event centres as well as residential areas.
Ogun State overtook Lagos as Nigeria’s leading industrial hub, with virtually all the large enterprises in Lagos having a factory in the state. But the state has been hard hit by insecurity, poor infrastructure and revenue-driven regulatory agencies hampering investments, according to investigations.
The tide may be changing for Lagos, has witnessed growth in gas pipeline networks to industrial estates, thus increasing electricity supply to some areas and an easily…
Source: Guardian Newspaper
