Eko Atlantic City’ll boost Lagos economy, IGR-Ambode

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Gov. Akinwunmi Ambode

Gov. Akinwunmi Ambode

Lagos State Governor, Mr. Akinwunmi Ambode on Sunday embarked on an extensive tour of the Eko Atlantic City project, expressing confidence that the initiative will not only boost the economy of the State, but also increase its Internally Generated Revenue (IGR).

Ambode, who was accompanied on the tour by members of the State Executive Council, pledged the total commitment of his administration towards the success of the project, saying that it would go a long way to facilitate the quest to boost the State’s economy.

“I would like to express the total support of this government to this project because at the end of the day we need to grow the economy of Lagos and this obviously is going to have multiplier effect on our IGR. We promise that we are going to grow our IGR to N30bn by 2017 and N50bn by 2018 and this project is a sure outlet in achieving that goal,” he said.

He also expressed satisfaction on the infrastructure already put in place, saying that it now behooved on investors to take advantage of the massive opportunities.

The Eko Atlantic City project is a multi-billion dollar project sitting on over 10 million square metres and is expected to accommodate over 150,000 people who would reside there and another 250,000 who would work and commute within the city on a daily basis.

While commending the promoters of the project for their confidence in committing huge resources to the Nigerian economy, Ambode said their investment was a positive sign that Nigeria remained the investment hub in Africa.

“Notwithstanding the economic recession that has befallen the country right now; we have come to also show that outside the recession, there is a whole lot of progress going on in the investment climate in Lagos State.

“We are very happy that the signs are …Read More

Source:: PM Newspaper