Lagos Accounts for 90% of Nigeria’s Foreign Trade Flow- Ambode

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Oluwatosin Lamidi

The State governor, Akinwunmi Ambode, has said the state accounts for over 90 per cent of Nigeria’s foreign trade flow, which invariably contributes 30 per cent to the country’s GDP and also accounts for 65 per cent of its manufacturing activity.

Ambode also described the state as the fastest growing mega city in the world, just as he revealed that its Gross Domestic Product GDP has hit $136 billion.

The governor who spoke through his Special Adviser on Overseas Affairs and Investment , Professor Ademola Abass, in Alausa, Ikeja, yesterday added that it attracted over  293  investors in a year.

According to him, despite the economic recession, government had attracted more foreign direct investments in the first two years of the present administration than it did in the past 15 years.

His words:” Lagos, as the economic capital of Nigeria and the West African sub region with a 136 billion USD GDP, accounts for over 90 per cent of Nigeria’s foreign trade flow, contributes 30 per cent to the country’s GDP and also accounts for 65 per cent of its manufacturing activity”.

“It is our desire to see a prosperous Lagos that we will all be proud of, in terms of investment, open for business for the benefit of all.”

Since inception, Office of Overseas, Affairs and Investment has encouraged investor’s confidence in Lagos, as a place to conduct business and live in, he said.

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