MARKET UPDATE
FEBRUARY 20, 2018NIGERIA STOCK EXCHANGE (Market Open) SUMMARY:All Share 41,708.15Index Deals 6,309.00Volume 470,520,500.00Value 3,682,735,640.95Market Cap 9,729,801,517,975.87TOP GAINERSWAPCO 50 (51)ZENITHBANK 29.4 (30)BERGER 9 (9.45)ACCESS 11.55 (12)DANGSUGAR 20.7 (21)TOP LOSERSNESTLE 1360 (1320)DANGCEM 272 (258.7)NB 133 (127.8)GUINESS 110 (105)INTBREW 60 (57.5)Buying:USD 304.9GBP 422.4694 EURO 373.8684 SWISS FRANC 324.9147 YEN 2.806 Selling:USD 305.9GBP 423.855EURO 375.0946375.0946SWISS FRANC 325.9804YEN 2.8152CNBC COMMODITY PRICES (USD)Crude Oil (Bonny light) $70.44Natural Gas 2.617 (0.065)Gold 1330.00 (3.60) Silver 16.55 (-0.02)Copper 3.1625 (0.076)Wheat 462.50 (-1.50)Coffee 123.95 (0.45)Cotton 76.97 (-0.48)Cocoa 2046.00 (39.00) 
Tuesday , February 20 2018
Home » BUSINESS » Trade Fair: Ambode restates commitment to economic recovery

Trade Fair: Ambode restates commitment to economic recovery

Gov. Akinwunmi Ambode of Lagos State has restated his administration’s commitment to the country’s economic recovery through provision of access to credit for Micro, Small and Medium Enterprises (MSMEs).

Ambode, represented by Mr Tunji Bello, Secretary to the State Government, made the assertion on Sunday during the Lagos State Special Day at the 31st Lagos International Trade Fair.

The Trade Fair with the theme, “Positioning the Nigerian Economy for Diversification and Sustainable Growth’’ is organised by LCCI.

Ambode said that the government was providing conducive business environment to accommodate all shades of investors.

“Lagos State, indeed is a discerning investors’ delight.

“Apart from improving the quality of life of our citizens, we have started the process of generating 200 megawatts of electricity for the state,’’ he said.

The state is constructing more roads and rehabilitating already existing ones to ease the lives of Lagosians.

He said LCCI had been a front liner in policy advocacy, trade promotion and advancement of the nation’s economy.

Prince Rotimi Ogunlewe, Lagos State Commisioner for Commerce, Industry and Cooperatives, urged the public to support MSMEs growth by patronising locally produced goods.

He underscored the need for collaboration between the state and the private sector toward enhancing investments in the state.

The President of LCCI, Mrs Nike Akande, urged the state to proactively tackle the peculiar challenges of urbanisation to make the state compete with global cities in terms of infrastructure and livability.

Akande noted that the state with a fast growing population of above 22 million people, hosts several large and small industries.

“As mega cities emerge in Nigeria, there is need to proactively tackle the peculiar challenges of urbanisation,’’ she said.

She noted that the latest figure from the National Bureau of Statistics (NBS), showed that the state generated the highest Internally Generated Revenue in the country, put at about N302 billion in 2016.

Akande said that the Annual States Viability Index (ASVI), computed by Economic Confidential, revealed the state as coming first with 169 per cent.

She urged the state to create a conducive business environment for businesses to thrive and have a bigger capacity to generate jobs and lift people from poverty.

Tiny URL for this post:
 

Share This:

About Author