MARKET UPDATE
NOVEMBER 20, 2017 NIGERIA STOCK EXCHANGE (Market Open) SUMMARY:All Share Index 37,312.28Deals 3,778.00Volume 336,335,271.00Value 30,023,311,037.26Market Cap 12,913,669,777,339.03TOP GAINERSDANGCEM 229.01 (238)FO 44.1 (47.97)OKOMUOIL 65 (67.99)GLAXOSMITH 25 (25.25)NASCON 15.26 (15.4)TOP LOSERSNB 143.9 (138.98)GUARANTY 43 (41.69)INTBREW 50 (49.55)CUSTODYINS 3.9 (3.72)ZENITHBANK 25 (24.84)Buying:$USD 304.95GBP 401.7106 EURO 355.1753SWISS FRANC 306.6057 YEN 2.6877 Selling:$USD 305.95£GBP 403.0279EURO 356.34SWISS FRANC 307.6111YEN 2.6965CNBC COMMODITY PRICES (USD)Crude Oil (Bonny light) $64.45Natural Gas 3.213 (UNCH)Gold 1277.80 (3.6001) Silver 16.985 (0.114)Copper 3.131 (0.055)Wheat 442.00 (-7.00)Coffee 130.90 (UNCH)Cotton 69.57 (0.43)Cocoa 2207.00 (-5.00)
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

Leave a Reply

Your email address will not be published. Required fields are marked *

*