The Lagos State Commissioner for Commerce and Industry, Olusola Oworu, has described the desire by the Organisation for Economic Cooperation and Development (OECD) team to develop a unilateral and uniform Policy Framework Investment (PFI) for Lagos State Government and the Federal Government, as a move that would help mobilise the quantum of investment across the country and ensure economic growth and sustainable development.
The commissioner made the assertion recently while inaugurating the Lagos State Task Team on OECD PFI, adding that the initiative would further complement the efforts of the present administration to make Lagos State the preferred investment destination in the continent.
Oworu said the present administration in the state is receptive to this intervention because of the need to promote and institutionalise the existence of an investment climate that is supportive of business start-ups and growth, particularly in the pursuit of its economic development agenda.
According to her, the inaugurated team would among other things, provide a check list of important policy issues for consideration by the state government in creating an enabling environment that would be attractive to all investors, design policies and governance structures that would address obstacles militating against business growth and design a reform programme that would guarantee an effective implementation and monitoring of the policy framework.
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