Lagos State Governor, Mr. Akinwunmi Ambode has said the continual downward trend of the naira to the dollar which is making the nation’s forex market to plummet is a challenge that can be perpetually tackled.
The Governor who stated this at the Lagos House in Ikeja when the managing director/CEO of Nigerian Breweries Plc, Mr. Nicolas Vervelde, paid him a courtesy visit in the company of senior management staff of the company, said the country must look inward and start to embrace massive local manufacturing of products and local ownership of businesses.
Ambode said the deficiency which Nigeria is currently experiencing in the economy as a result of the forex challenges was a pointer to the fact that all hands must be on deck to carry out some structural adjustments on the economy and encourage the manufacturing of products needed by Nigerians in the country.
According to him, Nigerian Breweries has shown a very good example of encouraging local ownership of businesses, especially with the transformation of Lagos breweries of the company to a totally Nigerian outfit.
He urged other foreign investors in the country to look toward such direction.
Earlier, Mr. Nicolas Vervelde said with the massive efforts being put in place by Governor Ambode, Lagos is now safe and secured for business. He commended the governor for his acheivements.
The MD also commended governor Ambode the role Lagos is playing in transforming business in Lagos state, he said the Apapa congestion had been solved, the road traffic has improved, there is enhanced safety and security and of course those things are very important and conducive for setting up a positive business environment.
Source: The Leadership