BUSINESS

“Coming to Lagos is a right step” Ruwase tells Singaporean investors

&NewLine;<p class&equals;"wp-block-paragraph"><em><strong>President Buhari’s Ease of Doing Business and &OpenCurlyDoubleQuote;Next Level” policies seem to be boosting investors’ confidence&period;<&sol;strong> <&sol;em><&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph"><em><strong>This evidently manifested on July 22 at Four Points by Sheraton Hotel when Babatunde Ruwase&comma;  President&comma; Lagos Chamber of Commerce and Industry&comma; LCCI&comma; played host to visiting investors from Singapore who came under the auspices of Singapore Business Federation&comma; SBF&comma;  the country’s apex business chamber championing the interests of the Singapore business community in the areas of trade&comma; investment and industrial relations &period;<&sol;strong><&sol;em><&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph"><em><strong>In his speech&comma; Ruwase&comma; who presides over LCCI&comma; the Nigerian equivalent in trade protection and promotion&comma; assured the investors of the Chambers supports in consolidating their business interests for early and steady returns on investment<&sol;strong><&sol;em><&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">&OpenCurlyDoubleQuote;The&NewLine;Lagos Chamber of Commerce and Industry welcomes you all to this&NewLine;Nigeria-Singapore Bilateral Business Forum and B2B session&period; <&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">The&NewLine;Lagos Chamber of Commerce and Industry has partnered with several institutions&NewLine;to promote International trade relations between Nigeria and other Countries&period;&NewLine;The promotion of Trade and Investment is a key mandate of the LCCI&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">&nbsp&semi;Nigeria and Singapore have a long history of&NewLine;strong bilateral relations and this forum is an avenue to further strengthen&NewLine;such relationships&period; Statistics show that Bilateral Relations between our two&NewLine;countries have brought about a trade volume of about N850 Billion &lbrack;&dollar;2&period;5Billion&rsqb;&NewLine;between 2011 to 2015&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">The&NewLine;scope of economic relations between Nigeria and Singapore is still not&NewLine;consistent with the long-standing cordial relations between both countries&period; <&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">This&NewLine;may be attributed to the apparent inadequate knowledge of the many investment&NewLine;opportunities in both countries&period; Nigeria is a vast market with huge potentials&NewLine;for prospective foreign investors and so is Singapore&period; <&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">Regrettably&comma;&NewLine;investors from both sides do not have adequate information about these&NewLine;opportunities&period; <&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">With&NewLine;recent incentives for Foreign Investment under the Ease of Doing Business&NewLine;initiative established by the Federal Government&comma; investing in Nigeria is a&NewLine;good opportunity to tap into for foreign investors&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">&nbsp&semi;Nigeria is an economic powerhouse in West&NewLine;African region&comma; it is one of the Africa’s fastest growing economies and Lagos&NewLine;State is the hub for Business and Economic Activities therefore your visit to&NewLine;Nigeria and Lagos State in particular is a step in the right direction towards&NewLine;strengthening our diplomatic and economic ties&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">&nbsp&semi;Once again&comma; I welcome our guests from&NewLine;Singapore and urge you all to have meaningful interactions&period; <&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">Thank&NewLine;you&period;”<&sol;p>&NewLine;

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