As part of the efforts of government to accelerate industrialization, the Lagos State Government has disclosed it’s plan to deliver 50 Mega Watt of electricity for 20 hours daily to residents through the Lagos State Electricity Policy.
Governor Babajide Sanwo-olu disclosed this during the weekend at the closing ceremony of the Young Africa Industrialists week in commemoration of the annual Africa Industrialization day held at Adeyemi Bero Auditorium, Alausa, Ikeja.
The Governor who was represented by the Commissioner for Youth and Social Development, Olusegun Dawodu added that the Lagos State Electricity Policy framework is set to create a sub-national electricity sector that will be entirely off the national grid and cater for the electrical needs of households in the state.”
It is time to think outside the box. You can for instance begin to think of developing machines that refine raw materials in small qualities to start with, but runs solely on solar or other forms of clean energy. it is not the time to think of things we don’t have, rather, it is the time to maximize the opportunities at our disposal”, Sanwo- Olu said.
While commending the creativity and resilience of Young Industrialists, Governor Sanwo-olu urged them to tap into the opportunities made available by the state government through finances, entrepreneurship and technical support to provide workable solutions to the challenges of industrialization in the State and Country at large.
“I want you to know that we, the society expect more from you in terms of innovation and creativity that will put an end to the challenges of industrialization in Africa”, he said.
Sanwo-Olu, however, assured that his administration will continue to give listening ears to all ideas put forward by Industrialists and also give maximum support till such ideas develop into the next big invention.
Speaking at the event, the Commissioner for Commerce, Industry and Cooperatives, Hon. Dr. (Mrs) Lola Akande said, the week-long event was impactful and successful.
Akande said that during the four-day exhibition, a team of credible Assessors were on ground to evaluate and score all projects presented by pupils and students of Institutions in the state in order to encourage and inculcating in them a sense of healthy rivalry and innovativeness.
“As a responsive government, we are committed to bring on board partner organizations that would support our young talents and aspiring Industrialists to ensure the commercialization and sustainability of all project initiatives. This will also encourage young aspiring industrialists and act as catalyst for the discovery and development of other young talents” , she said.
“I urge all out promising young talents not to relent in their efforts at making the world, especially our dear State a better environment where technology driver commerce and Industry would have its pride of place”
The Commissioner pledged that the ministry of commerce, industry and Cooperatives will continue to facilitate conducive environment for Commerce to thrive and provide necessary promotional support through Policies and programmes in order to attain a sustainable business environment.
Akande charged all Stakeholders and Blue-chip Companies to rise to the challenge of mentoring and supporting Young Industrialists and Innovators in the state inorder to improve the productivity of industries in the State.
The Permanent Secretary, Ministry of Commerce, Industry and Cooperatives, Olatokunbo Emokpae, enjoined all to take advantage of business interactions and vast networking platform created during the four-day event to impact their businesses for improved productivity that would enhance the growth of the economy.