……To Set Up Economic Stimulus Agenda
The Lagos State Governor, Mr. Babajide Sanwo-Olu has urged Businesses to ensure stability of prices during this critical period and post Covid-19 as the purchasing power of the masses would likely to be adversely impacted by the scourge.
Sanwo-Olu stated this at the virtual meeting of Chief Executive Officers, CEOs on Covid-19 Business challenges and support held on Wednesday.
The Governor also added that Businesses should as much as possible endeavour to ensure job security is guaranteed.
“The Governor has set up post Covid-19 Economic Stimulus Agenda with the view of fast tracking economy recovery.”
Sanwo-Olu also said that the government will be open to further collaboration and suggestions in writing from organised businesses on how to drive growth and development in Lagos State.
“The Governor will invite organised businesses to a breakfast or lunch session within one month after Covid-19 pandemic to discuss and review how to strengthen the collaboration.”
The meeting which had in attendance 28 MD/CEOs of organised Businesses and Companies in Nigeria was coordinated by Director-General of NECA, Dr. Timothy Olawale, under the umbrella of Nigeria Employers Consultative Association, NECA, brought to the Governor issues and challenges facing businesses at this time such as security, elevate risk to business, properties and staff, dwindling supply to retail malls and outlets, Stimulus for Businesses, need for banks to scale-up operation scope, access to packaging material, custom services, police check points and support for wholesalers among others.
Responding, the Governor said on security, the crisis is not unexpected.
He said he had informed all critical stakeholders in government on the need to be proactive. “From today there will be additional deployment and patrol 24/7 of mobile policemen, the military and paramilitary in the state.
The Governor added security architecture is being led by an Assistant Inspector General of police and the security agents have been briefed to act professionally and responsibly.
He however encouraged businesses to be more security conscious and take proactive steps to protect their staff and properties.
On business continuity, the Governor said Lagos State Government will consider review of the lock down situation after 7 days and strategic relaxation of the lock down may be implemented.
“However, more access will be given to businesses as more lock down relaxation are instituted.
He also assured them that he will speak to the CBN Governor to address the issues of charges on cash deposits and cheque clearing, especially during the lock down period.
“More assistance will be given to organisations involved in packaging to enable them support other essential sectors.
“Also, interest waiver for 3 months for all SMEs and MSMEs under the Lagos State Employment Fund.
The Director-General of NECA, Dr. Timothy Olawale expressed appreciation to the Governor for making out time to speak with the business community.
He thanked the governor for taking proactive steps to address the challenges of businesses in Lagos State.
In response to the Governor’s proposed Breakfast meeting, the DG noted that the Business Community will be willing to host the Governor rather than him hosting the business community.
This he said is to allow for more inclusive attendance for the CEO’s that could not attend the meeting participate in breakfast or lunch meeting.
The DG also appreciated the management of Nigerian Breweries for making available the ICT infrastructure to drive the meeting.
The Government team was led by His Excellency, Governor of Lagos State, Mr. Babajide Sanwo-Olu, supported by the Commissioner of Finance, Dr. Rabiu Olowo.