The Lagos government says it is committed to fostering a vibrant, sustainable, and resilient industrial landscape that is innovative, inclusive, and globally competitive.

The Commissioner for Commerce, Cooperatives, Trade, and Investment, Folashade Ambrose, said this on Monday during the Lagos State Industrial Policy Consultative Assembly and Validation Workshop, organised by the ministry in Alausa.

According to her, Lagos needs to recalibrate its industrial policies to align with domestic imperatives and international best practices as the world transitions towards a new era.

Ms Ambrose added that the new era of economic modernisation is driven by technology, sustainability, and global competitiveness,

“Industrial Policy (2025-2030) is a defining document – one that signals our readiness to elevate Lagos into a hub of industrial excellence, where businesses can thrive, investments can flourish, and job creation can be maximised,” she said.

According to her, the disruptions caused by the COVID-19 pandemic exposed vulnerabilities in global supply chains and highlighted the need for stronger local production capacity.

“Lagos State has long been the cornerstone of Nigeria’s economic advancement, acting as the gateway to trade, commerce, and industrialisation for the nation and beyond.

“As Nigeria’s commercial capital, the state must lead the charge in developing a self-sufficient, innovative, and globally competitive industrial ecosystem – one that leverages our vast human capital, geographic advantage, and entrepreneurial strength,” she said.

Describing Lagos as a future-ready economic giant, she affirmed that Lagos is a city with ambitious goals to become a globally competitive industrial hub.

She added that Lagos wants to be a technology-driven economic powerhouse, sustainable, climate-resilient mega city, and Africa’s most prosperous and industrially advanced city.

“This is why the policy is not being developed in isolation but strategically aligned and firmly anchored within the frameworks of extant developmental policy documents of the State.

“It will serve as a critical component of the broader strategy to position Lagos as a globally competitive industrial hub.

“It provides the guiding principles that ensure Lagos industrial transformation is not only robust and forward-thinking but also sustainable, inclusive, and deeply rooted in social equity,” she said.

(NAN)