Lagos Govt. Finalises Guidelines Ahead Restart Of Economy The Lagos State Gover…


Lagos Govt. Finalises Guidelines Ahead Restart Of Economy

The Lagos State Government says it has set the process of re-opening its economy in motion, with the rollout of ”Register-to-Open” guidelines.

Lagos State Governor, Babajide Sanwo-Olu said this at a webinar organised by First Securities Discount House (FSDH) Group, with the theme: ”A Global Pandemic: Local Realities and Peculiarities – A View from the Frontlines”. Sanwo-Olu was a panelist in the online discussion that also featured Gov. Nasir el-Rufai of Kaduna State and Gov. Godwin Obaseki of Edo, with about 1,200 people participating from across the globe.

He said that the state government was daily battling the reality of balancing reactivation of economic activities and the continuation of the state’s response to contain the coronavirus pandemic.

The governor said that the battle to stop the ravaging virus in Lagos had subjected the state to a delicate situation.

He said it was a situation of having to manage hunger resulting from weeks of slowdown in economic activities and also the movement of consumer goods to keep the economy afloat.

Sanwo-Olu said that the four-page Register-to-Open guidelines were the major part of the measures initiated to achieve phased re-opening of the state economy.

According to him, the government has offered incentives that will affect its Internally Generated Revenue (IGR), in order to prevent job loss in critical industries that provide employment for a large number of people.

Sanwo-Olu said that the state government remained committed to tackling COVID-19 and breaking the cycle of its transmission.

He, however, said that there was need to address hunger and job loss that could arise from prolonged lockdown of the economy. ”We have been caught in a very delicate situation between managing COVID-19 on one hand and managing hunger and sustaining an economy that is not only dependent on commercial activities in Lagos alone, but also other states across the federation. ”We have had weeks of engagement with players in fast-moving consumer goods sector and part of the measures we are taking is that, we are giving them additional clearance to work for longer hours.

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Lagos Govt. Finalises Guidelines Ahead Restart Of Economy

The Lagos State Government says it has set the process of re-opening its economy in motion, with the rollout of ”Register-to-Open” guidelines.

Lagos State Governor, Babajide Sanwo-Olu said this at a webinar organised by First Securities Discount House (FSDH) Group, with the theme: ”A Global Pandemic: Local Realities and Peculiarities – A View from the Frontlines”. Sanwo-Olu was a panelist in the online discussion that also featured Gov. Nasir el-Rufai of Kaduna State and Gov. Godwin Obaseki of Edo, with about 1,200 people participating from across the globe.

He said that the state government was daily battling the reality of balancing reactivation of economic activities and the continuation of the state’s response to contain the coronavirus pandemic.

The governor said that the battle to stop the ravaging virus in Lagos had subjected the state to a delicate situation.

He said it was a situation of having to manage hunger resulting from weeks of slowdown in economic activities and also the movement of consumer goods to keep the economy afloat.

Sanwo-Olu said that the four-page Register-to-Open guidelines were the major part of the measures initiated to achieve phased re-opening of the state economy.

According to him, the government has offered incentives that will affect its Internally Generated Revenue (IGR), in order to prevent job loss in critical industries that provide employment for a large number of people.

Sanwo-Olu said that the state government remained committed to tackling COVID-19 and breaking the cycle of its transmission.

He, however, said that there was need to address hunger and job loss that could arise from prolonged lockdown of the economy. ”We have been caught in a very delicate situation between managing COVID-19 on one hand and managing hunger and sustaining an economy that is not only dependent on commercial activities in Lagos alone, but also other states across the federation. ”We have had weeks of engagement with players in fast-moving consumer goods sector and part of the measures we are taking is that, we are giving them additional clearance to work for longer hours.



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