27/05/2024
Happy Children's Day!
Lagos State Ministry of Commerce, Cooperatives, Trade & Investment
(5)
27/05/2024
Honourable Commissioner for Commerce, Cooperatives, Trade and Investment has congratulated the Chinese Consulate General, Lagos on the recent celebration of the 75th anniversary of the foundation of the Peoples Republic of China and 53rd Nigeria-China relations.
Speaking on the theme: “Reviewing the History, Embracing the Future,” the Commissioner expressed heartfelt congratulations to China, and particularly the Consul General, Ms Yan Yuqing and the entire Chinese Diplomatic Community in Lagos on reaching the historic milestone.
According to her, China has demonstrated profound growth and innovation, emerging as a global leader in numerous sectors and the bilateral relations, which has been deep and productive, has been very instrumental to the State’s development and expressed through significant and life-impacting projects such as the Lekki Free Zone, the successful construction and delivery of the Red and Blue Light Rail projects, the many road construction projects and numerous other initiatives that have catalysed economic growth and development in our great State.
She declared that the partnership stands firmly on the foundation of mutual respect and recognition of the one-China principle, a cornerstone of diplomatic engagement with China.
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27/05/2024
Lagos State Government has, again, confirmed its premium status as a preferred investment destination by meeting all criteria to qualify for the first phase of the World Bank funded State Action on Business Enabling Reforms (SABER) programme on the Ease of Doing Business.
The State was adjudged and emerged successful on Four Disbursement Linked Indicators (DLIs) covering Improved land administration and land-based investment process (DLI1); Improved investment promotion environment (DLI2); Increased transparency of official fees and procedures (DLI3); and Increase transparency of fees and levies for inter-state trade (DLI4).
Honourable Commissioner for Commerce, Cooperatives, Trade & Investment, Folashade Ambrose-Medebem revealed this while giving the report of her Ministry at the ongoing Ministerial Press Briefing to mark the first year, second term, of Governor Babajide Sanwo-Olu’s administration at Alausa, Ikeja today.
According to the Commissioner, the State also completed successfully the reforms for additional stage comprising Eight DLIs for the first year cycle of the SABER programme, and it is fully on track to meet all subsequent evaluations by the programme.
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10/05/2024
The Lagos State Government made the commitment to international investors on Tuesday during the panel session on African Infrastructure Investment: Impacts and Returns, through the Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs Folashade Ambrose-Medebem, Permanent Secretary, Dr. Olugbemiga Ayoola Aina, and her Innovation, Science and Technology counterpart, Mr. Tunbosun Alake, at the ongoing 2024 US-Africa Business Summit in Dallas, Texas, United States.
Addressing the panel session that focused on infrastructure as an investable asset, globally and how African countries can benefit from over $30 billion fund being set aside by the United States and some partner nations through identified financial instruments, The Commissioner for Commerce, Cooperatives, Trade and Investment expressed Lagos readiness for business and its openness for new investments by showcasing the potential of Lagos State.
jidesanwoolu
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10/05/2024
The quest to attract Foreign Direct Investments into Lagos State informed the participation of the Honourable Commissioner for Commerce, Cooperatives, Trade & Investment, Mrs Folashade Ambrose-Medebem at the “Invest in Africa Summit 2024” held in Netherlands from 16 to 17th April 2024.
The Commissioner provided first-hand information to investors about the available investment opportunities that abound in the State across different sectors and further portrayed Lagos State as the “Best Investment Destination for Investors.”
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09/05/2024
Honourable Commissioner for Commerce, Cooperatives, Trade & Investment, Mrs Folashade Ambrose-Medebem attended the celebration of the Republic of the Netherlands National Day, which is called Kings Day, organised by the country’s Consulate General, Lagos to celebrate King Willem-Alexander on his 57th birthday on Wednesday, 24th April, 2024.
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09/05/2024
Permanent Secretary, Ministry of Commerce, Cooperatives, Trade & Investment, Dr. Olugbemiga Aina attended the General Meeting of the Cooperatives Department at LASCOFED headquarters, Ogba on Thursday, 2nd May, 2024.
Aina charged them to show more dedication, diligence and be proactive in their supervision of the Cooperative Societies to ensure they are better managed to the benefits of members.
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09/05/2024
Honourable Commissioner for Commerce, Cooperatives, Trade & Investment, Mrs Folashade Ambrose-Medebem attended the South Africa-Nigeria Economic Diplomacy Dinner organised as part of activities to Mark 30 Years of Freedom (independence) at the official residence of the Consul General, Republic of South Africa, Ikoyi on Thursday, 25th April, 2024. The occasion provided another opportunity to strengthen economic bilateral relations and trade ties between the two nations.
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09/05/2024
Honourable Commissioner, Ministry of Commerce, Cooperatives, Trade and Investment, Mrs Folashade Ambrose-Medebem joined the Secretary to the State Government, Barrister 'Bimbola Salu-Hundeyin and other dignitaries at the formal launch of Nigeria’s first Watershield Cement by Lafarge Nigeria at the Civic Centre, Lagos on Thursday, 25th April, 2024.
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09/05/2024
Honourable Commissioner, Ministry of Commerce, Cooperatives, Trade and Investment, Mrs Folashade Ambrose-Medebem and the Permanent Secretary, Dr Olugbemiga Aina, hosted the team from BusinessDay, under the Global Africa Business Initiative (GABI), at the Secretariat on Thursday, 25th April, 2024.
The meeting's primary focus was on leveraging the potential of Lagos as a hub for commerce and investment, particularly in light of the upcoming UN Assembly. Discussions revolved around the ease of doing business in Lagos, the State's commitment to fostering a robust investment climate, and the strategic role of Public Private Partnerships. With special emphasis placed on how these collaborations could serve as a blueprint for other Nigerian states aiming to bolster their security infrastructures.
Expressing her delight, the Commissioner said the gathering sought to fortify ties and explore avenues for enhanced security investments in Lagos State through the Ministry. She remarked that the meeting underscored the proactive steps being taken by the Lagos State Government to position itself as a secure and viable locale for global business ventures, setting a precedent for other regions in the country.
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09/05/2024
Honourable Commissioner for Commerce, Cooperatives, Trade & Investment, Mrs Folashade Ambrose-Medebem, and the Permanent Secretary, Dr Olugbemiga Aina had a meeting with the Commonwealth Enterprise Investment Council (CWEIC), on Thursday 25th April, 2024.
The meeting which was centered on a proposed investment round table coming soon, had in attendance, the Company's Director for Nigeria, Mr Obinna Anyanwu and the other team members who joined virtually from London.
While discussing with the team, the Commissioner expressed interest in the forthcoming project as it is an avenue to showcase the Commonwealth opportunities to the audience and establish an investment promotion within the Commonwealth countries.
Ambrose-Medebem remarked that the event will enable Commonwealth countries grow their investments and foster new relationships between potential local and international development partners.
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22/04/2024
The determination of Lagos State Government to support and empower MSMEs for higher productivity has received a boost through engagement with the Bank of Industry (BOI) led by the Managing Director, Dr. Olasupo Olusi at the Bank's head office in Lagos on Friday, 12th April, 2024.
The discussion with the Bank, led by the Honourable Commissioner for Commerce, Cooperatives, Trade & Investment, Mrs Folashade Ambrose-Medebem and the Permanent Secretary, Dr. Olugbemiga Aina, centered on enabling MSMEs through various interventions that would help them scale and contribute more to the State's economic growth.
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22/04/2024
The Ministry of Commerce, Cooperatives, Trade & Investment, led by the Honourable Commissioner, Mrs Folashade Ambrose-Medebem and the Permanent Secretary, Dr. Olugbemiga Aina kicked-off a partnership with the Lagos State Sports Commission, led by the Director General, Mr. Lekan Fatodu to unlock investment opportunities in Sports and Improve Talents Development for Economic Growth.
The event had representatives from the $163 billion American National Footbal League on talks for collaboration, technical assessment and upgrading of facilities in the State.
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22/04/2024
In its further determination to make a huge success of the forthcowing Ecofairs, the Ministry of Commerce, Cooperatives, Trade & Investment (MCCTI) held a strategic meeting, presided over by the Permanent Secretary, Dr. Olugbemiga Ayoola Aina, with critical stakeholders to discuss the modalities for staging a Fair that will make great impact on MSMEs and economic development of the State at the Secretariat on Wednesday, 17th April, 2024.
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12/04/2024
Lagos State Commissioner for Commerce, Cooperatives, Trade & Investment (MCCTI), Mrs. Folashade Ambrose-Medebem has tasked Micro, Small & Medium Enterprises, MSMEs to explore collaborative efforts to access opportunities beyond their abilities and capacities at this year’s edition of the Nigeria National SME Business Awards organised by Association of Small Business Owners (ASBON), in collaboration with the Ministry at Victoria Island, Lagos on Thursday with themed: Collaborative Initiatives: Strengthening the Network for MSMEs.
In her keynote address delivered by the Permanent Secretary, MCCTI, Dr, Olugbemiga Aina, the Commissioner stated that collaborative initiatives serve as powerful catalyst for strengthening the network for MSMEs by fostering interconnectedness and synergy among businesses, sharing facilities, enabling them pool resources, expertise, market knowledge and support system that will strengthen their collective capabilities.
According to her, Lagos State Government, under the visionary leadership of Governor Babajide Sanwo-Olu recognises the immense potentials embedded within the MSME sub-sector and has continually championed policies and initiatives aimed at providing a conducive environment for MSMEs to thrive as outlined in the Fourth Pillar of the T.H.E.M.E.S+ Development Agenda, which is Making Lagos A 21st Century Economy.
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06/04/2024
Honourable Commissioner for Commerce, Cooperatives, Trade & Investment, Mrs Folashade Ambrose-Medebem hosted a Delegation from Ghana comprising Deputy CEO, Ghana Export Promotion Authority, Samuel Dentu; staff of Ghana Mission, Consulate General Lagos, Nicholas Quansel; and others, including CEO, Ecofairs World Tour, Sylvester Ejarkaminor and his team on the forthcoming Ecofairs in her office on Thursday, 4th April, 2024.
The Commissioner expressed delight in the forthcoming Fair and the trade opportunities such platform can provide for Nigerian and Ghanaian MSMEs.
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06/04/2024
The Ministry of Commerce, Cooperatives, Trade & Investment (MCCTI) organised Last Day in Office ceremony for four officers who retired statutorily from the Service/Ministry recently.
The Officers; Mrs. Shobowale Funmilayo Comfort; Mr. Osho Micheal; Mr. Lamidi Abideen Dada and Mr. Atitebi Olakunle, were celebrated for their outstanding and meritorious contributions to the Ministry and Lagos State Public Service.
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06/04/2024
Governor Babajide Sanwo-Olu has stated that leadership in the 21st century requires a departure from traditional paradigms towards a more agile, empathetic, and visionary approach, which requires us to transcend the confines of hierarchical structures and embrace a culture of collaboration, empowerment, and continuous learning.
Sanwo-Olu stated this at the HR Expo Africa with theme: "HR Renaissance: Innovating for Impact," held in Lagos on Wednesday.
Represented by Honourable Commissioner for Commerce, Cooperatives, Trade & Investment, Mrs Folashade Ambrose-Medebem, the Governor spoke to the topic, “Unleashing Your Leadership Capabilities," saying in this rapidly evolving landscape, effective leadership is not merely a desirable trait; it is an imperative for organisational success and resilience.
He said the State, through the T.H.E.M.E.S+ Development Agenda, encompassing Governor Sanwo-Olu’s commitment to social inclusion, gender equality and youth development, established the Lateef Jakande Leadership Academy, to cultivate the next generation of young Nigerian leaders, equipped with the skills, knowledge, and ethics necessary to become change makers and change oriented individuals particularly in the public sector.
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06/04/2024
Honourable Commissioner for Commerce, Cooperatives, Trade & Investment, Mrs Folashade Ambrose-Medebem was a guest of the German Business Delegation at its Roundtable on Food Processing, Packaging, and Pharmaceutical Companies to Nigeria held on Thursday, 28th March, 2024 at Victoria Island, Lagos.
Describing the presence of the Business Delegation as not just an endorsement of mutual interest between Nigeria and Germany in fostering robust economic ties but a testament to the global recognition of Nigeria’s growing market potential,she said Africa's largest economy present a diverse and dynamic environment rife with opportunities for growth, innovation, and investment.
She said the nation is characterised by a vibrant population, a burgeoning middle class, and a workforce eager to contribute to and benefit from global business collaborations and majority of them reside here in Lagos.
She further said the sectors of food processing, packaging, and pharmaceuticals are crucial to Nigeria's economic diversification efforts, offering fertile ground for German expertise and investment. Again, majority of their operational headquarters are located here in the State.
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06/04/2024
More Pictures on the maiden edition of the International Women's Day celebration for women in business themed: Economic Inclusion of Women Entrepreneurs (Nanos/MSMEs) At The Grassroots/Community Level organised by the Ministry of Commerce, Cooperatives, Trade & Investment in collaboration with Women Entrepreneurs and Professionals Development Network (WEPDN) held at Ikeja on Thursday, 28th March, 2024.
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06/04/2024
Lagos State Government has canvassed for low interest loan for Micro, Small & Medium Enterprises (MSMEs) at the maiden edition of the International Women's Day xelebration for women in business themed: Economic Inclusion of Women Entrepreneurs (Nanos/MSMEs) At The Grassroots/Community Level organised by the Ministry of Commerce, Cooperatives, Trade & Investment in collaboration with Women Entrepreneurs and Professionals Development Network (WEPDN) held at Ikeja on Thursday, 28th March, 2024.
Governor Babajide Sanwo-Olu stated that only loans with single-digit interest rates can help unlock the growth of small businesses as he noted that MSMEs create the most jobs and therefore should be supported with low-interest funds to enable them do more.
Commissioner for Commerce, Cooperatives, Trade & Investment, Mrs Folashade Ambrose-Medebem emphasised the giving of priority to policies and programmes that promote women’s access to education, training and entrepreneurship opportunities and we must invest in initiatives that provide women with access to finance, markets, and technology, enabling them to start and grow their businesses sustainably.
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06/04/2024
Honourable Commissioner for Commerce, Cooperatives, Trade & Investment, Mrs. Folashade Ambrose-Medebem attended the Vanguard International Women's Day Roundtable where she shared profound thoughts on the theme: "360 degrees: Health, Wealth, and Impact," in alignment with the United Nations' rallying cry, "Count Her In: Invest in Women. Accelerate Progress held on Wednesday, 27th March, 2024.
The Commissioner, who was also the Founder of the Women Inspiring Impact Network, described her journey as been deeply enriched by the conviction that women's empowerment is not just a moral or ethical imperative but a fundamental cornerstone to our societal development.
She said her engagement with women from various walks of life has underscored the undeniable truth that when women are given the tools to succeed, they do not only elevate themselves and their families, but also their communities, and by extension, the nation at large.
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06/04/2024
Honourable Commissioner for Commerce, Cooperatives, Trade & Investment, Mrs Folashade Ambrose-Medebem received the Team from Glovo who paid her a courtesy visit in her office.
The Commissioner expressed the commitment of Governor Babajide Sanwo-Olu’s administration to providing conducive environment for businesses to thrive and welcome the hand of partnership in MSME capacity building extended by the organisation, saying such would further strengthen the sector for increased productivity.
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06/04/2024
In expression of her deep conviction on the huge benefits our society can derive when women are truly empowered, Honourable Commissioner for Commerce, Cooperatives, Trade & Investment, Mrs. Folashade Ambrose-Medebem joined Franco-Nigerian Chamber of Commerce and Industry, Africa Women CEO Network, the French Diplomatic Community and others at a Luncheon to mark International Women’s Day on Wednesday, 27th March, 2024.
Ambrose-Medebem said Lagos State has embarked on a journey to dismantle the barriers that have historically hindered women from ascending the leadership positions, both in the public and private sectors by initiating policies aimed at fostering an environment where women entrepreneurs can thrive such as access to finance, business mentorship programmes, and creating platforms for women to connect, share and grow together.
She said the efforts have seen a significant increase in women-led businesses, contributing not just to our State's economy but also serving as a beacon for the rest of Nigeria and beyond.
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06/04/2024
Honourable Commissioner for Commerce, Cooperatives, Trade & Investment, Mrs. Folashade Ambrose-Medebem, was on the side of Mr. Governor, Babajide Sanwo-Olu as he hosted the Management of Lekki Worldwide Investment Limited and Lekki Deep Sea Port at his office.
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06/04/2024
Honourable Commissioner for Commerce, Cooperatives, Trade & Investment, Mrs. Folashade Ambrose-Medebem was on the Team of Mr. Governor, Babajide Sanwo-Olu as he received the Chair, International Sustainability Standard Board (ISSB) Emmanuel Faber who came on courtesy visit to Lagos recently.
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06/04/2024
Honourable Commissioner for Commerce, Cooperatives, Trade & Investment, Mrs. Folashade Ambrose-Medebem was privileged to be part of the Team of Mr. Governor, Babajide Sanwo-Olu as he hosted the President, Global Affairs at Meta Platforms Incorporated, Sir Nick Clegg at Lagos House, Marina recently.
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06/04/2024
Honourable Commissioner for Commerce, Cooperatives, Trade & Investment, Mrs. Folashade Ambrose-Medebem joined Mr. Governor, Babajide Sanwo-Olu as he received the Management Team and Advisory Board of Bruit Constaud led by the Managing Partner/former Minister of Information & Culture, Alhaji Lai Mohammed at Lagos House, Marina recently. The company is a foremost strategic communications and government affairs firm in Nigeria.
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06/04/2024
Honourable Commissioner for Commerce, Cooperatives, Trade & Investment, Mrs Folashade Ambrose-Medebem joined the First Lady of Lagos State, Dr. (Mrs) Claudiana Ibijoke Sanwo-Olu and the Wife of the Deputy Governor, Mrs Oluremi Hamzat at the 2023 Community Sensitisation and Mega Empowerment Programne facilitated by the Office of the First Lady held on Thursday, 21st March, 2024 at Ikeja.
Ambrose-Medebem described the programme as a complement to the efforts of the State Government and will further alleviate poverty and create wealth by igniting and energising fresh economic activities at the community and grassroots level.
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LAGOS: AN INVESTORS HAVEN Hon. Commissioner for Commissioner, Cooperatives, Trade and Investment, Mrs. Folashade Ambrose-Medebem, discussing the enormous potential for foreign and diaspora investors in Lagos, the new International Financial Center. The impact of Governor Sanwo-Olu's vision of #AGreatLagosRising will undoubtedly be felt by investors, businesses, and Lagosians. @folaambrose @remmyososanya #EnterpriseNGR #AccessBank #CoronationGroup #LagosDiaspora.ng #JermaineSanwoOlu.com #jidesanwoolu #drobafemihamzat #bimbolasalu-hundeyin #MCIC #Lasg #lsdp2052 #SDG1,2,5,7,8,9,11,17 #ForAGreaterLagos
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