Lagos and Enugu state Governments have emerged as strategic companions of the Commonwealth Enterprise and Funding Council (CWEIC). This was disclosed in Lagos by the Chief Government Officer (CEO) of CWEIC, Rosie Glazebrook.
Glazebrook mentioned after assembly with the Lagos State Governor and the state’s commissioner for Commerce, Cooperatives, Commerce and Funding, Folashade Ambrose-Medebem, a partnership deal was signed because the state formally joined CWEIC as a strategic associate. Different trade companions current included Managing Director/CEO, Lagos Free Zone, Adesuwa Ladoja; Government Vice Chairman/Group Government Officer, Rising Africa Group, Toyin Sanni; President, Afreximbank, Prof. Benedict Oramah, represented by Adeniyi Olukoya; Group Managing Director, Prime Atlantic Group, Ayo Otuyalo, represented by Taiwo Togun; and Managing Director/CEO, First Ally Capital Ltd., Ebenezer Olufowose, represented by Olumayowa Ogunwemimo. Others had been Managing Director/CEO, Novare Fairness Companions, Derrick Roper, represented by Ayotunde Adesulu; British Deputy Excessive Commissioner, Jonny Baxter, represented by Wale Adebajo. Talking with The Guardian, Glazebrook mentioned the partnership will present a wonderful platform for companies in Lagos State to work together throughout the Commonwealth and supply a complete collection of actions in 2025 and past for the state authorities to showcase what it could actually do for inward investments and driving commerce throughout the Commonwealth. Talking, she mentioned, “In Enugu, we met with the state governor, Peter Mbah, the state’s commissioner for Commerce, Funding, and Business, Adaora O. Chukwu, and secretary to the state authorities, Professor Chidiebere Onyia; the place we additionally had a strategic partnership signing ceremony for the state to formally be a part of CWEIC. We had additionally put up conferences for companies who will not be but companions to know what worth we will provide to them.” Including that CWEIC has 25 strategic companions in Nigeria, she additionally used her present go to to co-chair the Nigerian advisory council with a associate at Africa Regulation Observe NG & Co., Olasupo Shasore. She mentioned one of many cardinal objectives of the council is breaking down boundaries to commerce for overseas buyers who need to come into Nigeria. “We have to make it simpler for companies to come back into Nigeria. We work with 56 governments within the Commonwealth and are taking a look at how we will encourage companies from different Commonwealth nations to look into Nigeria,” she defined. Expressing confidence that the group’s efforts to make inroads into the Nigerian public sector, each at federal and state ranges, are starting to yield fruits. She mentioned throughout her final go to to Nigeria, the group met with Vice President Kashim Shetima and collaborated with the Nigeria Funding Promotion Council (NIPC) in addition to different companions to strengthen development plans.
Calling on authorities and personal entities to attend the upcoming Commonwealth Commerce and Funding Summit (CTIS) scheduled to be held in London between April 7-8, 2025, on the iconic Mansion Home, she mentioned each Lagos and Enugu States have agreed to headline the inaugural governor’s roundtable on the upcoming CTIS. This, she mentioned, will permit each governors to have interaction world buyers and companions. Glazebrook estimated that the GDP of Commonwealth member international locations in 2022 was $14.2 trillion and is anticipated to rise to $20 trillion by 2029, whereas the intra-Commonwealth inventory of FDI is at present $1.7 trillion and seeking to develop to $4.8 trillion. “We wish companies to develop and enhance exports throughout Commonwealth markets. We now have additionally recognised that lots of our companions have pursuits outdoors the Commonwealth, so we’ve opened a partnership within the Center East the place we’ve appointed a strategic adviser to assist companies faucet into markets outdoors the Commonwealth,” she mentioned.
