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French commercial and industrial giant, CFAO, said on Friday that it was ready to invest more in Lagos, Nigeria’s commercial capital, maintaining that what it had done so far was just a tip of the iceberg.
The chairman, CFAO Nigeria Plc., Mr. Gbenga Oyebode, gave the promise at the grand opening of the CFAO Yamaha Motor Showroom and Assembly Plant in Lagos. This is as the Managing Director, CFAO Yamaha Motor Nigeria, Mr. Olivier Levigne, restated the vision of the company, saying it would remain an open enterprise and a leader in its chosen field.
The promise of more investment came on a day the Lagos State governor, Mr. Akinwunmi Ambode, stressed the leadership status of Lagos as the most attractive investment destination in Africa.
Ambode said his administration would continue to put in place investment-friendly policies in order to attract more investment and facilitate conducive atmosphere for businesses to thrive.
Describing the grand opening of the CFAO Yamaha Motor assembly plant and showroom , with capacity to assemble 70,000 motorcycles in a year, as a celebration of partnership between three continents, the governor said: “The significance of locating this assembly plant in Lagos is very clear. Lagos remains the most attractive location financially and socially for investment in Africa. I have come to assure you that you have made the right decision to locate your business here.”
He also assured that his administration would continue to invest more in the provision of critical infrastructure and provide adequate security in the state.
“We will therefore continue to invest in the critical infrastructure and security to guaranty safety and good return on investment. As a government, we will continue to explore ways to create an enabling environment to make your business thrive. We are committed to introducing new incentives for businesses in Lagos to enable them grow, support the society and take more of our youths off the street,” Ambode said.
“The ease of doing business is of concern to us and as a result, we are working to improve the indices of doing business in Lagos while we continue in our commitment to carry out judicial and security sector reforms.”
