The Honourable Commissioner for the Ministry of Commerce, Cooperatives, Trade and Investment (MCCTI), Mrs Folashade Bada Ambrose, has commended Tolaram Group for its sustained investments in Lagos State and Nigeria’s broader economy.
Eko Hot News reports that the commissioner gave the commendation during a courtesy visit by the management of Lagos Free Zone, promoted by Tolaram Group, to the ministry.
Mrs Ambrose, who was represented by the Permanent Secretary of MCCTI, Mr Babatunde Onigbanjo, described Tolaram Group’s investment footprint as a major contributor to industrial growth, job creation and economic diversification in Lagos.
She noted that the Lagos Free Zone has continued to play a strategic role in attracting local and foreign investors, while supporting the state’s vision of becoming a leading commercial and industrial hub in Africa.
The commissioner assured the management of Lagos Free Zone of the Lagos State Government’s commitment to sustaining a business-friendly environment through policies that promote ease of doing business and protect investors’ interests.
She said the state remains focused on regulatory reforms, infrastructure development and institutional support that foster investor confidence and guarantee strong returns on investment.
According to her, collaboration between the government and private sector players such as Tolaram Group is critical to achieving sustainable economic growth and long-term development.
Mrs Ambrose added that Lagos would continue to partner with credible investors whose projects align with the state’s economic agenda and development priorities.
Speaking on behalf of the ministry, Mr Onigbanjo reiterated that the government is committed to maintaining open communication with investors and addressing challenges that may affect business operations.
He noted that initiatives such as the Lagos Free Zone reflect the state’s proactive approach to industrialisation and private-sector-led growth.
The management of Lagos Free Zone, during the visit, reaffirmed its commitment to deepening investments and supporting Lagos State’s economic transformation through sustainable and innovative industrial projects.
