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FG approves Lagos-Sokoto railway project


Presixent Goodluck Jonathan, Thursday stated that the Federal Government has approved contract for the Lagos-Sokoto railway project to further enhance economic development in the country.

Jonathan, who disclosed this at the official commissioning of Procter and Gamble (PG) plant at Agbara, Ogun State, yesterday, said that when completed the project would facilitate the free flow of business from the zone to other states of the federation.

He said this had become necessary in order to move goods and services from Ogun and Lagos states to other parts of the country, noting that his government was ready to create enabling environment for business to thrive in the country.

“We are aware of the pains the manufacturing sector goes through when moving goods from Lagos to Sokoto and other parts of the country. We are committed in making business much easier for every investor in the country,” he said.

Apart from approving the railway project, Jonathan said his administration has removed the bottleneck associated with multiple-taxation to reduce the burden of doing business in Nigeria.

He stated that government was aware of the pains the manufacturing sector was undergoing, adding that he has instituted a body to work out how to find a lasting solution to the issue of multiple taxation.

The President, who was represented by Vice President Namadi Sambo, however, commended Procter and Gamble for taking the bold steps to make heavy investment in the Nigerian economy.

“We as government will always create the environment for industries to thrive and with this kind of investment by this company Nigeria will soon become the industrial hub of Africa. We will continue to assist the industrial sector to thrive,” he said, urging investors to take advantage of incentives offered by government to invest in the country, as this would enhance the wellbeing of Nigerians.

Speaking at the event, the Governor of Ogun State, Senator Ibikunle Amosun, thanked the President for approving Lagos-Sokoto railway project, as this would enhance the economic growth of the country.

Amosun said that by the time the project is completed, it would not only boost economic activities but also enhance development of the country.

He said with the coming of PG to Ogun State, there would be reduction of unemployment rate, adding that the investment will definitely reduce crime rate in the country. He assured that the state would continue to provide adequate security in the state to protect lives and properties of the citizens.

“We in Ogun State would continue to provide the enabling environment to attract investors to the state. We are working hard to meet our target of commissioning 100 companies between now and middle of next year. We will leave no stone unturned to achieve this before the expiration of our tenure in office,” he said.

He called on investors to take advantage, which the state offers to manufacturers and invest in the state.

Commenting on the success story of the company, the Managing Director of PG Nigeria Limited, Mr. George Nasser, said the company started operation in Nigeria over 20 years and is committed to becoming the hub of branding consumable goods in Nigeria and Africa in general.

Nasser noted that by the time the plant was fully operational, it would create 3,000 direct and indirect jobs through its offices, suppliers and distributors.

Culled from :Here

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