Lagos Govt set to re-open its economy

Lagos State Government has set the process of re-opening its economy in motion, with the rollout of Register-to-Open guidelines. Governor Babajide Sanwo- Olu said the State Government daily battles the reality of balancing reactivation of economic activities and the continuation of the State’s response to contain the coronavirus (COVID-19) pandemic. The Governor said the battle to stop the ravaging virus in Lagos had subjected the State to a delicate situation of having to manage hunger resulting from weeks of slowdown in economic activities and also the movement of consumer goods to keep the economy afloat.

He said the four-page Register-to-Open guidelines were the major part of the measures initiated to achieve phased re-opening of the State economy, adding that Government had offered incentives that will affect its Internally Generated Revenue (IGR) in order to prevent job loss in critical industries that provide employment for a large number of labour. Sanwo-Olu stated this development while speaking at a webinar organised by First Securities Discount House (FSDH) Group, with the theme: “A Global Pandemic: Local Realities and Peculiarities – A View from the Frontlines”.

The Governor was a panelist in the online discussion that also featured Governors of Kaduna and Edo states, Mallam Nasir el- Rufa’i and Godwin Obaseki. The webinar had about 1,200 people who participated from across the globe.

Sanwo-Olu said the State Government remained committed to tackling COVID-19 and breaking the cycle of its transmission, but added that there was need to address hunger and job loss that could arise from prolonged lockdown of the economy. He said: “We have been caught in a very delicate situation between managing

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