Lagos State is unique in many ways. It is the sixth-largest city in the world and the most populous state in the country.
The State alone harbours about 60 per cent of the Federation’s total industrial investments and foreign trade, while also attracting 65 percent of Nigeria’s commercial activities. Recently, the government signed the $629 million financing facility aimed at completing the Lekki Deep Sea Port with China Harbour Engineering Company , thus reflecting the plan to explore investments and partnerships that would accelerate growth and benefit residents of the State.
In order to protect businesses, the implementation of additional reliefs and measures to further ease the impact of the COVID-19 pandemic on taxpayers and businesses have begun. Similarly, in appreciation of taxpayers that have supported the State government in the fight against the pandemic, the government is equally granting tax credit of 20% of all cash and kind donations made towards COVID-19 by individuals resident in the State for the 2021 Year of Assessment .
Through the initiative, the government is improving access to electricity, and it is also in line with the Sustainable Development Goal of the United Nations, which aspires to drive universal access to affordable, reliable, sustainable, and modern energy for all by 2030.