Lagos State Governor, Babajide Sanwo-Olu, has made reassurance of his administration to formulate more policies for industries to thrive and transact business with ease.

He made this known during the commissioning of the newly-constructed insulated panel factory by Lange and Grant Commodities Limited in partnership with United Nations Development Programme (UNDP).

The governor represented by the Commissioner for Commerce, Corporate, Trade and Investment, Folashade Ambrose-Medebem, attested that production of insulated panels was to fulfil the reformation of the construction industry and provide solutions that are beneficiary for diverse businesses.

“In a rapidly evolving global landscape, where the need for sustainable practices is more pressing than ever, initiative like this stands as a beacon of hope.

Lange and Grant Commodities Limited, through this factory, are contributing to a future where businesses can thrive while minimising their ecological footprint.

“Your commitment to pushing boundaries, embracing innovation, and fostering a culture of sustainability is commendable.

This investment in Lagos State is a testament to your belief in our potential and shared desire to create a greener and more prosperous future for all,” Sanwo-Olu said.

He, therefore, urged all stakeholders in all spheres to utilize sustainable building practices and make Lagos State a platform of promoting good business practices, setting the pace for others to follow.

Chief Executive Officer (CEO), Lange & Grant, Tunde Okoya further said that the panel line is environmentally-friendly as it is important for the country, especially the youths.

Minister of Environment, Balarabe Abbas Lawal said the starting of operation of the line would show Nigeria’s ability in manufacturing ozone and climate-friendly rigid polyurethane foam for the local market and also for exportation across African Countries. He added that it will lead to creation of additional jobs and foreign exchange for the country.

In conclusion, further said that the current administration would put in place necessary policies and enable legislation to support the activities of Slavit and other relevant firms to sustain the phase out of HCFC-14b and other DDS.

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