LAGOS LAW REFORM COMMISSION ENGAGES TOURISM, AGRICULTURE MINISTRIES ON SECTORAL LAW REFORMS. (PHOTOS). #PRESS RELEASE.

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 LAGOS LAW REFORM COMMISSION ENGAGES TOURISM, AGRICULTURE MINISTRIES ON SECTORAL LAW REFORMS The Lagos State Law Reform Commission recently held consultative engagements with the Ministry of Tourism, Arts and Culture and the Ministry of Agriculture and Food Systems as part of ongoing efforts to review, modernise and harmonise sectoral laws for improved governance, institutional efficiency and sustainable development in Lagos State. The engagement with the Ministry of Tourism, Arts and Culture was initiated and led by the Executive Secretary of the Commission, Mrs. Oluyemisi Ogunlola.  The delegation was received by the Permanent Secretary of the Ministry, Princess Adebopo Oyekan-Ismaila, alongside relevant departmental and agency representatives. Speaking during the session, Mrs. Ogunlola stated that the engagement was convened to examine grey areas in the draft legal framework proposed by the Ministry and its agencies, particularly issues relating to overlapping responsibilit...
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FG STRENGTHENS PARTNERSHIP WITH IMPACT INVESTORS TO DRIVE NIGERIA’S ECONOMIC TRANSFORMATION. (PHOTO). #PRESS RELEASE.

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 PRESS RELEASE 


Federal Government Strengthens Partnership with Impact Investors to Drive Nigeria’s Economic Transformation


The Federal Government of Nigeria has reaffirmed its commitment to fostering sustainable economic growth through a landmark $50 million investment in the *Nigeria Wholesale Impact Investment Fund (WIIF), anchoring the fund’s first close at $100 million. This strategic initiative supports President Bola Ahmed Tinubu’s vision of achieving 7% annual economic growth, with a focus on critical sectors including agriculture, infrastructure, and digital innovation.  


The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, today hosted a high-level delegation comprising leadership from the Impact Investors Foundation (IIF), the Global Steering Group (GSG) for Impact Investment, and key private-sector stakeholders. The meeting, attended by Mrs. Ibukun Awosika (Chairman, IIF/GSG), Mr. Wale Adeosun (CEO, Kuramo Capital), Ms. Sanyade Okoli (Special Adviser to the President on Finance & Economy), and Mrs. Lydia Shehu Jafiya (Permanent Secretary, Federal Ministry of Finance), underscored the government’s resolve to leverage impact investment as a catalyst for job creation and poverty alleviation.  


During the session, stakeholders reviewed the operational framework for the WIIF and agreed on actionable next steps, including structured engagement with the Development Bank of Nigeria (DBN) to finalise the fund’s drawdown schedule. Further discussions will explore innovative financing mechanisms, including government guarantees, to enhance private-sector participation. Additionally, the WIIF will be strategically aligned with the African Development Bank (AfDB)-supported Youth Entrepreneurship Bank to amplify opportunities for young entrepreneurs.  


The Honourable Minister of Finance commended the collaborative efforts, stating:  


“This partnership exemplifies the power of public-private collaboration in advancing Nigeria’s economic priorities. We are committed to ensuring transparency, efficiency, and measurable impact in deploying these resources to benefit all Nigerians.”  


The initiative is projected to unlock significant financing for micro, small, and medium enterprises (MSMEs) and generate millions of jobs across priority sectors.


Signed 

Mohammed Manga *FCAI*

Director, Information and Public Relations 

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