Lagos Eyes More Retail Multinationals With New Malls

 Editor Business, Finance/Money, Retail & Manufacturing, Strategies & Solutions

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VENTURES AFRICA – Apparently, the consumer markets craze sweeping through Africa as a result of rising disposable incomes has caught up with the Lagos State Government as Governor Babatunde Fashola has joined the likes of Shoprite to plan the development of more shopping malls and complexes in the state.
He hinted this at a meeting with Global CEO of Unilever, Paul Polman while also expressing his optimism that more shopping centres would spike demand for goods by manufacturing companies, eventually leading to job creation.
“We are supporting the development of more malls and shopping complexes. Apapa has just opened and in about 10 years we have had Ikeja, Lekki, and Adeniran Ogunsanya. We hope that it will represent a major demand pool that will stimulate you to
give more supply and in that way employ more people,” he said.
Governor Fashola asserted that the “story of Unilever was the story of Nigeria,” reminiscing that all of the state’s shopping outlets during the decade after Nigeria’s independence heavily featured Unilever brands which, at the time, included Lifebuoy and Sunlight soaps.
In a related development, the governor gave assurances that his administration was doing everything within the limits of the rule of law to tackle the power menace that has impeded on further productivity from the state.
“Government is currently deploying a multiplicity of solutions. I have just signed an allocation of land for a company to generate about 125 megawatts of electricity in Ikorodu,” he said.