Lagos State Governor, Mr. Babajide Sanwo-Olu, on Friday, assured that his administration would continue to create an enabling environment that promotes fair competition, protects consumer rights and supports the development of small and medium-sized enterprises.
He said his administration will continue to protect consumers through the right policies and ensure a conducive environment for businesses to thrive.
The Governor also called on manufacturers to have a conducive working relationship with consumers and join hands with the government in protecting the rights of consumers to create an economy that works for all.
Governor Sanwo-Olu spoke at a one-day conference and exhibition to commemorate this year’s World Consumer Rights Day with the Theme: “Fair And Responsible AI for Consumers.” The event held at Eko Hotels in Victoria Island on Friday, was organised by the Lagos State Consumer Protection Agency, (LASCOPA) to ensure a robust regulatory framework that protects consumers.
Speaking at the event, Governor Sanwo-Olu assured Lagos residents that he would continue to bridge the gap between producers and consumers to foster good relationships, noting that the mutual understanding between both consumers and producers underscored the symbiotic and interdependent relationship that exists between the two entities within any economy.
The Governor, therefore, urged consumers and producers to promote an enduring partnership and collaboration rather than relationships that could impede sustainable growth and development in the economic value chain.
He said: “Consumers and producers are not adversaries but rather partners in a complex economic ecosystem.
“While consumers rely on producers to supply goods and services, producers in turn, depend on consumer demand to drive their businesses forward,” he said.
Governor Sanwo-Olu also advocated for a more harmonious and inclusive approach to economic development that benefits all stakeholders.
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