That Nigeria’s economy is not healthy is no longer news. However, the effect of the economic downturn is fast manifesting across the country. While some states can no longer paying workers’ salaries regularly, some are forced to visit Abuja with cap in hand, hoping for bail out from the government at the centre.

But despite the economic challenges, Lagos State seems to be surmounting the odds and breaking new grounds.
With a population of over 22 million people, the state has continued to witness an influx of Nigerians from other states and citizens from neighbouring countries on daily basis, stretching its infrastructure.
Economic experts attribute Lagos ability to remain buoyant in the midst of the economic uncertainties to the dexterity of the man at the helm of affairs, Governor Akinwunmi Ambode.
Since assuming office on May 29, 2015, Ambode has proved his financial acumen in many ways than one, which has, among other things, led to the growth of the state’s Internally Generated Revenue (IGR).
The governor is not oblivious of the fact that Lagosians expect nothing less from him, but to build on the legacies of his predecessors, hence his economic policy is focused on exploring new ventures to shove up its IGR to N30billion by 2017 and N50billion by 2018.
At every opportunity, he does not hesitate to tell anyone who cares to listen about the potentials of Lagos emerging as Africa’s biggest economic hub in no distant future.
To achieve this, Ambode is mapping out strategies to complete some landmark projects under construction, while plans are also in top gear to embark on new ones.This was the focus when he recently embarked on a tour of the Eko Atlantic City (EAC) Project.
The EAC is a multi-billion dollar project sitting on over 10million square metres and is expected to accommodate over 150,000 people who would reside there and another 250,000 who would work and commute within the city on daily basis.
So far, out of the over 10 million square meters of the project, about six million square meters have been reclaimed, while there are 15 bridges and two tunnels designed with the project.
To Ambode, the EAC, on completion, would go a long way to, not only boost the economy of Lagos but also increase its IGR.
Accompanied on the tour by members of the State Executive Council, the governor pledged the total commitment of his administration towards the success of the project, saying it would go a long way to facilitate the quest to grow the potentials of the state economy.

IGR is a good income from resident population. There are still room to grow the IGR by capturing new opportunities through code enforcement. You cannot continue to raise tax bracket to feed the budget without creating problems for citizens and government. However, licensing and fees can fill gaps in forecasts but we need new ideas for government services that will fund the gap. At a time in future we will peak out on growth and it could become very challenging to sustain public administration. This is time to look at tourism as a means of seasonal income to the state.

What can Lagos sell to the world?
How can Lagos compete and cut into the global tourism market?

Eko o ni baje!!

....

Lol...

sorry to be a badbelle
but the only thing is hear from Lagos is
dangote refinery , Atlantic city and commission of roads
nothing new and innovation
its boring abeg
next news and op no source?

buharisbae:
sorry to be a badbelle

but the only thing is hear from Lagos is

dangote refinery , Atlantic city and commission of roads

nothing new and innovation

its boring abeg

next news and op no source?

Miss Jealousy, how far??

buharisbae:
sorry to be a badbelle

but the only thing is hear from Lagos is

dangote refinery , Atlantic city and commission of roads

nothing new and innovation

its boring abeg

next news and op no source?

Miss Jealousy, how far??

1) Eko Atlantic City (including tramway)

2) Badagry Energy City (including Oando refinery, Blue Line rail, power plant, Badagry deep sea port, etc)

3) Lekki Free Trade Zone (including Dangote refinery, Lekki Airport, Lekki deep sea port and Green Line railway and. Connected via the Fourth Mainland Bridge).