Lagos State Governor, Mr. Akinwunmi Ambode on Tuesday expressed delight at the emergence of Lagos as the fifth largest economy in Africa, just as he said his administration is in the process of setting up an Economic Management Team comprised of distinguished individuals from the private sector and the public sector to manage and scale up the successes recorded in that direction.


Governor Ambode, who spoke at the Lagos House in Ikeja when he received a delegation from the Nigerian-British Chamber of Commerce on courtesy visit, said the emergence of Lagos was very instructive, adding that government would explore synergy with private sector with the view to catapult Lagos into a true global city-state in the true sense of the word.


“Very soon we would be setting up what we would refer to as an Economic Management Team to drive the fifth largest economy, because that’s the way we need to envision our self and this Economic Management Team will involve nominees from the Chambers and other people in the private sector, so that we can collaborate because majorly this economy is driven by the private sector, our duty is to create an enabling environment and fuse all that together, I think that synergy can just catapult Lagos into that global city state that we want it to be,” Governor Ambode said.



The Governor said there was no doubt about the fact that the economy of Lagos was in the hand of the private sector and the willingness on the part of government to ensure an enabling environment for businesses to thrive, which according to him, was why his administration has been investing massively in security and other business incentives.


According to the Governor, his decision to come up with the Office of Oversees Affairs and Investment, otherwise known as Lagos Global, was part of efforts at encouraging investment in Lagos both from within and outside, among many other initiatives of the present administration.


He said: "I think it is very instructive to clearly state that the economy of Lagos is in the hands of the private sector and beyond the fact that Lagos is now the fifth largest economy in Africa, the drive to take Nigeria out of recession actually resides in the private sector and willingness on the part of the public sector.


"Because our economy is in the hands of the private sector and we are willing to allow them drive it, that is why we have decided to formulate policies and decisions that will make the private sector to thrive in this State and that is why in the last 18 months, we have been running this administration on a tripod of security, job opportunities and infrastructure development."


While explaining the tripod, the Governor said his administration believed that when the people and investors are well secured, businesses will thrive and more people would be employed, while the resources generated in terms of Internally Generated Revenue (IGR) would be deployed to provide infrastructure for the people.


Besides, Governor Ambode commended investors who have remained committed in doing business in Lagos despite the down turn in the economy, assuring that his administration would continue to work hard and partner with the private sector.


While justifying the recent joining of O’dua Investment Group by Lagos, the Governor said his administration was of the strong view that the socio-economic integration of western Nigeria depend majorly Lagos, adding that it was better for states around Lagos to be equally prosperous to address migration issues.


Earlier, leader of the delegation and President of the Council, Prince Dapo Adelegan, congratulated Governor Ambode on the emergence of Lagos as the fifth largest economy in Africa, adding that with the development, it was now important to globalize the economy of Lagos.



He said the Chamber would be willing to partner with the Lagos State Government not only to globalize the economy of the State, but also in the area of policy formulation, among other critical sectors.



Adelegan, who lauded the various initiatives of the present administration in terms massive investment in security, job opportunities, Light Up Lagos, road projects, among others, also announced the decision of the Chamber to inaugurate Governor Ambode as one of the patrons of the Chamber.


In a related development, Emir of Kano, Sanusi Lamido Sanusi has lauded the Lagos State Government on the management of the economy of the State, especially in this period of recession.


Sanusi, who was the immediate past Governor of the Central Bank of Nigeria (CBN), said any country that depends on a mono product commodity like Nigeria is bound to fail.

According to him, Nigeria and other African countries has a lot to learn from how the economy of Lagos is being run, especially before the state gained oil producing state status.


The Emir, who spoke at a forum recently, commended the Akinwunmi Ambode-led administration in Lagos and urged the State Government not to allow its new oil status distract it from the very solid economic template it is currently running.

According to him, Lagos should emulate Norway, where all its oil proceeds are warehoused in a sovereign wealth fund and saved for the raining day.

http://www.metronaija.com/2016/10/lagos-set-to-launch-economic-team-after.html

cc: lalasticlala mynd44

good good... what does uncle lai have to say

I see Lagos overtaking Nigeria as the largest economy in Africa in less than 5 years...

Lagos is a fraction of Nigeria and will never overtake Nigeria. That's like a car spare tyre overtaking the car.

lajoshua:
good good... what does uncle lai have to say

Dat lai joke was epic #derisfreedomofspeechbutfreedomafterspeechisnotguaranteed

lagos has always been a very influential state in africa, almost all the conferences that shaped the creation of the african union and the independence of most african states took place in lagos. There is no doubt that no City in Africa is supposed to stand shoulder to shoulder with Lagos and this is a fact that our leaders are now realizing. Lagos is the Gateway to west and central Africa. and the heart beat of Africa itself.

[size=15pt]JOIN THE LARGEST INTERNET IPHONE TRADE OFF AS WE SELL OFF OUR NEW AND USED IPHONE 5 AND 6 TO STOCK THE LATEST IPHONE 7. CHECK MY SIGNATURE FOR DETAILS[/size]

friimarket01:
lagos has always been a very influential state in africa, almost all the conferences that shaped the creation of the african union and the independence of most african states took place in lagos. There is no doubt that no City in Africa is supposed to stand shoulder to shoulder with Lagos and this is a fact that our leaders are now realizing. Lagos is the Gateway to west and central Africa. and the heart beat of Africa itself.

[size=15pt]JOIN THE LARGEST INTERNET IPHONE TRADE OFF AS WE SELL OFF OUR NEW AND USED IPHONE 5 AND 6 TO STOCK THE LATEST IPHONE 7. CHECK MY SIGNATURE FOR DETAILS[/size]

Chest beater

Sibrah:
Lagos is a fraction of Nigeria and will never overtake Nigeria. That's like a car spare tyre overtaking the car.

The same fraction of Nigeria is economically larger than almost 50 African countries and it was 7th largest just a few years ago so getting to number 1 in Africa is just a matter of just another few years.

Lagos economically is more diversified than Nigeria's economy, it's not a single product economy or oil dependent.

The fact that Lagos is part of Nigeria doesn't mean it's still not the 5th largest economy in Africa.

Lagos is teaching the whole Nigeria what to do to get it right! I think our Oyel Colleagues are getting to understand the reason Lagos deserves a special recognition?!

It won't be far that Lagos would be the largest Economy in Africa, probably in 3 - 5 Years.

With the crude oil discovery, Dangote Refinery and the Eko Atlantic City Project..... Lagos may become the Monaco of Nigeria.

aresa:



The same fraction of Nigeria is economically larger than almost 50 African countries and it was 7th largest just a few years ago so getting to number 1 in Africa is just a matter of just another few years.

Lagos economically is more diversified than Nigeria's economy, it's not a single product economy or oil dependent.

The fact that Lagos is part of Nigeria doesn't mean it's still not the 5th largest economy in Africa.

your ignorance n bigotry is on a spiritual level.

No Qualm... Lagos is the Centre of Excellence

friimarket01:
lagos has always been a very influential state in africa, almost all the conferences that shaped the creation of the african union and the independence of most african states took place in lagos. There is no doubt that no City in Africa is supposed to stand shoulder to shoulder with Lagos and this is a fact that our leaders are now realizing. Lagos is the Gateway to west and central Africa. and the heart beat of Africa itself.

[size=15pt]JOIN THE LARGEST INTERNET IPHONE TRADE OFF AS WE SELL OFF OUR NEW AND USED IPHONE 5 AND 6 TO STOCK THE LATEST IPHONE 7. CHECK MY SIGNATURE FOR DETAILS[/size]

Lagos is Nigeria, forget all that "gateway to Africa" stuff and" city state of west Africa" let other Africans go build their own nations up. Ever since that silly white guy talked of a borderless Lagos linking up the small west African nations along the cost to ivory coast, man no go hear word. Let them go and make USA borderless and link up Washington DC to Mexico city and all the south American banner republics along the south American coast, before they come and put such disreputable ideas into the heads of our naive and impressionable young Nigerian people. The day Lagos links up with those bad belle West Africans from Benin republic to Ghana is the beginning of the end for Lagos. Lagos stands because of the efforts and progressive nature of Nigerians.

Sibrah:
your ignorance n bigotry is on a spiritual level.

When you and your kind get decimated and have nothing sane and rational to offer, you get into your usual gutter and absurdities of bigotry and tribalism even where it doesn't exist or discussed.


...

aresa:



When you and your kind get decimated and have nothing sane and rational to offer, you get into your usual gutter and absurdities of bigotry and tribalism even where it doesn't exist or discussed.


...

Decimated? You are really low. Lagos will never outgrow Nigeria. Get that into you skull.

[s]

Sibrah:
Decimated? You are really low. Lagos will never outgrow Nigeria. Get that into you skull.

[/s]



1. In the last 8 years, Lagos delivered more infrastructures than the FG and the other 35 states combined.

2. The largest public works and innovative projects in Africa are in Lagos state.

3. Lagos beat out almost the whole of Africa without dependence on oil and the fact that there is now oil in Lagos, the largest single refinery in the world is in Lagos, largest fertilizer plant is in Lagos, largest petrochemical plant is on Lagos, largest Gas plant Africa, largest power plant in Nigeria means explosion of even more economic activities never seen before in Africa.

4. Lagos is already ahead of Nigeria in so many ways, Nigeria can not even attempt the kinds of projects Lagos state dabbles into.




Seriously, you are very irrelevant and pointless in the grand scheme of things and your miserable existence didn't stop Lagos from 7th largest to 5th largest so I really don't see the same worthless existence of yours stoping Lagos from the 5th to the 4th, 3rd, 2nd and eventually the 1st in Africa.

Eko for Show!

I want Eko to adopt AMALA and EWEDU as the state cuisine.

If Lagos is doing dis great within dis shortest period shows she has a gud competent leader who knows its onion not dis shameless backward homosapien Daura President who has turned Nigeria in2 a zoo

Yorubaland, the light beacon of Nigeria.

It is chronicled in the records of anthropologists who visited and observed in wonder at the relics and excavated treasures of Ile-Ife and exclaimed that this could in no way be a city founded by the negro race. They witnessed that the masterpieces in their presence were the works of a higher intelligence and a SUPERIOR race.

Frobenius later on a trip to the same Yorubaland, affirmed that this was the lost City of Atlantis, the abode of the Phoenician race.

In our century we will raise another Atlantis for the world to witness.

May Oduduwa bless this land forever!
May Olokun bless our shores forever!
May Obatala shield our skies forever!
Ase!

Litmus:


Lagos is Nigeria, forget all that "gateway to Africa" stuff and" city state of west Africa" let other Africans go build their own nations up. Ever since that silly white guy talked of a borderless Lagos linking up the small west African nations along the cost to ivory coast, man no go hear word. Let them go and make USA borderless and link up Washington DC to Mexico city and all the south American banner republics along the south American coast, before they come and put such disreputable ideas into the heads of our naive and impressionable young Nigerian people. The day Lagos links up with those bad belle West Africans from Benin republic to Ghana is the beginning of the end for Lagos. Lagos stands because of the efforts and progressive nature of Nigerians.

What nonsense? Benin republic, Gambia,Gabon and Congo are well organized and well run than a big for country called Nigeria.
Travel out to most west Africa countries and cure yourself from ignorance of typical Nigerians who are lousy,noisy and empty headed.

aresa:
I see Lagos overtaking Nigeria as the largest economy in Africa in less than 5 years...

courtesy of 5%

Tinubu start it all,lagos is bless with a visionary leaders,fashola and ambode.

Abeymills:
If Lagos is doing dis great within dis shortest period shows she has a gud competent leader who knows its onion not dis shameless backward homosapien Daura President who has turned Nigeria in2 a zoo

Is it the Lagos I know or another Lagos? These yolobas and chest-beating. Lagos remains Africa's biggest slum.