Lagos GDP records 50 per cent growth under my watch, Sanwo-Olu claims

Babajide Sanwo-Olu News

Lagos GDP records 50 per cent growth under my watch, Sanwo-Olu claims
Lagos State
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Economic prosperity recorded by Lagos State over the last two decades has shown the strength and potential which any sub-national government can offer in shaping the African growth narrative, Governor Babajide Sanwo-Olu told a transatlantic forum in the...

The economic prosperity recorded by Lagos State over the last two decades has shown the strength and potential which any sub-national government can offer in shaping the African growth narrative, Governor Babajide Sanwo-Olu told a transatlantic forum in the Bahamas on Wednesday.

Sanwo-Olu said Lagos had grown from being a state in deficit in the military era to becoming a hub for investment and technological advancements. “Lagos presents a significant context on how sub-national governments are vital in writing new stories of development and advancing the economic agenda of the continent.

“As we work towards accomplishing our aspirations, it is clear that sub-sovereign entities, such as cities, states, provinces, regions, and municipalities, can be instrumental in translating African countries’ high-level goals into tangible outcomes. The governor listed other initiatives to include the establishment of Lekki Free Trade Zone, construction of the Lekki Deep Seaport, building of 10-lane West African Border Highway, construction of intra-city rail infrastructure and leveraging the entrepreneurial spirit of young people. These, he said, have led towards building a resilient economy for the State.

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