Lagos State Governor, Babajide Olusola Sanwo-Olu, has revealed that strategic capital market investments are driving income development and infrastructure improvement throughout the state.
The state governor, represented by the Honourable Commissioner for Finance, Mr. Abayomi Oluyomi, disclosed this on the Nairametrics Capital Market Alternative Awards on Friday, Could 23, on the Civic Centre in Lagos.
The governor highlighted how daring initiatives and public-private partnerships are remodeling Lagos into a number one financial hub.
“Our journey has been outlined by daring decisions and strategic initiatives, together with our lively position within the capital market by our varied gold initiatives,” Sanwo-Olu stated.
He defined that Lagos has harnessed the capital market’s energy to fund main infrastructure tasks and make good investments, benefiting the state and past.
“By tapping into the market’s means to modernise, we have now been in a position to drive transformative infrastructure tasks in Lagos, and we have now additionally enhanced income technology and made good investments that profit all nations,” he added.
Public-private partnerships key to Lagos’ progress
Sanwo-Olu emphasised that public-private partnerships are key to Lagos’ financial technique, combining authorities and personal sector strengths to construct an inclusive group and place Lagos as a future monetary hub.
“Public-private partnership is a central a part of our method, permitting us to mix the strengths of each sectors to domesticate a thriving, inclusive group.
By this partnership, we’re remodeling Lagos into the monetary hub of our future, a shining instance of alternative,” he stated.
The governor additionally emphasised his dedication to making a clear, accessible capital market and growing monetary literacy to empower all residents to take part successfully.
“Wanting ahead, we’re devoted to nurturing a capital market setting that’s constructed on transparency, accessibility and alternative.
“We’re ramping up our efforts to boost monetary literacy, ensuring that each citizen has the information and instruments they should interact successfully in our markets,” he added.
Sanwo-Olu thanked traders and companions for his or her assist and known as for continued collaboration to drive financial development and construct a capital market that helps companies and promotes shared prosperity for Lagos and Nigeria.
Award for remodeling Lagos into monetary hub
Governor Sanwo-Olu acquired an honorary award for his visionary management in remodeling Lagos into Nigeria’s and West Africa’s undisputed monetary and industrial capital.
His administration’s strategic investments in infrastructure, innovation, and concrete improvement have fostered an enabling setting for capital markets, monetary providers, and fintech innovation to thrive.
Over the past 5 years, Lagos has attracted main investments in expertise, transport, housing, and finance, making the state the popular vacation spot for capital inflows and new enterprise ventures.
What it’s best to know
Lagos State Authorities disclosed that it’s advancing its monetary sector by establishing the Lagos Worldwide Monetary Centre (LIFC) to create an enabling setting that helps seamless buying and selling and attracts international funding.
Sanwo-Olu famous that by tackling current market challenges and strengthening collaboration between authorities and the personal sector, the LIFC is predicted to spice up capital market development, improve Lagos’ competitiveness within the international monetary panorama, and drive innovation inside the monetary sector.
The Lagos Worldwide Monetary Centre was created in partnership with EnterpriseNGR and different key stakeholders.
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