Lagos State Governor, Babajide Sanwo-Olu, has said that strategic capital market investments are triggering revenue growth and infrastructure development across the state.
He recently highlighted how key initiatives and public-private partnerships are transforming the state into a leading economic hub.
Speaking at the Nairametrics Capital Market Choice Awards on Friday, May 23, at the Civic Centre in Lagos, Sanwo-Olu, who was represented by the Honourable Commissioner for Finance, Mr. Abayomi Oluyomi, said that Lagos has effectively harnessed the capital market’s power to fund major infrastructure projects and make smart investments, and it has benefited the state greatly.
According to him, by exploring the market’s ability to modernise, Lagos state has been able to improve its revenue generation consistently, and such smart investment can be expected to continue for a long time.
“Our journey has been defined by bold choices and strategic initiatives, including our active role in the capital market through our various gold initiatives.
By tapping into the market’s ability to modernise, we have been able to drive transformative infrastructure projects in Lagos, and we have also enhanced revenue generation and made smart investments that benefit all nations,” he said.
Sanwo-Olu further stated that public-private partnerships play a vital role in Lagos’ economic strategy because combining both sectors has positioned the state as a financial hub to look out for.
“Public-private partnership is a central part of our approach, allowing us to combine the strengths of both sectors to cultivate a thriving, inclusive community.
Through this partnership, we are transforming Lagos into the financial hub of our future, a shining example of opportunity,” the Governor said.
He then reiterated his commitment to increasing financial literacy to empower Lagosians to participate effectively, while creating an accessible capital market for the people of Lagos.
“Looking forward, we are dedicated to nurturing a capital market environment that is built on transparency, accessibility and opportunity.
We are ramping up our efforts to enhance financial literacy, making sure that every citizen has the knowledge and tools they need to engage effectively in our markets,” he added.
