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Tuesday, January 19, 2021 / 8:02 AM / Ottoabasi Abasiekong for WebTV / Header Image Credit: Browse NG
Mr. Babajide Sanwo-Olu, the governor of
Lagos State, said that he believes that the Lagos economic agenda with the
acronym T.H.E.M.E provides immense opportunities for private sector capital
from global investors interested in strong returns at reasonable risk.
The Governor was the keynote speaker at a
virtual investment forum hosted by the Institute of Directors (IoD) for the
United Kingdom business community in Nigeria.
The Lagos state government's T.H.E.M.E programme is anchored on five pillars;
Speaking on the value that the state
government places on public-private partnerships to achieve its goals, Sanwo-Olu
said, "Lagos State cannot do it alone and is in search of private sector
capital within a win-win investment framework to aid the rapid development of
the state".
He identified the following as areas of mutually beneficial partnerships;
According to the state governor,
there are a variety of investment opportunities in Lagos state worth over
US$2bn in the areas of Education, Shoreline Protection of Lagos Lagoon
Coastline, Rebuild Lagos initiative (Sequel to the #EndSARS protests),
Health, Environment, and Transportation infrastructure.
In education, Governor Sanwo-Olu said over
$50m of opportunities exist in supporting the construction and rehabilitation
of school buildings, leveraging technology to improve secondary school
learning, and Eko Excel project for primary schools.
Considering the coastal location of Lagos,
he informed investors that the state has a shoreline protection strategy
that would require over $80m for partnership and investments.
This would cover a few projects including the following;
With the 2020 #ENDSARS protest which destroyed private and public properties, the state plans to rebuild through the "Rebuild Lagos" programme involving US$182m to provide the following;
The impact of the COVID-19 pandemic
outbreak in 2020 with Lagos as the epicenter, according to the Governor,
reinforced the need to upgrade healthcare infrastructure in the state.
This sector now presents a massive opportunity for investments to the tune of US$375m which would be deployed for some of the following projects;
The Governor assured investors that Lagos state was committed to creating an enabling environment for businesses, reinforced by the recent automation of business registration, permits, and approvals.
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