Ehingbeti: No slowing Lagos down as stakeholders unite for LSDP 2052

By Zion Rufus

Policy makers, investors, thought-leaders, governments, notable youths, and regulators convened physically and virtually for the 9th edition of Ehingbeti Lagos Economic Summit 2022 to kick off discussions on the generation and implementation of ideas and innovations that will drive socio-economic and infrastructure development in Lagos State.

Themed “Charting the paths to sustainable socio-economic growth”, the focus of this year’s economic summit which was held at the Eko Hotel and Suites in Lagos was to officially introduce the Lagos State Development Plan (LSDP 2052); a plan which articulates initiatives to guide Lagos State’s ambition of becoming Africa’s model mega city, and a global, economic, and financial hub that is safe, secure, functional, and prosperous.

According to Babajide Sanwo-Olu, Governor of Lagos State, the Lagos State Development Plan 2052 plan is built around 4 strategic pillars – Thriving Economy, Human-centric City, Modern Infrastructure & Effective Governance – with a focus on 20 strategic areas that will drive this ambition. 

The Governor shared: “This long-term development plan has been meticulously devised to accommodate the best of all existing and prior high-level policy documents, transformation plans and development policies, including the THEMES Agenda. We are committed to planning and strategizing, not just for

today, but also for tomorrow. I firmly believe that the future of our great State lies in our own hands, and I assure you that this development plan sets us in the right direction in our continued march towards global prominence and excellence.”

Stating further he added: “As we look forward, Lagos State will continue to achieve its potential, which will be built on our resilience, our rich heritage of culture, innovation and entrepreneurship, and most importantly, our people. I am excited by what the LSDP 2052 has to offer our great State.”

Speaking in the same vein, Sam Egube, Hon. Commissioner for economic planning and budget explained that Lagos is neither progressing by luck or accident, but rather evolving through the rigour of conversations and exchanges of ideas coming from platforms like Ehingbeti and the commitment by successive governments of Lagos to commit to the execution of resolutions reached.

He pointed: “Indeed, seeing ideas like the Lekki Free trade zone, which has now attracted the Dangote Refinery and Fertilizer plant both of global significance shows that what we resolve here for Lagos represents national assets, when we decide, like in past Ehingbetis to work with the private sector to develop the Lekki deep sea port, which on completion will be three times the capacity of Apapa port positioning Lagos as one of the top three Ports in Africa, we must observe that the initiative by implication is national in its impact.”

For her part, Mary Iwelumo, Summit Chairperson, and Partner PwC Nigeria reiterated the importance of Ehingbeti as a platform for private and public sector stakeholders in Lagos State to engage around the States developmental agenda.

She buttressed: “Ehingbeti continues to be an invaluable tool for moulding our growth ambition and, as the previous video showed, has birthed several landmark projects in the State.”

Held annually, Ehingbeti is a platform which drives policy formulation and business dialogues between Lagos State Government and the wider stakeholder community.


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