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‘We’ll make Lagos the third largest economy in Africa’

Nigerian News Update » Nigerian Newspapers
Punch Newspaper
Governor Akinwunmi Ambode of Lagos State has said his administration is committed to making Lagos the third largest economy in Africa.

The governor spoke on Wednesday on Victoria Island, Lagos, at the public presentation of a book titled, ‘Making Africa Work.’

The book was co-authored by former President Olusegun Obasanjo, Greg Mills, Jeffrey Herbst and Davies Dickie, all of the Brenthurst Foundation.

Ambode commended Obasanjo, who chairs the foundation, and his co-authors for the book.

He noted that some of the principles expounded in the book would help the state in its vision of becoming the third lagest economy.

The governor, who was represented at the presentation by the Deputy Governor, Dr Idiat Adebule, said, “Africa can be salvaged from its present seemingly difficult situation if the continent can invest heavily in human capital formation that can elicit an innovative and people-oriented leadership.

“If we have to make Africa work, then Nigeria, the largest economy in Africa, must work. I also believe that Nigeria will work better if Lagos, the fifth largest economy in Africa, works.”

Obasanjo identified poor implementation of development policies by African governments as a big impediment to the prosperity of the continent.

He said African governments were never in want of sound development policies, but most of them suffered setbacks owing to little or no implementation.

The News Agency of Nigeria reports that Obasanjo blamed the situation on lack of political will by leaders, poor funding and lack of continuity in governance.

He said, “Why do we have the problem of implementation? I will say the problem is mainly due to leadership, lack of continuity in governance and finance.”

The former President urged African countries to be more determined about their development goals to propel prosperity.

He urged African nations to fight poverty and create opportunities through wealth creation and employment generation.

Jeffrey, in a speech, said Nigeria could witness great development if it tackled unemployment and allowed youths to participate in decision-making.
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