THRIVING BUSINESS ENVIRONMENT DEPENDS ON STRONG INFRASTRUCTURE – SANWO-OLU
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Lagos State Governor Babajide Sanwo-Olu has said that his administration has made great strides in digital connection, public transportation, and road construction because it recognizes that robust infrastructure is essential to a successful economic climate.
At the Lagos Chamber of Commerce and Industry’s Lagos State Day/Closing Ceremony of the Lagos International Trade Fair, held on Sunday in Tafawa Balewa Square, Lagos, Governor Sanwo-Olu made this statement.
The multimodal transport system, which links roads, trains, and canals to improve corporate efficiency and facilitate travel, has revolutionized urban transportation, he claims.
His words: “The Blue and Red Rail Lines stand out among these projects, redefining public transportation in Lagos. Before the end of the year, we will also be commencing work on another line to further integrate and connect different parts of the State.
“Our extensive Fiber Optic Network project is to ensure seamless digital connectivity across the State, enabling smoother business operations and reducing costs. Lagos is a city where innovation and resilience meet, and we are committed to building a digital-first economy. By advancing partnerships with tech hubs, offering incentives for digital startups, and fostering a tech-driven environment, we are positioning Lagos as a preferred destination for innovative solutions.”
Sanwo-Olu affirmed that the theme, “Connecting Businesses, Creating Value,” aligns perfectly with Lagos State’s vision to foster partnerships, drive innovation, and build an environment where businesses of all sizes can thrive.
“Sustainability remains central to our growth strategy, and we are taking decisive steps toward becoming a cleaner, greener Lagos. Through initiatives that prioritise renewable energy, waste management, and eco-friendly policies, we are creating a sustainable city that balances economic opportunities with environmental stewardship, benefiting current and future generations. We are working to ensure that Lagos becomes more resilient to challenges of climate change and other shocks,” he said.
According to Folashade Ambrose-Medebem, Commissioner for Commerce, Cooperatives, Trade, and Investment, building relationships is now essential for our businesses, especially MSMEs, to expand and prosper in the fast-paced, constantly-changing global economy of today.
“Recognising their significant roles, we have been working to strengthen their operations, expand our financial inclusion initiatives – through grants and low-interest loans, to accommodate and support budding entrepreneurs and established small businesses alike. In collaboration with our partnering institutions, we continue to equip our MSMEs with the resources they need to innovate and scale their operations.
Gabriel Idahosa, FCA, president of the Lagos Chamber of Commerce and Industry, praised the State Government for its backing of the chamber and Governor Sanwo-Olu in particular for his unwavering commitment to keeping the chamber at the forefront of African business development.
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