Lagos Targets Third Largest African Economy Spot –Ayorinde

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The Lagos State Government says it has developed plans to grow its economy to the third largest in Africa within the next four years.

The Commissioner for Information and Strategy, Mr. Steve Ayorinde, who hinted at this in an interview in Lagos, explained that part of the plan involves generating 100 per cent of its revenue internally so that it would not have to depend on the allocation from the Federal Government.

He said so far, IGR accounts for 70 per cent of the state’s revenue.

Ayorinde stated, as he spoke on the year-long Lagos @ 50 celebrations, that the state government is not distracted by the fact that Lagos is now one of the country’s oil-producing states.

According to him, Governor Akinwunmi Ambode’s first two years in office has become an evidence of what to expect in the next two years.

He said “He (Ambode) has been committed to the Lagos State Development Plan, paying great attention to all the four pillars of development as they affect the economy, security and the environment.

“This is an administration that is moving from a mega city to a smart city where technology will drive development, innovations and security.

“So, when you hear the governor speak about channelising the waterways and expanding the jetties,  opening new BRT corridors along Abule Egba and Marina; proposing superhighways, working towards 3,000 megawatts of electricity and approving the creation of a smart-city project within the Ibeju-Lekki area with a new airport, you know that he is speaking about Lagos of the future.”

The commissioner said the 50th celebration is pertinent because unlike other states created in 1967, it has remained indivisible while also proving to be the powerhouse of the country.

“Lagos State deserves to count its blessings. Other states come here to learn the art of modern and accountable governance and many are humble enough to admit and acknowledge it,” he said.

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