By Deji Elumoye
The federal government has expressed its readiness to support more massive investments in the Centre of Excellence to boost its economic potential as one of the world’s fastest growing mega cities.
President Muhammadu Buhari made this known on Tuesday in a video goodwill message to the Ehingbeti Lagos Economic Summit, themed: ‘‘For a Greater Lagos: Setting the Tone for the Next Decade.’’
According to him, the present administration recognised Lagos as central to the economic fortunes of Nigeria and has in the last few years demonstrated commitment to supporting it unleash its full socio-economic potential.
The president, in a statement by his Media Adviser, Femi Adesina, stressed that the federal government approved special federal funding for Lagos in 2020 in acknowledgement of the state being an epicentre of the coronavirus pandemic.
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Lagos State has set off an ambitious plan for its development over the next decade. By 2030, the State, which has the 5th largest economy in Africa, will have a running city-wide network of colour-coded Metro Lines that will move over 34.5 million people monthly and cut travel time in the metropolis drastically.
Governor Babajide Sanwo-Olu, on Tuesday, outlined key infrastructural deliverables being undertaken by the State at the 8th Lagos Economic Summit, otherwise known as Ehingbeti. The three-day event with the theme: “Greater Lagos: Setting the Tone for the Next Decade”, is facilitated by the organised private sector in support by the State Government.
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