Public, Private Partnership, Ease Of Doing Business Will Drive Investments Upwards In States-Sanwo-Olu

By Ebenezer Ishola

Lagos State Governor, Babajide Sanwo-Olu, has advocated private, public partnerships, alongside ease of doing business as factors that will drive investments upwards amongst states.

The Governor said it was for such reasons that Lagos has digitalized all its activities, including revenue generation, the judiciary, properly records and registrations

Speaking in Ado-Ekiti during the Ekiti State Economic Development and Investment Summit on Thursday, Sanwo-Olu said Lagos is constantly on the look out for new and better ways of making public institution function better.

The Lagos Governor who spoke on the theme: “Investment Attractiveness and Economic Development – Lessons for Sub-Nationals, throwing light on important topics with regards to economic development, including on the ease of doing business, and technology council in Lagos State which will be chaired by the deputy governor, Obafemi Hamzat.

“We are constantly looking for new and better ways for our public institutions to function, and that is why we have digitalized our tax authorities, our courts, our land and property records and registration procedures, vehicle licensing, our Physical Planning and construction permits protocol”, Sanwo-Olu said.

On financing development, the Lagos governor said it is common knowledge that public sector cannot finance the development needs of states, therefore collaborations between the private and public sector are required as the seed for the growth of the state.

 ‘Therefore, public sector financing has to be catalytic; it has to be designed to support the goals and aspirations of the private sector, the government and the people at the same time.

It must act as a lever that will amplify the impact of what the private sector is doing; every 1 Naira of public financing can be deployed in a way that it creates multiples of itself in private sector impact”, The Lagos Governor said.

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