Governor Sanwo-Olu Highlights Transformation of Lagos Development Trajectory Through Strategic Private Investment.”

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Lagos – Nigeria’s most populous state with smallest landmass – has evolved from squalor to become one of the biggest economies in Africa. This progress is not without its attendant development challenges, which Governor Babajide Sanwo-Olu, at an international investment forum on Thursday, attributed to “self-inflicted troubles” resulting from the growth trajectory of the State over the past two decades.

The Governor said each time Lagos made a progress in its development effort, more people would be drifted to the city from different parts of the country. The uncontrolled migration, he said, leads to the continuous expansion of the State’s population, which overstretches public facilities and services.

Sanwo-Olu, however, shared the approach being adopted by his administration to surmount the challenges facing Lagos and turn them to opportunities. The Governor spoke at the on-going Africa Investment Forum (AIF) in Marrakech, Morocco, with the theme: “Leveraging Cities and Municipalities for National Development.”

The forum is a multi-stakeholders platform that advances infrastructure investment and raises capital for city projects. African business leaders, investors and heads of multilateral institutions, including the President of African Development Bank (AfDB) Group, Dr. Akinwumi Adesina, graced the event.

Sanwo-Olu participated in a discussion panel moderated by AfDB’s Senior Advisor on Communication and Stakeholder Engagement, Dr. Victor Oladokun. Other panelists are the Vice President of the Municipality of Marrakech, Morocco, Prof. Khadija Bouhrachi, and Vice Governor of Autonomous City of Abidjan, Hon. Yeo Klotioloma.