The Economic Intelligence Unit of the Lagos State Department of Economic Planning and Budget has organized a roundtable discussion on the 30-year development plan proposed by the current government.
At the event, held at the Protea Hotel, CBD, Alausa, Ikeja, the Honorable Commissioner for Economic Planning and Budget, Mr Samuel Egube, reiterated that the round table discussion was designed to preview various contributions from private and public sector stakeholders ‘Lagos Development Update’.
Egube said the program will examine the economic outlook for the remaining half of 2022 and provide policy-making recommendations that will further support governance for the benefit and collective well-being of all Lagos residents.
“The aim of the discussion is to preview various contributions from both private and public contributors who have been previously commissioned to provide leading thoughts on the ‘Lagos Development Update’ and also to explore what the ‘Economic Outlook ‘ should be for the remaining half of 2022 while recommendations for insightful decision-making aids to improve governance in Lagos State are being drafted,” the commissioner said.
He posited that population growth and demographics are changing simultaneously in Lagos and appealed to all stakeholders and experts to offer solutions and provide funds to face the challenges ahead when the proposed 30-year development plan is unveiled.
Egube asked participants for solid contributions to all necessary economic indexes and shared that Lagos State Governor Mr. Babajide Sanwo-Olu had announced last month that the development plan on the forthcoming 9 Ehingbeti was designed to support physical development of the state to advance.
The Commissioner stressed that the Lagos State Development Plan Y2022 – Y2052 has been developed with a clear set of objectives to put Lagos on track to achieve its vision through a prosperous economy that will lead Lagos to a robust, healthy and growing economy with adequate jobs Strategic investments for sustainable growth.
Also, Director of Lagos Economic Intelligence Unit, Ms. Olayinka Modupe Ojo, called on all stakeholders to gather and provide useful guidance on how the development plan proposal could be achieved with the desired impact and performance.
In his presentation, Professor Femi Shaibu from the University of Lagos spoke about the updating and forecasting of the Lagos Development Plan and advised Lagos residents to refrain from using a negative index and focus on the prosperity index to communicate Lagos to the outside world and sell to investors.
Another speaker at the event, Professor Lanre Olaniyan from the University of Ibadan Center for Sustainable Development, elaborated on the economic outlook and development updates, emphasizing the need for Lagos State to have credible economic growth data, particularly for GDP and related ones Variables.
