The delivery of first class infrastructure has been identified as the most potent way to unlock the economic potentials of Lagos State ditto Nigeria.
Governor Akinwunmi Ambode made this known at a Public lecture by the Institute of Chartered Accountants of Nigeria, (ICAN), Lagos State Public Service chapter.
Governor Ambode who also stressed the significance of right policies in a business-friendly environment, noted that it had become imperative to identify, explore and exploit the untapped potentials of the Lagos economy.
According to Governor Ambode, plans are underway for collaborative development plans for regional economic integration which will help minimise some of the current challenges such as rural-urban drift, infrastructural deficit and traffic congestion.
He reiterated that plans were ongoing to achieve the smart city initiative that would further shore-up foreign direct investment (FDI) for the State and the country as a whole.
“Our government is committed to diversifying the Lagos economy and opening it up to the world, this will go a long way in reducing the cost of doing business as well as improve the living conditions of the citizens, our smart city initiative will help to ensure that the State is cleaner, safer, productive and then more resilient thereby making the State more attractive for Foreign Direct Investment,” he affirmed.
Charge to accountants
Governor Ambode then urged accountants in the State public service to see themselves as key stakeholders in bringing about the desired outcome.
He particularly charged them to be the best in their endeavors and help to strengthen the financial base of the State to facilitate execution of infrastructural projects vital to economic growth and development.
The ICAN President, Mallam Muhamadu Zakari who described Lagos as a typical example of sustainable development in Nigeria, urged other states to borrow a leaf from the Lagos for tips on sustainable development policies to revive the nation’s economy.
“Lagos is a shining example in Nigeria; if every other State in Nigeria follows what Lagos is doing, perhaps all the issues confronting us as a nation would have been resolved, Lagos has got human capital and good leadership, sustainable development is inclusive development and that is what Lagos is doing,” Mallam Zakari noted.
Meanwhile, the State Public Service ICAN Chairman, Mr Hakeem Tairu, who noted that the role of accountants could not be over-emphasized, appealed to Governor Ambode to approve a new designation of Finance and Account status as practiced at the Federal level for accountants in the public service.
The theme of the public lecture is Lagos at 50: “Unlocking its Economic Potentials for Sustainable Development.”