Business Day (Nigeria)

Apapa welcomes Sanwo-olu with high expectatio­ns

- CHUKA UROKO

The Apapa community joined the rest of the 20 million residents of Lagos to welcome Babajide Olusola Sanwo-olu, the state’s new governor, who was sworn in for a four-year term on Wednesday.

The new governor, who emerged winner of the March 9 governorsh­ip election which he contested on the platform of the ruling All Progressiv­es Congress (APC), is not a political neophyte, and he is not new to Lagos politics, economy, governance and bureaucrac­y having served as two-time commission­er in the state.

To most Lagosians, SanwoOlu’s emergence as their governor is a return of the native. He knows and understand­s the terrain; it is believed that the opportunit­ies and challenges

that define Lagos as Nigeria’s commercial capital and the largest economy in West Africa are not lost on him.

It is on the basis of this, more than anything else, that the coming of the new governor was greeted with high expectatio­ns and, for the Apapa community which comprises the residents, business owners, port operators and users among others, this is most likely the coming of a Daniel to judgment.

Apapa is Nigeria’s premier port city. It has the first Government Reservatio­n Area (GRA) in Nigeria where the great legend, Obafemi Awolowo, lived along with many white men and middle-class natives who worked either in the ports or in the blue-chip companies on Lagos Island.

Apapa was described as a “city of aquatic splendour” with an alluring and thriving environmen­t for both residence and commerce that revolved around port and other marine activities. The port city is home to Nigeria’s two busiest seaports that account for 75 percent of both import and export activities in Nigeria. Its economy is valued at N20 billion a day.

But today, this port city, for all it stands for or used to stand for, is under siege. It is an occupied territory. It has lost its charm, its essence and, indeed, its soul, to mindless and uncontroll­ed activities of men without conscience. And so, it is no longer at ease in the port city.

The residents and business owners particular­ly are not only traumatise­d and disillusio­ned, but also marooned like birds in a boundless desert which is why Sanwo-olu comes as a glimmer of hope, a silver lining in the sky and a flicker of light at the end of the tunnel.

The expectatio­n is high and made a lot higher by the new governor’s campaign promise to the Apapa community.

“I will clear Apapa gridlock in 60 days,” he said, and the people believed him, not because he has any magic wand, but because, unlike others before him, the new governor has shown empathy for the plight of the people in this side of town.

Clearing Apapa gridlock by whatever means is in the best interest of every stakeholde­r, but more to the Lagos State government. Lagos is Africa’s 7th largest economy. Its internally generated revenue (IGR), which comes mainly from taxes, stood at $1.3 billion in 2015 and this is three times more than the state with the second largest IGR and 39 percent of the total IGR by Nigeria’s 36 states.

 ??  ?? L-R: Joret Olivier, executive head, card & emerging payments, China, Standard Bank; Ayodele Ojosipe, head, enterprise banking and trade finance, Stanbic IBTC Bank plc; Wole Adeniyi, deputy chief executive, Stanbic IBTC Bank plc; Manessah Alagbaoso, head, Africa-china integratio­n, Standard Bank Group, and Ralph Deng, general manager, Zhejiang Internatio­nal Trading Supply Chain Company Limited, at the launch of Stanbic IBTC Africa-china Agent Propositio­n in Lagos.
L-R: Joret Olivier, executive head, card & emerging payments, China, Standard Bank; Ayodele Ojosipe, head, enterprise banking and trade finance, Stanbic IBTC Bank plc; Wole Adeniyi, deputy chief executive, Stanbic IBTC Bank plc; Manessah Alagbaoso, head, Africa-china integratio­n, Standard Bank Group, and Ralph Deng, general manager, Zhejiang Internatio­nal Trading Supply Chain Company Limited, at the launch of Stanbic IBTC Africa-china Agent Propositio­n in Lagos.

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