Ehingbeti summit to deepen public, private partnership

ECONOMIC players have expressed the need to strengthen public and private sector partnership in critical sectors within Lagos State, ahead of as the Ehingbeti Lagos Economic Summit scheduled to hold in October 2022. They say this would foster the crossbreed of innovative ideas to build the 30 year Lagos development plan from 2022-2052.

The thrust of the summit is geared towards creating blueprints of an economic transformational agenda to leverage and implement innovative ideas to encapsulate better developmental milestones for Lagos in the coming years. To this end, the Ehingbeti economic summit is expected to host economic and finance experts from public and private sectors of the nation’s economy to on the paths to sustainable socioeconomic growth of Lagos State.

Speaking at the Summit activation exercise in Lagos, Simisola Otuyalo, chief Operating Officer of Lagos Economic Summit Group (LESG) posited that over the last twenty years the State had seen the reposition, growth, implementation and resolutions of the various summit activations in the state adding that the resolution has implemented roads, rails, infrastructural projects and various technological improvement in the state which has impacted on the livelihoods of businesses in Lagos economy.

She affirmed the need to synergize with the private and public sector to improve the economic lifeline of the State to reflate the economy to attract foreign direct investment into the country’s biggest commercial hub while calling the organised private sector, budding industrialist and manufacturers in the state to join efforts to validate the 30 year development plan to expand emerging markets economy and integrate wider markets.

Otuyalo hinted that the 30 year plan would encapsulate the entire gamut of socioeconomic plans with massive development rights to redirect the nation’s economy which she said was targeted for economic growth and prosperity.

She further pledged its commitment to revolutionising the Lagos economy in its bid to become Africa’s model megacity and financial hub for safe investment while stressing that this would preserve jobs and create more employment for the growing youth population.

She encouraged stakedeliberate holders from various sectors to recommit to actualize the 30 year plan to reflate the economy of the state for investment, businesses and emerging markets while stressing that this would incorporate ideas, opinions and validate their plans to synergize and work closely with critical stakeholders in the State.

“With the forthcoming Ehingbeti Summit scheduled to hold next month, over four areas in Lagos have been sensitised on the much needed summit aimed at brainstorming innovative ideas and economic blueprints to make Lagos a 21st century economy.

“Over 222 resolutions where out of which 210 resolutions have been implemented, the State has achieved a 77 percent budget performance thus far as plans to hit 100 per cent is on the cards,” she said.