Lagos, Kano to hold Economic Summit

Luqmon Balogun, Lagos

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Joint Media briefing on the forth coming Lagos-Kano Economic Summit 2018

Lagos state, south west and Kano state in North-western Nigeria have agreed to hold the next Nigeria’s economic summit in Lagos.

At a joint press briefing in Ikeja, Lagos, the representatives of the two states announced that Lagos and Kano states will hold the Economic and Investment Summit from the 28th of February to March 1st, 2018 in Lagos.

The Summit

The Lagos state Commissioner for Finance, Akinyemi Ashade who is one of the Chairmen of the Summit said that the need to collaborate among states in the country becomes imperative in order to further develop the polity.

“Globally, inter state and regional partnership are fast becoming benchmarks and leading practices for growth development”.

“Equipped with this knowledge, the Government of Lagos state under the visionary and able leadership of their excellences Akinwunmi Ambode and Abdullahi Ganduje respectively decided to take a leading role towards maximizing the unique comparative and competitive economic and investment opportunities of both states,” Commissioner said

Ashade explained that the similarities that both state shared had brought about the idea of the summit.

According to him, “as you are all aware, our great states share peculiar history and pedigree in demography, economic viability and leading roles within each our geopolitical regions.

We have the highest population and cosmopolitan spread in Nigeria, while I make bold to say that the performances of the two States in areas of economic reforms, improved their business environments and contributed significantly in boosting Nigeria’s Ease of Doing Business global Ranking from 169 to 145 for the year 2018 as measured in 2017″.

He noted that the Summit signals the first phase in the journey towards a long-lasting partnership between the two States and promise that it would help boost economic development and foster national unity among others.

 Summit’s driving force

The co-chairman of the Summit, Samsindeen Usman says one of the objectives of the summit is to create awareness on both state government’s investment climate and policy thrust as well as create a platform for dialogue for potential investors and share emerging investment ideas with the target audience of both states.

“The Lagos-kano summit is a comprehensive cooperation. It will not be one-product relationship like you have in the Lagos-Kebbi Lake Rice.

The summit will avail the two states to share both similarities and dismilarities, in terms of population, mega city status, dearth of infrastructure in the past and the current infrastructural recovery,” Usman said.

He noted that during the summit, a memorandum of Understanding will be signed to seal the partnership between both state governments.

He highlighted that the discussions at the summit with the theme:“States Partnership as a tool for Sustainable Economic Development” will revolve around Security, Agriculture, Tourism, Internally Generally Revenue, and Governance among others.

 

Aisha JM