Lagos Set To Fast-Track Economic Development

In its bid to fast-track economic development of the state, the Lagos government has unveiled a 12-man economic team to be headed by eminent chartered accountant, Dr. Bode Agusto, as Chairman

The state government also opened bids for the award of 181 inner-city road contracts in all local governments in the state.

In the statement, Bello named other members of the committee to include Mr. Kehinde Durosinmi-Etti, Mr. Kenneth Igbokwe, Mrs. Nimi Akinkugbe, Mrs. Adenike Ogunlana, Dr Laolu Mudashiru, Mrs. Omobola Johnson, Mr Moruf Oseni and Mrs. Yetunde Akinluyi who would serve as the secretary.

He added that the Commissioners that would represent the state government on the economic advisory committee are those for Finance, Mr. Akinyemi Ashade, Energy and Mineral Resources, Mr. Olawale Oluwo, and Commerce and Industry and Cooperatives, Mr. Rotimi Ogunleye.

He said the committee “is expected to bring an independent perspective to economic and business issues with the primary role of offering advice to the state government for the purposes of fostering and advancing economic and business opportunities.

“The team will also provide an effective mechanism for engaging the private sector on matters relating to economic development of the State as well as provide advice and strategic direction along the lines of the Lagos State Development Plan.

“The economic team is saddled with the responsibility of specifically advising on the overall finance strategy to bridge the massive infrastructure gap in the state; analyzing any issue, economic or otherwise, referred to it by the governor and to act as champions for certain initiatives.”

Bello further said, “The private sector members of the committee were carefully selected based on their known track record of integrity, independence of thought and outlook as well as diverse industry experience.”
On the inner-city road contract, Governor Akinwumin Ambode had earlier unveiled the initiative to rehabilitate 181 roads in all local councils to fast-track development simultaneously with other major road projects across the state.

The government’s Invitation For Bids (IFBs), are for drainages, street lights and walkways on the road to be built in a duration of six months.