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Lagos Continues to Drive Nigeria’s Economy — Obasa

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Lagos economic powerhouse reaffirmed as Speaker Obasa says state remains Nigeria’s commercial hub and top destination for investment and growth

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The Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Ajayi Obasa, on Thursday reaffirmed Lagos State’s position as Nigeria’s primary economic hub, insisting that the state continues to drive the nation’s commercial strength despite Abuja serving as the Federal Capital Territory.

Also read: Easter: Obasa Urges Christians To Embrace Hope, Unity, Renewal

Rt. Hon. Mudashiru Ajayi Obasa made the remarks while receiving the leadership of the Lagos Chamber of Commerce and Industry (LCCI), led by its President, Engr. Leye Kupoluyi, during a courtesy visit to the Assembly complex.

The Speaker stated that Lagos remains the most attractive destination for investment in Nigeria, crediting the State House of Assembly’s legislative framework for strengthening business confidence and economic development.

He highlighted key laws such as the Public Private Partnership Law, the Employment Trust Fund Law, and the Lagos State Lottery Law as examples of policies designed to support entrepreneurship, encourage private sector participation, and sustain long-term growth.

“Lagos is the centre of Nigeria’s economy. We have always been pro-business and pro-people, and our laws reflect this commitment,” Obasa said, describing Lagos as strategically positioned to remain a leading economic force in Africa.

Lagos economic powerhouse status, he added, is reinforced by deliberate policies aimed at creating a business-friendly environment that supports both local and international investors.

In response, Engr. Kupoluyi commended the Lagos State House of Assembly for its legislative efforts and called for deeper collaboration between lawmakers and the private sector to further improve the ease of doing business in the state.

The LCCI delegation included senior officials such as Chief Varkey Verghese, Sir Ladi Smith, Princess Layo Bakare-Okeowo, and Dr. Chinyere Almona, among others, while several members of the House and legislative staff were also present at the meeting.

Also read: Olusegun Obasanjo Honours Gbenga Daniel’s Legacy at 70

The engagement underscored a shared commitment between both institutions to strengthen Lagos’s position not only as Nigeria’s commercial capital but also as a key driver of continental economic development.

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FG Begins Fresh Tax Reform Review Ahead of 2027 Budget

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Nigeria begins a tax reform review ahead of the 2027 Finance Bill, with officials targeting implementation gaps, simpler compliance and stronger investment (more…)

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Governor Dauda Lawal woos investors, highlights Zamfara’s economic opportunities at CEO Forum

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Zamfara State Governor, Dauda Lawal, has called for stronger collaboration between government, businesses and investors to unlock private capital and drive inclusive economic growth in the state.

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Lawal made the call while delivering a Special Policy Address at the 2026 CEO Forum organised by the Global Compact Network Nigeria in Lagos.

The forum, held under the theme “Financing a Dignified Future: Aligning Business Action, Policy and Capital,” brought together chief executives, senior government officials, industry leaders, diplomats, trade commissioners and international development partners.

Participants were drawn from key sectors of the economy, including oil and gas, energy, manufacturing, construction and infrastructure.

The governor spoke on the growing competition among states for increasingly selective private capital and the factors that could transform an economic opportunity into an investable proposition.

He explained how his administration was working to bridge the gap between available economic opportunities and investment, with emphasis on building investor confidence while ensuring that investments deliver meaningful outcomes for the people of Zamfara.

According to him, attracting investment requires more than identifying economic opportunities, but also creating the conditions, policies and partnerships capable of giving investors confidence to commit capital.

The forum provided a platform for business leaders, government officials and investors to examine ways of aligning business strategies, public policies and capital deployment to unlock productive investment.

Discussions also focused on identifying businesses, sectors and projects with strong potential but facing difficulties in accessing financing, as well as measures to make such opportunities more attractive to investors.

The organisers also introduced the concept of the “Dignity Dividend,” examining how investment-led growth could translate into better jobs, stronger businesses, increased productivity, local value creation and broader economic participation.

Another key component of the forum was the identification of actionable commitments and partnerships that participating institutions could advance over the next six to 12 months.

Notable speakers at the event included chief executives of First Bank Group, Access Bank, Flour Mills of Nigeria Plc, Nigeria Economic Summit Group, Nigerian Exchange Group, Chellarams Plc, SecureID Group and Greenwich Merchant Bank Plc, among others.

The organisers said the session would culminate in a live showcase of the Business Value and Sustainability Platform (BVSP), described as a standing coalition of business, capital and policy actors designed to sustain the dialogue.

The platform is also expected to contribute to shaping Nigeria’s private-sector engagement during the United Nations General Assembly High-Level Week.

The governor’s participation in the forum comes as Zamfara seeks to strengthen its economic base, attract productive investment and create opportunities that can support sustainable livelihoods and wider participation in the state’s economy.

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Fuel subsidy debate: Between economic reform and political expediency

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Atiku petrol subsidy plans have reignited Nigeria’s 2027 debate as the ADC candidate promises relief while the Presidency demands clarity

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