Lagos State Governor, Mr. Babajide Sanwo-Olu, has said despite the uncertainty in the global business world, his administration cannot give excuses “but must work to achieve its set out goals as promised during the campaign period.”

He assured the business community that his administration will not allow disruption of businesses in the state.

Sanwo-Olu gave the assurance during the 2023 Lagos Corporate Assembly, a business forum tagged “BOS meets with Business Community”.

Speaking during the meeting attended by members of the State Executive Council, heads of agencies, captains of industries and entrepreneurs, Sanwo-Olu urged government agencies to interface with corporate organisations and Small and Medium-sized Enterprises (SMEs) with a human face.

Sanwo-Olu, who promised prompt attention to issues during the meeting, reassured the business community that his administration is committed to ease of doing business and a conducive environment for businesses to thrive in the state.

Sanwo-Olu, while speaking on his administration’s commitment to deliver good governance and dividends of democracy.
He disclosed that Lagos State requires about N7 trillion budget size to meet up with infrastructural and basic amenities in 2024.

He said: “Reports gathered from Ministries, Departments and Agencies show that if we have the resources, at least N7 trillion will be needed for the year 2024 budget to meet the state’s infrastructural challenges and other basic amenities. This proves that our proposed N2 trillion budget for 2024 is far from it.”

Sanwo-Olu also assured the business community that he would invite officials of the Federal Ministry of Trade and Investment and some federal agencies to the next Lagos Corporate Assembly, which is expected to be held in the first quarter of 2024.

Lagos State Commissioner for Commerce, Cooperative, Trade and Investment, Mrs. Folashade Ambrose-Medebem, explained that the corporate assembly has been a very important public–private sector engagement platform, through which the government and the business community interact and discuss issues that are crucial to the state’s industrial and commercial growth.