Lagos State Governor, Mr. Babajide Sanwo-Olu, has called for stronger public-private partnerships, streamlined regulatory frameworks, and the deployment of modern solutions to drive sustainable growth across Lagos’ Central Business Districts (CBDs).
The governor made the call at the Central Business Districts Stakeholders Summit themed “Rebranding and Revitalising Lagos CBDs: Strategies for Sustainable Growth and Development,” held at the Muson Centre, Onikan, Lagos. The summit brought together key stakeholders from the public and private sectors, including business leaders, investors, urban planners, and policymakers.
Governor Sanwo-Olu emphasized that vibrant and well-managed CBDs are critical to Lagos’ economic growth, job creation, and global competitiveness. He noted that strategic collaboration between government and the private sector is essential to reposition Lagos CBDs as attractive hubs for commerce, innovation, and investment.
According to the governor, simplifying regulatory processes will reduce bottlenecks faced by businesses, particularly small and medium-scale enterprises (SMEs), which remain the backbone of the state’s economy. He stressed that creating a more business-friendly environment would enable SMEs to thrive, attract foreign direct investment, and stimulate inclusive economic development.
Sanwo-Olu also highlighted the importance of deploying modern and smart solutions, including digital infrastructure, efficient transportation systems, and sustainable urban planning, to enhance productivity and improve the overall business experience within Lagos CBDs. He added that such initiatives would empower young professionals and entrepreneurs by providing them with opportunities to innovate and compete on a global scale.
The governor reaffirmed his administration’s commitment to rebranding and revitalising key business districts such as Marina, Ikoyi, Victoria Island, and other commercial hubs, in line with the T.H.E.M.E.S+ development agenda of the state.
He called on stakeholders to embrace innovation, sustainability, and shared responsibility in transforming Lagos CBDs into world-class economic centres. According to him, sustained collaboration will not only boost investor confidence but also reinforce Lagos’ position as Africa’s leading business and financial hub.
The summit concluded with discussions on policy reforms, infrastructure development, and actionable strategies to ensure long-term growth and resilience of Lagos’ Central Business Districts.
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