Lagos State Deputy Governor and APC governorship candidate, Dr. Kadri Obafemi Hamzat, has reiterated his commitment to building a stronger economy that creates more opportunities for businesses, workers and residents across the state.
Hamzat made this known during his participation in the BusinessDay Town Hall with the Organised Private Sector, where he engaged business leaders on key economic challenges affecting businesses and households in Lagos.
The discussions focused on multiple taxation, access to finance, job creation, affordable housing, healthcare and infrastructure development.
According to Hamzat, Lagos must be managed as an interconnected system where improvements in one sector positively affect other areas of the economy. He noted that transportation, for instance, plays a significant role in the movement of goods, business operations, food prices and the overall cost of living.
He explained that his development agenda, known as The Lagos PROMISE, would focus on building on existing achievements while addressing areas that still require attention.
Among the proposed reforms is the harmonisation of 63 identified taxes into nine, a move aimed at reducing the tax burden on businesses and improving the ease of doing business.
Hamzat also outlined plans to expand access to capital and business support for small enterprises, with the ambition of increasing Lagos’ small businesses from 120,000 to one million.
Other commitments include expanding healthcare capacity by 50 per cent, improving access to affordable housing and creating more economic opportunities for artisans and informal sector workers.
He emphasised that development promises must be practical, measurable and supported by clear implementation strategies.
Hamzat further expressed confidence in his experience in the state’s development journey, pledging to strengthen partnerships with the private sector and ensure economic growth translates into improved living conditions for Lagos residents.
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