Lagos State Governor, Babajide Sanwo-Olu, has reiterated the importance of strong collaboration between government and financial institutions in driving economic growth and sustaining investor confidence in the state.
The Governor made this known while receiving the Senior Management Team of Union Bank of Nigeria at Lagos House, Marina. The delegation was led by the bank’s Board Chairman, Bayo Adeleke.
During the meeting, discussions centred on the critical role of financial institutions in supporting businesses, expanding access to credit, and strengthening confidence in Nigeria’s economy. Governor Sanwo-Olu noted that banks remain key partners in the quest to build a resilient economy, particularly in a state like Lagos where small and medium-scale enterprises serve as the backbone of economic activity.
He emphasised that the Lagos State Government is committed to creating a business-friendly environment that allows enterprises to thrive, adding that access to affordable finance and sound financial services is essential for job creation and sustainable development. According to the Governor, collaboration with reputable financial institutions helps reinforce the state’s strategy of inclusive growth and long-term stability.
Governor Sanwo-Olu expressed appreciation for the commitment demonstrated by Union Bank to work closely with the state in advancing its development agenda. He said such partnerships are vital in supporting entrepreneurs, strengthening private sector participation, and ensuring that economic opportunities reach more residents.
In his remarks, Mr. Adeleke reaffirmed the bank’s readiness to support Lagos through innovative financial solutions and strategic cooperation aimed at empowering businesses and stimulating growth. He added that the bank remains focused on contributing meaningfully to the economic progress of the state.
The Governor concluded that with sustained collaboration between government and the financial sector, Lagos will continue to build a stronger, more resilient economy that benefits both investors and citizens alike
About the Author
