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Lagos charts new economic growth phase with Ehingbeti



The Lagos State Government is building a new and sustainable growth phase where private sector input on the state’s developmental plans will be sought and implemented.

To achieve this, the Lagos Economic Summit Group (LESG) will be organising the Lagos Economic Summit tagged ‘Ehingbeti 2020’ where private sector input will be sought for sustained socio-economic development of the state.

The event is scheduled to hold from November 10 to 12,  with the theme:  ‘For a Greater Lagos: Setting The Tone For The Next Decade’.

‘Ehingbeti 2020’ will provide a robust platform for deliberations on pragmatic optimisation of the inherent opportunities in Lagos and offer perspectives on how to manage the peculiar socio-economic landscape of the state in the coming decade.  The three-day summit, which will be a hybrid of virtual and live events, will draw participation from various sectors of the economy and across the globe.

The group has also refreshed the Ehingbeti logo to reflect the contemporary outlook of the annual summit without disconnecting from the economic heritage of the Marina and Broad Street areas of Lagos, which served as the springboard for Nigerian and West African economic development since the European incursion in the 15th century.

Unveiling the new logo, Co-Chair of the ‘Ehingbeti 2020’ Steering Committee and former Lagos State Commissioner for Economic Planning & Budget, Olayemi Cardoso, said: “This new Ehingbeti logo is an embodiment of meanings and expression of the LESG ideals. The convergence of colours in the logo connotes the essence of Ehingbeti as a participatory forum for integrating local and international stakeholders to exchange ideas and chart a path for the socio-economic development of Lagos State.

“The bright star above the image of the iconic ‘Agba Meta’ is a depiction of the result of working together to deliver the stellar accomplishments that define the city state of Lagos and the pervasive atmosphere of economic stability in the state.  I am happy to let you know that the image of the ‘Agba Meta’ is a representation of the sculpted white cap chiefs built to welcome people into Lagos.”

The logo is to emphasise our pride in culture as we welcome participants to Ehingbeti 2002 and beyond”, concluded Mr. Cardoso.

Ehingbeti is an ingenuous socio-economic apparatus that has contributed significantly to the evolution of Lagos State into a major economy in sub-Saharan Africa and an admirable megacity, with expanding potentialities. The summit, hosted by successive administrations in Lagos State since the beginning of the 4th Republic, has consistently redefined the dynamics of public-private sector collaboration for development across social and economic indices in Lagos State.

“In the last two decades, Ehingbeti has played a pivotal role in the transformation of Lagos State, with useful inputs into Lagos State Development Plans (LSDP)”, said Sam Egube, the Commissioner for Economic Planning and Budget, who is also a Co-chair of the Steering Committee.

“Our realities from 2000 when the first Ehingbeti held, exactly 20 years ago, have significantly changed. As a state, we now have to cater for the infrastructural needs of more than 22 million population and ensure that Lagos remains on the path of continuous growth”

“These considerations are the groundwork of the Babajide Sanwo-Olu administration’s THEMES Agenda, but translating the agenda to benefits for our people will require collaboration amongst stakeholders, and a determination to deepen the foundation for sustainable development and growth of our society. So, Ehingbeti 2020 offers us a platform to address all these”, ended Egube.

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