• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, August 27, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Prospects For Nigeria’s Economic Growth Promising – Fashola

by George Okojie
1 year ago
in News
Fashola
Share on WhatsAppShare on FacebookShare on XTelegram

Former minister of Works and Housing, Mr Babatunde Fashola, has expressed optimism about the nation’s economic fortunes, saying the growth rate is promising.

Advertisement

Fashola spoke at the Annual General Conference of Egbe Amofin O’odua held in Ikeja, Lagos.

The former governor of Lagos State said, “As far as prospects for economic growth are concerned, the horizon is extremely promising. The tools to achieve expansive and inclusive growth, especially the manpower in quality and quantity already exist.

“Apart from the human capital, growth will also be impacted by hard infrastructure and soft infrastructure and all of these already are a work in progress and we as citizens just need to understand better how they work, how they impact us and what our roles are in the process.

“Let me deal with the hard infrastructure first, which includes but is not limited to ports (air and sea), roads and bridges, rail and lately broadband infrastructure. These are the first things that determine how much an economy can grow.”

RELATED

Solid Minerals Get Only N24bn Capital Budget Despite Needing N250bn

Federal Gov’t Orders Shutdown Of Illegal Gold Mining Site In Gwagwalada

53 minutes ago
Missing Crude: CSOs Dismiss Whistleblower’s Claims, Allege Extortion Attempts

Niger Delta People Live On $2 Daily Despite $1trn Oil Revenue — INC

54 minutes ago
ADVERTISEMENT

He argued that the countries that build, buy or produce more of the infrastructure are usually able to create more opportunities for growth, productivity and employment.

“If we look at a few case studies of what we have done before, the less talked about and sometimes not largely known opportunities beyond the delivery of the infrastructure asset itself will become obvious to us.”

According to him, Lagos-Ibadan Expressway for instance is more than a road, saying it was a job centre and forum for economic exchange, adding that during the reconstruction of section one of the expressway, covering 44 kilometres from Lagos to Sagamu, significant job opportunities were created.

ADVERTISEMENT

 

“This section of the project employed: 29 subcontractors; 161 suppliers; 75 permanent jobs at the quarry, which facilitated about 30 truck trips per day; the contractor paid N39.8 billion to suppliers; N10.6 billion to its own employees.

 

“This indicates the project’s substantial economic impact through the engagement of various stakeholders and employment generation across different levels of expertise.”

 

On the Second Niger Bridge, Fashola said the construction created approximately 20,000 jobs at the construction site, adding that the employment involved different roles including engineering, skilled and unskilled labour as well as support services.

 

Dwelling on other sectors, he said, “As we can see, soft power is gradually but consistently gaining prominence over hard power. Artistes, sports personalities, entertainers now have a booming voice in global affairs, and there has been no time in human history like now when talent is receiving so much reward, recognition and remuneration.

 

“Sports and entertainment are no longer hobbies; they are professions which must now form robust pillars of our prospects for economic growth. They are opportunities for youth development and growth seemingly hiding in plain sight. But they are not opportunities without challenges and I intend to invite our attention to a few and perhaps drop a gauntlet for Egbé to contribute to charting a pathway.”

 

 

 

 

 

 


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: Babatunde Fashola
SendShare10170Tweet6356Share
ADVERTISEMENT
Previous Post

Prioritise Children’s Well-being In Budget Planning – UNICEF

Next Post

Participants Call For More Women Inclusion In Skills Acquisition

George Okojie

George Okojie

You May Like

Solid Minerals Get Only N24bn Capital Budget Despite Needing N250bn
News

Federal Gov’t Orders Shutdown Of Illegal Gold Mining Site In Gwagwalada

2025/08/27
Missing Crude: CSOs Dismiss Whistleblower’s Claims, Allege Extortion Attempts
News

Niger Delta People Live On $2 Daily Despite $1trn Oil Revenue — INC

2025/08/27
Kola Confesses Feelings To Dede
Entertainment

BBNaija10: Dede, Kola Spark Intimacy Rumours After Late-night Moment

2025/08/27
IGP Redeploys FCT, Delta, Rivers Police Commissioners
News

IGP Speaks On ‘Cattle Theft’ As Terrorism Financing At INTERPOL Conference

2025/08/27
2nd Anniversary: Otti’s Gov’t Lacks Accountability, Transparency — Abia APC
News

Reverse Abia’s New Tax Regime, It’s Stifling Businesses, Ikonne Tells Gov Otti

2025/08/27
Oborevwori
News

Dafinone Felicitates Gov Oborevwori, Deltans On 34th Anniversary

2025/08/27
Leadership Conference advertisement

LATEST

Federal Gov’t Orders Shutdown Of Illegal Gold Mining Site In Gwagwalada

Niger Delta People Live On $2 Daily Despite $1trn Oil Revenue — INC

BBNaija10: Dede, Kola Spark Intimacy Rumours After Late-night Moment

IGP Speaks On ‘Cattle Theft’ As Terrorism Financing At INTERPOL Conference

Reverse Abia’s New Tax Regime, It’s Stifling Businesses, Ikonne Tells Gov Otti

‘Tinubu Directed Me To Work With You’, New APC Chair Yilwatda Tells Ganduje

Dafinone Felicitates Gov Oborevwori, Deltans On 34th Anniversary

Ex-Kogi Senator Faces Criminal Prosecution Over Failure To Pay Tax, Others

Police Restore Order In Lagos After Deadly Clash, Declare Land Grabber Wanted

We’re Committed To Tackling Climate Change Challenges — AbdulRazaq

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.