By GEORGE OKOJIE, Lagos
Lagos State Governor, Mr. Akinwunmi Ambode on Monday said his administration has embarked on electricity power generation plan aimed at generating 3000 Mega Watts of power in the next few years, saying the initiative would go a long way in scaling up the state’s economy and make life more comfortable for the people.
The Governor stated this while declaring open the seventh Annual Public Lecture of the Lagos State Public Service Chapter (LSPSC) of the Institute of Chartered Accountants of Nigeria (ICAN), with the theme “Lagos@50:
Unlocking Its Economic Potentials For Sustainable Development.”
Ambode explained that adequate power supply was a key factor needed to unlock the economic potentials of the state, adding that the sector remained strategic in reducing the cost of doing business and improving the living condition of Lagosians.
He described the theme of the lecture as apt and in sync with the resolve of his administration to identify, explore and exploit the untapped potentials of the Lagos economy, which according to him, was why the state government was adopting the approach of strategic, innovative and long term thinking and planning.
The Governor added that with high population growth of 3.2 per cent annually, high immigration rate estimated to be one of the highest in the world and rapid urbanization, the state government was not oblivious of the fact that the most effective and efficient way to unlock the economic potentials of Lagos is to open up the economy for private enterprise to thrive, through delivery of first class infrastructure and putting in place right policies to ensure business-friendly environment.
Ambode attributed the massive projects ongoing at the eastern and western axis of the state, as well as Lagos Marina and Onikan to the resolve of his administration to unlock the tourism, entertainment and arts potentials of the State which he said were also critical.