Lagos Economic Summit 2014 Gets Planning Committee


Babatunde Fashola of Lagos State

Ehingbeti, the biennial Lagos Economic Summit, which provides a veritable platform for the generation of new ideas, business relationships and investments, will hold in April, 2014.

Inaugurating the 48-member Planning Committee for the Summit, Mr. Ben Akabueze, Lagos State Commissioner for Economic Planning and Budget, who doubles as the chairman of the Committee recalled that the Summit will be the seventh edition since its inception in Y2000.

The Lagos Economic Summit, according to the Commissioner, is aimed at assembling world class economists to brainstorm on the State and national economy with the ultimate objective of positioning her effectively in the global economy.

Akabueze recalled that resolutions and recommendations of the earlier summits have helped largely in the economic growth of Lagos State as goals and targets are set with measurable and empirical indices as evidence of accomplishments.

He noted that a review of the implementation of the resolutions and recommendation of the 2012 Summit with the theme, ”From BRICS to BRINCS: Lagos Holds the Key” by the Ministries, Departments and Agencies responsible for the areas of concentration revealed that a lot of success has been recorded with achievable targets in full focus.

The need for realistic assessment of implementable goals against set bench marks, he noted, underlies the modification from an annual Summit at inception to a biennial event.

According to him, the core areas of the Summit in 2012 were Power, Agriculture, Transportation and Housing, which gave rise to the acronym PATH, adding that massive investments and initiatives have been undertaken by the State Government in those sectors in conjunction with the private sector and other development partners.

Also speaking at the inauguration meeting which was well attended by members drawn from the public and private sectors, Mrs. Bola Adesola, the Co-chairman of the 2014 Summit, of Standard Chartered Bank urged all members of the five Sub-Committees namely Technical, Hospitality/Logistics, Finance, Marketing and Media/ Publicity to serve selflessly in the interest of the State and nation at large.

She noted that the growth of the economy has positive impact on employment, security, health and other aspects of national development.

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