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Businessday Research and Intelligence Unit (BRIU) BusinessDay Research and Intelligence Unit (BRIU) BusinessDay Research and Intelligence (BRIU) is a Nigerian based consulting outfit with experienced and qualified research consultants. We are the research and consultancy arm of BusinessDay – West Africa's leading media intelligence outfit. Our research services cut across public and private sectors on their most vital issues, providing practical solutions that deliver measurable and sustainable results to our clients. Core Areas Of Business Economic Market Public Data Research Research Research Analytics Providing insightful analysis Crafting actionable growth Identify issues and measure Provide macroeconomic, impact of social, health, on macroeconomic indicators plans by diagnosing the financial and social data for process that links producers political and environmental and related issues that help policy makers, academics and services providers, customers interventions geared to create a thriving and sustainable the investing community for shape policy planning and as well as consumers or end society implementation users informed decision making. We deploy tested and trusted solutions by applying both qualitative and quantitative research methods built on agile technologies, cutting edge intelligence, analytics and market experience to derive sustainable value for our clients across public, private and non-profit making organization BRIU possesses a broad base of experience and knowledge to perform critical research and operational functions such as: Social & Public Research Market Research Other Services Data analytics and visualisation Evaluation and Assessment Studies Product & Concept test Project Management Office support Baseline | Midline | End line Surveys Content creation Program Compliance Reviews Opinion Poll and other social Brand Awareness and Usage studies research works Data Analytics and Migration Market Entry/Landscape Studies Customer database management Scorecard Publication Customer Engagement Studies Teliat 08098710024 [email protected] For enquires: Samuel 07031828268 [email protected] Website briu.businessday.ng GOVERNMENT CAN WORK LAGOS REPORT APRIL 2019 3 CONTENTS Editor’s Letter 22-24 Lagos as Africa’s 36-37 Interview with 4 financial hub DG of LCCI The fact that AFC has I am not sure that there its head office in Lagos is any state that supports 48-50 5-7 Lagos as a driver affirms that the ‘Centre the security agencies as Cosmopolitan of the Nigerian of Excellence’ is the fi- much as Lagos State... Lagos Economy nancial headquarters of Muda Yusuf Asides Yoruba, Igbo and West Africa A centre of excellence Hausa-Fulani, several and a city of aquatic 38-40 How Lagos other minority tribes have 25-26 Interview with come to see Lagos as their splendour, Lagos con- waterways are Commissioner for home. tinues to grow ... enhancing its Finance regional influence 51 New Lagos 8-11 Trade and Lagos has potential for The reforms in the Lagos Airport Road transport hubs in tax to GDP ratio of waterways have started Lagos 10 per cent with proper to yield fruits ... It comes with a ramp reforms- bridge designed to pro- Lagos State Govern- Akinyemi Ashade ment continues to vide a U-turn from Ajao set up more efficient 41-43 Tourism, Oshodi Eastate .... 27-28 Photos speak -2 transport schemes transport interchange 52-54 Lagos Night that will... Picture reels of Am- Economy bode’s projects across For the first time, Lagos 12-13 Interview with State Promotion Agency the state Lagos today is becoming Commissioner Tourism Bill has been a 24-hour city... for Works and passed... Infrastructure 29-32 Interview with 55-57 Expatriate “We extended the road Governor Ambode 44-45 Interview with Communities in construction from 11 Commissioner for Lagos to 20 roads.. .” All I did was to take Tourism, Arts, Over 76 nationalities are Adebowale Akinsanya the four strategic pillars and Culture which are... present in Lagos, with Gov. Ambode “Ambode’s interventions the Chinese and Indians 14-15 Photos speak -1 in Lagos’ tourism are in- leading the park ... delible-” 33-35 How Lagos Picture reels of Am- Steve Ayorinde bode’s projects across became the 5th 58 Epilogue 46-47 Photos speak -3 the state biggest economy in Africa Ikeja Bus Terminal, Lagosians will forev- 16-18 A glance at Lagos- Ayinke House, LASUTH er remember Ambode, The total IGR of Lagos because his strides have based companies was more than the total with dual listing written his name in IGR of at least 30 states gold! Companies trading at combined... Customs Street grew their profits significant- Lagos Report Project Team ly... Teliat Abiodun Sule Managing Editor/Research 19-21 Fintech hubs: Yvette Uloma Dimiri Michael Ani Manager (Report Design) How Lagos is Head, Audience Engagement Analyst (Editorial) transforming Joshua Bassey Ademola Asunloye Oluwasegun Olakoyenikan Aderemi Ayeni(Digital) into Africa’s Editor, City File Data Analyst(BRIU) Analyst (Editorial) David Ibemere(BRIU) Silicon Valley Lolade Akinmurele Amamchukwu Okafor Temitayo Ayetoto Editor, Companies & Markets Research Analyst Analyst (Editorial) (BRIU) Samuel Adebayo Isaac Esowe Head, Business Development Endurance Okafor Research Analyst(BRIU) (BRIU) Analyst (Editorial) 4 LAGOS REPORT APRIL 2019 GOVERNMENT CAN WORK EDITOR’S Lagos Report Management Team NOTE Publisher Frank Aigbogun Editor (BusinessDay) Patrick Atuanya Deputy Editors(BusinessDay) Government John Osadolor-Abuja Bill Okonedo Editor (The Lagos Report) can work Teliat Abiodun Sule News Editor Chuks Oluigbo e owe the inspiration for this Assistant News Editors Whether you are reading this in La- special report to the comment Osa Victor Obayagbona gos or somewhere else, our research- Vincent Nwanma Wof a foreign journalist who was ers and reporters have gone to great visiting Nigeria last December. Weeks later, Executive Director Operations length to showcase tangible dividends those comments led our reporters who were Fabian Akagha of democracy for your delight. travelling with him in the car from the Muri- Executive Director, Strategy, Ambode ran Lagos for four years but tala Mohammed Airport, to produce a story, Innovation & Partnerships- the works captured in this report will Oghenevwoke Ighure titled, “Ambode airport road project is proof ensure that an enduring place is ap- government can work.” General Advert Manager portioned to him in history. The journalist who has visited Nigeria seven Adeola Ajewole times, described what is easily the main gate- Advert Manager- way into Nigeria, as a “creative and purposeful Our foreign Ijeoma Ude use of public resources in a country in dire lack colleague fired our Finance Manager of even the most basic infrastructure.” Emeka Ifeanyi Each time he visited in the past, the scandalous imagination with state of the road formed a good line in many Head, Business Development his comments and Nicole Umoren stories he had written about Nigeria. Not any more, he says. I hope you too will Manager, Conferences & Events Obiora Onyeaso Our foreign colleague fired our imagination be inspired by our with his comments and I hope you too will be Business Development Manager inspired by our reporting of the ground-break- reporting of the (South East, South South) Patrick Ijegbai ing transformation that is underway in Lagos. ground-breaking See the captivating drone photos we have on Circulation Manager offer and read about the transformation of the transformation that John Okpaire life saving Ayinke House located in the well- is underway in Digital Sales Manager run Lagos State University Teaching Hospital Linda Ochogbua and then, Oshodi, our beloved Oshodi that has Lagos. GM, Business Develoment now been turned into a wonder of sort. (North) Bashir Ibrahim Hassan BusinessDay Media Limited GM, Business Development 6 Point Road, Off Liverpool Road, Apapa GRA Lagos, Nigeria (South) Tel: 01 2799100 Ignatius Chukwu Established: July 2, 2001 GOVERNMENT CAN WORK LAGOS REPORT APRIL 2019 5 Lagos as a driver of Nigerian economy Lagos is so small and yet so big: so small it has the smallest land mass among the 36 states in Nigeria, so big , it has unarguably the largest economy among the states. eyond population, it is the 5th largest economy in Africa (from the 7th in B2016). Independently, it is larger than the economies of Kenya and Tanzania, the two major economies of the East African region. A centre of ex- cellence and a city of aquatic splendour, Lagos continues to grow with a consis- tent implementation of the Lagos State Development Plan–LSDP–(2012-2025). The LSDP harmonises the existing high level policy documents with an intention to transform Lagos into a model megaci- ty that is productive, secure, sustainable, functional and safe. The main “pillars” of the vision are economic development, infrastructural development, social de- velopment, security and sustainable environment pillars. The grand aims of the LSDP to actualize the conditions of a mega city including poverty reduction, increased private sector investment, Dangote Refinery, Lekki Free Trade Zone, Lagos increased tax revenue, lessened traffic congestion, improved power supply and and hub effect. Other socio-political advan- cent of Nigeria’s total population. The first environmental consciousness, an en- tages include its status as a former British line advantage of population is that it is rep- hanced primary health care service, and colony and national capital which brought resentative of markets – consumer market. improved educational system and hous- in some form of urban
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