Sanwo-Olu Promotes Lagos as West Africa's Economic Hub

On Saturday, Lagos State Governor Babajide Sanwo-Olu spoke at the inaugural Geo-Economic Optimism Summit held at the Citadel School of Government in Ikeja, Lagos. He highlighted Lagos's significant role in Nigeria's economy, noting that the state contributes one-third of the country's gross domestic product and ranks as Africa's second-largest metropolitan economy with an output exceeding $259.75 billion on a purchasing power parity basis.

Sanwo-Olu outlined the state's strategic positioning as a transport and technology hub, citing ongoing infrastructure projects such as the Lekki Deep Sea Port and Dangote Refinery. He introduced new electricity laws aimed at creating a competitive power market to support industrial growth.

Pastor Tunde Bakare, founder and board chairman of the Citadel School of Government, emphasized the need for Nigeria to align its development with geosociopolitical realities, using Lagos as a model for creating multiple economic centers across the country.