Lagos State Governor, Babajide Sanwo-Olu, has emphasized the urgent necessity for the Federal Government to eliminate the current hindrances in the state’s infrastructure in order to unleash its economic potential,leadership reports.

During a courtesy visit by the members of the Senate Committee on Marine Transportation, headed by Senator Wasiu Eshinlokun-Sanni, at Lagos House, Marina, Governor Sanwo-Olu underscored the importance of addressing bottlenecks to promote business growth in Lagos, particularly in the blue economy sector.

He called on both the executive and legislative branches to focus on the development of the blue economy in Nigeria.

Governor Sanwo-Olu acknowledged the significance of the Senate Committee’s oversight functions in Lagos State, particularly in the context of the blue economy. He urged them to provide comprehensive recommendations and proposals to the larger body of the Red Chamber on advancing the country’s interests through the blue economy.

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He stated: “First, I want to express gratitude to Mr. President (Bola Tinubu) for establishing the Ministry of Marine and Blue Economy, and the National Assembly has taken the right step by setting up a dedicated committee to conduct oversight functions in this vital national task.

“We recognize how the blue economy is altering economic development indicators, and both the executive and legislative branches need to support this sector so that our economic activities can be better developed, supervised, and monitored.

“We must aggressively eliminate the barriers to businesses around facilities in Lagos so that businesses can prosper, generate the desired revenue, provide employment, pay taxes, and create wealth for themselves, their families, and the nation as a whole.

“Lagos is pleased that there is a dedicated team focusing on the blue economy sector, and we believe that when we collaborate, not only will the sector benefit, but the entire economy will significantly benefit from all these engagements.”

Governor Sanwo-Olu also praised the administration led by President Bola Tinubu for promptly addressing the bridges leading to various ports in Lagos State.

Senator Eshinlokun-Sanni stated that Lagos is critical to the blue economy and pointed out that 70 percent of the sector’s activities occur in Lagos. He emphasized the need to address immediate challenges affecting the growth and development of the blue economy in Nigeria, including non-state actors, illegal collectors, and ocean surge issues.


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