Lagos Can Become $1tn Economy Through Private-sector Partnership

Lagos State Commissioner for Commerce, Cooperatives, Trade and Investment, Folashade Kaosarat Bada Ambrose-Medebem, has called for deeper collaboration between government and the private sector to unlock Lagos State's economic potential and accelerate its emergence as a $1 trillion economy by 2052. She made the call during a keynote address at the Julius Berger Luminary Soirée 2026, themed 'The Lagos Proposition: Unlocking Value in a City in Transformation.' The Lagos State Development Plan 2052 encompasses 447 initiatives across 21 strategic sectors and is anchored on four pillars: a thriving economy, a human-centric city, modern infrastructure, and effective governance.

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