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EHINGBETI 2020: 8th Lagos Economic Summit To Hold November




EHINGBETI 2020: Lagos To Hold Economic Summit November

Lagos has announced plans to hold the 8th Economic Summit, themed “For a greater Lagos: Setting the tone for the next decade.”

The event will hold on November 10 -12, 2020.

The essence of the Summit is to open up investment opportunities by bringing together the private and public sectors.

Lagos Economic Summit is also a credible forum for stimulating economic growth for the state.

The Lagos Economic Summit

Lagos Economic Summit, also known as EHINGBETI Economic Summit, started in 2000.

The Summit began as an annual event before it became a biennial one.

However, the Summit was last held in 2014.

Lagos Economic Summit

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Over the years, the Summit has given birth to different economic policies in the state.

According to the Co-chairman EHINGBETI Committee, Sam Egugbe, 109 resolutions have been implemented out of 119 resolves.

Egugbe maintains that there is a need for co-participation between the state and its citizens.

“Lagos State is trying to stimulate participation from the public and private sectors,” he said.

This co-participation unites both global and local corporate organisations and individuals.

What they have to say

Chairman of Citibank Nigeria, and another co-chairman, EHINGBETI Committee, Olayemi Cardoso, was full of praise for Governor Babajide Sanwo-Olu.

He acknowledged and commended the governor for bringing back the Summit six-years after.

According to him, the yearly Summit is one of the primary reasons why the state remains highly functional.

“The COVID-19 pandemic has dealt significantly with the global economy, and it’s hard to tell for how long,” Cardoso said.

He further reinforced how the state is working tirelessly to ensure that it scales through the enormous challenges ahead.

“Because of the current situation we find ourselves, this year’s Summit is designed to hold virtually,” Cardoso added.

Special Adviser to the Governor on SDG, Sholape Hammond, gave the three objectives of the Summit as follows:

To create an enabling environment to drive progressive conversation around Lagos state.

Showcase Lagos to the world by leveraging on the challenges that come with the pandemic.

Engage younger people to be part of the conversation.

This category of people includes professionals in private fields.

For Prof. Yinka David-West, the 2020 summit will serve as a template for solving other ‘tsunami years ahead.

She was referring to the ongoing ravaging coronavirus pandemic.

Dr Ruben Abati described the Summit as a platform for robust engagement.

He talked about how Lagos State is thriving on data to optimise its functions.

He also wished the state a successful summit with zero interruption.

‘The biggest Summit yet’

The 8th Lagos Economic Summit has been described as the ‘biggest Summit yet’.

Due to the coronavirus pandemic, the Summit will be a virtual one.

This will also allow for more participation.

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