Obasa: Lagos’ Economic Growth Driven by Diversity, Inclusivity 

Oluchi Chibuzor 

The Speaker of the Lagos State House of Assembly, Mudashiru Obasa, has credited the state’s rapid economic growth to its inclusive and accommodating posture towards expatriates and foreign investment.

He stressed that Lagos’ rise as Nigeria’s economic powerhouse is not solely the result of local entrepreneurship.

He asserted this during The Expatriates Business Awards (TEBA) held in Lagos, where noted individuals and organisations were recognised for their notable contributions towards the country.

Speaking on Lagos’ economic transformation, the speaker emphasized the city’s long-standing openness to foreign expertise, which has significantly contributed to its accelerated urbanisation, industrial development, and global relevance.

He said that without a doubt, Lagos does not reach this point by just the entrepreneurial ingenuity of its people. Lagos has benefited immensely from being accommodating and receptive to foreigners.

According to him, “Over the centuries, the infusion of expertise into the Lagos economy ensured that it enjoyed a more rapid growth driven by urbanization and industrial development.

On her part, the Director of Awards, TEBA, Odunola Abayomi, said with the event the country is open to business as collaboration between nations, industries and people would always produce brilliance.

According to her, “TEBA’s long-term vision includes mentorship programmes, sector-specific round-tables, and an annual Expatriate Enterprise Index that will track foreign-led economic impact across Nigeria’s six geopolitical zones. With the event we know that Nigeria is open to business as collaboration excellence knows no border.”