Lagos State economic summit to focus on accelerating growth

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Lagos Economic SummitThe 14th Lagos Economic Summit will focus on strategies for accelerating sustained growth in the state’s economy, especially through the creation of a vibrant and cost-effective power sector, the state Commissioner for Economic Planning and Budget, Mr. Ben Akabueze, has said.

Akabueze spoke as the Chairman of the Lagos Economic Summit Group at the last meeting of the Central Organising Committee to set the agenda for the next summit.

He said the objective informed the choice of the theme for the 2014 edition of the summit, which, according to him, is “Powering the Lagos Economy: Real Opportunities, Endless Possibilities.”

A statement by the Chairman, Media & Publicity Committee, Mr. Hakeem Bello, quoted the LESG chairman as noting that lack of electricity had been the biggest constraint to the economies of both the state and the country as a whole.