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Home Business News

Governor Sanwo-Olu demands special economic status for Lagos State

Also demands for fiscal federalism, state police

Chike Olisah by Chike Olisah
May 26, 2021
in Business News
Governor Sanwo-Olu demands special economic status for Lagos State
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The Lagos State Governor, Babajide Sanwo-Olu, has demanded a special economic status for Lagos, saying the progress and prosperity of Nigeria are inextricably linked to the progress and prosperity of Lagos State.

The Governor also demanded a State Police and entrenchment of true fiscal federalism in Nigeria.

Governor Sanwo-Olu made these demands at the opening of the 2-day senate zonal public hearing on the review of the 1999 Constitution under the leadership of Senator Oluremi Tinubu, held at Marriot Hotel, Ikeja, Lagos State.

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The Governor was full of praise for the leadership and members of the National Assembly for responding to the concerns of Nigerians on the need to carry out a review of the 1999 Constitution to reflect current realities.

What the Lagos State Governor is saying

Sanwo-Olu in his statement said, “For us in Lagos State, the issues of State Police and fiscal federalism are at the top of the priority list for us, in this ongoing review process. Equally fundamental, particularly for us in Lagos State, is the issue of a Special Economic Status for Lagos, considering our place in the national economy and the special burdens we bear by virtue of our large population and limited land mass.

I believe the need for this Special Status has been sufficiently articulated and justified. It suffices for me at this point to restate that this request is by no means a selfish one, but one that is actually in the interest of every Nigerian and of Nigeria as a nation.

The progress and prosperity of Nigeria is inextricably linked to the progress and prosperity of Lagos State. A Special Status for Lagos State, therefore, must be a concern not only for the people of Lagos State alone but for all Nigerians.”

Governor Sanwo-Olu also called on all Nigerians within the zone being covered by the Senate Committee on Constitutional amendment to embrace the opportunity of the zonal hearing so that their voices and opinions will count in the amended constitution that will emerge.

He said: “This constitutional amendment process will provide Nigerians with the opportunity to express their minds on the issues they want to see reflected in the Constitution of the Federal Republic of Nigeria, either by way of amendments to existing provisions, or entirely new provisions.

“This is another opportunity to build on the work that has been done so far. I should note that many of the issues that have been agitating the minds of the various stakeholders in the Nigerian project are already in the public domain. However, this Zonal meeting provides an opportunity to articulate and express them again, in the hope that this particular process will produce favourable outcomes.

“According to the National Assembly, the primary issues on the table for this Public Hearing include Increased Participation of Women and Vulnerable groups in governance, Local Government Administration and Autonomy, State Police, Fiscal Federalism and Revenue Allocation, Judicial Reforms, Electoral Reforms, Residency and Indigene-ship, Constitutional Roles for Traditional Rulers, and many more.”

CONSTITUTIONAL REVIEW: SANWO-OLU DEMANDS SPECIAL ECONOMIC STATUS FOR LAGOS, FISCAL FEDERALISM, STATE POLICE

…Urges South-West To Embrace Zonal Public Hearing Opportunities@jidesanwoolu @drobafemihamzat @gboyegaakosile @oluremitinubu #LASG
Read More.. https://t.co/ajrkPe3Iio pic.twitter.com/nWL61HsUgb

— The Lagos State Govt (@followlasg) May 26, 2021


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Tags: economicGovernor Sanwo-Olur Lagos State Government
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

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