Job Creation through Economic Diversification -

Recognizing the current and future scale of new arrivals into Lagos, our emphasis on job creation will see the State government

▪ Encourage the development of Manufacturing Hubs around the Lagos-Badagry Expressway axis, Ikorodu and Epe. Facilitate the re-invigoration/renewal of Ikeja and Ikorodu as our industrial hubs

▪ Use the presence of Lagos State University (LASU) along the Lagos Badagry Expressway as a basis for a new Technology and Business Incubation Hub. The economy of Lagos MUST leverage its endowments to rebuild a significant industrial and manufacturing base.

▪ Reverse the trend where industry has been hampered by a hostile environment of inadequate infrastructure, especially in terms of good road networks, security, power, water supply and multiple taxation at local, State and Federal Levels

▪ Encourage concentration of specific activities in parts of the State which offer the best comparative advantage. Such concentration will see the development of activity value-chains and clusters.

We Will encourage the development of –

• A fishing and fish processing hub in Epe and Ikorodu, to jumpstart our appreciation of untapped opportunities of an ocean economy. The ocean economy would involve the development of marinas, seafronts, supporting logistics and other infrastructure.

• A manufacturing, oil & gas and regional trade hub in Badagry. In addition to being the base of agriculture and large scale trading of goods, Badagry and environs will be the hub for downstream extractive industry services, including, we hope, refineries to supply finished products to the West African coast.

• A Logistics, Shipping and Maritime hub in Apapa, which would be developed in an orderly manner to be the centre of marine, shipping and cabotage activities in Lagos.

An Aerotropolis in Epe, leveraging proposed airports and developing supporting infrastructure in the area;

• Agriculture production and processing in Ikorodu,Epe and Badagry;

• Professional and Financial services in LagosIsland and Victoria Island.

From the initiatives highlighted above we are clear that the task of building inclusive growth for all Lagosians will be within a framework which

▪ Recognises the importance of knowledge and innovation and thus enables organisations and people to acquire, create, disseminate, and use knowledge more effectively for greater economic and social development. This is a major component of the pathway that the future Lagos - continuing to be the biggest economy in Nigeria and one of the biggest in Africa -, will follow.

▪ Promotes sustainability by paying attention to three major pillars of the ‘Green Economy’:

(i) Low-carbon technology;

(ii) Resource-use efficiency; and

(iii) Socially Inclusive growth. In other words, our concept is of promoting economic growth which also meets environmental goals. In other words, its about a real focus on Sustainable Development. We will thus succeed in aligning income and employment generationwith poverty eradicationand natural capital conservation.

▪ Works to improve productivity, income and quality of life of rural Lagos and thus reducing, if not reversing, the rural-urban drift. Indeed, higher productivity of rural Lagos ensures the supply of reasonably priced food to the urban segment of the State.