Lagos State Governor, Babajide Olusola Sanwo-Olu, has launched the third edition of the Lagos Economic Development Update, LEDU 2026, reaffirming his administration’s commitment to building a resilient, inclusive and globally competitive economy.
The Governor, represented by his deputy, Kadri Obafemi Hamzat, at the event held in Ikeja, described LEDU as a strategic tool guiding policy decisions and shaping the state’s economic direction beyond a conventional report.
He stated that the government would continue to pursue economic diversification, strengthen private sector-led growth and deepen data-driven governance to ensure impactful and responsive policies.
Sanwo-Olu also emphasised the importance of sustainable urban development and social inclusion, noting that growth must translate into improved livelihoods for all residents.
Highlighting achievements recorded through the initiative, the Governor pointed to progress in revenue generation, infrastructure development and human capital investment, attributing the gains to deliberate planning and the resilience of Lagosians.
Speaking on the theme, “Consolidating Resilience, Advancing Competitiveness, Delivering Shared Prosperity,” he said the focus is on strengthening institutions, boosting innovation and creating an enabling environment for businesses to thrive.
Also speaking, Chairman of the House Committee on Economic Planning and Budget, Olumoh Saad Lukman, stressed the importance of data-driven decision-making in infrastructure and development planning.
In his welcome address, Commissioner for Economic Planning and Budget, Ope George, said Lagos has maintained steady growth despite global economic challenges through disciplined fiscal management and strategic investments.
Other stakeholders, including Olubunmi Adetunmbi and Tayo Aduloju, commended Lagos for its economic resilience, urging sustained investment in human capital and policies that ensure shared prosperity for all citizens.