MAKING LAGOS 21ST CENTURY ECONOMY
Financial Reforms
• Earned Fitch Ratings’ national long-term rating from AA+ (nga) to AAA (nga) for its good standing in terms of its debt sustainability, and resilience. This gives the state a stable outlook. It was published in Fitch’s 2020/2021 rating report.
• Held the 8th Lagos State Economic Summit through which 11 resolutions aimed at further enriching the state’s economy were developed.
• Trained 1000 accountants on 2020 Financial Act
• Graduated over 15, 780 Tradesmen and Artisans in order to upgrade their skills.
• Reduced Land Use Charge (LUC) rates and enacted the 2020 Property LUC Law and Regulations.
• Debt Sustainability ratio has dropped due to reduction in debt service and increase in revenue
• Introduced the weekly monitoring tool for revenue generating agencies known as “F.O.R.C.E” an acronym for, “Focus On Revenue Creation Everyday & Everywhere”.
• Signed the $629 million financing facility with the China Harbour Engineering Company [CHEC] for the completion of the Lekki Deep Seaport project.
• Completed the Lekki Free Trade Zone Jetty and off-loading platform.
• Signed a $10 million matching fund aimed at impacting over 15,000 youths with skills and internships in the first phase for USADF youth-led enterprise.
• Facilitated Lagos State Executive and stakeholders in workshop aimed for Liquefied Petroleum Gas (LPG) in cooking across Lagos State
• Launched National Gas Vehicles (NGV) pilot scheme and Assess Impact on Emissions Reduction and Environmental Improvement
• Organized the maiden edition of Badagry Youth Oil and Gas Conference with over 250 youth along with students, NGO and Civil Servants in attendance.
• Set up a committee with the NNPC to improve monitoring of oil and gas infrastructure within the State towards minimizing fire disaster and preventing loss of lives and property
Housing
• Inaugurated the 100 unit Bayview Estate in Ikate-Elegushi, Lekki
• Completed and commissioned the 360 home units, comprising 120 units (one bedroom), 120 units (two bedroom) and 120 units (three bedroom) in Igbogbo in the Ikorodu.
• Completed and inaugurated 252 home units (2-bedroom bungalow apartments) at the Lagos State Public Affordable Housing Scheme, Idale in Badagry
• Completed and commissioned 84 home units (1-, 2- and 3-bedroom apartments) in LagosHoms Lekki, Phase 2
• Completed and commissioned the 132 home units (88 home units and 44 home units of 3-bedroom apartments respectively) at the BRF Housing Estate, Iponri, Surulere.
• Completed and commissioned Courtland Villas, behind Alhaji Femi Okunnu Estate, Igbokushu, Lekki with 120 units of 4-bedroom, maisonettes and BQs was completed and handed over. It has additional amenities such as swimming pool, car parks, community hall, 5-aside football pitch as well as water and sewage treatment plant.
• Handed over apartments’ keys to 492 beneficiaries of the Lateef Kayode Jakande Housing Estate, Igando during the administration’s maiden rent-to-own housing initiative.
• Set to deliver 360 housing units at Igbogbo in Ikorodu, Odo-Onosa-Ayandelu Housing Scheme in Agbowa LCDA with a total of 660 homes and the remodeled Lekki Apartments, Ikate are all at various stages of completion.
Food Security
• Inaugurated the Agricultural Productive Assets at the 2021 Agricultural Value Chains Enterprise Activation Programme.
• Unveiled 5-year food security roadmap
• Supported over 879 farmers and Small and Medium Scale Enterprises (SMEs) across poultry, aquaculture and rice value chains from the Lagos Agro-Processing, Productivity Enhancement and Livelihood Improvement Support (APPEALS) Project.
• Hosted the Seafood Festival to project the aquaculture and seafood potentials of the State to both local and international markets.
• Held the maiden edition of the Eko-City Farmers’ Market with a total transaction of N7.9million
• Facilitated direct supply of fresh produce such as tomatoes, pepper, plantain, vegetables and fruits to the 53 collection centers in the State.
• Commissioned the FADAMA Food Market at Agbalata, Badagry to promote the structuring of agricultural produce marketing.
• Trained 575 women and youths, comprising 240 in aquaculture, 300 in poultry, and 35, under the APPEALS project in rice farming.
• Integrated rice mill at Imota to cater for 25% of our national rice needs and create over 250,000 job opportunities in the upstream and downstream sectors of the value chain.
• Completed evaluation of EOIs for the development of power plant for Imota Rice mill.
• Supported the production of about 335,000 loaves of bread under the Eko Coconut Bread initiative.
• Established semi-mechanized abattoir in Oko-Oba in collaboration with private sector.
• Hosted the maiden International Coconut Summit to explore, exhibit and evolve new ideas for sustainable development of the coconut value chain in the State.
• Organized a Mentorship seminar for over 1,000 Youths in the State on the theme: “AGRICPRENEUR: Strategy for Wealth Creation”.
Empowerment
• Empowered 1,050 vulnerable women and indigent residents in the State with equipment such as sewing machines, hairdryers and clippers, pepper grinding machines, generators and popcorn making machines during the 2019 Mega Empowerment programme.
• The State was declared as the ‘Best State Supporting Artisans’ in the Federation at a programme organized by Global Sight Services Limited in partnership with the Federal Ministry of Industry Trade and Investment and the Small and Medium Scale Enterprises of Nigerian [SMEDAN].
• Empowered 600 residents with ingenious business idea to the tune of N4billion through the Lagos State Empowerment Fund [LSETF] W-Initiative in collaboration with Access Bank Plc to empower Lagosians.
• Empowered 200 household heads for orphans and vulnerable children in the State with 76 Grinding machine, 69 Sewing machine, 10 tools, 10 deep freezers , 15 Hair Drying machine, 10 Braving Equipment and 7 Ovens among others
• Provided palliatives for the Persons Living With Disabilities (PLWD).
Social-Economic Interventions
• Launched the Mother, Infant, and Child (MICH) programme
• Supported 3,673 businesses with N1.156 Billion.
• Supported 1, 835 businesses with N939.97million and saved a total of 10,005 direct jobs 40,020 indirect jobs via the MSME Recovery Fund.
• Initiated the N 5billion EduFund in partnership with First Bank and EdFin MFB.
• Set up N1billion Fund targeted at businesses in the tourism, hospitality, entertainment, arts and culture sectors – both loans and grants.
• Introduced N1billion Agric Value Chain Fund targeted at businesses that operate within the Agric value chain.
• Trained 5,908 and placed 706 in jobs in partnership with, United Nations Development Programme (UNDP), Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) and United States African Development Fund (USADF), Microsoft, Coursera.
• Supported 152 businesses and persons in the tech eco-system under the Lagos Innovate Programme.
• Trained 78 persons and placed 12 under the Talent Development Programme (TDP) -a student loan programme aimed at training young persons in tech skills and placing them in employment.
• Rescued 48,000 households from poverty through various social intervention programmes.
• Trained 1,050 rural women in agricultural related enterprises such as cultivation of vegetables, cassava planting and cultivation and garri processing among others.
• Supported 2,704 Lagos residents whose means of livelihood had been disrupted by COVID-19.
• Assisted 500 women with various cash grants Rural Women Grants from the Federal Ministry of Humanitarian Affairs.
• Produced over 6,000 graduates yearly from the State’s 20m Skill Acquisition Centres.
• Supported 18 outstanding students from the Skill Acquisition Centres with cash grants
• Produced 500,000 face masks via the Skill Acquisition Centres for public use.
• Empowered over 1000 residents at the third Phase of the Mega Empowerment programme.
• Empowered 200 household heads for orphans and vulnerable children in the State with various skills and tools.
• Empowered 200 household heads from the 55 registered groups of people living with HIV/AIDS.
• Trained 51,514 graduates for the Graduate Internship programme designed to expose Interns to hands-on work experience.
• Distributed 12,000 COVID-19 relief packages to Tradesmen and Artisans in the State to cushion the impact of COVID-19.
• Trained 2,000 Tradesmen and Artisans (1,500 Artisans and 500 Tradesmen).
• 21, 262 residents benefitted from the 1st, 2nd and 3rd tranches of the conditional Cash Transfer Payment Exercise.
• Rescued 3041 Beggars/Destitute/Mentally Challenged people and Street Children off the Streets of Lagos
• Re-integrated 178 street children back to the society after undergoing various interventions.
