Lagos, Kano Governments Agree On Economic Partnership

The first Lagos-Kano Economic & Investment Summit with theme “States partnership as Tool for sustainable economic development” was held at Jubilee Chalets, Epe, Lagos from 28 February – 1 March 2018, aimed to boost economic development and investment.
The event was a collaborative effort between the two biggest States in terms of population and economy in the country. Lagos-Kano summit is targeted at creating awareness on both State Governments’ investment climate and policy thrust, create a platform for dialogue for potential investors in both States and share emerging investment ideas with the target audience.
The Emir of Kano, His Royal Majesty Muhammadu Sanusi II, CON when delivering the keynote address recognized the strategic efforts of the Nigerian Investment Promotion Commission that led to the creation of State Investment Promotion Agencies such as the Lagos Global and KANInvest.
The Vice President, Prof. Yemi Osinbajo, SAN, GCON declared the event opened. In his remark, he pointed out that both States with a combined share of 37% of Nigeria’s GDP deserve commendation for the collaboration, which will go a long way in sustaining the unity of the Nation. He promised that the Federal Government will support all State Governments to reform their economies, attract investment and collaborate with one another.
A Memorandum of Understanding was signed by Governors Akinwunmi Ambode and Abdullahi Umar Ganduje of Lagos and Kano States respectively, at the closing ceremony of the Summit.
According to the MoU, the two States agreed to expand the current level of economic and investment cooperation between them especially in key areas of Governance, Security, Internally Generated Revenue (IGR), Agricultural Value Chain, Tourism, Education, Information and Communication Technology (ICT) and Skills Development.

Source: NIPC