Governor of Lagos State was recently a keynote speaker at the London School of Economics Africa Summit.
Present with him were; Former Vice President, Atiku Abubakar; Hon. Rotimi Abiru – Chief Whip, Lagos State House of Assembly and Honourable Olusegun Olulade of the Lagos State House of Assembly.
Ambode who declared a new exciting beginning for Africa at the lecture also provided a strong incentive that can make Africa succeed.
See some of his persuasive keynotes speeches at the recent summit.
Also Read Akinwunmi Ambode, Atiku Abubakar deliver lectures at LSE Africa Summit [PHOTOS]
1.Nigeria is of course already Africa’s most populous nation. By 2050, Nigeria’s population will be 400 million, making it the world’s 3rd most populous nation, more than the US.
This is a momentous change, and I do not think it is too much to say that Africa cannot succeed unless Nigeria succeeds. #LSEAfricaSummit
2. The strength of our demographics offers investors hope in this gloomy era. With Nigeria’s growing population, and a burgeoning middle class, consumer spending (already estimated at 70% of GDP) is expected to increase even further.
This coupled with a boom in mobile telecommunications and a rise in broadband penetration makes the retail and ICT sectors very attractive.
Seeing as the services sector is projected to be a key driver of the Nigerian economy, contributing 53% to total GDP in 2015, measures will need to be undertaken in order to develop the relevant skills and encourage innovation. #LSEAfricaSummit
3. Efforts currently ongoing to promote Nigeria’s knowledge economy include the establishment of development hubs, technology parks, as well as a gradual increase in the budgetary allocation to education from 7% in 2015 to 20% over the next four years.
4. The Lagos State government, in its pursuance of creating an enabling environment for young entrepreneurs, has established an Employment Trust Fund in which an equivalent of $250 million will be contributed by the State over four years in order to empower youths to create wealth, as well as encourage companies to invest in the technical and vocational skills required to boost income. #LSEAfricaSummit
5. PwC report has projected that in 2050, Nigeria would be the world’s 9th largest economy, ahead of UK, France, and Germany.
That is, if it makes the right reforms and takes advantage of its immense human capital and natural resources.
Since May 2015 when the new APC Leadership assumed office, there has been a massive influx of foreign governments and private sector potential partners who recognize the potential of the Country and respective States.
Lagos have had more than a fair share of these future investors.
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