E be like say Lagos State don finally gather mind for serious money matter! Omo, dem Ministry of Finance no wan dull for this Wealth Fund Bill way dem dey prepare.
Last Tuesday, dem bring together plenty big men and women wey sabi this matter – from government officials to private sector big shots and lawmakers. All of dem come sit down make dem plan how dem go take arrange this bill well before e go enter House of Assembly for vote.
Commissioner for Finance, Abayomi Oluyomi, no dey play as him dey talk about the reason behind the retreat. Him say na after the public hearing wey happen for November 2025. Dem gather enough feedback wey fit reshape this bill enter something wey go make sense for everybody.
“Na time wey we go harmonise all the thoughts and comments,” him talk. “This na good opportunity to discuss each clause of the bill one-by-one, make sure say e reflect wetin everybody dey reason.”
According to Oluyomi, this Wealth Fund Bill dey model after the Federal Government sovereign investment structure wey don dey run since 2011 wey don carry billions of dollars go everywhere. E don dey make sense for dem, and Lagos wan follow that kind blueprint to map out wetin dem go do.
“E go get four major windows for investment – infrastructure, economic stabilisation, long-term savings, and strategic growth,” he explain. No be small thing o!
Oluyomi talk say private sector participation gatz dey a must. As e be, dem na the engine wey dey push Lagos economy flat. If dem no join hand, e go hard to make sense out of this thing wey dem dey talk.
Him dey urge dem to contribute sharply since dis na last chance to make their voices count before the bill go waka enter the House of Assembly. “This na your last chance to drop your contributions before dem process am for law,” him conclude.
We fit praise the Governor, Babajide Sanwo-Olu, for this economic strategy as e dey push for long-term growth of Lagos through this wealth fund initiative. E no be joke! Speaker of Lagos State House of Assembly, Mudashiru Obasa, talk say this retreat na very good step wey go shape the bill into something wey go stand for law.
Lawal Pedro, wey be the Attorney General, talk say this fund na legacy wey Lagos go put for ground. E dey plan to bring plenty benefits as e go help Lagos maximise revenue and diversify economy – no be small matter! Dem need better strategy to manage their commercial assets as Lagos dey grow every day.
As dem dey go through the bill clause by clause, e no dey easy o! But participants dey sure say with this refined structure, Lagos go set standard for all the sub-national wealth fund thing for Naija. E go fine no be small! All the important guests dey around, including Sam Egube, the Deputy Chief of Staff, and Suleiman Omotosho from Nigeria Sovereign Investment Authority.
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