Lagos is committed to creating ecosystem that supports economic growth, says Sanwo-Olu

By Adeola Ogunrinde

Lagos State Governor, Mr. Babajide Sanwo-Olu, on Tuesday said his administration is committed to creating an ecosystem that supports the economic growth of the State through real estate.

Sanwo-Olu, disclosed that the State is set to introduce an integrated, effective and efficient waste management system in collaboration with international partners.

The Governor made these remarks on Tuesday at the 5th Lagos Real Estate Marketplace Conference and Exhibitions held at Eko Hotel and Suites, Victoria Island, Lagos.

Sanwo-Olu said “As a government, we remain steadfast in our efforts to building a thriving real estate sector by prioritising human capital development, to ensure we have skilled professionals capable of driving innovation. We are equally committed to establishing sustainable regulations that protect practitioners and consumers alike while fostering an integrated ecosystem that links housing development with transportation, technology, agriculture, health, and youth development.

“We consistently draw inspiration from global trends and best practices to inform our policies and programs. Today’s distinguished speakers, moderators, and panellists bring invaluable insights, and we are confident that their contributions will enrich our collective vision for the real estate sector.

“We understand that the pace of change is accelerating, and partnerships with private sector players are essential. This forum is an opportunity to co-create pathways for upskilling and reskilling the workforce while ensuring the sector’s accessibility and sustainability.”

“Our ongoing initiatives reflect our determination to integrate sustainability into every facet of real estate development. From investing in renewable energy to advancing intermodal transportation systems, promoting technology-driven urban planning, and delivering sustainable housing solutions, we are laying the groundwork for a Lagos that balances economic growth with environmental responsibility and social equity.

“Achieving a sustainable future is not a task for the government alone—it requires collective action. Public-private collaboration is critical for driving innovation, financing sustainable projects, and creating inclusive regulations. It also ensures that opportunities for growth and contribution are accessible to all, including women, youth, and marginalised communities”.

Speaking earlier, the Commissioner for Housing, Hon. Moruf Akinderu-Fatai, said the Babajide Sanwo-Olu administration has strengthened its framework to ensure sustainable urban development and will ensure continuous policies and upgrades of existing laws while also increasing enforcement and capacity building.