Governor Babajide Sanwo-Olu attends the Eko Educators Webinar Performance Series 3.3 hosted by the Lagos State Teaching Service Commission. Sept 8.
The Lagos State Governor, Mr. Babajide Sanwo-Olu has restated the dedication of his administration to delivering on the T.H.E.M.E.S strategic growth agenda, including that doing so throughout the framework of the Circular Economy requires progressive considering and implementation, in addition to enough financing and funding.
Sanwo-Olu acknowledged this in his keynote tackle delivered on the digital Lagos State Roundtable on Circular Economy organised by the State Ministry of Economic Planning and Budget with the theme “For a Greater Lagos: Leveraging Circular Economy for Rebuilding Lagos and Post COVID-19 Recovery Agenda – Building Back Better”.
He stated the theme of the discussion board captures very aptly the aim of restoring Lagos amid one of the disruptive pandemics the world has seen in its current historical past, adopted carefully by the regrettable lack of lives and destruction of personal and public property by the #ENDSARS protesters, stressing that these are along with the existential problem of local weather change confronting a fast-growing Megacity on the sting of the Atlantic Ocean.
In his phrases: “Circular Economy is a new way of seeing and doing, a new paradigm that departs from the Linear Economy model that we have become used to, and extends and expands on the Recycling Economy model. It emphasises repair, renewal, restoration and regeneration. It calls for a level of thinking and innovation that forces us out of current comfort zones”.
“One of the challenges that we will face in building a Circular Economy in Lagos State is that we will have to jettison the old models of livelihood and economic survival built on the paradigm of the Linear Economy. It will not be easy to convince people and businesses and governments to dismantle what we have been used to and to start afresh in building something that is sustainable and that holds greater potential for the future”, he added.
The Governor maintained that, in view of the challenges forward, his administration had dedicated, within the 2021 price range proposals to the House of Assembly, over N508 billion in direction of infrastructure, the atmosphere and human capital growth, revealing that, along with public spending, the federal government intends to mobilise personal capital to assist and implement its round financial system imaginative and prescient.
“It is estimated that Lagos State will require a combined investment of over US$ 3 billion of investments, over the next ten years, to meet our targets. It is, therefore, imperative that our Lagos State Development Plan for 2020 to 2050, must be integrated with our circular economy strategy”, the Governor asserted.
Sanwo-Olu, due to this fact, averred that Lagos State may be very a lot open to collaboration and partnership with all growth companions, together with the very supportive African Development Bank (AfDB), to arrange the enabling atmosphere for its round financial system imaginative and prescient to thrive.
Earlier in his opening remarks, the Honourable Commissioner for Economy Planning and Budget, Mr. Samuel Egube, acknowledged that the roundtable is coming at a vital time when all arms are on deck to rebuild Lagos and implement the COVID-19 Recovery agenda of the current administration.
He acknowledged that by no means in current reminiscence has the world skilled the present ranges of financial and social disruptions, one as dramatic as the results of the COVID-19 pandemic and additional compounded by civil unrest in a number of elements of the globe.
He stated the Lagos State Roundtable on Circular Economy avails the chance to be taught from this disaster to develop an financial system that’s extra distributive, inclusive and will help us obtain development whereas concurrently addressing the threats of excessive unemployment in our society and our surroundings.
“Lagos State with a population of over 20 million inhabitants and solid waste in excess of 16 million tonnes per annum must, as a matter of urgency, explore innovative ways to create wealth, opportunities and lay the foundation of a Greater Lagos with climate change and resilience as the focus. Circular Economy principles hold much for us to learn from”, he famous.
Dignitaries current on the digital occasion embody H.E. Dr. Jyrki Pulkkinen, Ambassador of Finland to Nigeria; Dr. Akinwunmi Adesina, President, African Development Bank; Lagos State Executive Council Members; Mr. Arie Plieger, Consul-General (Acting), Consulate General of the Kingdom of the Netherlands in Lagos; Lagos State Body of Permanent Secretaries and the Panel of Circular Economy Ideators.