Sanwo-Olu commits to strengthening financial partnerships for socio-economic growth
By Sodiq Adelakun
Governor Babajide Sanwo-Olu of Lagos State reaffirmed his administration’s commitment to fostering enduring and mutually beneficial relationships with financial institutions, particularly First Bank of Nigeria, to address the needs of Lagos residents and enhance the nation’s socio-economic landscape.
During a courtesy visit at Lagos House Marina on Tuesday Governor Sanwo-Olu welcomed Mr. Olusegun Alebiosu, the new Managing Director/Chief Executive Officer of First Bank, expressing optimism about the bank’s role in driving economic progress.
He emphasised the significance of the banking sector in supporting the state’s development initiatives, stating: “Part of the consequences of our position in Lagos State is that we are home to many people. And since we are the commercial, economic, and financial nerve centre of our country, there will always be a need for the Lagos State Government to be pulled here and there by different stakeholders.”
Highlighting the historical ties and achievements derived from their partnership, the Governor underscored the state’s commitment to sustaining and expanding these relationships:
“We have enjoyed a very cordial and forward-looking relationship with First Bank, and we believe that during your (Alebiosu) tenure, the relationship will be further enhanced and improved upon.”
Alebiosu reciprocated the commitment, expressing First Bank’s readiness to collaborate with the Lagos State Government, particularly in infrastructure development.
“Power infrastructure is important, and we know what happens in Lagos is what everybody in Nigeria copies. So, we look forward to the framework that the Lagos State Government will set up.”
He emphasised the potential for significant impact on employment and revenue generation through strategic infrastructure projects, affirming First Bank’s dedication to supporting the state’s initiatives.
“There are many special projects the Lagos State Government is doing, and First Bank will continue to support the Lagos State Government to develop the projects.”
Governor Sanwo-Olu added to the meeting by charging Alebiosu to prioritise value creation for shareholders and stakeholders of the bank, reflecting his administration’s proactive stance on economic growth and development in Lagos State.
