The Co-Chair of the Lagos Economic Summit, Ehingeti 2021, Yemi Cardoso has said the summit will bring a good policy environment and attract investment to the state.
Speaking ahead during a virtual interview in Lagos ahead of the summit holding from February 16 to 18, he noted that excellent coordination of private-public relationship can signal stability to investors.
Cardoso discussed the significance and contributions of the private sector-led participatory forum, describing Ehingbeti as an ingenuous socio-economic apparatus that has contributed significantly to the development of Lagos State in the last 20 years.
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“Ehingbeti is not a talk-shop where people gather to say nice things to themselves and depart. It is a platform for discussion of very serious issues about the socio-economic and infrastructural development of Lagos State. In fact, call it the planning board for gradual evolution of Lagos State into the desired shape and standard because deliberations at Ehingbeti feed into the Lagos Master Plan and implementations are monitored by multiple stakeholders”, he explained.
“As a participatory forum, Ehingbeti brings multiple stakeholders together to dialogue and listen to another. The dialogue results in understanding and consensus building. This an agreement to work together because of the shared vision established through the dialogue at Ehingbeti. At the end of these dialogues, communiqués would be issued and the parties begin to execute agreed programmes and monitor progress”, he added.
“With the monitored implementation, the public sector acquires a new sense of operations and while the private sector feels secure with the accountability signaled by the process”, when mentioned that about 17 communiques, jointly agreed by both the private and public sectors were issued in the first or second edition of Ehingbeti.
