Hamzat urges investment in local innovation

Lagos State Deputy Governor Dr Obafemi Hamzat has called for increased investment in local technology, reliable electricity, and critical infrastructure to boost Nigeria's economic growth and improve citizens' welfare. He emphasized that the country should move away from relying on imported technology and instead develop homegrown solutions, create intellectual property, and export these innovations.

Hamzat highlighted unreliable electricity as a major constraint on businesses and stressed the need for government commitments to translate into dependable power supply. He also called for improved transportation, digital connectivity, and long-term financing to support infrastructure development and enterprise, urging government and private sector collaboration to ensure policies and investments benefit Nigerians.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.