{
  "id": 7421106,
  "title": "Lagos Can Become $1tn Economy Through Private-sector Partnership",
  "url": "https://urgent.news/2026/09/14/lagos-can-become-1tn-economy-through-private-sector-partnership",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-14T23:26:03.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/09/15/lagos-can-become-1tn-economy-through-private-sector-partnership-2/"
  },
  "original_language": "en",
  "account": "Lagos State's Commissioner for Commerce, Cooperatives, Trade and Investment, Folashade Kaosarat Bada Ambrose-Medebem, has urged deeper collaboration between government and private sector entities to boost the city's economic potential and propel it towards a $1 trillion economy by 2052. Speaking at the Julius Berger Luminary Soirée 2026, themed \"The Lagos Proposition: Unlocking Value in a City in Transformation,\" Bada emphasized that the Lagos State Development Plan 2052 outlines a roadmap for sustainable growth through 447 initiatives spread across 21 sectors, focusing on a robust economy, a human-centric city, modern infrastructure, and effective governance.\n\nThe ambitious goal of reaching between $800 billion and $1 trillion by 2052 necessitates sustained policy consistency, disciplined implementation, and increased private-sector engagement. Bada noted that manufacturing accounted for 9.57% of the state's real GDP in the first quarter of 2026, highlighting the significance of industrialization, infrastructure, and enterprise development in driving long-term growth. With a GDP of approximately $259.75 billion on a purchasing power parity basis in 2023, Lagos ranks as Africa's second-largest city economy and contributes over 30% of Nigeria's economic output.\n\nUnder the visionary leadership of Governor Babajide Olusola Sanwo-Olu, Lagos is shifting from merely attracting investors to empowering them with bankable transactions and measurable economic outcomes. The state's flagship international investment summit, Invest Lagos, facilitates access to a pipeline of structured and progressively de-risked opportunities valued at more than N4 trillion across key sectors, all aimed at unlocking value in a city undergoing rapid transformation.",
  "summary": "Oluchi Chibuzor The Lagos State Commissioner for Commerce, Cooperatives, Trade and Investment, Folashade Kaosarat Bada Ambrose-Medebem, has called for deeper and more strategic collaboration between government and the private sector",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "This Day",
        "title": "Lagos Can Become $1tn Economy Through Private-sector Partnership",
        "url": "https://urgent.news/2026/09/14/lagos-can-become-1tn-economy-through-private-sector-partnership-7428320",
        "published": "2026-09-14T23:55:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}