Lagos governor says youths drive most new businesses
Lagos State Governor, Babajide Sanwo-Olu, has highlighted the significant role young people play in the state's economic growth. He stated that about 70 percent of new businesses in Lagos are founded by youths, emphasizing their impact on entrepreneurship and innovation. Sanwo-Olu made these remarks at the Abuja Dialogue, which focused on youth leadership and national transformation. Other officials at the event also stressed the importance of investing in youth development and leadership training.
What we know
- Babajide Sanwo-Olu said youths account for 70% of new businesses in Lagos State.
- He noted that Lagos youths contribute an estimated ₦4.5 trillion annually to the state’s GDP.
- The Lateef Jakande Leadership Academy was highlighted as a key initiative for building leadership capacity among young Nigerians.
- Sanwo-Olu called for stronger collaboration between federal and state governments to support youth development.
- Other speakers at the event emphasized the need for practical youth leadership training and stakeholder collaboration.
