Fashola Signs MOU On Competitiveness Project With LBS

Fashola Signs MOU On Competitiveness Project With LBS

The Lagos State Governor, Babatunde Fashola on Monday signed a Memorandum of Understanding with the Lagos Business School (LBS) on the Competitiveness Project, reiterating that the willingness of the State to be open shows clearly that all darkroom economists saying all manner of things about the State’s economy are wrong.

The Lagos Competitiveness Project is a collaboration of efforts between the Lagos State Government and the LBS to carry out competitiveness studies across 10 crucial sectors in which the state can have comparative advantage.

The Governor, who spoke at the Conference Room of the Lagos House, Ikeja added that the partnership with the LBS on the competitiveness project shows clearly that any issue that is a matter of debate can actually be put under a microscope and analysed just as it is obtainable in many parts of the world.

He explained that the Competitiveness Project dimensions how readily the present government is to subject its processes to an independent team of academics, professionals and business people and to share knowledge and experience with them while also benefitting from the human capital that clearly exists.

Governor Fashola stated that the relationship that great cities like London and New York have with their business schools and Universities are a matter of common knowledge, stressing that the Memorandum is one that should have come a lot earlier than it has.

“But it is consistent with some of the things that I have advocated that the Town and Gown must shake hands. We must implement policies that are consistent with the experience of people out there and the people must also acquire knowledge and skills that are useful for government to discharge its responsibilities,” Fashola said.

Governor Fashola said the end of the negotiation and signing of Memorandum of Understanding signals the beginning of a journey of cooperation and it is a journey that he looks forward to because it is a journey of common sense, mutual benefit and necessity.

The Dean of the Lagos Business School, Enase Okonedo said the objective is to see how the LBS can make Lagos an attractive place not only for businesses but also for business persons who will come to Africa and take advantage of the potential which has been out there for a couple of years.

She said the project is a collaboration of efforts between the Lagos State Government and the LBS to carry out studies across 10 crucial sectors in which the state can have comparative advantage, adding that such sectors would be identified and studied in depth in addition to case studies whereby cases will be written to examine and document the successes and challenges of the State Government in the process of building Africa’s model mega city.

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