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Sanwo-Olu Seeks World Bank Backing as Lagos Tops Nigeria’s Ease of Doing Business Ranking

Olamide Taiwo by Olamide Taiwo
February 3, 2026
in Politics
0
Sanwo-Olu Seeks World Bank Backing as Lagos Tops Nigeria’s Ease of Doing Business Ranking

 

 

Lagos State Governor, Babajide Sanwo-Olu, has called for increased support and deeper collaboration from the World Bank Group following Lagos’ emergence as Nigeria’s number one state in the 2025 Ease of Doing Business ranking.

Sanwo-Olu made the appeal while receiving a high-level delegation from the World Bank Group at Lagos House, Marina, according to a statement shared via his official X handle on Monday.

The delegation was led by the World Bank Managing Director for Operations, Anna Bjerde, alongside the International Finance Corporation (IFC) Regional Vice President for Africa, Ethiopia Tafara.

Highlighting the state’s remarkable progress, the governor noted that Lagos climbed from 29th position four years ago to first place nationwide—an achievement he attributed to deliberate reforms and accountable governance.

“Four years ago, Lagos was ranked 29th nationally. Last year, we moved to first place. That did not happen by chance. It came from being more deliberate, more consistent, and more accountable in how government works,” Sanwo-Olu said.

During the meeting, discussions focused on expanding cooperation in key sectors such as energy, agriculture, tourism, and human capital development, areas the governor described as critical to Lagos’ long-term growth.

Sanwo-Olu reaffirmed his administration’s commitment to infrastructure development and improved living standards, stressing that Lagos is open to partnerships that directly impact residents’ daily lives.

“We are actively seeking partnerships and investments that will raise living standards. Lagos is prepared to take the necessary steps to earn greater support,” he added.

Reflecting on the state’s progress under the THEMES+ agenda over the past six years, the governor said the government has prioritised tangible, measurable outcomes for citizens.

“Millions of Lagosians have seen real improvements. While there is still much work to be done, the progress is clear and measurable,” he said.

The meeting underscores Lagos State’s renewed drive to attract global investments and strategic partnerships aimed at sustaining its development momentum and reinforcing its position as Nigeria’s leading business destination.

Tags: ease of doing businessGovernanceIFCInvestmentLagos StateNigeria economySanwo-Oluthemes agendaWorld Bank Group
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