HomeBusinessPrivate investment key to economic growth – Hamzat

Private investment key to economic growth – Hamzat

The Deputy Governor of Lagos State, Dr Obafemi Hamzat, has emphasised the importance of pri-vate sector investments in stimulating economic activities, creating opportunities and strengthen-ing the country’s financial services sector.

He said this on Tuesday at the inauguration cere-mony for Canary Point Holding Limited’s new headquarters in Lagos.

“Collaboration between the government and pri-vate sector institutions could help develop practi-cal financing solutions that would make home-ownership more accessible, particularly to low- and middle-income earners,” he stated.

Hamzat lauded Canary Point Holding’s tremen-dous growth and expanding investment portfolio across multiple business chains, describing its de-velopment as a testament to entrepreneurial vi-sion, strategic expansion and the capacity of in-digenous businesses to contribute meaningfully to economic growth.

He acknowledged the firm’s contributions to the Lagos State and national economies,

The deputy governor, who is the governorship candidate for the ruling All Progressives Congress in Lagos for the 2027 election, urged the group to

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