“No Economy Can Prosper Without Strong Institutions” — Obasa Tells Global Investors

Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, has declared that no economy can attain enduring prosperity without strong institutions and strategic collaboration between government and private capital.
Delivering a keynote on the theme “Legislative Leadership and the Role of Global Private Capital in Modern Economic Growth,” at the HOC Capital Club in Lekki on Saturday, May 16, Obasa told investors, policymakers, and diplomats that global private capital thrives only where laws are clear, governance is accountable, and policies are consistent.

He emphasized that legislative leadership is central to building such an environment, noting that the Assembly’s constitutional mandate — particularly its control over public funds and oversight powers — is designed to safeguard transparency and strengthen investor trust.

“All the money that comes into the treasury must be legislated upon by the House for transparency. The power of the purse is the most effective weapon for the people’s representatives to control government spending,” he said.
Speaker Obasa stressed further that credible institutions, rule of law, and regulatory predictability are essential to attracting quality investments. However, he noted that while attracting capital is vital, growth must deliver tangible social benefits including job creation, poverty reduction, and improved public services.
He went on to spotlight landmark laws under his stewardship that have reshaped the state’s investment climate, including the Public Procurement Law (2021), Public-Private Partnership Law (2011/2015), and the Electric Power Sector Reform Law (2024). He also pointed to property protection frameworks and the ₦4.44 trillion “Budget of Shared Prosperity” for 2026 — which allocates over 52% to capital expenditure — as deliberate pointers to Lagos’ readiness for global capital inflows.

He further highlighted initiatives such as the Sovereign Wealth Fund, harmonization of taxes, and the proposed Railways Corporation Bill (2025) as evidence of Lagos’ legislative foresight and long-term economic vision.

Speaker Obasa concluded by stressing that the future of growth will depend on the quality of leadership in public institutions and the confidence inspired in the global investment community.

“Together, we can unlock the full potential of Lagos, strengthen Africa’s economic future, and establish a new benchmark for economic and diplomatic engagement on the global stage,” he declared, leaving investors with a clear message: Lagos is ready to lead, and the world is invited to invest in its promise.

The HOC Capital Club in Lekki is an exclusive private capital and global advocacy network, designed for ultra-high-net-worth individuals (UHNWIs) with verified second citizenships and a minimum net worth of $2 million. It serves as a hub where wealth, influence, and policy intersect, connecting investors, policymakers, and global citizens across continents.

*Akande-Sadipe Emerges APC Candidate for Oluyole Federal Constituency Amid Failed Disruption Attempts*

The Member representing Oluyole Federal Constituency in the House of Representatives, Tolulope Akande-Sadipe, has emerged victorious in the All Progressives Congress (APC) primary election for Oluyole Federal Constituency.

The keenly contested primary, held under strict monitoring and in line with the party’s guidelines, witnessed a massive turnout of delegates and party faithful who reaffirmed their confidence in the leadership and representation of Akande-Sadipe.

Despite alleged attempts by opposition elements to disrupt the peaceful conduct of the exercise through acts capable of causing violence and tension, party members remained resolute and committed to democracy.

Security agencies and party officials acted swiftly to ensure orderliness, allowing the process to continue without intimidation.

Speaking after the declaration of results, Akande-Sadipe expressed gratitude to delegates, party leaders, and supporters across the constituency for their unwavering support and trust in her leadership.

She described the victory as a collective triumph for loyal party members and the people of Oluyole Federal Constituency.

“This victory belongs to the people of Oluyole who have continued to stand firmly for progress, continuity, and quality representation. I deeply appreciate the confidence reposed in me and assure our people that I will continue to work tirelessly for their welfare and development,” she said.

She also commended the leadership of the APC for ensuring a transparent and credible process while urging party members to remain united ahead of the general elections.

Akande-Sadipe reaffirmed her commitment to delivering impactful representation, empowerment programmes, infrastructural development, and people-oriented initiatives across Oluyole Federal Constituency.

E-signed:

Media Team

Office of Hon. Tolulope Akande-Sadipe.

Celebrating Toks Wahab … Omoluabi Eko at 54

As Tokunbo Wahab turns 54, it is only fitting to celebrate not just the years, but the man he has consistently shown himself to be—one defined by kindness, humility, and a genuine love for people.

Yes, he is the Honourable Commissioner for Environment and Water Resources, and by every standard, he has done extremely well. His work, impact, and dedication in that office are evident for all to see. But that is not even the thrust of this write-up.

This is about the person.

A proud son of Epe in Lagos, he carries his roots with dignity and grace, reflecting the values of his heritage in the way he lives and relates with people. TKW… Omoluabi Eko—a true embodiment of character, respect, and integrity.

He is a man who shows up. Always willing to assist, to help, to give—without hesitation and without noise. His generosity is quiet, yet deeply impactful. His kindness is not occasional; it is who he is.

Those who know him closely will tell you he is incredibly accommodating. Easy to approach, easy to speak with, and always ready to make others feel comfortable, heard, and valued. There is a simplicity about him that is rare—no airs, no distance—just a calm, grounded presence.

He gives without announcing it. He supports without seeking recognition. He blesses lives in ways that may never be seen publicly, yet remain unforgettable to those who experience his goodwill.

In a world where many complicate things, he remains refreshingly simple. In a space where recognition is often chased, he chooses quiet impact. And when others might turn away, he steps forward.

As he marks this new chapter, we celebrate not just his life, but we also pray that God grants him many more meaningful years—years of continued service, impact, and grace to keep uplifting his people.

Happy 54th Birthday.

— Gbenga Adeyinka 1st

GCON