By KP Reporter
The Finance Committee of the Lagos State House of Assembly has called upon companies operating under Ibile Holdings Limited to prioritize investments that will positively impact the lives of Lagosians, particularly the less privileged. Led by Hon. Femi Saheed, the committee emphasized the need for Ibile Holdings to assess the performance of state investments and introduce products that align with the state’s development objectives.
L-R Hon. Olarenwaju Afinni, Chairman House Committee on Finance, Hon. Femi Saheed and Hon. Desmond Elliott representing Surulere Constituency.
Chairman Saheed highlighted the committee’s focus on evaluating the functionality of state policies and their impact on citizens’ welfare, stressing the importance of collaboration between Ibile Holdings and the government to achieve the objectives of the THEME plus agenda. Commending Governor Sanwo-Olu’s initiatives such as Lagride and Lagbuses, Saheed underscored lawmakers’ responsibility to ensure effective policy implementation for the benefit of the people.
The committee praised the establishment of Ibile Holdings Microfinance Bank as a successful venture and urged the bank to introduce products aimed at assisting small and medium-sized enterprises (SMEs) and improving the lives of Lagosians, especially the economically disadvantaged. Saheed emphasized the importance of the bank reaching out to the people and demonstrating its commitment to supporting economic activity in the state.
During the meeting, executives from Ibile Holdings and its subsidiaries, including Executive Director Mumeenat Babs-Animashaun and Managing Director of Lagos Bus Service Limited, Mr. Idowu Oguntona, discussed various challenges faced by the companies and explored potential partnerships to address them. Lawmakers, including Hon. Desmond Elliott and Hon. Aro Moshood, contributed to the discussions, underscoring the assembly’s commitment to promoting impactful investments for the welfare and development of Lagos State.