The second day and grand finale of the Eko Revenue Plus Summit was nothing short of amazing as stakeholders from various parts of Lagos and Nigeria gathered together to discuss the various ways that Lagos state can find new revenue streams to make life better for the average Lagosian.
For us at Remita, we were particularly excited to learn from the panel session which had our Managing Director, Mr. ‘Deremi Atanda on seat. The panel session titled Unlocking Lagos’ Digital Economy – Strategic Innovation, Effective Regulation, and Sustainable Revenue Growth included other panelists from both the public and private sectors. The panel session was moderated by Mrs. Bode Abifarin, and featured dignitaries such as the CEO Woven Finance – Obafemi Collins, Deputy Chief of Staff, Lagos State – Mr Sam Egube, Commissioner for Innovation, Science & Technology, Lagos State – Honourable Olatunbosun Alake, Director New Growth LIRS – Mr. Jimi Aina, Office of Transformation, Creativity & Innovation – Mrs. Toyin Anjous-Ademuyiwa and Managing Director, DigitalentsHUB – Mr. Kabiru Abiola.
The panel session thoroughly explored the “Digital Economy: and how Lagos state can unlock new revenue streams from the digital economy. When asked about policies to enhance digital financial services while fostering innovation and inclusivity, Mr. Deremi Atanda, Managing Director of Remita, emphasized the need to elevate existing policies to the next level. He highlighted that collaboration with the private sector is critical to driving meaningful progress and ensuring impactful outcomes in the financial services ecosystem. According to him, the digital public infrastructure in place by the government needs to be liberalized as government is not an entrepreneur and can only partake in the wealth created by those running businesses.
He mentioned that the desire of the government to unlock new revenue streams can only be done by going digital, insights into data and creation of many more nodes for the private sector to plug into.
In his final remark, Mr. Atanda emphasized the need for digital ID and the creation of structured frameworks for private-sector participation in areas like lending and digital platforms ensuring that revenue streams are expanded while maintaining visibility and accountability. Mr. Atanda’s message was clear: Lagos has laid the groundwork. The next step is to work together—public and private sectors alike—to transform policies into action and innovation into impact.
At Remita, we remain committed to building products, services that makes life easier for Lagosians and Africans at large. We understand that financial innovation and effective revenue generation is a necessity for every state and we strongly believe that Lagos state is a great starting point. We truly believe that reshaping the fiscal landscape of Nigeria starts with reshaping the fiscal landscape of Lagos state and that it is a collective responsibility.
