Why Nigeria’s Private Sector Will Support Hamzat as Next Governor of Lagos

Lagos, Nigeria's economic hub, is preparing for the 2027 governorship election, with Deputy Governor Dr. Kadri Obafemi Hamzat emerging as the consensus candidate for the ruling All Progressives Congress (APC). The city's vibrant private sector, encompassing multinational corporations, fintech firms, manufacturers, and developers, views Hamzat as a symbol of continuity and competence.

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For Nigeria’s private sector, from multinational corporations and fintech unicorns to local manufacturers, investors, and infrastructure developers, Hamzat represents continuity, competence, and a proven understanding of business realities.

Hamzat's appeal to the business community stems from his extensive career in the private sector before entering public service. Holding degrees in Agricultural Engineering and a PhD in System Process Engineering, he held senior positions at financial institutions like Merrill Lynch and Morgan Stanley, and served as Chief Information Officer at Oando Plc. This deep understanding of business operations and technology is seen as a significant asset.

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This background is not merely decorative. Hamzat entered public service in 2005 as Commissioner for Science and Technology under then-Governor Bola Ahmed Tinubu and was retained by Governor Babatunde Fashola.

His transition into public service began in 2005 as Commissioner for Science and Technology, where he spearheaded Lagos' digital transformation. He implemented modern data systems, introduced biometrics, and significantly reduced ghost workers, leading to cost savings and improved efficiency. Later, as Commissioner for Works and Infrastructure, he contributed to major projects like the Lekki–Ikoyi Link Bridge.

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His initiatives modernized data systems, introduced biometrics, and virtually eliminated ghost workers, saving public funds and enhancing efficiency.

As deputy governor since 2019, Hamzat has championed public-private partnerships (PPPs), which are crucial for Lagos' development. Initiatives like the Lekki Deep Sea Port, Lekki Free Zone, and new rail lines have advanced under his watch. He emphasizes policy stability through the state's long-term development plan and advocates for blended financing models, ensuring private sector involvement in the state's growth.

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His track record demonstrates a rare blend of technical expertise, project execution, and fiscal prudence, qualities that resonate deeply with investors wary of policy unpredictability.