Lagosians Spend N36bn On Owambe Annually – Gov Fashola

Speaking at the fourth edition of the Lagos Ignite Enterprise and Employability project, a joint youth empowerment programme between the government and the Afterschool Graduate Development Centre, AGDC. Governor Babatunde Fashola of Lagos State, said more than N36 billion was spent annually by Lagos residents in organizing different social events.

The study was carried out between Oct and November last year within five local governments in Lagos. The study showed that In 12 nights, 1555 parties were held in these local governments. In terms of drinks, food and all other engagements during such parties, about N1.2 billion was spent and when we dis-aggregated them we saw how much went to DJ, MC, food and drinks, the total picture in the state now and I don’t want to give you a wrong number but it’s something in the region of about N3 billion monthly on that side of our life and people are playing and impacting on that side of our economy. The clothing materials worn during such parties popularly called “Aso-ebi” gulped at least N1.2 billion monthly.

The governor said the solution to the unemployment crisis in the country did not require any foreign idea, saying “the answer is a Made in Nigeria strategy.”