Mr. Bismarck Rewane, Chief Executive Officer, Financial Derivatives Company, Lagos. Photo: Channels TV

Lagos is second-worst city to live in –Rewane

Isola Moses

Despite the state’s widely-acknowledged slogan as the Centre of Excellence, commercial capital of the Nigeria and city full of opportunities, Mr. Bismarck Rewane, Chief Executive Officer (CEO) of Financial Derivatives Company and member of the Economic Advisory Council (ECA), has described Lagos State is the second-worst city to live in.

Mr. Rewane said the cosmopolitan Lagos City follows Damascus, in Syria, in the latest ranking, while featuring as a guest on Channels Television ‘Business Morning’ programme aired Wednesday, December 25, 2019.

Citing the Economist Pocket Book, the ECA member noted that the nation’s commercial capital deteriorated from being the third-worst in 2018 to its current position now.

“In the world, Lagos in 2018, was the third-worst city to live in, according to the Economist Pocket Book. Now, Lagos deteriorated to become the second-worst city to live in.

“The city which beat Lagos is Damascus, in Syria, which is a war zone. So, there are many things happening in Lagos,” he stated.

On Nigerians seeking political asylum, the notable economist said the figure dropped from 60,000 in 2018 to 57,000 in 2019.

According to him, the decrease in the statistics is as a result of the decline in the misery index which translates into political asylum seekers.

As regards life expectancy rate in the country, Rewane explained that Nigerians live at 56 years compared to 54 years in 2018.

Although he commended Governor Babajide Sanwo-Olu’s administration in Lagos State for some achievements recorded upon assuming office in May 2019, Rewane urges the Lagos State Government to tackle insecurity of lives and property for businesses to thrive.

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