- By Obatunde Adekanye
Prior to his public service career, Governor Babajide Olusola Sanwo-Olu had an illustrious career in the banking sector, where he rose to the pinnacle of his career. The professional discipline, and integrity that is the hallmark of the banking profession, reflects in his highly rewarding public service career spanning years.
The Governor’s outstanding record of service, made him fit the bill for the prestigious investiture as distinguished Fellow Chartered Institute of Bankers of Nigeria (CIBN).
Aside from his strides as the Executive Governor of Lagos State, the investiture was a befitting recognition of his distinguished career and contributions to the banking and finance sector. As a seasoned professional whose career spans decades of excellence, innovation, and impactful leadership, Governor Sanwo-Olu epitomizes the values of professionalism, integrity, and excellence that the CIBN represents.
This honour, conferred at the prestigious 59th Annual Bankers Dinner held in Lagos, not only highlights Sanwo-Olu’s stellar contributions to the financial sector but also celebrates his ongoing efforts to harness his expertise for the socio-economic transformation of Lagos State, and by extension Nigeria at large.
A glimpse into the solid education background of the governor, adequately prepared him for this honour. Governor Sanwo-Olu’s journey to this milestone could also be attributed to his professional development in the financial services industry. Armed with a Bachelor’s degree in Surveying and Geo-Informatics and an MBA in Management from the University of Lagos, he began his career with a strong academic footing.
He further enhanced his expertise with executive programs at world-renowned institutions, including the Harvard Kennedy School, London Business School, and Lagos Business School, equipping him with the tools and global perspective to navigate complex financial systems.
This robust foundation laid the groundwork for his entry into the banking sector, where his career would flourish across some of Nigeria’s leading financial institutions.
Governor Sanwo-Olu’s professional journey in the banking industry is a testament to his exceptional ability to drive innovation, manage complex operations, and build enduring relationships. His roles in various financial institutions reflect his deep understanding of corporate banking, treasury management, and investment strategy.
In addition, Governor Sanwo-Olu is a proud member of the Nigerian Institute of Directors (IOD), Chartered Institute of Personnel Management (CIPM), and Fellow of Nigeria Institute of Training and Development (NITAD).
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In 2003, his eventful career opened to yet another colorful chapter with his appointment, first as Special Adviser to the Deputy Governor on Corporate Matters; and later as Special Adviser to the Executive Governor on Corporate Matters in 2004.
At 39, he was appointed acting Commissioner for Economic Planning & Budget from 2004 to 2005, and became the substantive Commissioner for Commerce and Industry in 2007 following his exceptional performance. He would later serve as the commissioner, Lagos State Ministry of Establishments, Training and Pensions in 2007.
During his tenure, Governor Sanwo-Olu authored an executable Civil Service Framework designed around the Human Capital Performance Index, which puts Lagos State civil servants among the highest and regularly paid in the country.
His remarkable record of excellence in public service was also felt at theLagos State Pension Commission (LASPEC), a contributory pension scheme, that he played a pivotal role in setting up.
Governor Sanwo-Olu’s transition from the corporate world to public service underscores his versatility and commitment to leveraging his expertise for the greater good. His roles in the Lagos State government before becoming governor showcased his financial acumen and leadership capabilities.
As Commissioner for Establishments, Training, and Pensions, Sanwo-Olu spearheaded reforms to improve the transparency and efficiency of the state’s pension administration. He ensured the timely payment of pensions and laid a sustainable framework for the future, safeguarding the welfare of Lagos State’s workforce.
In his capacity as Commissioner for Commerce and Industry, Sanwo-Olu championed policies that attracted investments and fostered entrepreneurship. His efforts were instrumental in positioning Lagos as a hub for economic activity, thereby boosting its status as Nigeria’s commercial capital.
As Managing Director of the Lagos State Development and Property Corporation (LSDPC), Sanwo-Olu applied his financial expertise to urban development, overseeing affordable housing projects and public-private partnerships that addressed critical infrastructure needs in Lagos State.
Little wonder he has performed creditably to the admiration of many Lagosians. He had garnered sufficient experience both at the public and private sectors. Since his election as Governor of Lagos State in 2019, Sanwo-Olu has applied his financial and managerial skills to the governance of Nigeria’s most populous state. His administration’s focus on fiscal prudence, revenue optimization, and infrastructure development reflects the hallmark of his career as an accomplished professional whose watchword is excellence.
Under Sanwo-Olu’s leadership, Lagos State has achieved unprecedented growth in Internally Generated Revenue (IGR). His administration’s adoption of digital revenue collection systems and innovative tax policies has strengthened the state’s fiscal position, enabling it to fund critical projects without over-reliance on federal allocations.
Sanwo-Olu’s tenure as governor has seen a surge in public-private partnerships, a testament to his ability to attract investments. Landmark projects like the Lagos Rail Mass Transit (Blue Line) and the Lekki Deep Sea Port have become models of how strategic collaboration can drive development and economic competitiveness.
From the construction of new road networks to the ongoing development of the Fourth Mainland Bridge, Sanwo-Olu’s administration has prioritized infrastructure financing. These projects are backed by sound financial planning, ensuring long-term benefits for Lagos residents.
The investiture by the CIBN added to the growing list of accolades that Governor Sanwo-Olu has received in recognition of his contributions to finance and governance. However, beyond the awards, his true legacy lies in the impact of his policies and initiatives on the lives of Lagosians and the Nigerian economy.
His ability to bridge the gap between private-sector expertise and public-sector innovation has set a new benchmark for leadership. By leveraging his professional background, Sanwo-Olu has not only strengthened Lagos State’s economy but also inspired confidence in the potential of Nigerian professionals to drive meaningful change.
•Obatunde Adekanye writes from Lagos State









