Obanikoro Commends LASACO MD’s Strategic Vision for Growth

The Special Adviser to the Lagos State Governor on Parastatals Monitoring, Ibrahim Obanikoro, has officially commended the Managing Director of LASACO Assurance Plc, Ademoye Shobo, for his transformative leadership and strategic roadmap aimed at elevating the company’s market position.

The endorsement came during a recent working visit by Shobo and his executive team to the Parastatals Monitoring Office (PMO). During the session, the LASACO boss presented a comprehensive outline of the firm’s long-term goals, focusing on innovative insurance products and enhanced service delivery to drive institutional value.

Shobo provided the PMO with a detailed briefing on the company’s current financial health and operational performance. He emphasized a renewed commitment to transparency and the adoption of international best practices, ensuring that the state-linked insurer remains competitive in a rapidly evolving financial landscape.

​In his response, Obanikoro praised the Managing Director’s forward-looking approach, noting that such visionary leadership is essential for driving sustainable growth. He highlighted that these efforts are instrumental in strengthening corporate governance frameworks across state-owned enterprises in Lagos.

The Special Adviser expressed his appreciation for the management's proactive engagement with the PMO. He reaffirmed the state government's commitment to supporting LASACO’s objectives, promising continued collaboration to ensure the firm meets its performance and profitability targets.