Lagos State Governor, Mr. Babajide Sanwo-Olu, on Tuesday chaired the 4th Council Meeting of the Lagos International Financial Centre (LIFC) alongside his co-chair, Mr. Aigboje Aig-Imokhuede, at Lagos House, Ikeja, underscoring the state’s determination to establish Lagos as a leading financial hub in Africa.
The Lagos International Financial Centre is a strategic initiative of the Lagos State Government and EnterpriseNGR, implemented in collaboration with key private sector stakeholders. The initiative is designed to position Lagos as a premier destination for global finance by creating an enabling environment that attracts international investors, multinational corporations, and top-tier financial services providers.
Speaking at the meeting, Governor Sanwo-Olu highlighted that the LIFC is anchored on the delivery of world-class infrastructure, efficient and streamlined business regulations, and unrivalled access to Africa’s largest market. He noted that these elements are critical to strengthening investor confidence and enhancing Lagos State’s competitiveness within the global financial ecosystem.
The Governor recalled that the LIFC journey commenced in 2023 and, through the strong collaboration and dedication of both public and private sector partners, significant milestones have already been achieved. He added that strategic engagements with relevant stakeholders are ongoing, with visible outcomes expected in the near future for the benefit of Lagos residents and partners.
According to Governor Sanwo-Olu, the LIFC will play a transformative role in deepening domestic capital markets, expanding access to long-term financing, and attracting increased Foreign Direct Investment into the state. He further emphasized that the initiative will support economic diversification, job creation, and sustainable growth across key sectors of the Lagos economy.
The meeting reaffirmed the shared commitment of the Lagos State Government and its partners to delivering a globally competitive financial centre that drives inclusive prosperity and positions Lagos at the forefront of Africa’s financial future
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