The Lagos State Government has taken a significant step toward positioning Lagos as a global financial hub with the official launch of the Phase 1 Report of the Lagos International Financial Centre (LIFC). The milestone event took place at Lagos House, Marina, bringing together leaders from EnterpriseNGR and members of the Lagos International Financial Centre Council.
Reflecting on the journey so far, Governor Babajide Sanwo-Olu described the initiative as a bold vision conceived two years ago to strengthen Nigeria’s financial ecosystem and expand economic opportunities. According to him, the newly launched report outlines a clear and practical roadmap for building a financial centre designed to support economic growth, deepen capital markets, and drive innovation across the country.
The Phase 1 Report is the outcome of sustained policy development, extensive technical input, and strong partnerships nurtured over time. It sets out foundational frameworks and strategic priorities that will guide the development of a credible, competitive, and globally aligned financial centre for Lagos and Nigeria at large.
Governor Sanwo-Olu acknowledged the critical contributions of EnterpriseNGR, the UK Government, and TheCityUK, commending their support, expertise, and collaboration during the project’s early stages. He emphasized that building a world-class financial centre requires discipline, strong institutions, and trusted partners committed to long-term success.
Looking ahead, the next phase of the Lagos International Financial Centre will focus on execution, structural reforms, and the implementation of policies that can endure beyond political cycles. The Governor stressed that the project has been deliberately designed to be institutional rather than personal, ensuring continuity and sustainability regardless of changes in administration.
He further noted that while the initiative is rooted in Lagos, its impact extends far beyond the state. The ultimate goal, he said, is to help shape a more efficient, resilient, and inclusive financial system that works better for Nigeria—both now and for generations to come.
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