Lagos State Governor, Babajide Sanwo-Olu, has reaffirmed the government’s commitment to creating a business-friendly environment, aiming to establish Lagos as a leading financial hub in Africa.
Speaking during a meeting on the Lagos International Financial Centre (LIFC) project, Sanwo-Olu emphasized the importance of fostering a market-driven, innovation-led financial sector.
“The Lagos State Government is fully committed to fostering a market-driven, innovation-led financial sector,” said Sanwo-Olu.
“Through the LIFC project, we aim to create an enabling environment that supports seamless trading, attracts foreign investment, and enhances the competitiveness of our financial markets.”
The LIFC initiative, in collaboration with EnterpriseNGR and key stakeholders, is designed to improve market infrastructure and unlock new opportunities for public-private partnerships in technology and capital market development.
Sanwo-Olu highlighted the crucial role of Lagos, Nigeria’s largest economic center, in driving the nation’s capital markets.
Aigboje Aig-Imoukhuede, Co-Chairman of the LIFC Project, also stressed the need for the CEOs of licensed exchanges to adopt global best practices within Lagos’s financial ecosystem.
This initiative promises to strengthen Lagos’ position as a global financial powerhouse while attracting foreign investment and expanding market opportunities.