Economy

LASG, LIFC council seek investors’ support for Lagos International Financial centre 

  • Call for media partnership in repositioning Nigeria

 The Lagos State Government, in partnership with EnterpriseNGR under the platform of the Lagos International Financial Centre (LIFC), have called on foreign and local investors to support and partnership for the establishment of an International Financial Centre in Lagos to drive economic and financial growth.  

Speaking during the EnterpriseNGR first Quarterly Members’ Night of 2025 held at Victoria Island, Lagos State Governor, Mr. Babajide Sanwo-Olu and the Co-Chairman of LIFC Council, Mr. Aigboje AigImoukhuede, said the establishment of LIFC will attract private international capital flow to finance growth and development in Lagos and Nigeria.  

The event attended by Lagos State Government top officials, which included Lagos State Commissioner for Finance, Mr. Abayomi Oluyomi, his Commerce, Cooperatives, Trade and Investment counterpart, Mrs Folashade Ambrose-Medebem, as well as the Commissioner of Economic Planning and Budget, Mr Mosopefolu George; captains of industry, foreign partners, and media stakeholders, in a high-level engagement, showcased the Lagos International Financial Centre vision, focusing on advancing Nigeria’s transformation into a globally competitive financial hub.  

Speaking at the event, Governor Sanwo-Olu, who was represented by Lagos State Commissioner for Finance, Mr. Abayomi Oluyomi, said the establishment of the Lagos International Financial Centre will aid the financing of the infrastructural gap in the State.  

He therefore called on the private sector to partner with the Lagos State Government and LIFC Council to drive economic and financial growth in Lagos, noting that “the partnership between the public and the private sector is the solution, and that is what we have been looking for.”  

He said: “We believe the establishment of the Lagos International Financial Centre will aid the financing of the infrastructural gap. It is a hub that promotes the development of both economic and financial systems in Nigeria. If we are able to establish the Lagos International Financial Centre, it will, in a geometric way, leapfrog the development of Lagos State for Lagos to be able to compete with global cities. 

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