Lagos IFC initiative to position Nigeria as a top-tier global financial hub, says FG 

The Federal Government on Tuesday said it has endorsed the creation of the Lagos International Financial Centre (IFC), a strategic move aimed at positioning Nigeria as a top-tier global financial hub.

The Minister of Finance and Coordinating Minister of the Economy Mr Wale Edun, underscored the Federal Government’s unwavering commitment to macroeconomic stability and investment mobilisation. 

The Director, Information and Public Relations, Federal Ministry of Finance, Mr. Mohammed Manga disclosed in a statement. Quoted the Minister when he spoke at a high-level engagement with EnterpriseNGR, Citi UK, and senior Lagos State Government Officials, in his office in Abuja.

Edun cited the successful issuance of a US dollar domestic bond as a signal of renewed investor confidence and financial reform momentum.

He drew parallels with London’s historic “Big Bang” reforms, highlighting Lagos’ potential to evolve into a globally competitive financial centre with the right institutional support.

EnterpriseNGR Chairman, Aigboje Aig-Imoukhuede, emphasised the importance of synergy between federal and state authorities, alongside private sector leadership, in attracting global capital.

Lagos State Commissioner for Finance, Abayomi Oluyomi, outlined the state’s preparedness, referencing the Lagos State Development Plan, the creation of the Lagos IFC Council, and an executive order to catalyse the initiative.

Director of International Development at Citi UK, Anna Rogers commended the coordinated approach and stressed the importance of investor-friendly policies and regulatory clarity for global competitiveness.

With strong political will, private sector momentum, and international collaboration, Nigeria is advancing the vision of Lagos as a world-class financial centre—boosting the economy, deepening capital markets, and strengthening the country’s role in global finance.