Lagos seeks investor support to establish International Financial Centre
By Adeola Ogunrinde
The Lagos State Government, in collaboration with EnterpriseNGR through the Lagos International Financial Centre (LIFC), has called on both foreign and local investors to support the establishment of an International Financial Centre in Lagos to drive economic and financial growth.
Speaking at the EnterpriseNGR First Quarterly Members’ Night of 2025, held in Victoria Island, Lagos State Governor Babajide Sanwo-Olu and the Co-Chairman of the LIFC Council, Aigboje Aig-Imoukhuede, emphasized that the LIFC would attract private international capital to finance growth and development in Lagos and Nigeria.
The high-level event, attended by top Lagos State government officials—including Finance Commissioner Abayomi Oluyomi, Commerce, Cooperatives, Trade, and Investment Commissioner Folashade Ambrose-Medebem, and Economic Planning and Budget Commissioner Mosopefolu George—alongside industry leaders, foreign partners, and media stakeholders, highlighted the LIFC’s vision of transforming Nigeria into a globally competitive financial hub.
Represented by Finance Commissioner Abayomi Oluyomi, Governor Sanwo-Olu stated that the Lagos International Financial Centre would help bridge the state’s infrastructure financing gap.
He urged private sector collaboration, noting, “The partnership between the public and private sectors is the solution we have been seeking. The LIFC will drive economic and financial growth, making Lagos a competitive global city.”
Sanwo-Olu reaffirmed the government’s commitment to ensuring the centre’s successful establishment.
“The Lagos International Financial Centre will significantly transform the economy of Lagos and Nigeria. It will attract investments, boost Foreign Direct Investment, and position Lagos as a preferred global financial hub,” he said.
