Lagos State Governor Babajide Sanwo-Olu has reaffirmed Nigeria’s commitment to the establishment of the Lagos International Financial Centre (LIFC), describing the initiative as a strategic effort to position the country within the global financial system.
Speaking during a training programme held at the Møller Institute at the University of Cambridge, the governor said the session was organised to deepen engagement with key stakeholders and ensure a clear understanding of the objectives and importance of the Lagos International Financial Centre project.
Sanwo-Olu explained that the initiative goes beyond Lagos State, noting that the financial centre is designed to support national economic development and strengthen Nigeria’s competitiveness in the global financial market.
He also provided an update on the support of President Bola Ahmed Tinubu for the project, stating that the President’s willingness to engage and provide leadership has strengthened confidence in the initiative.
According to the governor, the Lagos International Financial Centre is intended to attract investment, create employment opportunities and enhance Nigeria’s position as a major financial hub.
“This project is not about Lagos alone, and it is not about any individual. It is about positioning Nigeria properly within the global financial system,” he said, adding that successful implementation would send a strong message that Nigeria is ready to compete globally.
Sanwo-Olu expressed appreciation to development partners and stakeholders supporting the initiative, including TheCityUK, the Foreign Commonwealth and Development Office, and EnterpriseNGR, as well as private sector leaders committed to the project.
He noted that groundwork for the Lagos International Financial Centre has already begun and stressed the need for sustained focus and collaboration among stakeholders to ensure the successful delivery of the project.
