The Lagos State government has reaffirmed its focus on driving an innovation-led financial sector as part of its vision for the state to become a globally competitive financial hub.
Governor Babajide Sanwo-Olu made this known during a meeting with licensed exchanges and key stakeholders on the Lagos International Financial Centre (LIFC) project.
According to Sanwo-Olu, the LIFC—being developed in collaboration with EnterpriseNGR and other key partners—will create a seamless trading environment, attract foreign investment, and enhance the state’s financial market infrastructure.
“As Nigeria’s largest economic and financial centre, Lagos plays a critical role in driving the nation’s capital market,” Sanwo-Olu stated. “Our licensed exchanges are at the heart of this ecosystem, facilitating investment flows, enhancing market liquidity, and promoting financial literacy.”
He further stressed that the initiative would bring new opportunities for public-private partnerships in technology and capital market development.
Aigboje Aig-Imoukhuede, co-chairman of the LIFC Project, urged CEOs of licensed exchanges to align Lagos LIFC project with global best practices to strengthen its attractiveness to investors.
In response, the CEOs reiterated their commitment to supporting the initiative, pledging to work towards making Lagos a leading financial hub in Africa.
At the meeting, stakeholders also discussed challenges, proposed solutions, and recommended strategies to enhance financial markets and drive sustainable economic growth in the state.
