The Lagos State Government has signed a Memorandum of Understanding (MoU) with the City of UK and the Foreign Commonwealth and Development Office (FCDO) to establish the Lagos International Financial Centre.
This strategic partnership aims to drive economic growth and position Lagos as a premier global financial hub.
Governor Babajide Sanwo-Olu, who witnessed the signing of the MoU, expressed his administration’s commitment to achieving the Lagos International Financial Centre.
He emphasized that this initiative will not only benefit Lagos but also put Nigeria on the world map of cities with international financial centres.
The MoU signing ceremony was attended by key stakeholders, including the Lagos State Commissioner for Finance, Mr. Yomi Oluyomi; CEO of EnterpriseNGR, Mrs. Obi Ibekwe; and Director of International Development of The City UK, Anna Rogers.
Aigboje Aig-Imoukhuede, Co-Chairman of the Lagos International Financial Council (LIFC), commended Governor Sanwo-Olu for driving the vision of the LIFC. He noted that the partnership with the City of UK is a significant milestone towards establishing Lagos as a major financial hub.
Anna Rogers, Director of International Development of The City UK, expressed her organization’s excitement about the partnership. She highlighted that the collaboration will facilitate knowledge sharing between UK and Nigerian financial professionals, policymakers, and regulators, leading to increased trade, investment, and partnerships.
This development is a significant step towards realizing the Lagos State Government’s vision of establishing the Lagos International Financial Centre. With the support of international partners like the City of UK and FCDO, Lagos is poised to become a major player in the global financial landscape.