The Lagos State Government, in partnership with EnterpriseNGR, is calling on foreign and local investors to support the establishment of the Lagos International Financial Centre (LIFC). This initiative aims to drive economic and financial growth in Lagos and Nigeria.
At the EnterpriseNGR first Quarterly Members’ Night of 2025, Lagos State Governor, Mr. Babajide Sanwo-Olu, and the Co-Chairman of LIFC Council, Mr. Aigboje Aig-Imoukhuede, emphasized the importance of the LIFC in attracting private international capital flow to finance growth and development in Lagos and Nigeria.
The LIFC is expected to aid in financing the infrastructural gap in Lagos State, making it a hub that promotes the development of both economic and financial systems in Nigeria.
Governor Sanwo-Olu encouraged the private sector to partner with the Lagos State Government and LIFC Council to drive economic and financial growth in Lagos.
Key Benefits of the LIFC:
– Attracting International Capital: The LIFC will attract private international capital flow to finance growth and development in Lagos and Nigeria.
– Deepening Domestic Capital Markets: The LIFC will deepen Nigeria’s domestic capital markets, increasing access to long-term finance.
– Driving Economic Diversification: The LIFC will drive economic diversification and support innovation across industries.
– Transforming Lagos Economy: The LIFC will tremendously transform the economy of Lagos State and Nigeria as a whole, making Lagos a destination of choice.
The state government and EnterpriseNGR are committed to making the LIFC a reality, with the support of partners like The CityUK. With the LIFC, Lagos is poised to become West Africa’s first and Africa’s largest international financial centre.