In what marked a significant step in realising the bold vision of bolstering the position of Lagos as Africa’s premier financial centre, Governor Babajide Sanwo-Olu has inaugurated the Lagos International Financial Centre (LIFC) Council.
The newly-inaugurated LIFC Council is a ground-breaking public-private sector collaboration between the Lagos State Government and EnterpriseNGR, a non-profit private sector advocacy group that promotes the growth and development of Nigeria’s Financial and Professional Services (FPS) sector as a catalyst for economic development.
Speaking at the unveiling of the LIFC Council at the Lagos House, Ikeja, Lagos, on Friday, the governor said the Council’s mandate is to provide strategic oversight, guidance,, and coordination towards transforming Lagos as Africa’s premier financial centre and investment destination of choice.
Sanwo-Olu, who described the LIFC Council as “Transformational,” said it underscored his administration’s unwavering commitment to transform Lagos into a global economic and financial powerhouse that is safe and secure.
He said the LIFC Council which members are drawn from both the public and private sector will collaborate with stakeholders across the federal, state and local government levels to, alongside regulatory bodies to actualise the state’s ambitious vision to become a global economic and financial hub.
The governor further stated that the Council’s mandate includes advising on measures to attract foreign investment, monitor progress, address identified challenges, and suggest improvements as needed.
Sanwo-Olu, who announced himself and EnterpriseNGR’s Chairman, Mr. Aigboje Aig-Imoukhuede, as Chair and Co-Chair of the Council respectively, said the Council’s inauguration signifies not just an institutional milestone, but a commitment to a bold vision—positioning Lagos as the beacon of financial innovation in Africa.