Sanwo-Olu signs executive order creating Lagos International Financial Centre Council

Lagos State Governor, Mr. Babajide Sanwo-Olu, on Friday, signed Executive Order, establishing Lagos International Financial Centre (LIFC) Council in furtherance of its objective position Lagos as Africa’s premier financial centre.

In his address at the inauguration of the council, the governor said the Lagos International Financial Centre (LIFC) Council is being propelled in partnership with EnterpriseNGR – a member-led advocacy group that promotes the growth and development of Nigeria’s Financial and Professional Services (FPS) sector as a catalyst for economic development.

The governor, who will chair the Council emphasised that the key objective of this historic participation in the Lord Mayor’s Show is to showcase the investment potential of Lagos and to elevate the state as a global investment destination.

Sanwo-Olu said that LIFC Council’s objective established with Executive Order 3 is clear, as it would help to align strategic partnerships that contribute to the economic prosperity of Lagos and Nigeria by establishing Africa’s premier International Financial Centre in Lagos in line with the economic recovery plans of the Federal Government.

He explained that: “Lagos is not just going to London for the parade and pageantry; this visit has a more strategic purpose. This is a prime opportunity to showcase Lagos on a global platform. The newly inaugurated LIFC Council signifies not just an institutional milestone, but a commitment to a bold vision—positioning Lagos as the beacon of financial innovation in Africa.

EnterpriseNGR’s Chairman, Mr. Aigboje Aig-Imoukhuede, co-chair of the council added: “EnterpriseNGR stands as a catalyst for transformative change in Nigeria’s Financial and Professional Services sector. Our vision extends beyond advocacy; it’s a commitment to incentivise investments that go beyond financial gains.”

The Chief Executive Officer of EnterpriseNGR, Ms. Obi Ibekwe, said: “EnterpriseNGR’s participation in this historic delegation to the Lord Mayor’s Show underscores the critical role we play in driving transformative change within Nigeria’s Financial and Professional services sector.”