The Lagos State Government, in collaboration with the advocacy group EnterpriseNGR, has established the Lagos International Financial Centre Council to encourage investment within the state.
This significant announcement was made in a statement released on Friday, which also mentioned that Lagos has received an invitation to participate in London’s Lord Mayor’s Show’s 805th procession.
Lagos holds a prominent position in Nigeria’s economy, contributing over 30% to the country’s GDP.
It’s responsible for 90% of Nigeria’s foreign trade and leads in foreign capital importation.
Babajide Sanwo-Olu, the Governor of Lagos State and chair of the council, highlighted that the primary goal of participating in the Lord Mayor’s Show is to showcase Lagos’s investment potential and establish the state as a global investment hub.
He emphasized that this endeavor goes beyond a mere parade, as it aligns with the mission of the newly-inaugurated LIFC Council to position Lagos as a beacon of financial innovation in Africa.
The invitation from Lord Mayor Professor Michael Mainelli underscores Lagos State’s dedication to excellence and its growing economic significance.
It harmonizes with the council’s mission to transform Lagos into a global financial hub, attracting investments that will fuel sustainable economic development.
Sanwo-Olu also stressed the enduring partnership between Lagos, Nigeria, and the United Kingdom, which presents abundant investment opportunities in various sectors such as oil, finance, technology, agriculture, healthcare, and infrastructure.
This partnership, coupled with Nigeria’s commitment to growth, offers a promising landscape for UK investors seeking to contribute to and benefit from the nation’s dynamic economy.
The collaboration between Lagos State and EnterpriseNGR aims to position Lagos as Africa’s premier financial center.
This partnership marks a historic moment as the first African participants invited to join the prestigious Lord Mayor’s Show’s 805th procession in London.
Aigboje Aig-Imoukhuede, Chairman of EnterpriseNGR and co-chair of the council, emphasized their commitment to transformative change in Nigeria’s Financial and Professional Services sector.
Their vision extends beyond advocacy and aims to incentivize investments that drive job creation, sustainable development, and positive relationships between investors, the state, and communities.
Obi Ibekwe, CEO of EnterpriseNGR, reiterated their role in driving transformative change in Nigeria’s Financial and Professional Services sector.
Their participation in the Lord Mayor’s Show underlines their commitment to fostering strategic partnerships that contribute to the economic prosperity of Lagos and Nigeria.
EnterpriseNGR, as a member-led advocacy group, focuses on promoting the growth and development of Nigeria’s Financial and Professional Services sector, acting as a catalyst for economic development.
