Lagos to Become Global Hub for Investment – Sanwo-Olu
By Naija Enquirer Staff
The Governor of Lagos State, Mr. Babajide Sanwo-Olu, has reiterated his administration’s commitment to creating an enabling business environment, ensuring safety, and fostering investor confidence across the state.
Governor Sanwo-Olu highlighted the ongoing efforts of the Lagos State Government to establish the Lagos International Financial Centre (LIFC), an initiative designed to position Lagos as a global hub for foreign direct and portfolio investment.
LIFC to Deepen Capital Market and Attract Investors
According to the governor, the LIFC project—supported by President Bola Ahmed Tinubu—will create a secure and favourable environment for international investors, deepen Nigeria’s capital market, and expand the range of financial instruments available within the country.
Sanwo-Olu spoke on Wednesday during separate courtesy visits at Lagos House, Marina, by Council Members of the Chartered Institute of Stockbrokers (CIS), led by its President/Chairman, Mr. Oluropo Dada, and the Chief Executive Officer of Africa for Standard Chartered Bank, Mr. Dalu Ajene.
Infrastructure and Inclusive Development in Focus
Reaffirming his vision to make Lagos the economic hub of Africa, the governor emphasised investments in infrastructure, human capital development, urban safety, and inclusive growth to ensure the state remains attractive to both domestic and international investors.
He also stressed Lagos State’s commitment to leveraging innovative financial instruments to fund infrastructure, transportation, and urban development projects aimed at improving the quality of life for residents.
Commendation for Financial Institutions
Governor Sanwo-Olu commended the Chartered Institute of Stockbrokers and Standard Chartered Bank for their contributions to deepening financial services in Nigeria, strengthening market trust, and demonstrating long-term commitment through strategic investments over the years.
He further praised the administration of President Bola Ahmed Tinubu and the leadership of the Central Bank of Nigeria (CBN) for implementing reforms that have improved macroeconomic stability. According to him, gradual reductions in interest rates, stable foreign reserves, and moderated inflation are critical to sustaining investment and economic growth.
CIS Highlights Lagos’ Capital Market Leadership
Speaking on behalf of the institute, CIS President/Chairman Mr. Oluropo Dada acknowledged Lagos State’s leadership in capital market participation and domestic investment. He cited the state’s use of innovative financial instruments to fund major infrastructure projects, including the Blue Line and Red Line rail initiatives.
Dada praised the Lagos International Financial Centre initiative and reaffirmed the institute’s commitment to supporting Lagos in its quest to become a leading international financial hub.
He underscored Lagos State’s position as Nigeria’s financial and commercial powerhouse, highlighting strong collaboration between government and professional institutions to drive sustainable economic growth, capital formation, and global investment readiness.
