The Lagos State Government has finalized plans to establish an International Financial Centre at Eko Atlantic, Victoria Island, Lagos.
Governor Babajide Sanwo-Olu described the project as a strategic step to position Lagos as Africa’s leading financial services hub.
The initiative will enhance capital market growth, attract global investors, and strengthen Lagos’ role in Nigeria’s financial sector development.
Lagos is collaborating with EnterpriseNGR and licensed exchanges to align market practices with international financial standards.
“This initiative will enhance liquidity, drive innovation, and foster partnerships for economic growth across Lagos and beyond,” Sanwo-Olu stated.
Aigboje Aig-Imoukhuede, co-chairman of the project, called on financial leaders to adopt strategies that promote liquidity and innovation.
In a related development, Lagos secured over $1.2 billion for expanding digital infrastructure, data centers, and telecom connectivity.
Sanwo-Olu reaffirmed commitment to strengthening digital infrastructure, protecting telecom assets, and advancing Lagos’ financial technology ecosystem.
The state plans to increase the tech ecosystem’s GDP contribution from 3% to 10% through strategic investments.
With these initiatives, Lagos International Financial Centre will attract investors, expand opportunities, and transform the city’s economy.
