The Federal Government has thrown its full support behind the establishment of the Lagos International Financial Centre (IFC), a landmark initiative designed to position Nigeria as a leading global financial powerhouse.
At a high-level meeting in Abuja with EnterpriseNGR, Citi UK, and senior Lagos State officials, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, reaffirmed the government’s commitment to macroeconomic stability, investment mobilization, and financial sector reform.
He pointed to Nigeria’s recent successful issuance of a US dollar domestic bond as a sign of renewed investor confidence.
Drawing inspiration from London’s historic “Big Bang” financial reforms, Edun emphasized that Lagos has the potential to become a globally competitive financial hub with the right institutional and regulatory framework.
Chairman of EnterpriseNGR, Aigboje Aig-Imoukhuede, stressed the crucial role of federal-state collaboration and private sector leadership in attracting international capital, while Lagos State Commissioner for Finance, Abayomi Oluyomi, highlighted the state’s readiness through the Lagos Development Plan, the IFC Council, and a strategic executive order to drive the initiative forward.
Director of Information and Public Relations, Mohammed Manga, in a statement quoted
Director of International Development at Citi UK, Anna Rogers who added an international perspective to have praised the coordinated approach, noting that clear regulatory policies and investor-friendly frameworks are key to global competitiveness.
With strong political backing, private sector drive, and international partnerships, the Lagos IFC is set to deepen capital markets, attract global investments, and solidify Nigeria’s role in international finance.
