Executive Order establishing Lagos International Financial Center Council is signed by Sanwo-Olu.

Executive Order establishing Lagos International Financial Center Council is signed by Sanwo-Olu.
The Lagos International Financial Centre (LIFC) Council was established on Friday by an Executive Order signed by Lagos State Governor, Mr. Babajide Sanwo-Olu. The purpose of this initiative is to develop Lagos as the leading financial hub in Africa.

The governor stated during the council's inauguration that EnterpriseNGR, a member-led advocacy organization that supports the expansion and development of Nigeria's Financial and Professional Services (FPS) sector as a catalyst for economic development, is working in tandem with the Lagos International Financial Centre (LIFC) Council.

The governor, who will preside over the Council, emphasized that showcasing Lagos's investment potential and promoting the state as a top destination for foreign investment is the main goal of this historic participation in the Lord Mayor's Show.

The governor emphasized that the goal of the LIFC Council, as set forth in Executive Order 3, is quite clear: by establishing Africa's premier International Financial Center in Lagos in accordance with the Federal Government's plans for economic recovery, it will facilitate the alignment of strategic partnerships that enhance the economic prosperity of both Lagos and Nigeria.

He clarified, saying, "Lagos is visiting London for a deeper strategic reason than just the pageantry and parade. This is a fantastic chance to present Lagos on an international stage. The newly established LIFC Council represents not just a significant institutional achievement but also a dedication to a daring goal: establishing Lagos as the hub of financial innovation in Africa.

"The invitation from Lord Mayor Professor Michael Mainelli is a clear testament to Lagos State's dedication to excellence and acknowledges the state's growing economic significance. This invitation is in line with the council's objective to position Lagos as a worldwide financial center and draw investments that would support long-term, sustainable economic growth.Since obtaining independence in 1960, Lagos and Nigeria have had a great Commonwealth alliance, as evidenced by their longstanding history with the United Kingdom. Nigeria continues to be committed to building diplomatic and commercial relationships and offers a wealth of investment prospects in industries like infrastructure, oil, banking, technology, agriculture, and healthcare.

"The dynamic and expanding economy of Nigeria, along with Lagos's commitment to growth, along with this resilient partnership, creates a promising landscape for UK investors eager to contribute to and benefit from the nation's economy," he continued.

He said that the state government joined with EnterpriseNGR because it is the voice of business, ardently supporting the expansion and advancement of the Financial and Professional Services (FPS) industry.

Speaking alongside the governor as co-chair of the council, Mr. Aigboje Aig-Imoukhuede, Chairman of EnterpriseNGR, said, "EnterpriseNGR stands as a catalyst for transformative change in Nigeria's Financial and Professional Services sector." Our goal is to encourage investments that go beyond monetary returns; it goes beyond simple advocacy.

As we set out on this historic journey to present Lagos to the world, we understand how important it is to draw in investment. Investment is more than just a transaction; it's a driver of sustainable growth, the creation of jobs, and the establishment of a mutually beneficial relationship between investors, the government, and the community at large.

"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," stated Ms. Obi Ibekwe, the company's chief executive officer.

Not only do we support expansion, but we are also actively engaged in building a vibrant, connected, and dynamic FPS industry. The establishment of the Lagos International Financial Centre (LIFC) Council is evidence of our steadfast dedication to developing strategic alliances that advance Lagos's and Nigeria's economies.

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