Ikeja, Nov. 4, 2023: Governor Babajide Sanwo-Olu of Lagos State signed Executive Order 3 on Friday at Ikeja to establish the Lagos International Financial Centre (LIFC) Council.<\/p>\n\n\n\n
The council would help to align strategic partnerships that contribute to the economic prosperity of Lagos State and that of Nigeria.<\/p>\n\n\n\n
Speaking at the inauguration of the council, Sanwo-Olu said its establishment was in furtherance of the objective to position Lagos as Africa\u2019s premier financial centre.<\/p>\n\n\n\n
He said the LIFC council was being propelled in partnership with EnterpriseNGR.<\/p>\n\n\n\n
EnterpriseNGR is an advocacy group that promotes the growth and development of Nigeria\u2019s Financial and Professional Services (FPS) sector as a catalyst for economic development.<\/p>\n\n\n\n
Lagos State and EnterpriseNGR are poised to make history as Africa\u2019s first participants to be invited to join the prestigious Lord Mayor\u2019s Show 805th procession in London.<\/p>\n\n\n\n
The governor, who chairs the Council, said the key objective of the historic participation in the Lord Mayor\u2019s Show was to showcase the investment potential of Lagos State.<\/p>\n\n\n\n
It is also to elevate Lagos State as a global investment destination, he added.<\/p>\n\n\n\n
According to the governor, the council will help in establishing Africa\u2019s premier International Financial Centre in Lagos in line with the economic recovery plans of the Federal Government.<\/p>\n\n\n\n
\u201cLagos is not just going to London for the parade and pageantry; this visit has a more strategic purpose. This is a prime opportunity to showcase Lagos State on a global platform.<\/p>\n\n\n\n
\u201cThe newly-inaugurated LIFC Council signifies not just an institutional milestone, but a commitment to a bold vision positioning Lagos as the beacon of financial innovation in Africa.<\/p>\n\n\n\n
\u201cThe Lord Mayor, Professor Michael Mainelli\u2019s invitation stands as a resounding endorsement of Lagos State\u2019s commitment to excellence, as well as recognition of its increasing economic prominence.<\/p>\n\n\n\n
\u201cThis invitation aligns harmoniously with the council\u2019s mission to establish Lagos as a global financial hub, attracting investments that will fuel sustainable economic development,\u2019\u2019 Sanwo-Olu stressed.<\/p>\n\n\n\n
He added that Lagos State\u2019s and Nigeria\u2019s enduring history with the United Kingdom reflected a proud Commonwealth partnership since Nigeria gained independence in 1960.<\/p>\n\n\n\n
He said Nigeria remained dedicated to fostering diplomatic and economic ties, presenting abundant investment opportunities in sectors such as oil, finance, technology, agriculture, healthcare, and infrastructure.<\/p>\n\n\n\n
\u201cThis resilient partnership, combined with Nigeria and Lagos\u2019s commitment to growth, creates a promising landscape for UK investors eager to contribute to and benefit from Nigeria\u2019s dynamic and expanding economy,\u2019\u2019 the governor said.<\/p>\n\n\n\n
In his remarks, EnterpriseNGR\u2019s Chairman, Mr Aigboje Aig-Imoukhuede, who is Co-Chair of LIFC Council, said that EnterpriseNGR stood as a catalyst for transformative change in Nigeria\u2019s FPS sector.<\/p>\n\n\n\n
Aig-Imoukhuede said EnterpriseNGR\u2019s vision extended beyond advocacy; as it was a commitment to incentivise investments that went beyond financial gains.<\/p>\n\n\n\n
\u201cAs we embark on this historic delegation to showcase Lagos State on the global stage, we recognise the profound significance of attracting investments.<\/p>\n\n\n\n
\u201cInvestment isn\u2019t merely a transaction; it\u2019s a catalyst for job creation, driving sustainable development and fostering a symbiotic relationship between investors, the state, and communities at large,\u2019\u2019 he said.<\/p>\n\n\n\n
Also speaking, the Chief Executive Officer, EnterpriseNGR, Ms Obi Ibekwe, said its participation in the Lord Mayor\u2019s Show underscored its critical role in driving transformative change within Nigeria\u2019s FPS sector.<\/p>\n\n\n\n
\u201cWe are not just advocating for growth; we are actively working to create a dynamic, interconnected and thriving FPS sector.<\/p>\n\n\n\n
\u201cThe inauguration of the LIFC Council is a testament to our unwavering commitment to fostering strategic partnerships that contribute to the economic prosperity of Lagos and Nigeria,\u2019\u2019 Ibekwe said.<\/p>\n\n\n","protected":false},"excerpt":{"rendered":"
Ikeja, Nov. 4, 2023: Governor Babajide Sanwo-Olu of Lagos State signed Executive Order 3 on Friday at Ikeja to establish the Lagos International Financial Centre (LIFC) Council. The council would help to align strategic partnerships that contribute to the economic prosperity of Lagos State and that of Nigeria. Speaking at the inauguration of the council, […]<\/p>\n","protected":false},"author":2,"featured_media":18489,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[949],"tags":[35],"class_list":["post-53863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-council","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"\n