Sanwo-Olu restates plan to position Lagos as global investment hub
Governor Babajide Sanwo-Olu has reaffirmed his administration’s commitment to creating an enabling business environment, strengthening safety and sustaining investor confidence in Lagos State. The governor said the state was intensifying
Governor Babajide Sanwo-Olu has reaffirmed his administration’s commitment to creating an enabling business environment, strengthening safety and sustaining investor confidence in Lagos State.
The governor said the state was intensifying efforts to establish the Lagos International Financial Centre, an initiative designed to position Lagos as a global destination for foreign direct and portfolio investments.
Sanwo-Olu spoke during separate courtesy visits by council members of the Chartered Institute of Stockbrokers (CIS), led by its President/Chairman, Oluropo Dada, and the Chief Executive Officer, Africa, Standard Chartered Bank, Dalu Ajene, at Lagos House, Marina.
He said the LIFC project, backed by President Bola Tinubu, would provide a secure and favourable climate for international investors, deepen the capital market and expand financial instruments available in Nigeria.
Reiterating his administration’s vision to make Lagos Africa’s economic hub, Sanwo-Olu said the focus remained on infrastructure, human capital development, urban safety and inclusive growth to keep the city attractive to local and foreign investors.
He added that the state would continue to leverage innovative financial instruments to fund infrastructure, transportation and urban development projects aimed at improving residents’ quality of life.
The governor commended CIS and Standard Chartered Bank for deepening financial services, strengthening market confidence and demonstrating long-term commitment through strategic investments.
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He also lauded reforms by the Federal Government and the Central Bank of Nigeria, noting that improvements in macroeconomic indicators such as interest rates, foreign reserves and inflation were critical to sustaining growth.
Responding, Mr Dada lauded Lagos for its leadership in capital market participation and domestic investment, citing the use of innovative financing for major infrastructure projects, including the Lagos Blue Line Rail and Lagos Red Line Rail.
He said the state’s policies had enhanced investor confidence and economic productivity, pledging the institute’s support for the Lagos International Financial Centre and the drive to position Lagos as a leading global financial hub.
