By Ayomide Otitoju
The Governor of Lagos State, Mr. Babajide Sanwo-Olu, has reiterated his administration’s commitment to creating a secure and enabling environment for business, fostering investor confidence, and positioning Lagos as a global hub for investment.
Speaking on Wednesday during courtesy visits by the Council Members of the Chartered Institute of Stockbrokers, led by President/Chairman Mr. Oluropo Dada, and the CEO of Standard Chartered Bank Africa, Mr. Dalu Ajene, at Lagos House, Marina, Governor Sanwo-Olu highlighted the ongoing Lagos International Financial Centre (LIFC) initiative.
The LIFC, supported by President Bola Tinubu, is designed to deepen Nigeria’s capital market, enhance available financial instruments, and provide a favourable environment for foreign direct and portfolio investment.
“Our vision is to make Lagos the economic hub of Africa,” Sanwo-Olu said. “This includes developing infrastructure, human capital, urban safety, and inclusive growth to ensure the city remains attractive to domestic and international investors.”
He further emphasized the state’s commitment to leveraging financial instruments to fund infrastructure, transportation, and urban development projects aimed at improving the quality of life for Lagosians.
Governor Sanwo-Olu commended the Chartered Institute of Stockbrokers and Standard Chartered Bank for their roles in deepening financial services, strengthening market trust, and supporting long-term strategic investments. He also praised Federal Government reforms and policies, under the leadership of the Central Bank of Nigeria, which have contributed to macroeconomic stability through moderated inflation, stable foreign reserves, and gradual reductions in interest rates.
Mr. Oluropo Dada, speaking for the institute, lauded Lagos State for its leadership in capital market participation and domestic investment. He highlighted the use of innovative financial instruments to fund major projects such as the Blue Line and Red Line rail initiatives.
Dada reiterated the institute’s support for the Lagos International Financial Centre and commended the state’s efforts to create an environment that encourages investor confidence, economic productivity, and long-term financial sustainability. He emphasized Lagos’ critical role as Nigeria’s financial and commercial hub and the importance of collaboration between government and professional institutions to promote sustainable growth and global investment readiness.
