The Federal Government has officially endorsed the establishment of the Lagos International Financial Centre (IFC) to position Nigeria as a top-tier global financial hub.
At a high-level meeting with EnterpriseNGR, Citi UK, and Lagos State officials, Minister of Finance Wale Edun reaffirmed the government's commitment to economic stability and investment growth.
He highlighted the success of Nigeria's US dollar domestic bond as a sign of investor confidence.
Edun likened Lagos' transformation to London's "Big Bang" financial reforms, emphasizing its potential with the right institutional support.
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EnterpriseNGR Chairman Aigboje Aig-Imoukhuede stressed collaboration between federal and state authorities and private sector leadership in attracting global capital.
Lagos State Commissioner for Finance, Abayomi Oluyomi, detailed the state's readiness, citing the Lagos State Development Plan and the Lagos IFC Council.
Citi UK's Anna Rogers praised the initiative, stressing the need for investor-friendly policies.
With strong government backing, private sector involvement, and international collaboration, Lagos is on track to becoming a world-class financial centre, strengthening Nigeria's role in global finance.
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