Governor Babajide Sanwo-Olu of Lagos, has reaffirmed his administration’s commitment to positioning Lagos as a global financial and investment hub through strategic reforms, infrastructure development, and capital market deepening.
The governor made the remarks during courtesy visits by the Chartered Institute of Stockbrokers, led by Mr. Oluropo Dada, and Mr. Dalu Ajene, Africa CEO of Standard Chartered Bank, at Lagos House, Marina.
According to a statement by Mr. Gboyega Akosile, Sanwo-Olu’s Special Adviser on Media and Publicity, the governor emphasised ongoing efforts to create an enabling business environment, maintain urban safety, and strengthen investor confidence.
Central to his vision is the Lagos International Financial Centre, which aims to attract foreign direct and portfolio investments.
“We are deliberate about building Lagos into a global financial hub,” Sanwo-Olu said.
“The Lagos International Financial Centre will provide a secure and favourable environment for international investors, deepen our capital market, and expand available financial instruments.”
Sanwo-Olu noted that the project has the support of President Bola Tinubu and aligns with broader national economic reforms.
He highlighted ongoing investments in infrastructure, human capital, and urban safety as essential for sustaining investor interest.
The governor commended the Chartered Institute of Stockbrokers and Standard Chartered Bank for their role in deepening financial services and fostering trust in the Nigerian market.
He also lauded federal reforms, including interest rate reductions, stable foreign reserves, and moderated inflation, as critical to maintaining economic growth.
Mr. Dada highlighted Lagos’ leadership in capital market participation and domestic resource mobilisation, noting the state’s innovative use of financial instruments to fund large-scale infrastructure, including the Blue and Red Line rail projects.
Ajene reaffirmed Standard Chartered Bank’s commitment to supporting strategic investments and sustainable economic growth in Lagos and across Nigeria.
The visits underscored Lagos State’s pivotal role as Nigeria’s financial and commercial hub, driven by collaboration between government and professional institutions to enhance capital formation and global investment readiness.
