Babajide Sanwo-Olu Reaffirms Drive To Position Lagos As Global Investment Hub
By Rashidat Olushola Okunlade
The Lagos State Governor, Babajide Sanwo-Olu, has reaffirmed his administration’s commitment to strengthening the state’s business environment, enhancing security, and boosting investor confidence as part of efforts to position Lagos as a leading global investment destination.
The governor emphasised the ongoing development of the Lagos International Financial Centre (LIFC), a flagship initiative designed to attract foreign direct and portfolio investments while reinforcing Lagos’ status as Africa’s financial gateway.
He noted that the project, backed by President Bola Tinubu, will provide a secure and investor-friendly ecosystem, deepen Nigeria’s capital market, and expand the range of financial instruments available in the country.
Sanwo-Olu made these remarks on Wednesday while receiving delegations from the Chartered Institute of Stockbrokers, led by its President/Chairman, Oluropo Dada, and the Africa CEO of Standard Chartered Bank, Dalu Ajene, during separate courtesy visits at Lagos House, Marina.
During the engagements, the governor reiterated his vision of transforming Lagos into Africa’s economic powerhouse through sustained investments in infrastructure, human capital development, urban safety, and inclusive growth. He stressed that these pillars remain critical to maintaining Lagos’ attractiveness to both local and international investors.
He further highlighted the state government’s strategic use of innovative financial instruments to fund key projects in infrastructure, transportation, and urban development, all aimed at improving the living standards of residents.
Sanwo-Olu commended both the Chartered Institute of Stockbrokers and Standard Chartered Bank for their contributions to strengthening Nigeria’s financial services sector, building investor trust, and sustaining long-term investments in the economy.
The governor also lauded ongoing economic reforms under the Federal Government and the leadership of the Central Bank of Nigeria, noting improvements in macroeconomic stability, including easing interest rates, stable foreign reserves, and controlled inflation—key indicators for sustained economic growth.
Speaking on behalf of the institute, CIS President Oluropo Dada praised Lagos State’s leadership in capital market participation and infrastructure financing. He cited landmark projects such as the Blue Line and Red Line rail systems as evidence of the state’s innovative financing approach.
Dada further commended the Lagos International Financial Centre initiative, reaffirming the institute’s commitment to supporting Lagos in its ambition to become a globally competitive financial hub, while strengthening collaboration between government and financial institutions to drive sustainable economic growth.
