The Federal Government has endorsed the establishment of the Lagos International Financial Centre (IFC) to position Nigeria as a leading global financial hub.

During a meeting in Abuja with EnterpriseNGR, Citi UK, and Lagos State officials, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, reaffirmed the government’s commitment to macroeconomic stability and investment mobilisation. He highlighted the recent issuance of a US dollar domestic bond as a sign of renewed investor confidence.

Drawing comparisons to London's "Big Bang" financial reforms, Edun emphasised Lagos’ potential to emerge as a competitive financial centre with the right institutional support.

EnterpriseNGR Chairman, Aigboje Aig-Imoukhuede, stressed the need for federal-state collaboration and private sector leadership to attract global capital. Lagos State Finance Commissioner, Abayomi Oluyomi, outlined the state’s readiness, citing the Lagos State Development Plan and the newly established Lagos IFC Council.

Anna Rogers, Citi UK’s Director of International Development, praised the initiative’s coordinated approach, underscoring the importance of investor-friendly policies and regulatory clarity.

With strong government backing, private sector drive, and international cooperation, Nigeria is moving towards making Lagos a world-class financial hub, strengthening its capital markets and global economic influence.