The Lagos State Government has signed a Memorandum of Understanding (MoU) with ‘The City UK’ and the UK’s Foreign, Commonwealth and Development Office (FCDO) to advance plans for an International Financial Centre in Lagos. The agreement, facilitated by EnterpriseNGR under the Lagos International Financial Council (LIFC), aims to position Lagos as a global financial hub and drive economic growth.
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Speaking at the signing ceremony on Monday, Governor Babajide Sanwo-Olu reaffirmed his administration’s commitment to realising the project and acknowledged the financial and technical support provided by its international partners.
Co-Chairman of the LIFC, Aigboje Aig-Imoukhuede, praised the governor and his team for their determination in pushing forward the initiative, which is expected to enhance Lagos’ standing as a major financial centre in Africa. The move aligns with broader efforts to attract investment and strengthen Nigeria’s financial sector on the global stage.
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