FG Launches Committee for Lagos International Financial Centre

The Federal Government of Nigeria inaugurated the National Steering Committee for the Lagos International Financial Centre (LIFC) Initiative on Wednesday in Abuja. The committee was inaugurated by the Secretary to the Government of the Federation, Sen. George Akume.

The LIFC is aimed at deepening Nigeria’s capital markets, attracting both domestic and foreign investments, promoting financial innovation, and strengthening the financial ecosystem for sustainable economic growth. President Bola Ahmed Tinubu has endorsed the LIFC Initiative as a strategic national economic priority.

The committee includes key representatives from the Federal Government, Lagos State Government, and private sector stakeholders to address critical policy, legal, regulatory, institutional, and infrastructure issues. The committee's leadership comprises Sen. George Akume as Chairman, Lagos State Governor Babajide Sanwo-Olu as Co-Chairman, and other notable members such as the Honourable Minister of Finance Taiwo Oyedele and the Governor of the Central Bank of Nigeria Mr. Olayemi Cardoso.

Akume urged members to approach their responsibilities with commitment and urgency.