FG Backs Lagos Financial Centre for Q1 2027 Launch

The Federal Government has endorsed the establishment of the Lagos International Financial Centre (LIFC), targeting a launch in Q1 2027. This initiative aims to transform Lagos into a competitive global financial hub and a gateway for international capital into Nigeria and Africa.

The support follows the inaugural meeting of the LIFC National Steering Committee on September 2, 2026, where President Bola Ahmed Tinubu's endorsement was affirmed as a strategic national economic priority. The Federal Government will address essential legal, fiscal, regulatory, immigration, investment promotion, and digital infrastructure requirements.

The initiative, originally driven by the Lagos State Government in partnership with EnterpriseNGR, has involved extensive consultations over two years. The National Steering Committee, inaugurated by Secretary to the Government of the Federation, Senator George Akume, includes senior representatives from key Federal institutions.

Governor Babajide Sanwo-Olu described the LIFC as “strategic national infrastructure,” emphasizing its importance beyond Lagos.