In a landmark move, Lagos State and EnterpriseNGR have been invited to participate in the prestigious Lord Mayor’s Show’s 805th procession in London, marking the first time African representatives have been included in this historic event. This invitation serves as a resounding endorsement of Lagos State’s commitment to excellence and its growing economic prominence.
The inauguration of the Lagos International Financial Centre (LIFC) Council, spearheaded by Governor Babajide Sanwo-Olu, signals a bold vision to establish Lagos as the beacon of financial innovation in Africa. The council aims to attract global investors and drive sustainable economic development by aligning strategic partnerships.
Lagos, the economic powerhouse of Nigeria, contributes over 30% to the country’s GDP, accounts for about 60% of its energy demand, and is responsible for 90% of Nigeria’s foreign trade flow. It generates over 50% of Nigeria’s port revenues and boasts a remarkable 70% internally generated state revenue.
Lagos’s dynamic business environment and its vibrant hub for innovation and technology, with a burgeoning tech ecosystem that rivals global counterparts, further cement its position as an investment haven.
Aigboje Aig-Imoukhuede, Chairman of EnterpriseNGR, emphasized the organization’s commitment to incentivize investments that extend beyond financial gains. He highlighted the significance of attracting investments as a catalyst for job creation, sustainable development, and fostering a symbiotic relationship between investors, the state, and communities.
Obi Ibekwe, CEO of EnterpriseNGR, reaffirmed the organization’s dedication to driving transformative change within Nigeria’s financial and professional services sectors. He underscored the importance of strategic partnerships in contributing to the economic prosperity of Lagos and Nigeria.
The LIFC Council’s participation in the Lord Mayor’s Show underscores Lagos’s readiness to embrace global investors and establish itself as Africa’s premier financial center. This delegation marks a pivotal moment in Lagos’s journey to becoming a thriving hub for financial innovation and economic growth.
