Sanwo-Olu: Tinubu ready to back Lagos financial hub as proposal nears submission

Babajide Sanwo-Olu says a comprehensive proposal for the proposed Lagos International Financial Centre will soon be presented to Bola Tinubu, noting that the president has expressed strong interest in the initiative.

The Lagos governor said Tinubu welcomed updates on the project during the Nigeria Foreign Direct Investment Training Programme at the University of Cambridge, adding that the president recognises the project’s potential and is prepared to provide leadership support.

Writing on X on Tuesday, Sanwo-Olu said Tinubu is enthusiastic about the proposed financial hub and is expecting to review a detailed plan.

According to him, the financial centre is designed to position Nigeria more strategically within the global financial system, stressing that the initiative is of national importance rather than a state-focused project.

Sanwo-Olu said successful implementation would generate employment opportunities, attract investments, and demonstrate Nigeria’s readiness to compete globally.

He also acknowledged partners backing the initiative, including TheCityUK, the Foreign, Commonwealth and Development Office, and EnterpriseNGR, alongside other private sector stakeholders, noting that groundwork on the project has already begun.

The federal government approved the establishment of the financial centre in March 2025 following the inauguration of its governing council on November 3, 2023.

A roadmap outlining the launch of the first phase of the project was unveiled on February 9.