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Lagos, EnterpriseNGR make historic debut in Lord Mayor’s Show to propel state as Africa’s premier financial center

Pioneering collaboration seeks to showcase investment potential, attract global investors, and position Lagos on the global financial stage.

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In a groundbreaking alliance, Lagos State and EnterpriseNGR are set to create history as the first African participants in the 805th procession of the prestigious Lord Mayor’s Show in London. Rooted in their shared vision of positioning Lagos as Africa’s premier financial center, the collaboration marks a significant milestone in Nigeria’s economic journey.

At the forefront of this collaboration is the Lagos International Financial Centre (LIFC) Council, a newly inaugurated body chaired by Mr. Babajide Sanwo-Olu, the Governor of Lagos State. Speaking at the Lagos House in Ikeja, Governor Sanwo-Olu emphasized that their participation in the Lord Mayor’s Show goes beyond pageantry; it’s a strategic move to showcase Lagos on a global platform and attract international investments. The invitation to the show by Professor Michael Mainelli stands as a resounding endorsement of Lagos State’s commitment to excellence and recognition of its growing economic prominence.

The enduring history between Lagos, Nigeria, and the United Kingdom, rooted in a proud Commonwealth partnership since Nigeria’s independence in 1960, sets the stage for fostering diplomatic and economic ties. Governor Sanwo-Olu highlighted the abundant investment opportunities in sectors like oil, finance, technology, agriculture, healthcare, and infrastructure, creating a promising landscape for UK investors.

EnterpriseNGR, serving as the voice of enterprise, aligns its mission with the broader objectives of the LIFC Council. As the Chairman of EnterpriseNGR, Mr. Aigboje Aig-Imoukhuede CON joins Governor Sanwo-Olu as Co-Chair of the Council, emphasizing the catalytic role of transformative change in Nigeria’s financial and professional services sectors. The delegation aims to showcase Lagos as a dynamic, interconnected, and thriving hub for global investments.

Ms. Obi Ibekwe, CEO of EnterpriseNGR, underscored the critical role the organization plays in driving transformative change within Nigeria’s financial and professional services sectors. The inauguration of the LIFC Council, according to her, is a testament to their commitment to fostering strategic partnerships that contribute to the economic prosperity of Lagos and Nigeria.

The LIFC Council’s objective is clear: to align strategic partnerships contributing to the economic prosperity of Lagos and Nigeria by establishing Africa’s premier international financial center in Lagos. EnterpriseNGR’s membership in the World Alliance of International Financial Centers positions them well to ensure global best practices and enhance the competitiveness of the Lagos International Financial Centre.

Lagos, contributing over 30% to Nigeria’s GDP and hosting a vibrant tech ecosystem, has achieved significant milestones in 2023. The delegation, comprising Governor Sanwo-Olu and the LIFC Council, will engage in strategic meetings with key UK-based businesses, investors, government officials, and Nigerians in the diaspora. The overarching message is clear: “Lagos is open for business. Come and invest in Africa’s economic powerhouse.” The delegation expresses gratitude to sponsors Coronation Group, Access Corporation, Lotus Capital, and Wema Bank, reinforcing the vision for Lagos State and underscoring the importance of global partnerships in shaping the future.

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