LAGOS, Nigeria — In a strategic move to bolster the state’s economic resilience, Governor Babajide Sanwo-Olu has reaffirmed his administration’s commitment to transforming Lagos into a top-tier global investment destination through the Lagos International Financial Centre (LIFC) initiative.
The Governor made this disclosure on Wednesday, February 25, 2026, during a high-level courtesy visit by the leadership of the Chartered Institute of Stockbrokers (CIS), led by its 13th President and Chairman of Council, Mr. Oluropo Dada, at the Lagos House, Marina.
Strengthening the Capital Market
Governor Sanwo-Olu described stockbrokers as the “quiet drivers of the economy,” acknowledging their indispensable role in capital mobilization and financial system stability. He commended the Institute for its consistent support in the state’s successful capital-raising efforts and market listings.
”Our focus remains on creating a secure and favorable climate for international investors,” Sanwo-Olu stated. “The LIFC project, backed by President Bola Ahmed Tinubu, is designed to deepen our capital market and expand the financial instruments available in Nigeria, ensuring Lagos remains Africa’s premier economic hub.”
The Governor further congratulated the CIS on its recent appointment as a lead professional body tasked with delivering financial literacy and inclusion training to 10 million Nigerians—a feat he noted aligns with the state’s “Budget of Shared Prosperity.”
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CIS Pledges Strategic Support
In his remarks, CIS President Oluropo Dada highlighted the Institute’s statutory mandate to advance professionalism and investor confidence. He emphasized that the capital market is vital to achieving Nigeria’s $1 trillion economy goal and pledged the Institute’s full technical support for the LIFC initiative.
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Dada also utilized the visit to brief the Governor on ongoing reforms within the Institute aimed at attracting younger talent into the profession and enhancing the capacity of securities dealers to compete on a global scale.
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High-Powered Delegation
The CIS delegation featured a “who’s who” of the Nigerian financial sector, including:
Mrs. Fiona Ahmed Ahimie, CIS 1st Vice President
Mr. Oluwole Ololade Adeosun, Immediate Past President
Mr. Oluseyi Abe, Past President
Mr. Jude Chiemeka, Managing Director of the Nigerian Exchange Limited (NGX)
The visit concluded with the presentation of an official Lagos State plaque to Mr. Dada, symbolizing the renewed partnership between the state government and the capital market’s primary gatekeepers.
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