Nigeria's Ministry of Finance announced federal endorsement for establishing the Lagos International Financial Centre (IFC), framing it as a step toward positioning Nigeria as a globally competitive financial hub. The endorsement was set out by Minister of Finance and Coordinating Minister of the Economy Wale Edun during an engagement with EnterpriseNGR, Citi UK and Lagos State officials in Abuja. Edun linked the initiative to macroeconomic stability and investment mobilisation, and pointed to the issuance of a USD domestic bond as a signal of renewed investor confidence. Lagos State officials cited the Lagos State Development Plan, the creation of a Lagos IFC Council and an executive order intended to catalyse the initiative, while EnterpriseNGR and Citi UK emphasised federal-state coordination, private sector leadership, investor-friendly policies and regulatory clarity.

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