Lagos, March 6, 2025 – The federal government is committed to ensuring that Nigeria once again becomes a top investment destination.
President Bola Tinubu said this while laying the foundation for the new 40-storey headquarters of the FirstBank Group in Eko Atlantic City in Lagos on Wednesday.
The president, who was represented by Vice President Kashim Shettima, said his administration was fostering an environment where significant investment and transformative projects could thrive through bold economic reforms.
He said that his administration was also committed to exploring strategic public-private partnerships and infrastructure development to facilitate the development of structures and institutions that symbolise Nigeria’s ambition and progress.
“Today we lay the foundation for a monumental structure in Nigeria’s financial landscape, the First Bank iconic tower, a symbol of our nation’s progress and ambition.
“This tower will stand as a testament to our economic strength and vitality. The tower, which will be the tallest building in West Africa at 40 stories upon completion, is a symbol of confidence in our country’s future.
“For 130 years, FirstBank has been a pillar of our economy, empowering businesses, supporting families, and driving financial innovation.
“FirstBank has extended its reach from Lagos to London and all around major financial centres worldwide, proudly flying Nigeria’s flag on the global stage.
“This tower will symbolise ambition and excellence in Eko Atlantic, an investment that consolidates Lagos as a leading financial hub and showcases the dynamism of Nigeria’s private sector.”
“As president, I reaffirm our unwavering commitment to fostering an environment where significant investment and transformative projects like this can thrive through bold economic reforms, strategic public-private partnerships, and infrastructure development.
“We are ensuring that Nigeria once again becomes the top destination for investment.
“Beyond the scale of this project, we must remember that the people are what made FirstBank iconic. FirstBank’s customer base reflects the heart of Nigeria itself.
“Millions of men and women and children, small businesses, and MSMEs are the very backbones of our economy. FirstBank has woven itself into the social fabric of the country. It is a bank that has worked hand in hand with generations of Nigerians, driving economic progress.
“The symbolism of the elephant in its corporate identity speaks to our nation’s character. Elephants are strong, resilient, wise, and nurturing, carrying the wisdom of generations as they lead their herds,” Tinubu said.
Gov. Babajide Sanwo-Olu, said First Bank as usual, had led the way with the construction of the massive building as its head office in Lagos.
He commended Femi Otedola, the Chairman of the Board of the bank, the board members as well as well as the Governor of the Central Bank of Nigeria for the approval of the building.
The governor presented the certificate of approval for the commencement of the building. (GBN)
