Lagos State Governor Babajide Sanwo-Olu on Wednesday approved a request by FirstBank Group to build a 40-storey headquarters in Eko Atlantic City.
Governor Sanwo-Olu presented a certificate of withdrawal to the bank officials at the building groundbreaking attended by prominent figures including Vice President Kashim Shettima, business magnate Aliko Dangote, and FirstBank’s chair, Femi Otedola.
The project aims to set a new benchmark for sustainable banking and architectural excellence in Nigeria.
A landmark development in sustainable banking
FirstBank’s new headquarters will be an eco-friendly marvel, designed with cutting-edge green-certified technology to reduce energy consumption, carbon footprint, and operational costs. The towering structure, set to be Nigeria’s tallest building, reflects the bank’s commitment to innovation, sustainability, and financial sector leadership. The use of smart energy systems, water recycling, and eco-conscious materials will ensure that the building operates efficiently with minimal environmental impact.
Olusegun Alebiosu, CEO of FirstBank Group, highlighted the significance of this milestone, stating, “This project will not only redefine the Lagos skyline but also position us as pioneers in sustainable banking. By integrating green-certified design and smart technology, we are taking a bold step towards a more responsible future.”
Femi Otedola, Chairman of FirstHoldCo, emphasised the importance of collaboration in bringing this vision to life. He expressed gratitude to the bank’s customers and stakeholders for their continuous support, underscoring that the new headquarters will drive economic growth and create long-term value.
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A boost for Nigeria’s financial and economic growth
High-profile government officials, including Lagos Deputy Governor Obafemi Hamzat, Ogun State Governor Dapo Abiodun, and Ondo State Governor Lucky Aiyedatiwa attended the event. Vice President Shettima, representing President Bola Tinubu, reaffirmed the administration’s commitment to fostering a globally competitive financial system.
“Banks are the engines of economic growth,” Shettima shared via X post, “and we owe it to them to champion a system that guarantees sustainability and global competitiveness. Our expectation is for our banks to excel, expand beyond our shores, and earn their place among the world’s most viable and profitable enterprises,”
As construction begins on this landmark structure, expectations are high that it will attract investment, drive employment, and solidify Nigeria’s position in the global banking industry.