The Lagos State Government has officially granted approval to FirstBank Group for the construction of its state-of-the-art, eco-friendly headquarters in Eko Atlantic City.
Governor Babajide Sanwo-Olu presented the certificate of approval during a groundbreaking ceremony held on Wednesday, marking the commencement of what will be Nigeria’s tallest building.
The 40-storey edifice, described as an architectural and engineering marvel, is set to redefine standards in the financial services sector across Africa. Designed with cutting-edge technology and sustainability in mind, the project will incorporate green-certified features to enhance energy efficiency and environmental conservation.
Speaking at the event, Governor Sanwo-Olu commended FirstBank for its visionary leadership in the industry and praised the developers of Eko Atlantic City for their role in shaping a modern urban landscape in Nigeria.
“FirstBank, as always, has taken the lead,” Sanwo-Olu stated. “I want to thank the visionaries behind Eko Atlantic City for creating a model city that will serve as a benchmark for Africa. Mr. Femi Otedola, well done to you, your board, and management. I also appreciate the Central Bank of Nigeria for granting the necessary approvals. We look forward to similar approvals for other financial institutions, as there is ample space for growth.”
The high-profile ceremony was attended by Vice President Kashim Shettima, Ogun State Governor Dapo Abiodun, Ondo State Governor Lucky Aiyedatiwa, business mogul Aliko Dangote, Chagoury Group co-founders Gilbert and Roland Chagoury, Dr. Deji Adeleke, Tunde Folawiyo, former Senate President Bukola Saraki, and other distinguished dignitaries.
FirstBank described the new headquarters as a transformative milestone that underscores its commitment to innovation, sustainability, and customer satisfaction. The project aligns with the bank’s vision of setting new benchmarks in the financial sector while fostering economic growth and development.
“The groundbreaking ceremony marks the beginning of a journey that reinforces our dedication to excellence,” said Olusegun Alebiosu, CEO of FirstBank Group. “Our new head office is envisioned as a world-class structure that reflects our values of innovation, customer satisfaction, and sustainability. We are confident this development will contribute significantly to economic progress, creating long-term value for all stakeholders.”
With over 130 years of legacy, FirstBank has maintained its leadership in the Nigerian financial sector while expanding its footprint internationally. The bank operates subsidiaries in nine countries across three continents, demonstrating its global reach and influence.
Chairman of First HoldCo, Femi Otedola emphasized the importance of collaboration in realizing the ambitious project.
“Today’s event highlights the essential role of partnership and support from various stakeholders in bringing our vision to life,” Otedola said. “We deeply appreciate the unwavering support of our customers and partners as we work towards establishing a headquarters that represents excellence and progress.”
The FirstBank headquarters at Eko Atlantic City is expected to serve as a landmark development, reinforcing Nigeria’s status as a financial hub in Africa while contributing to the sustainable transformation of the country’s urban landscape.
