The Deputy Governor of Lagos State, Dr Obafemi Hamzat, has emphasised the importance of pri-vate sector investments in stimulating economic activities, creating opportunities and strengthen-ing the country\u2019s financial services sector.\n<\/p>\n
He said this on Tuesday at the inauguration cere-mony for Canary Point Holding Limited\u2019s new headquarters in Lagos.\n<\/p>\n
\u201cCollaboration between the government and pri-vate sector institutions could help develop practi-cal financing solutions that would make home-ownership more accessible, particularly to low- and middle-income earners,\u201d he stated.\n<\/p>\n
Hamzat lauded Canary Point Holding\u2019s tremen-dous growth and expanding investment portfolio across multiple business chains, describing its de-velopment as a testament to entrepreneurial vi-sion, strategic expansion and the capacity of in-digenous businesses to contribute meaningfully to economic growth.<\/p>\n
He acknowledged the firm\u2019s contributions to the Lagos State and national economies,<\/p>\n
The deputy governor, who is the governorship candidate for the ruling All Progressives Congress in Lagos for the 2027 election, urged the group to sustain its impressive growth trajectory by deep-ening investments in technology and cybersecuri-ty, stressing that innovation, digital resilience and the protection of financial transactions were in-creasingly critical to the competitiveness and sus-tainability of modern financial institutions.\n<\/p>\n
He also noted that the Lagos State Government was ready to explore a partnership with Canary Point Holding in the mortgage and real estate sec-tors to help residents access affordable housing.<\/p>\n
Hamzat further challenged the company to em-brace healthy internal competition among its sub-sidiaries, encouraging each business unit to strive for excellence, improve performance and become the best version of itself.\n<\/p>\n
He emphasised that the group\u2019s long-term success would depend not only on its ability to expand but also on its capacity to continually improve service delivery, strengthen operational efficiency and de-velop solutions that respond to the changing needs of customers. <\/p>\n
Also, the Group Managing Director of Canary Point Holding, Mr Idris Ibrahim, said the group\u2019s devel-opment had been shaped by a simple but enduring principle: understanding the needs behind finan-cial transactions and building the capabilities to address them.\n<\/p>\n
\u201cBehind every transaction is a person or a busi-ness trying to achieve something,\u201d Idris said, re-flecting on the early lessons that informed his en-trepreneurial journey.\n<\/p>\n
He explained that his experience at Sebastian Bu-reau de Change revealed that customers\u2019 foreign exchange transactions often served broader eco-nomic purposes, ranging from paying overseas suppliers and school fees to supporting family members across borders.\n<\/p>\n
According to Ibrahim, these relationships exposed opportunities beyond foreign exchange and in-formed the establishment of Swift & Allied Part-ners Limited in 2014 to provide lending services.\n<\/p>\n
In 2016, the group established Nairagram to de-velop an Africa-owned payments network with global reach.<\/p>\n
The business currently facilitates payments across 37 African countries and operates with licences in Nigeria, the United States, the United Kingdom and Canada.\n<\/p>\n
In 2018, it acquired Assets Microfinance Bank and began transforming it into a digitally enabled bank.\n<\/p>\n
In a keynote address, Senator Tokunbo Abiru, Chairman of the Senate Committee on Banking, who was represented at the event by Senator Abass Iya from Adamawa State, lauded Canary Point Holding Limited for its contributions to the financial services and technology sectors.\n <\/p>\n
Source: <\/p>\n
The Deputy Governor of Lagos State, Dr Obafemi Hamzat, has emphasised the importance of pri-vate sector investments in stimulating economic activities, creating opportunities and strengthen-ing the country\u2019s financial services sector.… <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-2029","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/2029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=2029"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/2029\/revisions"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=2029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=2029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=2029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}