By SpringNewsNG Media Limited, March 6, 2025

Lagos, Nigeria – President Bola Tinubu, represented by Vice President Kashim Shettima, officially laid the foundation for FirstBank Group’s new eco-friendly headquarters in Eko Atlantic City on Wednesday. This landmark 40-story skyscraper is set to become Nigeria’s tallest building and a game-changer in the financial services industry.

A Symbol of Nigeria’s Progress

Speaking at the groundbreaking ceremony, Shettima emphasized that the FirstBank Tower represents Nigeria’s economic strength and future ambitions. “Today, we lay the foundation for a monumental structure in Nigeria’s financial landscape—the FirstBank iconic tower. This tower will be a testament to our nation’s economic strength and vitality,” he stated. The 40-story structure, set to be the tallest in West Africa, underscores FirstBank’s commitment to innovation and sustainability.

For over 130 years, FirstBank has played a pivotal role in Nigeria’s economy, supporting businesses, families, and financial innovation. With branches in major financial hubs like London and across the world, FirstBank continues to position Nigeria on the global financial map.

Commitment to Sustainability and Innovation

The eco-friendly tower is designed to set new industry standards with its technologically advanced and sustainable construction. The project aligns with Nigeria’s push for green architecture and urban sustainability. Shettima acknowledged the Chagoury Group, developers of Eko Atlantic City, for their contribution to Nigeria’s infrastructural growth.

President Tinubu reaffirmed the administration’s commitment to fostering an environment that attracts significant investments. “Through bold economic reforms, strategic public-private partnerships, and infrastructure development, we are ensuring that Nigeria remains a prime investment destination,” he said.

Lagos Governor Issues Construction Approval

Lagos State Governor, Babajide Sanwo-Olu, presented the official certificate of approval to FirstBank, allowing immediate commencement of construction. “FirstBank has always been a leader, and I commend the visionaries behind this new city. Eko Atlantic will be a model for Africa’s urban future,” Sanwo-Olu remarked.

FirstBank’s Vision for the Future

Olusegun Alebiosu, CEO of FirstBank Group, highlighted that the new headquarters is more than just an architectural masterpiece; it is a commitment to redefining banking for future generations. “This complex will serve as a hub for financial innovation, digital transformation, and operational excellence,” he said.

Femi Otedola, Chairman of FirstHoldCo, expressed gratitude to key stakeholders for their support in making this vision a reality. “This groundbreaking ceremony marks a historic milestone for FirstBank. We remain dedicated to investing in cutting-edge technology, strategic partnerships, and customer-centric innovations,” Otedola affirmed.

High-Profile Attendees

The event was graced by prominent figures including Ogun State Governor Dapo Abiodun, Ondo State Governor Lucky Aiyedatiwa, business moguls Aliko Dangote, Gilbert and Roland Chagoury, Dr. Deji Adeleke, and Tunde Folawiyo. Also in attendance were former Senate President Bukola Saraki, former Delta State Governor James Ibori, and Central Bank of Nigeria Governor Olayemi Cardoso, represented by Deputy Governor Philip Ikeazor.

FirstBank’s Legacy and Global Reach

With over 130 years of banking excellence, FirstBank continues to lead in innovation, customer service, and sustainable practices. The bank operates subsidiaries in nine countries across three continents, reinforcing its position as a global financial powerhouse.

This groundbreaking project solidifies FirstBank’s commitment to Nigeria’s financial sector and economic growth, promising a future of sustainability and innovation in banking.