Abuja remains Nigeria’s political capital, while Lagos continues to serve as its economic engine, but recent Federal Government decisions have reignited debate over where key institutions should be anchored. 

Contrary to public speculation, the Bank of Industry is not relocating from Abuja to Lagos; Lagos has always been its operational headquarters, with the Federal Executive Council now reaffirming that position. 

On Nigeria Daily, we examine what prompted the renewed focus on BOI, what was discussed at the FEC meeting, and what it means for efficiency, legality, and Nigerians nationwide.