Sanwo-Olu unveils Irele Towers to boost investment in Lagos Free Zone

Lagos State Governor Babajide Sanwo-Olu has officially inaugurated Irele Towers, a new commercial facility within the Lagos Free Zone, marking a significant step in the state’s economic development strategy.

The project, located along the Lekki-Epe expressway, is designed to improve business operations and attract both local and international investors to Lagos.

Speaking at the inauguration ceremony, Sanwo-Olu described the development as a reflection of Lagos’ commitment to innovation, economic growth and global competitiveness.

He praised private sector partners for their role in delivering the project, stressing that collaboration between government and investors remains critical to sustainable development.

According to the governor, the new facility will serve as a strategic hub for businesses operating in the Lagos Free Zone, offering better access to infrastructure and logistics networks.

He highlighted the importance of the building’s proximity to key maritime assets, including the Lekki Port, which positions it as a vital hub for trade and commerce.

Sanwo-Olu said the development will enhance Lagos’ reputation as a leading investment destination, providing an enabling environment for business growth and expansion.

He explained that the name “Irele”, which means humility, reflects the vision of focused and sustainable growth underlying the project.

The governor also commended stakeholders, including Biodun Dabiri, Chairman of Lekki Port, and other private investors, for their contributions to the success of the initiative.

He noted that the Lagos Free Zone continues to play a vital role in shaping the industrial and commercial landscape of the state.

Sanwo-Olu also recognized the efforts made by the project developers to engage host communities, create employment opportunities and promote inclusive development.

He reaffirmed his administration’s commitment to improving infrastructure and policies that foster ease of doing business in Lagos.

Earlier, the Chief Executive Officer of Lagos Free Zone, Adesuwa Ladoja, had described Irele Towers as a world-class commercial and administrative hub within the zone.

He explained that the facility is designed to improve operational efficiency, support industrial activities and contribute to long-term economic growth.

Ladoja added that Lagos Free Zone remains focused on building an integrated business ecosystem that benefits both investors and surrounding communities.