Sanwo-Olu Inaugurates Irele Tower by Lagos Free Zone

The Executive Governor of Lagos State, Mr. Babajide Olusola Sanwo-Olu, has inaugurated Irele Tower, the first commercial building within the Lagos Free Zone — a nine-storey, EDGE-certified development that sets a new standard for sustainable workspace in Lekki, Nigeria’s fastest-growing economic corridor. Irele Tower is designed to host office and retail activities in the Lekki economic corridor.

Speaking during the inauguration ceremony, Sanwo-Olu, described the delivery of the Irele Tower as a significant milestone in the development of the economic zone in line with his administration’s THEMES agenda of making Lagos a 21^st century economy by boosting economic growth to support the state’s developmental plans.

Sanwo-Olu noted that developments such as the Irele Tower are critical to unlocking the full potential of the Ibeju-Lekki axis of the economic zone, particularly given the presence of the Lekki Deep Sea Port and other major industrial investments within the Lagos Free Zone.

He stated that the state government will continue to collaborate with private sector players to drive sustainable urban development, create jobs, and position Lagos as a leading hub for commerce and industry in Africa.

“The commissioning of Irele Tower is a clear demonstration of what can be achieved through strong collaboration between the public and private sectors. This development not only enhances the infrastructure profile of the Lagos Free Zone but also strengthens our vision of making Lagos a premier destination for investment and economic activities. We will continue to support initiatives that promote industrial growth, create employment opportunities, and improve the overall business environment in our state,” he said.

In her remarks, the Managing Director/Chief Executive Officer of Lagos Free Zone, Adesuwa Ladoja, stated that the development reflects the zone’s commitment to creating an integrated ecosystem where businesses can thrive, supported by modern infrastructure, a strategic location, and efficient logistics.

Ladoja explained that the building was conceptualised to meet the growing demand for high-quality commercial spaces within the zone, particularly as investor interest continues to increase following the operationalisation of key projects in the Lekki axis.