Lagos State Governor, Babajide Sanwo-Olu, has urged both local and international investors to explore the state’s growing investment potential, highlighting Lagos’ rise to the top of Nigeria’s ease of doing business rankings.
The governor made the call during the inauguration of TY Logistics Park, FZE, a state-of-the-art 29,000-square-metre warehousing and trade facility in Alaro City, Lekki Free Zone. The project, developed by TY Holdings, is set to bolster Nigeria’s logistics and supply chain infrastructure.
“Lagos recently clinched the top position in Nigeria’s Subnational Ease of Doing Business report by the Presidential Enabling Business Environment Council (PEBEC), scoring 85.6 per cent, and emerging as the country’s best-performing investment destination,” Sanwo-Olu said.
He added that the ranking reflects Lagos’ consistent reforms, infrastructure upgrades, and deliberate policies aimed at making the state the most attractive market for enterprise and innovation.
Inaugurating the facility alongside Taraba State Governor, Agbu Kefas, Sanwo-Olu praised TY Holdings for its confidence in Lagos, describing the development as “a landmark investment that strengthens Lagos’ economic narrative.”
The governor said the project reinforces Alaro City’s emergence as a preferred industrial hub in sub-Saharan Africa and aligns with Lagos’ broader agenda to modernise logistics, attract foreign investment, and drive sustainable growth.
Sanwo-Olu also highlighted ongoing initiatives to improve mobility and trade efficiency in the Lekki corridor, including a planned dedicated road linking Lekki Port, Dangote Refinery, and Alaro City to ease congestion on the Lekki-Epe Expressway. He further revealed that Lagos is building what will become West Africa’s largest food logistics hub.
Governor Kefas commended the project, emphasizing Taraba State’s role in strengthening inter-state economic cooperation, particularly in the transport of agricultural produce to Lagos processing hubs and markets.
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