Sanwo-Olu woos investors as Lagos tops ease of doing business ranking

File photo: Lagos State Governor Sanwo-Olu

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Lagos State Governor, Babajide Sanwo-Olu, has urged both local and international investors to seize emerging opportunities in the state, citing Lagos’ rising ranking in ease of doing business and major improvements in its investment landscape.

According to a post cited on Lagos State’s X account on Tuesday, Sanwo-Olu made the call during the inauguration of TY Logistics Park, FZE, an ultra-modern warehousing and trade complex located in Alaro City, within the Lekki Free Zone.

The project, developed by TY Holdings, he said represents a significant addition to Nigeria’s logistics and supply chain infrastructure.

The governor said, “Lagos recently clinched the top position in Nigeria’s latest Subnational Ease of Doing Business report released by the Presidential Enabling Business Environment Council (PEBEC), scoring 85.6 per cent and emerging as the country’s best-performing investment destination.

“The new ranking reflects Lagos’ consistent reforms, infrastructure upgrades and deliberate policies designed to make the state the most attractive market for enterprise and innovation.”

Inaugurating the 29,000-square-metre logistics facility alongside Taraba State Governor, Agbu Kefas, Sanwo-Olu praised TY Holdings for its sustained confidence in Lagos and described the development as “a landmark investment that strengthens Lagos’ economic narrative.”

According to him, the project reinforces Alaro City’s transformation into a preferred industrial hub in sub-Saharan Africa, aligning with Lagos’ broader economic agenda to modernise logistics, attract foreign investment and drive sustainable growth.

Sanwo-Olu also highlighted ongoing efforts to improve mobility and trade efficiency within the Lekki corridor, including plans for a dedicated road linking Lekki Port, Dangote Refinery and Alaro City to reduce pressure on the Lekki-Epe Expressway.

He added that Lagos is currently constructing what will become the largest food logistics hub in West Africa.

In his remarks, Kefas commended the initiative and expressed pride in Taraba State’s participation, noting that the project strengthens inter-state economic cooperation, especially in the movement of agricultural produce from Taraba to Lagos processing hubs and markets.

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