By Onilede Titi Faith
Lagos State Governor, Babajide Sanwo-Olu, has urged local and international investors to seize the state’s expanding economic opportunities, citing reforms that have improved the ease of doing business.
He made the appeal during the inauguration of TY Logistics Park, FZE, a modern 29,000-square-metre warehousing and trade facility developed by TY Holdings in Alaro City, Lekki Free Zone.
The event was confirmed in a statement on the Lagos State Government’s official X account on Tuesday.
Describing the park as a major boost to Nigeria’s supply chain infrastructure, Sanwo-Olu said it strengthens Lagos’ position as the country’s commercial hub.
He highlighted Lagos’ top ranking in the latest Subnational Ease of Doing Business report by the Presidential Enabling Business Environment Council (PEBEC), with a score of 85.6 per cent.
“Inaugurating this facility shows investors’ confidence in Lagos,” the governor said, noting that it reinforces Alaro City’s emergence as a leading industrial hub in sub-Saharan Africa and aligns with Lagos’ strategy to modernise logistics and attract global investment.
Sanwo-Olu also spoke on plans to ease traffic and boost trade efficiency along the Lekki corridor, including a dedicated route connecting Lekki Port, Dangote Refinery, and Alaro City, as well as the development of West Africa’s largest food logistics hub.
Taraba State Governor, Agbu Kefas, who co-inaugurated the facility, commended the project and pledged to strengthen economic collaboration, particularly in moving Taraba’s agricultural produce to Lagos’ processing centres and markets.
