Lagos State Governor, Babajide Sanwo-Olu, has inaugurated Irele Tower, the first commercial building within the Lagos Free Zone, describing the project as a major milestone in the development of the Lekki economic corridor.
The nine-storey structure, located in the Lekki axis, is an EDGE-certified building designed for both office and retail use, with a strong focus on sustainability. It delivers 26 per cent energy savings and reduces water consumption by 46 per cent, aligning with global green building standards.
Speaking at the inauguration, Sanwo-Olu said the project supports his administration’s THEMES agenda, which aims to position Lagos as a modern, investment-driven economy through infrastructure expansion.
He noted that developments like Irele Tower are critical to unlocking the economic potential of the Ibeju-Lekki corridor, especially with key assets such as the Lekki Deep Sea Port and other industrial investments within the zone.“
The commissioning of Irele Tower demonstrates what can be achieved through strong collaboration between the public and private sectors. It enhances the infrastructure profile of the Lagos Free Zone and supports our vision of making Lagos a preferred destination for investment,” the governor said.
Sanwo-Olu added that the state government remains committed to partnerships with private sector stakeholders to drive sustainable urban development, create jobs, and strengthen Lagos’ standing as a leading commercial hub in Africa.
Managing Director and Chief Executive Officer of the Lagos Free Zone, Adesuwa Ladoja, said the project reflects the zone’s commitment to building an integrated business environment supported by modern infrastructure and efficient logistics.
According to her, Irele Tower was developed to meet the growing demand for high-quality commercial spaces, driven by increasing investor interest in the Lekki corridor.
She described the development as a defining milestone in the push to establish a world-class industrial and commercial hub, adding that it sets a new benchmark for workspace quality within the zone.
Irele Tower has a gross floor area of about 12,000 square metres and includes office spaces, retail outlets, parking facilities, shared workspaces, and a rooftop cafeteria designed to support modern business operations.
