The Governor of Lagos State, Mr Babajide Sanwo-Olu, has encouraged investors to take advantage of the state’s improving business environment, noting that Lagos currently leads the national ease of doing business rankings.
He said Lagos had been ranked Nigeria’s number one investment destination in the latest Subnational Ease of Doing Business report with 85.6 per cent by the Presidential Enabling Business Environment Council, PEBEC, which showed that the state is the best place to invest in Nigeria.
Governor Sanwo-Olu spoke on Monday at the official unveiling of the new TY Logistics Park, FZE, a state-of-the-art trade and warehousing complex located in the Alaro City, Lagos, marking a significant boost to Nigeria’s logistics and supply chain infrastructure.
The facility, commissioned by Governor Sanwo-Olu in the company of Governor Agbu Kefas of Taraba State, is a 29,000-square-metre purpose-built logistics hub equipped with advanced warehouse management systems. It would enhance the movement of goods across Nigeria and West Africa.
Speaking at the event, Governor Sanwo-Olu applauded TY Holdings for its continued corporate responsibility and investment confidence in Lagos and described the project as a development that would permanently sit in the economic story of Lagos and Nigeria.
He said the project reflected the transformation of Alaro City into one of Sub-Saharan Africa’s preferred industrial destinations and aligns with Lagos’ push to modernise logistics, attract foreign investment and accelerate economic growth.
Governor Sanwo-Olu also highlighted ongoing infrastructure projects supporting trade within the Lekki industrial corridor, including plans for a road linking Lekki Port, Dangote Refinery and Alaro City, aimed at reducing traffic on Lekki Expressway.
He said Lagos is currently building the largest food logistics hub in West Africa and expanding critical infrastructure to support businesses around the Lekki industrial corridor.
Speaking earlier, Governor Kefas commended the initiative and expressed pride in his state’s participation, describing the project as a deliberate effort to advance development and economic progress in Nigeria.
He said the project strengthened ties between Taraba and Lagos, especially in ongoing partnerships to move agricultural produce from Taraba to Lagos markets and processing hubs
In his address, the Chairman of TY Logistics Park, Theopilous Danjuma Jr, said the vision for the project began four years ago when his father, Lt General Theophilus Danjuma (retired), approved investment into the land, with a goal to build a modern logistics solution that meets international trade standards to support trade across Nigeria and West Africa.
He noted that the facility would provide contract logistics, digitalised warehouse operations, and end-to-end supply chain solutions for electronics, auto parts, pharmaceuticals, fashion and other sectors.
The unveiling ceremony was attended by renowned billionaire and retired Army Lt General Theopilous Danjuma, his wife, Senator Daisy Danjuma, traditional rulers, religious and political leaders, diplomats, industrial leaders and executives from Alaro City and the Lekki Free Zone, among others.
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