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 has 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, showing that the State is the best place to invest in the country.
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 in Alaro City, Lagos. The commissioning marks a major milestone for Nigeria’s logistics and supply chain infrastructure.
The facility, commissioned by Governor Sanwo-Olu alongside Governor Agbu Kefas of Taraba State, is a 29,000 square metre purpose-built logistics hub equipped with advanced warehouse management systems designed to improve the movement of goods across Nigeria and the West African region.
Speaking at the event, Governor Sanwo-Olu applauded TY Holdings for its corporate responsibility and investment confidence in Lagos. He described the project as a development that would permanently sit in the economic story of Lagos and Nigeria. According to him, the project reflects the transformation of Alaro City into one of Sub-Saharan Africa’s preferred industrial destinations and aligns with Lagos’ focus to modernise logistics, attract foreign investment and accelerate economic growth.
The Governor also highlighted ongoing infrastructure projects supporting trade within the Lekki industrial corridor. He mentioned plans for a road linking Lekki Port, Dangote Refinery and Alaro City to ease pressure on the Lekki Expressway. He added that Lagos is building the largest food logistics hub in West Africa and expanding critical infrastructure to support businesses in the area.
Speaking earlier, Taraba State Governor Agbu Kefas commended the initiative and expressed pride in his state’s participation. He described the project as a deliberate effort to advance development and economic progress in Nigeria. He said the project strengthens ties between Taraba and Lagos, especially through ongoing partnerships to move agricultural produce from Taraba to Lagos markets and processing hubs.
In his address, Chairman of TY Logistics Park, Theophilus 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. He explained that the goal was to build a modern logistics solution that meets international trade standards and supports commerce across Nigeria and West Africa.
He noted that the facility will provide contract logistics, digital warehouse operations and end-to-end supply chain services for electronics, auto parts, pharmaceuticals, fashion and other sectors.
