Irele Tower has opened at Lagos Free Trade Zone, adding office capacity as the Lekki corridor expands and Nigeria attracts new investment, with a focus on resource-efficient design.

The nine-storey development delivers about 12,000 square metres of office and retail space within the zone, positioning Lagos Free Trade Zone to meet rising demand from local and international firms seeking proximity to port, logistics and industrial infrastructure.

Designed as an EDGE-certified building by the International Finance Corporation (IFC), Irele Tower incorporates measures to reduce operating impact and costs. The building is engineered to use about 26% less energy and 46% less water than conventional structures, alongside features aimed at improving indoor environmental quality for occupiers.

Lagos State Governor Babajide Sanwo-Olu said the project reflects the state’s infrastructure-led growth strategy and its drive to strengthen Lagos as an investment destination, adding that the Lagos Free Trade Zone continues to support industrialisation, job creation and economic diversification.

Adesuwa Ladoja, Managing Director of Lagos Free Zone Company, said the tower aligns with the zone’s focus on building an integrated business environment anchored on infrastructure, location, and logistics. She added that demand for high-quality, efficient workspaces has increased alongside investor interest in the Lekki axis.

Yemisi Edun, Managing Director and Chief Executive Officer of First City Monument Bank (FCMB), said the bank’s early backing of the project reflects confidence in the long-term potential of the zone. She added that Irele Tower demonstrates coordinated financing and development, and that FCMB remains positioned to support growth following its recapitalisation.

The Lagos Free Trade Zone continues to evolve as a hub linking industry, trade, and services. The addition of Irele Tower expands its commercial footprint while advancing the adoption of sustainable building standards in the corridor.

•PHOTO: From left: MD/CEO, First City Monument Bank (FCMB), Yemisi Edun; Managing Director, Lagos Free Zone Company, Adesuwa Ladoja; Governor Babajide Sanwo-Olu of Lagos State; Chairman, Lagos Free Zone Company, Abiodun Dabiri; Deputy Chief of Staff to the Lagos State Governor, Sam Egube and Zone Director, Lagos Free Zone, Binay Saraf, at the commissioning of Irele Tower at the Lagos Free Zone, Ibeju-Lekki, recently.

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