Lagos State Governor, Babajide Sanwo-Olu, yesterday inaugurated Irele Tower, the first commercial building in Lagos Free Zone — a nine-storey, EDGE-certified development that sets a standard for sustainable workspace in Lekki, Nigeria’s fastest-growing economic corridor.

Irele Tower will host office and retail activities in the Lekki economic corridor.

The EDGE-certified building is developed as a sustainable “green building” built for efficiency with 26 per cent less energy and 46 per cent less water consumption.

Irele Tower is an eco-friendly building, the design is inspired by maritime architecture, reflecting its proximity to Lekki Deep Sea Port. An innovation of IFC, a member of World Bank Group, EDGE empowers emerging markets to scale up resource-efficient buildings quickly, easily and affordably.

Sanwo-Olu described delivery of Irele Tower as a significant milestone in development of the economic zone in line with his administration’s THEMES agenda of making Lagos a 21stcentury economy by boosting economic growth to support the state’s developmental plans.

Sanwo-Olu noted that developments, such as Irele Tower, are critical to unlocking the full potential of Ibeju-Lekki axis of the economic zone, particularly given the presence of Lekki Deep Sea Port and other major industrial investments in the Lagos Free Zone.

He said the state will continue to collaborate with private sector players to drive sustainable urban development, create jobs, and position Lagos as a leading hub for commerce and industry in Africa.

“The inauguration of Irele Tower is a demonstration of what can be achieved through strong collaboration between public and private sectors. This development not only enhances the infrastructure profile of Lagos Free Zone but also strengthens our vision of making Lagos a premier destination for investment and economic activities. We will continue to support initiatives that promote industrial growth, create jobs, and improve business in our state,” he said.

Managing Director/Chief Executive of the zone, Adesuwa Ladoja, said the development reflects their commitment to creating an integrated ecosystem where businesses can thrive, supported by modern infrastructure, a strategic location, and efficient logistics.

Ladoja said the building was conceptualised to meet the demand for high-quality commercial spaces within the zone, particularly as investor interest continues to increase following the operationalisation of key projects in the Lekki axis.

“The inauguration is a milestone in our journey to build a world-class industrial and commercial hub.’’

’’This development reflects our commitment to providing high-quality infrastructure that supports ease of doing business and enhances operational efficiency for our tenants. As the first commercial tower within the Lagos Free Zone, Irele Tower, sets a new benchmark for quality workspace in this corridor and reinforces our position as a preferred destination for investment and enterprise.” she added.

As the first commercial tower in the Lagos Free Zone, IreleTower blends elegance, functionality, and purpose, designed to facilitate seamless business operations. With a gross floor area of approximately 12,000 square metres, the development offers modern workspaces tailored to evolving business needs. The facility also offers premium amenities, including office spaces, retail outlets, parking facilities, shared workspaces, and a rooftop cafeteria, creating a dynamic, integrated business environment. (The Nation)