Irele Tower has opened at Lagos Free Trade Zone (LFTZ) as the Lekki corridor expands 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 LFTZ 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 per cent less energy and 46 per cent 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 LFTZ continues to support industrialisation, job creation and economic diversification.

Managing Director of LFTZ Company, Adesuwa Ladoja, 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 workspace has increased alongside investor interest in the Lekki axis.

Managing Director and Chief Executive Officer of First City Monument Bank (FCMB), Yemisi Edun, said the bank’s early backing of the project reflects confidence in the long-term potential of the zone.

She added that Irele Tower demonstrated coordinated financing and development and that FCMB remains positioned to support growth following its recapitalisation.