LAGOS SET TO ESTABLISH INDUSTRIAL INNOVATION ZONE AS STATE ATTRACTS $200M INVESTMENT BOOST
In a strategic move to strengthen its position as West Africa’s economic powerhouse, the Lagos
State Government has announced the establishment of an Industrial Innovation Zone along the
Lekki corridor. This is part of the administration’s renewed push to boost local manufacturing,
technology integration, and industrial productivity.
The announcement was made during a high-level stakeholders’ consultative meeting where the
state also presented its Five-Year Industrial Policy (2025–2030). The policy is expected to guide
sustainable industrial development through public-private partnerships, innovation, and
expanded infrastructure.
Speaking at the event, the Lagos State Commissioner for Commerce, Cooperatives, Trade and
Investment, Mrs. Folashade Ambrose-Medebem, confirmed that over $200 million in investment
has already been secured from the Abu Dhabi Ports Group for the development of infrastructure
and logistics within the proposed zone.
In addition, the Small-Scale Industrial Estate in Gberigbe, Ikorodu, is nearing completion. The
estate, set to host 44 light manufacturing and agro-processing units, is scheduled for
commissioning in Q3 2025.
