By Our Reporter
Lagos State has been named among the top 10 performing states in Nigeria’s ease of doing business.
The others are: Kaduna, Oyo, the Federal Capital Territory (FCT), Ogun, Enugu, Plateau, Ekiti, Kano and Nasarawa.
The ranking is contained in the 2025 Subnational Ease of Doing Business Report, which shows that states implementing reforms had recorded up to 40 per cent reduction in business registration timelines, over 30 per cent improvement in land administration efficiency, and notable progress in digital service delivery and dispute resolution.
The Director-General of the Presidential Enabling Business Environment Council (PEBEC), Princess Zahrah Mustapha Audu, made this known at a roundtable with members of the diplomatic community and strategic partners in Abuja, saying that the results demonstrated that sustained reforms were producing measurable outcomes across the states.
"These achievements are not abstract metrics, they are signals to investors that Nigeria is becoming more predictable, more transparent, and more competitive," she said.
Lagos State Governor, Mr. Babajide Sanwo-Olu, in his reaction, said the ranking was the result of deliberate efforts by his government to create a positive environment for local and foreign investments, not just to thrive but to ensure good returns.
He assured that the state government would continue to push for more investments and make Lagos State a truly business-friendly place.
"This is the result of deliberate efforts by our government to create a positive environment for local and foreign investments, not just to thrive but to ensure good returns. We will continue to push for more investments and make our state a truly business-friendly place," he said.
The event, held in collaboration with the British High Commission, UKAID and other partners, focused on connecting investment capital to the country’s top-performing states.
Audu noted that while progress had been made, the key challenge is ensuring that reforms translate into practical results for investors and businesses.
"As important as progress is, progress alone is not enough. The real question before us is this: can reforms translate into results? Can they deliver faster permitting processes, clearer regulatory pathways, and efficient capital deployment? Because ultimately, capital flows where certainty grows," she said.
PEBEC is concentrating on three major areas, including improving the quality and coordination of regulations to ensure policies were practical and transparent, enhancing service delivery through platforms, such as ReportGov which allows real-time feedback on business challenges, and deepening reforms at the state level where most business activities take place.
Also speaking, the Minister of Budget and Economic Planning, Senator Abubakar Bagudu, said Nigeria’s ambition to build a $1 trillion economy would depend largely on the role of states and the private sector.
"We feel confident that with that mindset, led by the private sector, we can create a $1 trillion economy, supported by the response that our economy has experienced to doing what is right,” he said.
Lagos State Governor, Mr. Babajide Sanwo-Olu, in his goodwill message, said the ranking was the result of deliberate efforts by his government to create a positive environment for local and foreign investments, not just to thrive but to ensure good returns.
Governor Sanwo-Olu, who was represented by the State Commissioner for Commerce, Cooperatives, Trade, and Investment, Mrs. Folashade Bada, said Lagos’ position among the top performers is the result of deliberate and sustained reforms.
He assured that the state government would continue to push for more investments and make Lagos State a truly business-friendly place.
"This is the result of deliberate efforts by our government to create a positive environment for local and foreign investments, not just to thrive but to ensure good returns. We will continue to push for more investments and make our state a truly business-friendly place," he said.
"Our position is not accidental. It is the outcome of sustained institutional reforms, policy discipline, and a clear recognition that capital flows where there is clarity, confidence, and continuity,” the governor said.
Governor Sanwo-Olu disclosed that Lagos contributes more than 30 per cent of Nigeria’s Gross Domestic Product (GDP) and accounts for over 60 per cent of the country’s commercial and industrial activities.
The governor said the state’s long-term development strategy, anchored on the Lagos State Development Plan 2052, was designed to ensure continuity in economic transformation across different administrations.
He added that the Lagos State Industrial Policy 2025–2030, which would soon be launched, is aimed at promoting a production-driven and export-oriented economy.
According to him, reforms in land administration, construction permits and tax systems have improved transparency and reduced delays for businesses, saying that the digital platforms introduced by government agencies had made processes more efficient, with low-risk construction permits now processed within 15 working days.
Speaking further, Governor Sanwo-Olu said Lagos had also invested heavily in infrastructure, including fibre-optic networks, transport systems and logistics, to support economic activities and attract investors.
According to him, the state has developed a strong public-private partnership framework that ensures projects are structured to international standards, with clear risk-sharing arrangements and predictable processes for investors.
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