About Lagos
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Economic Development of Lagos
01. Economic Sector and Clusters
- Leading financial center in Nigeria / West Africa
- Leading investment destination in Nigeria accounting for about 92.7% of inflow.
- Leadership in professional and business services.
- Leadership in creative industries
02. Human Capital
- Very open to local and international skilled immigration.
- Great universities - as knowledge factories and magnet for international talent.
- Affordable housing and rented accommodation.
03. Innovation and entrepreneurship
- Openness to global companies.
- Very friendly business environment for SMEs and new ventures.
- Growing sectors include: Creative industries > Professional and business services > Financial services telecoms
04. Physical and virtual infrastructure
- Leading seaport facility in Nigeria
- International and local airports.
- significant investments in public transport infrastructure and BRT.
- Benchmark road traffic control / management institutions.
05. Public and civic institutions
- Strong and stable governance direction.
- Investment in art and public spaces.
- Development of key economic and revenue generating institutions.