The Nature of Lagos State Economy.
Lagos is referred to as the Economic capital, financial and commercial centre of Nigeria.
It was once the Federal Capital Territory of the nation before Nigeria moved its FCT to Abuja.
Despite the move, it is still mostly recognized in the world than Abuja.
Lekki - Ikoyi Bridge.
It is referred to as the economic capital of the country because majority of the companies such as banks and other financial institutions, indigenous and foreign companies have their head offices in Lagos.
Civic Towers and Civic Centre, Victoria Island.
Lagos also has the most busiest and major port in Nigeria, which is divided into three sections; Lagos, Apapa and Tincan Ports.
The seaport is referred to as the busiest port because it handles majority of Nigeria's commodity imports and exports.
The state also has the biggest trade zone in Nigeria which is the Lekki Free Trade Zone.
It was once the Federal Capital Territory of the nation before Nigeria moved its FCT to Abuja.
Despite the move, it is still mostly recognized in the world than Abuja.
Lekki - Ikoyi Bridge. It is referred to as the economic capital of the country because majority of the companies such as banks and other financial institutions, indigenous and foreign companies have their head offices in Lagos.
Civic Towers and Civic Centre, Victoria Island. Lagos also has the most busiest and major port in Nigeria, which is divided into three sections; Lagos, Apapa and Tincan Ports.
Apapa Seaport.
The state also has the biggest trade zone in Nigeria which is the Lekki Free Trade Zone.
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The project was executed as a result of the collaboration between the Nigerian and Chinese governments.
It was created to facilitate foreign trade and also eliminate the barriers to international trade.
The zone had attracted investments from billionaires and businessmen both within and outside Nigeria.
The zone has the presence of a Dangote Oil Refinery and fertilizer plant.
It has also brought about the establishment of the $50 million Chinese manufacturing plant known as Longrich Limited.
Lagos is also referred to as the state that operates a 24 hour economy and it's one of the expensive cities in the world.
The economy and environment of Lagos is business friendly such that, even if it's pure water you sell, if you are serious and determined, you will make enough profits from the business.
A Cloth Seller at Oshodi Market.
There are lots of business and employment opportunities in the state and that's the reason why many Nigerian graduates and businessmen love to move to the city to achieve success in their careers and take their businesses to the greatest level.
Despite the fact that the city produces little or no oil, it still maintains its status as the state that generates the highest internal revenue.
Lagos is the only state that generates more revenue by itself than the oil producing states in Nigeria.
Despite the economic recession of 2016, it still generated the highest revenue more than other states in the country.
It generates over N30 billion in a month and over N300 billion in a year.
The educational institutions in the state include :
1. University of Lagos, Akoka, Yaba.
2. Lagos State University.
3. Yaba College of Technology, Yaba.
4. National Open University, Victoria Island.
5. Nigerian Law School, Victoria Island.
6. Pan African University.
7. Lagos Business School.
8. Federal College of Marine and Fisheries Technology.
9. Caleb University.
10. Lagos City Polytechnic.
11. Wolex Polytechnic.
12. Lagos College of Health Technology.
13. Eko College of Management and Technology, Ikotun.
14. Augustine University, Ilara, Epe.
15. Nigerian Institute of Journalism, Ikeja.
16. Federal College of Education, Akoka.
There are also several recreational centers in Lagos like
1. Omu Resort
2. Coconut Beach, Badagry.
3. Lekki Conservation Centre.
4. Ikeja City Mall.
5. Palms Shopping Mall, Lekki.
6. Banana Island.
7. Nike Art and Gallery Studio.
8. Mega Plaza.
9. Go-Karting and so many other places of interests.
The project was executed as a result of the collaboration between the Nigerian and Chinese governments.
It was created to facilitate foreign trade and also eliminate the barriers to international trade.
The zone had attracted investments from billionaires and businessmen both within and outside Nigeria.
The zone has the presence of a Dangote Oil Refinery and fertilizer plant.
It has also brought about the establishment of the $50 million Chinese manufacturing plant known as Longrich Limited.
Lagos is also referred to as the state that operates a 24 hour economy and it's one of the expensive cities in the world.
The economy and environment of Lagos is business friendly such that, even if it's pure water you sell, if you are serious and determined, you will make enough profits from the business.
A Cloth Seller at Oshodi Market. There are lots of business and employment opportunities in the state and that's the reason why many Nigerian graduates and businessmen love to move to the city to achieve success in their careers and take their businesses to the greatest level.
Despite the fact that the city produces little or no oil, it still maintains its status as the state that generates the highest internal revenue.
Lagos is the only state that generates more revenue by itself than the oil producing states in Nigeria.
Despite the economic recession of 2016, it still generated the highest revenue more than other states in the country.
It generates over N30 billion in a month and over N300 billion in a year.
The educational institutions in the state include :
1. University of Lagos, Akoka, Yaba.
2. Lagos State University.
3. Yaba College of Technology, Yaba.
4. National Open University, Victoria Island.
5. Nigerian Law School, Victoria Island.
6. Pan African University.
7. Lagos Business School.
8. Federal College of Marine and Fisheries Technology.
9. Caleb University.
10. Lagos City Polytechnic.
11. Wolex Polytechnic.
12. Lagos College of Health Technology.
13. Eko College of Management and Technology, Ikotun.
14. Augustine University, Ilara, Epe.
15. Nigerian Institute of Journalism, Ikeja.
16. Federal College of Education, Akoka.
There are also several recreational centers in Lagos like
1. Omu Resort
2. Coconut Beach, Badagry.
3. Lekki Conservation Centre.
4. Ikeja City Mall.
5. Palms Shopping Mall, Lekki.
6. Banana Island.
7. Nike Art and Gallery Studio.
8. Mega Plaza.
9. Go-Karting and so many other places of interests.
This was nicely put together..Kudos to the author of this interesting piece.
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