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See reasons why Lagos is the richest country in Nigeria

mariluv
By mariluv | self meida writer
Published 7 months ago - 238 views

Lagos-by far is the richest city in Nigeria-though being the smallest in land size; created as a federating state in 1967, before then, Lagos had been seat of power for decades. Lagos sits atop $108 billion wealth; in fact, Lagos wealth accounts for one-third of Nigeria total GDP of $375.8 billion. Lagos, the fourth wealthiest city in Africa, is also one of the poorest cities in the world in a country with the largest absolute number of people in poverty.

Lagos, Nigeria’s largest city, sprawls inland from the Gulf of Guinea across Lagos Lagoon. Victoria Island, the financial center of the metropolis, is known for its beach resorts, boutiques and nightlife. To the north, Lagos Island is home to the National Museum Lagos, displaying cultural artifacts and craftworks. Nearby is Freedom Park, once a colonial-era prison and now a major venue for concerts and public events. Lagos was a very dangerous destination for potential tourists, but now it's much safer with the state spending a lot of money on police, security, etc.



Lagos is a major financial centre in Africa; the mega city has the highest GDP, and also houses one of the largest and busiest ports on the continent. As of 2014, the Lagos Metropolitan Area is the largest in Africa and one of the largest in the world . It is known for Business, Commerce & trading. Lagos received a particularly low rank in the category of stability due to "continued threat from groups such as Boko Haram." Kidnapping remains a significant risk, and Lagos state reported the highest number of crimes in the country in 2016. The city also scored poorly on education and health care.

Natural increase is also a reason for Lagospopulation growth. ... The population of Lagos is relatively young hence a high birth rate. Over the next few years, there will be a greater proportion of people living in urban environments than rural areas in Nigeria.

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