The economy of Nigeria is a middle-income, mixed economy and emerging market with expanding manufacturing, financial, service, communications, technology, and entertainment sectors. It is ranked as the 31st-largest economy in the world in terms of nominal GDP, the largest in Africa and the 27th-largest in terms of purchasing power parity.
Nigeria’s transport network has expanded in recent years to accommodate a growing population. The transport and storage sector was valued at N2.6trn ($6.9bn) in current basic prices in 2020, down from N3trn ($8bn) in 2019, according to the National Bureau of Statistics (NBS). This was reflected in a lower contribution to GDP, at 1.8% in the fourth quarter of 2020, down from 2.1% during the same period the previous year but higher than the 0.8% recorded in the third quarter of 2020. One of the most significant challenges facing the sector is meeting the needs of both large coastal cities and rural inland communities in order to fully unlock the country’s economic potential. This is especially the case with mining and agriculture, both of which are expected to benefit from two large-scale projects: the Lekki Port in Lagos and the Kano-Maradi rail line in the north of the country.
Lagos or Lagos City is the most populous city in Nigeria, with an estimated population of 21 million in 2015. The estimated population for Lagos was more than 26 million in 2023; and around 30 million for the Lagos metropolitan area. Lagos is the most populous urban area in Africa. Lagos was the national capital of Nigeria until December 1991 following the government's decision to move their capital to Abuja in the centre of the country. Lagos is a major African financial centre and is the economic hub of Lagos State and Nigeria at large. The city has been described as the cultural, financial, and entertainment capital of Africa, and is a significant influence on commerce, entertainment, technology, education, politics, tourism, art, and fashion. Lagos is also among the top ten of the world's fastest-growing cities and urban areas. The megacity has the fourth-highest GDP in Africa and houses one of the largest and busiest seaports on the continent. The Lagos metropolitan area is a major educational and cultural centre in Sub Saharan Africa. Due to the large urban population and port traffic volumes, Lagos is classified as a Medium-Port Megacity.
Lagos State is a state in southwestern Nigeria. Of the 36 states, it is both the most populous and smallest in area. Bounded to the south by the Bight of Benin and to the west by the international border with Benin, Lagos State borders Ogun State to the northeast making it the only Nigerian state to border only one other state. Named for the city of Lagos—the most populous city in Africa—the state was formed from the Western Region and the former Federal Capital Territory on 27 May 1967.
Lagos Island is the principal and central local government area (LGA) in Lagos, it was the capital of Lagos State until 1957. It is part of the Lagos Division. As of the preliminary 2006 Nigerian census, the LGA had a population of 209,437 in an area of 8.7 km2. The LGA only covers the western half of Lagos Island; the eastern half is simply referred to as Lagos Island East LCDA.
Apapa is a Local Government Area in Lagos, located to the west of Lagos Island. Apapa contains a number of ports and terminals operated by the Nigerian Ports Authority (NPA), including the major port of Lagos State and Lagos Port Complex (LPC).Federal Government
Bayelsa is a state in the South South region of Nigeria, located in the core of the Niger Delta. Bayelsa State was created in 1996 and was carved out from Rivers State, making it one of the newest states in the federation. The capital, Yenagoa, is susceptible to high risk of annual flooding. It shares a boundary with Rivers State to the east and Delta State to the north across the Niger River for 17 km and the Forçados River for 198 km, with the waters of the Atlantic Ocean dominating its southern borders. It has a total area of 10,773 square kilometres (4,159 sq mi). The state comprises eight local government areas: Ekeremor, Kolokuma/Opokuma, Yenagoa, Nembe, Ogbia, Sagbama, Brass and Southern Ijaw. The state is the smallest in Nigeria by population as of the 2006 census. Being in the Niger Delta, Bayelsa State has a riverine and estuarine setting, with bodies of water within the state preventing the development of significant road infrastructure.
Rocky Point Park was an amusement park on the Narragansett Bay shore of Warwick, Rhode Island. It operated from the late 1840s until it closed in 1995. In 1996, the park officially filed for bankruptcy.
The Nigerian Navy (NN) is a branch of the Nigerian Armed Forces. It is among the largest navies on the African continent, consisting of 25,000 personnel as at 2021. Its motto is "Onward Together".
Julius Berger is a Nigerian construction company, headquartered in Abuja, with additional permanent locations in Lagos and Uyo.
Tourism in Nigeria centers largely on events, due to the country's ample amount of ethnic groups, but also includes rain forests, savannah, waterfalls, and other natural attractions. Tourists spent US$2.6 billion in Nigeria in 2015. This dropped to US$1.5 billion in 2017, probably due to the rise of the Boko Haram insurgency of 2015. Nigeria boasts abundant natural resources that encompass diverse tourism and aesthetic attractions, which include, but are not limited to, pristine coastal sandy beaches, picturesque barrier islands, captivating landscapes, biodiversity hotspots, a rich tapestry of cultures, and a welcoming climate. The country's wide array of ecosystems positions it as a promising and highly attractive tourism destination. Recent years have seen a growing acknowledgment of the value of biodiversity in promoting tourism.
Munirudeen Adekunle Muse is a Nigerian politician who was a member of the Nigerian Senate from Lagos Central constituency from 2007 to 2011.
Lagoon Hospitals, is one of the largest healthcare companies in Nigeria.
Bilikiss Adebiyi or Bilikiss Adebiyi-Abiola is a Nigerian entrepreneur who founded the Lagos-based recycling company 'Wecyclers'. She is currently the Director General of the Lagos State Records and Archives Bureau (LASRAB) and Managing Director of the Lagos State Parks and Gardens Agency (LASPARK). She is also a member of the Board of Trustees of the Lagos State Employment Trust Fund.
Folorunsho Coker is a Nigerian businessman, politician and director general of Nigerian Tourism Development Corporation since March 2017. He was formerly the managing director of the number plate production authority of State of Lagos and commissioner for tourism, Arts & Culture and Special Adviser Central Business District in Lagos State. Coker was the chief executive officer of Brown Restaurant and La Casa Group prior to his appointment as commissioner for tourism, Arts & Culture. He was a jury member for the 2nd edition of the Nigerian Travel Awards (NTA). In 1992, Coker was appointed as personal assistant to Senator Bola Ahmed Tinubu, He was later appointed as the Managing Director of the Number Plate Production Authority of State of Lagos. In 2014, he was appointed special adviser on the Central Business District of Lagos to Babatunde Raji Fashola (SAN), then governor of Lagos State. As the DG of NTDC, Coker launched "Tour Nigeria” a project aimed at promoting domestic tourism in Nigeria. Coker also organized “Food Flavor” a festival that showcased Nigerian food and culture and promote the city as a destination for fun, hospitality and relaxation. He initiated the revocation of the NTDC Act of 1992. The new law has been passed to law by the Senate awaiting concurrence from Nigerian House of Representatives. Coker led administration at NTDC also partnered Google Nigeria for the digitization of tourism sights and street view with the hope of deepening the positive digital story of the Nigerian tourism industry. As Commissioner for Tourism, Arts and Culture, in Lagos state, he organized “One Lagos Fiesta” a 5day event held in five different locations in Lagos as a mark of promoting Nigeria culture through music and other forms of entertainment. In 2018, with the partnership of Kano State Government, he initiated the proposed implementation of Kano/Durbar repackaging plan. He also started the repackaging of the Iri Ji Yam Festival, Anambra, Ogidi Ijumu Festival, Kogi and Osun-Osogbo Festival, Osun. He started his education at Corona College Obalende before travelling to UK in 1992 where he attended St. Bees School, Cumbria. He holds a bachelor's degree in combined studies, Economic and Geography from Manchester University. He obtained postgraduates degrees in diplomacy. International trade and finance the University of Westminster where he finished with distinction. In his time as the Director-General of NTDC, P.M. News reported, "The Nigerian Tourism Development Corporation (NTDC) on Wednesday bagged Best Tourism Marketing Agency of the year 2019 at the Gala/Award Night of Tourism Transportation Summit and Expo."
The Lagos Waste Management Authority (LAWMA) is a parastatal of the government of Lagos State responsible for managing waste generated in Lagos State through a waste collection, transportation and disposal structure. The goal of Lagos Waste Management Authority is to improve the environment with the impact of achieving positive and significant change in living conditions regarding health and sanitation.
Apapa Port Complex also known as the Lagos Port Complex is Nigeria's largest and busiest port complex. The complex consist of a number of facilities including Apapa quays, Third Apapa Wharf Extension, Apapa Dockyard, Apapa Petroleum Wharf, Bulk Vegetable Oil Wharf, Ijora Wharf, Kirikiri Lighter Terminal, and Lily pond inland container terminal. Financed and built by the colonial government of Nigeria, It became the nation's busiest port for exporting agricultural produce from the provinces of Western and Northern Nigeria in the late 1920s. Administration was transferred to the Nigerian government upon the granting of self-government and In 2005, the complex was divided into terminals and contracted out to private operators with NPA acting as the landlord and regulator.
Desmond Olumuyiwa Majekodunmi is a Nigerian environmentalist. He is the chairman of the Lekki State Urban Forest and Animal Shelter Initiative (LUFASI), and a radio show host of the Green Hour on Nigeria Info 99.3 FM. Majekodunmi is also an author, a singer and script-writer. In addition to this, he works as a farmer, multi-media engineer/producer, film maker and musician.
The Lagos State Environmental Sanitation Corps (LAGESC) is a government agency that is responsible for facilitating a clean environment in Lagos, Nigeria and to enforce notices such as 'Seal up Notice', 'Demolition Notice' etc.
Lagos State in Nigeria is home to several notable tourist sites. Tourism in Lagos State was first fashioned in 1995 by the Military Administration; ever since then, tourism sites have received thousands of visitors.
