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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.
Abuja is the capital and sixth most populous city of Nigeria. Situated in the middle of the country within the Federal Capital Territory (FCT), it is a planned city built mainly in the 1980s based on a master plan by International Planning Associates (IPA), a consortium of three American planning and architecture firms made up of Wallace, Roberts, McHarg & Todd as the lead, Archi systems International, and Planning Research Corporation. The Central Business District of Abuja was designed by Japanese architect Kenzo Tange. It replaced Lagos, the country's most populous city, as the capital on 12 December 1991.
Lagos, or Lagos City, is a large metropolitan city in southwestern Nigeria. With an upper population estimate of 21 million, it is the largest city in Nigeria, and the most populous urban area on the African continent. Lagos was the national capital of Nigeria until the government's December 1991 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 a significant influence on commerce, entertainment, technology, education, politics, tourism, art, and fashion in Africa. Lagos is also among the top ten of the world's fastest-growing cities and urban areas. A megacity, it has the fourth-highest GDP in Africa, and houses one of the largest and busiest seaports on the continent. 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 Nigerian states, it is the second most populous state but the smallest in area. Bounded to the south by the Bight of Benin and to the west by the international border with Benin for 10 km, Lagos State borders Ogun State to the north for about 283 km, 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 is the largest city of the West-African country of Nigeria, and its former capital; it is the largest city in Africa in terms of population with about 15.3 million people. It is also the 4th largest economy in Africa.
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.
The Red Dragon Centre is an indoor entertainment complex in southern Cardiff, the capital of Wales. It was originally known as the Atlantic Wharf Leisure Village when it opened in August 1997. The complex features restaurants, cafés, a Hollywood Bowl bowling alley with arcade amusements, an Odeon multiplex cinema, a casino and an on-site car park.
Responsibility of water supply in Nigeria is shared between three (3) levels of government – federal, state and local. The federal government is in charge of water resources management; state governments have the primary responsibility for urban water supply; and local governments together with communities are responsible for rural water supply. The responsibility for sanitation is not clearly defined.
Eko Atlantic, officially Nigeria International Commerce city, also known as Eko Atlantic City, is a planned city in Lagos State, Nigeria, being constructed on land reclaimed from the Atlantic Ocean. Upon completion, the new peninsula is anticipating at least 250,000 residents and a daily flow of 150,000 commuters. The development is also designed to help in stopping the erosion of Lagos city's coastline.
YTL Arena Bristol is a proposed 19,000-capacity indoor arena, to be located at the former Filton Airfield’s Brabazon hangar.
The KJC King Dome is a multipurpose indoor arena currently under construction in Davao City, Philippines. With a planned seating capacity of 75,000, the structure will be the largest indoor arena in the world if completed surpassing the 55,000-capacity Philippine Arena in Bocaue.
Lekki is a city in Lagos State, Nigeria. It is located to the south-east of Lagos city. Lekki is a naturally formed peninsula, adjoining to its west Victoria Island and Ikoyi districts of Lagos, with the Atlantic Ocean to its south, Lagos Lagoon to the north, and Lekki Lagoon to its east; however, the city's southeast, which ends around the western edge of Refuge Island, adjoins the eastern part of Ibeju-Lekki LGA.
The Azura-Edo Power Station is a natural gas-powered open cycle electricity generation plant, with a current operational capacity of 461 megawatts, located in Benin City in Nigeria. This is the first phase of a three-phase construction project of a combined cycle gas plant with planned capacity of 1,500 megawatts.
Africa Finance Corporation (AFC) is a pan-African Multilateral Development Financial Institution established in 2007 by sovereign African states to provide pragmatic solutions to Africa's infrastructure deficit and challenging operating environment. The Corporation bridges the infrastructure investment gap through the provision of debt and equity finance, project development, technical and financial advisory services.
The Nigerian Capital Development Fund (NCDF) is an organization dedicated to impact investing and promoting economic development in Nigeria. Established with the aim of fostering a resilient entrepreneurial ecosystem, NCDF provides essential support, capital, and resources to entrepreneurs, start-ups, and early-stage businesses. The organization's efforts are focused on facilitating job creation, product development, market expansion, and overall economic growth within the country.
Segun Adebutu is a Nigerian businessman, economist and philanthropist. He has business interests in oil and gas, shipping, mining, construction, real estate, agriculture and entertainment. He is the chairman and CEO of Petrolex Oil and Gas, a company presently building the second largest refinery in sub-Saharan Africa.
Harry Tomi Davies is a Nigerian British investor, speaker, author, entrepreneur, philanthropist and advisor to technology companies. He is the chief executive officer of TVCLabs, a technology business accelerator based in Lagos, and the founding president of the African Business Angel Network (ABAN), a network of individuals and organisations who invest in and mentor African startups. He has a wealth of experience in IT, consulting, and innovation, and has worked with global brands such as IBM, Marks & Spencer, Ernst & Young, and Sapient. He is also a public speaker who inspires audiences with his insights, stories, and strategies for driving business success in Africa.
Wofai Samuel is an international communications executive and media personality from Nigeria.
Titi Ogufere is a Nigerian interior designer, critical design thinker and publisher at Essential Media Group. She is the Creative Director at Essential Interiors Consultancy, a pioneer interior designing company in Nigeria. The award-winning practice was set up in 2002 and has since established an international identity with a wide variety of projects that are context-specific, innovative, experimental, critical and theoretical.
The Lagos Food Security Systems and Central Logistics Park is a logistics centre under construction in Ketu-Ereyun, between Epe and Ikorodu. When completed, it will be the largest food logistics centre in sub-Saharan Africa.
References
- 1 2 Rubin, Hannah (26 February 2024). "Africa's First Purpose Built Entertainment Arena Set To Open In Lagos, Nigeria". Live Nation Entertainment. Retrieved 21 March 2024.
- ↑ "LAGOS ARENA". World Architecture Community. Retrieved 21 March 2024.
- ↑ Agency, Bird Story (27 February 2024). "New Lagos arena marks growing investment in sports and entertainment sectors - The African Mirror" . Retrieved 21 March 2024.
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