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  Lagos is Africa’s fifth largest economy with a population of about 23 million people. It has been categorized as the city that never sleeps and has been favourably compared to other A-list cities like New York, London, Cairo, Paris and even Tokyo. Lagos is a large and diverse city with a range of opportunities for businesses of all sizes and types.
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Here are ten cities in Lagos that may be particularly attractive for launching a business:

  • Lagos Island

Lagos Island district - Wanted in Africa
Wanted In Africa
Lagos Island is the historic and cultural centre of the city, and it is home to many of Lagos’ most iconic landmarks and attractions. It is a bustling commercial hub with a large and diverse population, making it an ideal location for businesses that rely on foot traffic and visibility.

  • Victoria Island

Victoria Island, Lagos - Wikipedia
Wikipedia
Victoria Island is a well-developed commercial and residential area that is popular with ex-pats and high-income earners. It is home to many corporate offices and upscale shopping centres, and it is considered one of the most desirable places to live and work in Lagos.

  • Lekki

http://t1.gstatic.com/licensed-image?q=tbn:ANd9GcRv-ZJVMbggZYFaQny-Blln-l77GJ_ZFFo7dAhHWNA0TJ32BjUAmRvsr_P8d4xDIRMs  Lekki is a rapidly growing city located on the Lagos Lagoon. It is known for its upscale residential developments and its many gated communities, making it a popular location for businesses that cater to a higher-income clientele.

  • Ikeja

Property owners decry demolition of Ikeja building — Nigeria — The Guardian Nigeria News – Nigeria and World News
The Guardian NG
 Ikeja is the capital of Lagos State and the seat of government, making it an important centre of business and commerce. It is home to many large corporations, banks, and other businesses, and it is well-connected to the rest of the city by major roads and public transportation.
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  • Yaba

Yaba, Lagos | Area Guide | Facts, Lifestyle, Shopping, Schools and Real Estate
Nigeria Property Centre
Yaba is a bustling and vibrant neighbourhood located just east of Lagos Island. It is known for its many educational institutions and its thriving tech ecosystem, making it an attractive location for businesses in the education and tech sectors.

  • Apapa

Apapa Port Lagos Nigeria - Intels
Intels
Apapa is a major commercial hub located on the Lagos Lagoon. It is home to many ports, shipping companies, and other businesses related to trade and logistics.

  • Surulere

Why Surulere, Ijegun are attractive locations in Lagos - Businessday NG
Businessday NG
Surulere is a diverse and densely populated neighbourhood located in the heart of Lagos. It is home to many small businesses, shops, and restaurants, and it is known for its vibrant nightlife and entertainment scene.
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  • Ikeja GRA

A COMPREHENSIVE REVIEW OF IKEJA GRA | Neighbourhoodreview.com
Neighbourhood Review
 Ikeja GRA (Government Reservation Area) is an upscale residential and commercial area located in the heart of Ikeja. It is home to many embassies, high-end shops, and upscale restaurants, and it is considered one of the most desirable places to live and work in Lagos.

  • Magodo

Magodo residents' worries enter new year as family digs in on 37-year-old struggle for land ownership - Tribune Online
Tribune Online NG
Magodo is a well-developed residential area located in the northern part of Lagos. It is known for its many gated communities and upscale housing developments, making it an attractive location for businesses that cater to a higher-income clientele.

  • Ojodu

Ojodu Berger, Ojodu, Lagos | Area Guide | Facts, Lifestyle, Shopping, Schools and Real Estate
Nigeria Property Centre
Ojodu is a residential and commercial area located in the western part of Lagos. It is home to many small businesses, shops, and restaurants, and it is well-connected to the rest of the city by major roads and public transportation. Featured Image Source:
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This article was first published on 31st December 2022

nnaemeka-emmanuel

Nnaemeka is an academic scholar with a degree in History and International Studies from the University of Nigeria, Nsukka. He is also a creative writer, content creator, storyteller, and social analyst.

Comments (1)

One thought on “Top 10 Cities in Lagos to Launch Your Business and Why”

  • Olu

    This helps me for deciding where to locate my business based on my ideal customer profile.

    Reply

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