5 Reasons Why Lagos is Better than Your Best Cities
Lagos is better than its perceived image of a chaotic, noisy and exploitive African city. Africa’s 7th largest economy face some peculiar challenges but possess the telltale of a city on a normal road to economic expansion.
A recent publication by Global accounting and consultancy giant PricewaterhouseCoopers (PwC) scored the Nigerian city ‘not-so-flamboyant’ on human values. It singled out the quality of living, housing, preparedness for natural disaster, operational and workforce management risk, senior well-being, transportation and infrastructure, among others, as the bane of dissent in people’s perspective on the largest metropolitan area in Africa.
Primed for a robust economic growth in 5 to 10 years, many wouldn’t have agreed more with indication that Lagos is a more sustainable city than Dubai. PwC went as far as determining that in their extensive survey.
Traffic congestion in Lagos isn’t that a big deal after all?
It takes some getting used to but Lagos is better. Like in other highly populated cities of the world and, since rush hours can be any hour in Lagos, ‘Lagosians’ snap at a chance to hit the road first, mornings and evenings. Yet they hardly get to use a freeway (in the actual sense of it). Government’s investment in transport services look to be paying off, but there’s need to further encourage patronage by vehicle owners. Back to the PwC report, Mexico City is believed to be the most traffic-congested, followed by Lagos. Further check with online traffic index list doesn’t even include Lagos. Bangkok, Istanbul, Rio de Janeiro and Moscow have long been known for having more cars on the road.
A range of messages can be drawn from the pattern. But most important, a well-functioning city delivers on its responsibility to shared well-being.
Better environment for entrepreneurs
Lagos is considered a better entrepreneurial environment than Mumbai, India; and Rio de Janeiro, Brazil. This was also reflected in the city’s positioning for startups, beating the earlier mentioned three and Jarkata to rank 25th-best on ease of starting business. There is however need to improve staffing risk to minimal as it concerns finding right professionals, talent development and some governmental policies which could be preventing right people from getting the right jobs. These factors are closely related with intellectual capital, technology readiness, health, safety, and security where Lagos really need some drastic improvement, if it were to ever meet the likes of Amsterdam, Singapore, Los Angeles, Paris and Tokyo.
Better waste management
With over 20 million people, Lagos’ population has always portend dangers of environmental effect, but the government’s waste management system has succeeded in keeping a large portion of the city clean. Recent confirmation of oil production in the state is expected to stretch her waste-to-energy efficiency in future.
More jobs in Lagos
Lagos registered the best Job growth out of the 30 cities in review. The Nigerian city also made the top 10 cities projected for a better GDP growth over the next 5-10 years, finishing sixth overall just behind San Francisco, Mumbai, Shanghai, Jarkata and Kualar Lumpur. Internally generated revenue – in form of taxation – has been the bedrock of her economy, as prospect of oil production is expected to attract some targeted investment soon. Improvement in foreign direct investment and productivity is envisioned to follow suit.
Lagos is better in terms of cost competitiveness
If you’ve ever lived in a city where you don’t get to manage your expenses effectively, look here. Assessing basic expenses could be difficult (especially when you consider a variable like purchasing power which, these days, is highly tied to the dollar exchange rate). While some of the world’s revered cities like Paris, New York, London and Shanghai struggle in areas of personal tax and cost of living, Lagos did impressively well to post a medium overall score for affordability. If Lagos is to keep attracting skilled young professionals, government must work on helping the city break into top ten for rent affordability (ranked 22nd in the PwC survey).
References : Numbeo database of user contributed data.