Lagos is Africa’s 7th largest economy and is about to get bigger with its first oil finds - qz.com
With growth driven by vital reforms in state service—taxation, transport services and waste management—Lagos state remains the economic hub of Nigeria twenty five years after it was replaced as the country’s official capital. The state’s potential to generate revenue has now been boosted even further by confirmation of oil production. Targeted investment is expected to follow the state’s oil production activities and under the terms of Nigeria’s resource control, as an oil-producing state, Lagos will become entitled to a 13% cut of revenues generated by Nigeria’s government through its oil and potentially earning millions of dollars.
Read More (Click On Image)