Lagos is, by far, the biggest city in Sub-saharan Africa. With its 10+ million inhabitants, it eclipses Johannesburg, Nairobi and Addis Ababa, and is second only to Cairo on the African continent. It is one of the fastest-growing cities on the planet, and increasingly a magnet for investors, multi-national companies and expatriates seeking to tap into the booming Nigerian and West African markets.
The city is also a by-word for chaos. Love it or hate it, but if you can’t take it, don’t try it! Whether you are here as a visitor or as an expatriate, brace yourself for the vibrant chaos that is the hallmark of Lagos!
Lagos is notorious for jams and crazy traffic. Being used to Nairobi, I don’t find it that bad in comparison, though. People actually drive in a far more orderly way here than in the Kenyan capital, and jams, albeit bad during rush hours, are at the very least moving most of the time. Apparently the investments that Governor Babatunde Fashola has made in infrastructure, have paid off, as I understand that the situation was far worse a couple of years ago.
Power is still erratic to the point where one can hardly live without a generator. The ongoing reforms in the power sector, however, are likely to change that: The national power holding company, PHCN (an acronym widely believed to signify Please Hold Candle Now) is in the process of being split up and sold off as 18 independent production and distribution companies. Until the effects of that reform materialize, though, those all too familiar 5 seconds of darkness before the lights return, accompanied by the roaring sound of generators in the background, will continue to be part of everyday life in Lagos.
According to locals, the security situation has improved significantly compared to a couple of years ago, when gangsters would even enter the airport area to stop planes on the runway, and rob the passengers on board. VI and Ikoyi are generally known to be quite safe for Nigerians these days, but still risky for expatriates, as criminals have abandoned muggings for the far more lucrative business of kidnappings.
For the same security reasons, road trips, a weekend activity that I cherish, are considered borderline suicidal for foreigners. A discussion about road trips beyond Badagry or Ibadan is likely to include a question about whether or not I am mad.
The massive police presence in Victoria Island may give a false sense of security to the inexperienced first-timer. Don’t be fooled, though: Nigerian police may in theory be there to protect you, but would most likely run away while defecating in their uniform trousers, should a dangerous situation occur. Their real role is limited to begging for small handouts (or bigger ones, should you fail to notice a red light while driving).
Lagos is one of the most expensive cities in Africa. Not as bad as Luanda, but close. Assuming that you are decently well paid (most expatriates in Lagos are), then life can nevertheless be pretty sweet. Lagos has decent selection of restaurants, bars, clubs, cinemas, gyms and spas, but again, be prepared to pay for it!
A meal in a good restaurant (just one meal, no drinks) is typically $25 and above, and a beer $4. Fair enough for London or Geneva, but high for Africa. While you can get quite good sushi in Lagos, that dinner will easily set you back with $100. A night at the Radisson will cost the visitor about $400, and other hotels of comparable quality are around $400-$500. DO not expect to find anything of decent quality for less than $250.
When it comes to shopping, Lagos is still far behind most other African cities I’ve been to. The Palms Mall in Lekki, one of the sanctums of shopping for affluent lagosians, hardly even compares to most local supermarkets in Nairobi suburbs. Lusaka a city of 2M people, has at least 4 malls that are bigger and better than Palms. Even Libreville in Gabon has a better one! Judging from the ongoing construction and investment boom, it is probably only a matter of time before Lagos catches up with the rest of the continent in that area, though.
Home electronics and mobile phones are widely available at decent prices, though. The growing middle class has a strong craving for those goods, and in a country of 170 million people, they constitute an increasingly attractive market. Expect to see the the latest iPhones, tablets and Smart TVs in the supermarkets shortly after they become available internationally, and at good prices. If you are a Blackberry fan, and you know the right people in the telecoms business, expect to see test versions of the latest Blackberries circulating months before they are released.
If the idea of buying luxury goods in Lagos ever crossed your mind, then perish the thought. You will find many shops selling fake luxury products from brands like Gucci, Dolce & Gabbana, Salvatore Ferragamo, etc, at the same prices as the real stuff. Ermenegildo Zegna recently opened a store in Victoria Island, where one can safely assume that they sell the real stuff, however at grossly inflated prices even for Zegna. There is also a Hugo Boss store at the Palms Mall, with an incredibly disappointing selection.
The rising middle class, and the sheer size of Nigeria, makes the country an increasingly attractive market for international businesses. Lagos, being the the business hub of Nigeria and of West Africa, attracts the lion’s share of those investments, and is the natural location for any regional HQ.
With its 10 million inhabitants, Lagos State has a GDP the same size as Kenya’s (40M inhabitants). Because of its strategic position, Lagos is also a focal point of massive wealth concentration. Most of that wealth is gathered in the roughly 5km² comprising Victoria Island, Ikoyi and Lekki. In Banana Island, the upmarket section of Ikoyi, you will not find a 3-bedroom apartment for less than USD 10,000 monthly. As most landlords require 2 years upfront payment, living there is the preserve of the very rich, and of the senior-level expatriates of big multi-nationals.
The investment boom in Lagos is quite visible everywhere. Across VI, Lekki and Ikoyi, highrise office buildings, apartments and hotels are popping up literally everywhere. The grand real-estate project above all, though, is Eko Atlantic City. The vision for this mega-project, is a Dubai-style extension of Victoria Island, on 7km² of land which is currently being reclaimed from the sea. If built according to the plans, Eko Atlantic City will change the face of Lagos, Nigeria, and Africa as a whole.