Lagos is a city in Nigeria -- Nigeria is an NEE and has the highest GDP of any country in Africa. The city's population is estimated to be over 14 million. It's one of the fastest-growing urban areas in the world, with an annual growth rate of 3.2%. Lagos is an important city regionally, nationally and internationally. Regionally -- the large migrant population increases cultural diversity. It is also very well connected to other major towns, making it an important centre for regional trade. Nationally -- Lagos is home to 80% of Nigeria's industry, as well as many global companies. Lagos was also the capital of Nigeria until Abuja became capital in 1991. Internationally -- Lagos is the main financial centre for the whole of West Africa and the 5th largest economy on the continent. The international port and airport are important for global trade.
Key Terms
Lagos — The biggest city in Africa, located in Nigeria (an NEE). Population estimated over 14 million with an annual growth rate of 3.2%.