Lagos is known as the most abundant city of Nigeria because most of the economic activity going on here.
Most commercial and financial transactions and carried to the islands located in the central business district. The majority of Nigerian banks and other financial problems headquartered in Lagos. In addition, Lagos also has the highest standard of living compared to other Nigerian cities.
The Port of Lagos is Nigeria's leading port and ranked as one of the busiest and largest in Africa.
The Lagos port is managed and operated by the Port Authority of Nigeria and is divided into three sections. So the main port of Lagos in the channel closer to Lagos Island, Apapa Port Container Terminal, Port and Tin can be found in BADAGRY Creek which runs into Lagos Harbour from the west.
Bulks of crude oil exports from the port of Lagos and export figure increased sharply since 1997. Consists of oil and petroleum products 20% of GDP and 90% of foreign exchange earnings from Nigeria as a whole.
Interestingly, Lagos economy is to encourage free enterprise and useful productivity, in particular, the emerging entrepreneurs. So the quality of the product or service has won recognition from stakeholders regardless of where, how and who provide services or produce.
So people, have outstanding ideas, practical skills and vision, can build their business empire in Lagos without a fight of the common barriers that are often experienced with other African countries. Over Lagos state over ongoing efforts to provide new and better methods to save energy in existing industries thus improve their quality of 14,000,000 people. For such a strategy Lagos state government to control the various economic summit Barracks entrepreneurs.