Exploring the top reasons why Lagos Island could be an advantageous location for living or establishing a business/office

Despite its reputation for being Nigeria’s most prosperous city, Lagos is also known for its infamous traffic congestion and densely populated streets. However, this should not overshadow the beauty of Lagos as it remains a top tourist destination with stunning beaches, towering skyscrapers, picturesque parks, endless entertainment options, numerous job opportunities, and more.

Lagos is a unique city with something to offer for everyone. From its rich culture to its vibrant nightlife, the locals, known as “Lagosians,” take pride in their city and its distinct character. Despite the challenges that come with living in a busy metropolis, the lively atmosphere and unbeatable vibes make Lagos a truly amazing city.

We share with you top reasons why Lagos Island could be an advantageous location for living or establishing a business/office. All of them are based on actual data.

1: Strategic Location

One of the biggest advantages of basing your business in Lagos Island is its strategic location. Lagos Island is located at the center of Lagos, Nigeria’s commercial hub, and one of the fastest-growing cities in Africa. The Island is surrounded by several other commercial and residential districts such as Victoria Island, Ikoyi, and Lekki, which makes it a central location for business activities in the city. Additionally, the Island is home to several transport hubs, including the Lagos Island Ferry Terminal, providing easy access to other parts of Lagos and beyond.

Another benefit of Lagos Island’s location is its proximity to major government institutions, such as the Lagos State Government House, Lagos State Secretariat, and the State House of Assembly. This makes it an ideal location for businesses that seek to engage with the government or take advantage of government policies that promote investment and business growth in the state.

2: Access to Skilled Workforce

Lagos Island is home to a large pool of skilled and talented professionals, ranging from finance experts to technology professionals. The Island is home to several multinational companies, financial institutions, and tech startups, which have attracted a diverse range of professionals to the area. This makes Lagos Island an ideal location for businesses seeking to tap into a pool of skilled and talented professionals. The presence of top-rated universities such as the University of Lagos, Lagos Business School, and the Pan-Atlantic University ensures a constant supply of graduates with the requisite skills and knowledge to meet the needs of businesses.

Lagos serves as the key economic hub for Nigeria and the rest of the West African area. Lagos serves as the nation’s capital for the majority of businesses and sectors. More than any other metropolis in Nigeria or West Africa, Lagos offers the best opportunity for advancing your career and reaching the top in your chosen profession.

3: Vibrant Business Environment

Lagos Island has a vibrant business environment that fosters creativity, innovation, and growth. The Island is home to several co-working spaces, accelerators, and incubators that provide support to startups and small businesses. Additionally, Lagos Island hosts several business events, workshops, and conferences that provide opportunities for businesses to network and learn from other industry players.

Another benefit of Lagos Island’s business environment is its thriving nightlife, which attracts tourists and locals alike. This creates opportunities for businesses in the hospitality and entertainment industries to thrive. With its bustling streets, shopping malls, and food markets, Lagos Island provides a unique and vibrant experience for businesses and their employees. Overall, Lagos Island’s vibrant business environment provides a unique opportunity for businesses to grow and thrive in a dynamic and exciting city.

4: Investment Incentives

Another benefit of basing your business in Lagos Island is the availability of investment incentives provided by the Lagos State Government. The state government offers several investment incentives, including tax holidays, duty-free imports, and land acquisition subsidies, to attract businesses to the state. The government’s commitment to promoting investment and business growth in the state has led to the establishment of several industrial estates and free trade zones across the state, which provide a conducive environment for businesses to operate.

5: Access to Finance

Lagos Island is home to several financial institutions, including banks, venture capitalists, and angel investors, providing businesses with access to finance. The presence of these institutions makes it easier for businesses to secure loans and investments to finance their operations and expansion plans. Additionally, Lagos Island is home to several microfinance institutions that provide support to small and medium-sized enterprises, enabling them to access affordable finance.

Another benefit of Lagos Island’s access to finance is the presence of several crowdfunding platforms and peer-to-peer lending platforms that provide businesses with an alternative source of funding. These platforms enable businesses to raise funds from a pool of investors, reducing the reliance on traditional financing methods. Overall, Lagos Island’s access to finance provides businesses with the necessary support to finance their operations and achieve their growth objectives.

 6: BEAUTIFUL GORGEOUS BEACHES AND LUXURY

Lagos is encircled by bodies of water. As a result, there are lots of beautiful sandy beaches that are great for picnics and recreation. While vacationers from other cities and even from abroad can visit these beaches, Lagosians go whenever they want to have a good time, especially on the weekends.

Who doesn’t adore living in luxury? Lagos city life is for you if you enjoy the finer things in life. Lagos Island, which is a portion of Lagos State, is renowned for the opulent amenities it provides residents. Lagos State is home to everything from five-star hotels and restaurants to the best art galleries, the most opulent structures, and the nicest automobiles. Daily life on Lagos Island will be wonderful if you have the money.

7: ATTRACTIONS THAT ARE EXCITING

Lagos boasts a number of attractions in addition to its lovely sandy beaches, including the Omu Resort and Recreation Park Gardens, Lekki Conservation Center, Onikan Youth Center, and others. Living in Lagos means that seeing these incredible places whenever you want won’t cost you an arm and a leg.

In all of Nigeria, Lagos offers one of the most fascinating nightlife scenes. There are many performances to see and parties to party at, but if dancing and partying aren’t your thing, you may simply enjoy a cold beer at a neighborhood pub or a glass of wine in a traditional wine lounge. There is always something going on in Lagos, and there is never a quiet moment.

 8: INVESTMENT ROI

Any of the Lagos Lands for Sale will provide a return on your investment. It is essential that you take your Return On Investment into account when purchasing any type of property in Nigeria (ROI). You want to be sure that the land you purchase doesn’t cost you money. Although it is impossible to predict the future, it is generally reasonable to assume that purchasing real estate in Lagos neighborhoods like Ibeju Lekki would result in a higher return on investment than purchasing land in other states in Nigeria. Lagos is a highly sought-after location, so anyone looking to purchase land on which to erect a home would be prepared to pay a fair amount.

9: AFRICA’S CENTER OF ENTERTAINMENT

Africa’s center for entertainment is Lagos. Lagos Island is home to the majority of Nigeria’s well-known musicians. For stand-up comedians, the same is true. Lagos is also home to the majority of record labels that create and look after international talents. Lagos is the finest city for you to reside in if you have talent and want to be a star.

10: HAVING ACCESS TO GOOD SCHOOLS

If you’re considering relocating your family to Lagos, you won’t have to worry about finding your children good schools because the city is home to some of the greatest primary, secondary, and postsecondary institutions in the nation, both public and private. In Lagos, providing your kids with a high-quality education is not an impossible undertaking.

CONCLUSION

The reality is that Lagos is a special metropolis and that life here cannot be compared to life anywhere else. If you own a home in one of the many neighborhoods in Lagos Island, you can’t foresee what will happen, but you can be assured that there will never be a dull moment. Someone once made the facetious remark that if you live in Lagos, you don’t need to exercise because every day is essentially a workout.