As an entrepreneur, you must know that the success of your business largely depends on it’s location. In Nigeria, an investor’s eyes can run and pry, examining spaces and seeking out the best possible environment in which to sow and reap.
A businesses should be located at a place that is close to the market, labor, raw materials and offers agglomerate tendencies. The list below has been drawn up based on the following factors in mind:
- Population size and purchasing power
- The presence of various sorts of businesses and the linkages that exist between them
- And the extent of development of infrastructure in these cities.
Here Are The Top Best five cities suitable for business in Nigeria
Lagos is unquestionably a city with an estimated population of about 20 million, some even say that it’s the fifth most populated city in the whole of Africa. Numerous businesses are headquartered within it, plus two seaports and a bustling international airport.
The city boasts of a much better infrastructure than any other city in the Nigeria. Also, its fast-paced, energetic and vibrant atmosphere is contagious. Just the sort of feel that attracts the most business-minded individual.
Abuja is Nigeria’s capital city. Although, not as populated as Lagos, Abuja boasts of the highest per-Capita income in the country, meaning that the purchasing power of its inhabitants is unmatched by those of any other on this list.
Kano is Nigeria’s second largest city, and one of the top ten fastest growing cities in Africa. It is also the nerve center of commerce in northern Nigeria.
Manufacturing, though troubled by power challenges, still thrives in Kano. Its markets also attract people from all parts of the country and beyond.
This city is recognized as a major business destination in Nigeria’s, it is the biggest oil-producing city in the Niger-Delta. Port-Harcourt is said to have one of the fastest rates of growth in per-Capita Income in the country.
Port-Harcourt is the commercial hub for the far-south and has a large and diverse population, with a size-able expatriate community. Other notable things about this city include its refinery, as well as its airport and seaport.
Aba might not be on the list of the five largest cities in the country; but its population of over a million is incredibly energetic and entrepreneurial.
From shoes to textiles, this city has formed a reputation for itself. Its markets attract business people from beyond the borders of Nigeria. A few have rightly remarked that in this city, every corner is a business center. Aba just “smells like business”, even from afar.
A top ten list might include Ibadan, Onitsha, Ogbomosho, Kaduna and Benin City.