Why Lagos Leads—and the Business Ecosystems Other States Can Build

Lagos’s economic strength comes from connected industries, not just its banks or import businesses. Its fintech ecosystem brings together startups, investors and financial institutions, while manufacturing links factories with suppliers, transporters and distributors. The text also points to the scale of Lagos’s entertainment industry, from music and film to events and digital content. Other states have resources and creative talent of their own. Benue, Kaduna, Niger and Kano, for example, have agricultural or industrial potential that could support more local processing and manufacturing. The broader lesson is that resources alone do not create thriving industries. States also need the infrastructure, investment and business networks that help local talent and products reach customers.

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