Home Forums Ongoing Developments in Africa WHERE IS THE FASTEST GROWING CITY IN AFRICA?

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    Raphael Adewale
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      The African continent is the second largest and most populous continent in the world after Asia. Africa covers a total 6% of Earth’s surface area and a total of 20% of its land area. As of 2018, 1.3 billion people occupied Africa accounting for 16% of the human population. Africa is surrounded by the Mediterranean Sea facing the north, the Isthmus of Suez, and the Red Sea to the northeast and to the west it is surrounding the Atlantic Ocean. African continent is occupied by 54 recognized countries, eight territories and two self-sustaining states with limited or no recognition.

       

      Lagos, Nigeria

       

      Africa is the origin of a wide range of natural resources,  by area, Africa’s largest country is Algeria and by population Nigeria is the most populous country in Africa. Although Africa is seriously affected by different types of environmental issues like water scarcity, deforestation, and pollution it is still a highly biodiverse continent with an immense number of megafauna species.

       

       

      A recent review carried out by African Development bank highlighted the fast rate at which the African continent is growing. The development is due to the very much enhanced economic governance on the continent and its private sector.

       

       

      These recent enhancements have placed the continent in a seemingly boastful position where they pride themselves in numerous advanced cities where technology has become the norm. In other words, Africa has become home to a lot of very developed cities in the world today. In this post, we investigate what we consider as the most developed city in Africa.

       

       

      The African continent is composed of countries categorized according to their financial capacities. We see countries of low, lower-middle, upper-middle- and high-income capacity, 22 of these countries are conflict affected. Africa also comprises 13 small states, marked by their low population, limited human capital and a restricted land area.

       

       

      The unforeseen coming of the COVID 19 had a huge impact on the economy of the African continent. Despite this development, economic growth in Africa is set to emerge and expand in the coming years. This recovery is to be refueled by increased commodity prices, easing of strict pandemic measures, and recovery in global trade.

       

       

       

      Interestingly, countries within the African continent have seized the moment in the crisis to promote structural and economic reforms that could create a way for increased comprehensive growth over the long term. Several countries have commenced the journey on strenuous but necessary structural reforms such as the merging of exchange rates in Sudan, fuel subsidy adjustment in Nigeria and creation of telecommunications sector in the private areas of Ethiopia. These reforms have brought about reliable electricity, including an improved functioning of general utilities that can strengthen the manufacturing sector and digital economy.

       

       

      Ultimately, reforms that pay attention to infrastructure gaps and make the digital economy more comprehensive and ensure moderate affordability in building skills for all parts of society are highly critical for improving connectivity and magnifying digital technology adoption and also generating improved jobs for men and women. When there is urbanization, industrialization, population and more job opportunities, there is a promotion in rapid growth no matter the location in the world.

       

       

      As the population in Africa gains numbers over the years, there will be cities with high levels of urbanization, industrialization and economic activity which eventually experience immigration and a fast-growing rate. It is estimated that at around 2050, Africa’s population is expected to reach a whooping 2 billion inhabitants.

       

       

      There are a lot of fast-growing African cities but to name a few according to the United Nations Human Settlements Programme we see Accra in Ghana, Ibadan in Nigeria, Lagos in Nigeria, Dakar in Senegal, Abidjan in Cote d’ivoire, Addis Ababa in Ethiopia, Luanda in Angola, Kinshasa in Democratic Republic of Congo, Nairobi in Kenya, and Dar es Salaam in Tanzania. It is believed that the more populous an area or a place is, the more economic activity and industrialization is going on in there. Lagos with a mouth dropping populace of about 14 million people as of 2021 stands as the fastest growing city in Africa over other fast-growing cities.

       

       

      LAGOS

       

       

      Lagos is a big city located around the Western coast of Nigeria and is standing as the administrative seat for most financial businesses and working centers working within and across Nigeria. Because of its location in the West Coast, it houses the largest seaport in Nigeria which is known to be a significant site for international trade.

       

       

      It also contains skyscrapers that serve as up-market apartments and businesses.

       

       

      Lagos is known as “The city that won’t stop growing”. Its population is expected to rise by 49.5% in 2025. It is said that thousands of people move into Lagos from the rural areas in hopes of finding greener pastures.

       

       

      Lagos is the biggest megalopolis area in Africa. In 2021, the city managed to beat Nairobi, Cape town and Johannesburg when it comes to the allure associated with startups. The city has made a name for itself as a tech center constantly proceeding towards a 24-hour economy, generating about 10% of Nigeria’s total Gross Domestic Product of $432.3 billion.

       

       

      According to data by StartupBlink, when it comes to attractiveness for startups, Lagos leads in the rank of African cities. Originally, Lagos possesses a rich history of economic growth and transformation. Although Lagos appears to be the smallest state in the country seeing as it possesses only 0.4th of Nigeria’s sectional land mass, it reckons for over 60% of industrial and commercial activities in Nigeria.

       

       

      Lagos is financially operable, generating more than 75% of its revenues completely unfettered of federal grants derived from oil revenues.

       

       

      Lagos is the state that generates the highest internal revenue of all states in Nigeria. Truth be told, if taken as a country on its own, Lagos’s 2010 GDP of over $80 billion made it the 11th largest economy in Africa.

       

       

      Currently, Lagos stands ahead as a major hub for the headquarters of national and global companies and the many complex business and professional services that support them. Lagos is not only considered as a mega city in terms of population, but it is seen as a global city with a substantial, growing foreign born population and unending flights to hundreds of destinations across the world.

      • This topic was modified 6 months, 3 weeks ago by Admin.

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