Lagos is recognized as essentially the most prosperous town of Nigeria since the majority of of the economic activities took place here.

Most of the financial and commercial and transactions are performed on the central business district which can be positioned in this island. Most from the Nigeria's banks along with other financial concerns are headquartered in Lagos. Besides, Lagos also possesses the greatest standards of living in comparison to one other Nigerian cities.

The seaport of Lagos will be the Nigeria's leading port and ranked as one from the busiest and largest in the Africa.

The Lagos port is managed and operated with the Nigerian Ports Authority and it is separated into three parts. Thus the Lagos port is in the main channel better Lagos Island, the container terminal i.e. the Apapa Port as well as the Tin Can Port are situated in Badagry Creek that suffers from Lagos Harbour from your west.

The bulks of crude oil are exported from the Lagos port and the export numbers are sharply soaring because the year 1997. Petroleum Products and Oil comprises the 20% of GDP and 90% of foreign exchange earnings of Nigeria as whole.

Interestingly, the Lagos economy is encouraging the free enterprise and rewarding productivity, particularly, the newly emerged entrepreneurships. Thus the standard services or products will win the due recognition through the stake holders irrespective of where, how and who's rendering the service or producing products.

So people, having remarkable ideas, abilities and practicable vision, may develop their business empire at Lagos without any resistance from common barriers which are commonly proficient in other African countries. More over Lagos state continuing efforts to provide new as well as the improved method to save the energy in existing industries so they improve the high quality of these 14 million peoples. For such a approach Lagos state government arranged various economic summits to arracks the entrepreneur.