Nigeria – According to a recent PwC report, Lagos is the 7th best city in Africa, Punch reports.
The top five cities, according to the ranking, are Cairo, Tunis, Johannesburg, Casablanca and Algiers. The preponderance of North African cities is explained by their longevity, which has allowed for the development of their infrastructure and human capital over time.
The report detailed the potential of 20 African cities considered to be among the most dynamic and focused on the future, based on certain variables and key indicators, including infrastructure, human capital, economics, society and demographics.
“In 2030, half of the population will live in cities in Africa where economic activities and growth will be focused and which will become communication centres and hubs for social trends. This presents a major challenge to local authorities, city governments and also for businesses,” Chief Executive Officer, PwC Nigeria, Mr. Uyi Akpata, stated.
“Lagos ranked seventh in the overall rankings and was identified as a regional hub for culture, especially for music and also as the destination for African cinema (Nollywood). It was also listed as one of the top five cities that are conspicuous sites for investment at the moment along with Dar es Salaam, Lusaka, Nairobi, and Accra.
“Lagos equally tied with Accra in fifth place in terms of economic index, which measures such variables as GDP per capita, rate of real GDP growth, headquarters of top 500 companies in Africa and ease of doing business, but the infrastructure challenges, which for example hinder easy movement and increases journey time in the city was identified as one of its weak points,” he said.
#Nigeria #Lagos #Africa #PwC
The top five cities, according to the ranking, are Cairo, Tunis, Johannesburg, Casablanca and Algiers. The preponderance of North African cities is explained by their longevity, which has allowed for the development of their infrastructure and human capital over time.
The report detailed the potential of 20 African cities considered to be among the most dynamic and focused on the future, based on certain variables and key indicators, including infrastructure, human capital, economics, society and demographics.
“In 2030, half of the population will live in cities in Africa where economic activities and growth will be focused and which will become communication centres and hubs for social trends. This presents a major challenge to local authorities, city governments and also for businesses,” Chief Executive Officer, PwC Nigeria, Mr. Uyi Akpata, stated.
“Lagos ranked seventh in the overall rankings and was identified as a regional hub for culture, especially for music and also as the destination for African cinema (Nollywood). It was also listed as one of the top five cities that are conspicuous sites for investment at the moment along with Dar es Salaam, Lusaka, Nairobi, and Accra.
“Lagos equally tied with Accra in fifth place in terms of economic index, which measures such variables as GDP per capita, rate of real GDP growth, headquarters of top 500 companies in Africa and ease of doing business, but the infrastructure challenges, which for example hinder easy movement and increases journey time in the city was identified as one of its weak points,” he said.
#Nigeria #Lagos #Africa #PwC
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