2 - The New York of Nigeria

Summary

The pace of urbanisation across sub-Saharan Africa over the last 60 years is without precedence. In 1950, most African countries were agrarian societies and just over a quarter of the population lived in cities. By 2020, the continent had 74 cities with a population of more than one million people, equivalent to the US and Europe combined. Today almost half of sub-Saharan Africans are urban dwellers and by 2050 that number is projected to reach 60 per cent. That means two- thirds of the continent’s projected population growth over the next three decades – an additional 950 million people – will be absorbed by the region’s humming, thriving, bustling megacities. And, as the OECD notes, ‘this transition is profoundly transforming the social, economic and political geography of the continent.’ Lagos, with a population of more than 20 million and economy bigger than that of Kenya is a vast, energetic and flourishing metropolis, a centre of opportunity that is enabling young Nigerians to be wealthier, more open-minded and more cosmopolitan than any before it.