Quote from Ndubuisi Ekekwe on October 16, 2022, 4:58 PM

The total private wealth in Lagos is $97 billion, according to the Africa Wealth Report 2022, released by Henley & Partners, in partnership with New World Wealth.

Lagos came fourth behind, Johannesburg in first position, Cape Town and Cairo in second and third positions respectively. Notably, the two wealthiest cities on the continent are in South Africa just as four South African cities make the top ten (Johannesburg, Cape Town, Durban, and Pretoria). Lagos is the most populated city in Africa and a major contributor to the Nigerian economy, with international seaports and airports.

However, Lagos comes behind the likes of South Africa’s Johannesburg and Cape Town, as well as Egypt’s Cairo, in terms of wealth controlled.