market dynamics
Lagos major professional market demand analysis
Release date:2019.05.27

Nigeria has the largest economy in Africa, the largest oil exporter in Africa, the largest population in Africa, and one of the fastest growing economies in the world. It has maintained an average annual growth rate of 6.8 percent for the past decade. Lagos, Nigeria's economic, financial and logistics hub, is home to 80% of Nigeria's commercial activity and is a prime location for businesses looking to enter the west African market.


Lagos, as the financial center of west Africa, is active in commerce and trade. It is worth mentioning that after years of development, Lagos has formed several professional industry cluster markets, attracting numerous domestic and west African foreign businessmen.



LAGOS INTERNAION TRADE FAIR LAGOS international convention and exhibition center is located in the west of LAGOS port, about 35 minutes drive from LAGOS port, and about 1 hour drive from the border between Nigeria and benin. The main industry products include: auto parts/supplies, motorcycle parts, bicycle parts, daily chemical products, jewelry. At present, it has developed into the largest automobile and motorcycle parts distribution and distribution center in Nigeria and even the whole west Africa.


Ladipo Market

Lagos is the largest auto parts market, wholesale all kinds of new or second-hand auto parts, tires, lubricants, even the engine and the complete car are sold here, all over Nigeria auto parts dealers, auto repair plants will come here to purchase. It is open all year round except Sundays and legal holidays in Nigeria.



The market is located in the west of the TRADE FAIR market, 15 minutes' drive away from the TRADE FAIR. The main industries are furniture, small household appliances and electrical products. Especially in small household appliances, generators and other electrical products in Nigeria occupy a very important position.


Agric Market

The market is located north of the Lagos port, about a 20-minute drive away. The main products for the sanitary building materials, such as ceramic tiles, faucets, basin toilet and other products. Nigeria is also a very important sanitary products distribution center.

7.jpg 8.jpg

IKEJIA electronics market

Located in the northeast of Lagos airport, about 20 minutes drive from Lagos airport. The main cluster products are mobile phones, computers and related surrounding electronic products. Huawei, zte, lenovo, gionee, TENCO and other domestic mobile phone giants have set up distribution companies here. The market's electronics radiate throughout Nigeria.


Lagos has a long history as a hub for many industries

As the largest city south of the Sahara desert

Nigeria is a well - deserved super - tier cities