FOSTERING ENTREPRENEURSHIP: LAGOS RANKS 5TH IN THE WORLD
Naija,
here is more good news.
Lagos State has ranked 5th Worldwide for fostering Entrepreneurship in the 2015
Youthful Cities Index.
The
Youthful Cities Index gathers data from 55 cities worldwide, and considers 22
attributes which contribute to making a city youthful, ranging from education
and employment, to music and nightlife. One of the indicators considered
is entrepreneurship, measuring the extent to which entrepreneurial culture is
fostered in a city.
Of the
55 cities examined worldwide, Nigeria’s Lagos ranked fifth in terms of the
entrepreneurship ratings. In order, Johannesburg, Accra, Durban, Nairobi,
Dar es Salaam, Casablanca and Cairo all received ratings of 2.5 out of 10 and
below for the entrepreneurship attribute.
However,
African cities did perform well on a drill down of the entrepreneurship
indicator. For example, Casablanca rates third in the world for the age at
which it is possible to register a business. In terms of total early stage
entrepreneurial activity, Lagos ranked first worldwide, and Dar es Salaam
ranked third.
Digital
access was also an attribute included in the index, measuring the level of WiFi
accessibility at various everyday locations in cities, the level of mobile
phone infrastructure development, as well as the cost of internet and mobile
phone minutes. African cities performed badly in terms of digital access, with
most rated below 4 out of 10 in this attribute. Only Lagos and Cairo were
higher, at 5 out of 10.
In the
overall “youthfulness” rankings considering all 22 attributes,
Johannesburg was the highest ranking African city, listed as the world’s 35th
most youthful city. Casablanca ranked at 44, Durban at 47, Cairo at 48,
Lagos at 49, Nairobi at 51, Dar es Salaam at 53, and Accra ranked 55th.
The
world’s top three most youthful cities were named as New York, London and Berlin.
Naija Options is proud of Lagos and wishes more work to be done to beat this record by 2016. Eko o ni baje o!
Also read: The Lagos Molue, Fela Durotoye, Femi Otedola, Folorunsho Alakija, Doing Business in Nigeria 2014 Ranking and Starting A Business from Diaspora
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