Lagos, Nigeria's economic hub, is struggling with its rapid growth. Projected to have 17.2 million residents by 2025, according to InternetGeography, the city faces a severe housing shortage of 3.4 million units, causing rents to rise as much as 80% in some areas. Its population, which is growing at a rate of about 600,000 a year, has transformed what was a minor city with a population of less than a million in 1960. By 1990, the population of Lagos reached 4 million and by 2015, it reached 8 million. Today, the metropolitan area probably exceeds 20 million.
Lagos, Nigeria's economic hub, is struggling with its rapid growth. Projected to have 17.2 million residents by 2025, according to InternetGeography, the city faces a severe housing shortage of 3.4 million units, causing rents to rise as much as 80% in some areas. Its population, which is growing at a rate of about 600,000 a year, has transformed what was a minor city with a population of less than a million in 1960. By 1990, the population of Lagos reached 4 million and by 2015, it reached 8 million. Today, the metropolitan area probably exceeds 20 million.
