More than three million small businesses are striking it rich in Lagos despite mountains of obstacles facing them. With N2 million, Temita Resources began marketing herbal toothpastes in Nigeria’s biggest commercial city in 2015. By 2024, the company’s revenue had ballooned to over N500 million, with the firm expanding to 15 states, including the Federal Capital Territory (FCT). Thousands of small businesses from tech startups to ‘suya’ smokers are making it big in Lagos, thanks to the city’s demography and relatively political and econom
More than three million small businesses are striking it rich in Lagos despite mountains of obstacles facing them. With N2 million, Temita Resources began marketing herbal toothpastes in Nigeria’s biggest commercial city in 2015. By 2024, the company’s revenue had ballooned to over N500 million, with the firm expanding to 15 states, including the Federal Capital Territory (FCT). Thousands of small businesses from tech startups to ‘suya’ smokers are making it big in Lagos, thanks to the city’s demography and relatively political and econom