Financial Times lists Ibadan as one of 5 African cities to watch!

In an article published by the Financial Times, Ibadan is listed as one of the “next 5” cities in Africa. According to the article, the city possesses a “rapidly growing economy but serious business climate deficiencies – that offer some of the biggest potential rewards – provided multinationals can stomach the risks.”

Other African cities on the come up include Addis Ababa in Ethiopia, Dar es Salaam in Tanzania, Kinshasa in Congo and Mombasa in Kenya.

Some of the world’s largest companies have already made inroads into these economies. Diaego, one of the world’s largest brewing companies, paid $225m for Ethiopia’s state-owned brewer Meta Abo last year, to tap into Addis Ababa’s growing consumer market. What’s more, the African Union is headquartered in the city, making it the political capital of Africa, Frontier says. That’s a bit of a stretch, but the business buzz in Addis is undeniable.

Fellow beer group Heineken is spending $325m in Kinshasa, Congo’s capital. Frontier says: “while poverty and an underdeveloped infrastructure reduce market size in Kinshasa, staggering population growth and consistently higheconomic growth means the city of 10 million cannot remain ignored by many MNCs.”

Dar es Salaam, Tanzania’s largest city, arguably offers the best investment prospects of all. Taking into account its size, short-term stability and growth, Frontier ranks it as the third best risk-weighted business opportunity in all of Africa by 2015.

An emerging trade hub in east Africa, it is increasingly handling more cargo than Mombasa, the region’s other sea trade centre. And Japanese carmaker Honda Motor has recently shown an interest, teaming up with a Tanzanian company and preparing to build an assembly plant to expand sales in the city.

There are risks to expanding in all of these markets, of course – Frontier highlights the usual concerns about infrastructure, corruption, and regulation. But Africa is the fastest growing and most rapidly urbanising region in the world. The risks of staying out could be greater still.

The article also forecasts that the economy of Lagos, which is listed as one of the “Big 5”, will by 2015, outweigh that of it’s nearest competitor, Johannesburg, which has the biggest economy in Africa. Johannesburg has a nominal GDP output of $51billion, while Lagos has a GDP of $40billion but that of Lagos is predicted to jump when Nigeria rebases its economic statistics next year.

The Big 5′ - cities are said to be broadly politically and economically-stable, and already major FDI destinations. They are: Accra, Ghana; Johannesburg, South Africa; Lagos, Nigeria; Luanda, Angola; and Nairobi, Kenya.

It would seem fate has quite the sense of humour, with this article declaring Lagos as “economically-stable” just as the state has been declared insolvent by the Revenue Commision.

http://www.ynaija.com/thenextbigthing-financial-times-lists-ibadan-as-part-of-african-cities-to-watch/

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Can you please go to https://www.nairaland.com/1132455/enugu-vs-ibadan-old-western
If you wanna talk about Ibadan.

Stop propagating myths

Is it a fight?

What is propaganda in the fact that I saw a good news about my place and I have decided to post it.

If you have a problem with that please open up.

Ibadan is one of the big things with over 5 industrial estates, FDI's, etc.

Haters go and die.

South West O ni baje ooo

kingingkinging: Is it a fight?

What is propaganda in the fact that I saw a good news about my place and I have decided to post it.

If you have a problem with that please open up.

Ibadan is one of the big things with over 5 industrial estates, FDI's, etc.

Haters go and die.

South West O ni baje ooo

Don't mind him. This is about where you can invest, not where you are likely to get kidnapped.

kingingkinging: TheNextBigThing? Financial Times lists Ibadan as one of 5 African cities to watch!

In an article published by the Financial Times, Ibadan is listed as one of the “next 5” cities in Africa.

Continue making mistake, Financial times listed Ibadan as one of 5 African old Zoo to watch

Willy+willy:

Continue making mistake, Financial times listed Ibadan as one of 5 African old Zoo to watch

The reality you dont want to face is that Ibadan is not in the class of any eastern cities. Ibadan is well industrialized I believe after Lagos and Ogun or better than Ogun state but far better than any Eastern state. It is big, With over 3 milion people
It is a good market for Foreign direct investment, small scale companies as well as agriculture. If you dont like Ibadan, you can go and hug power plant.

Are you from that Zoo

Link to the article: http://blogs.ft.com/beyond-brics/2012/03/14/africa-10-cities-to-watch/#axzz2F2oGBGPV

Picture of Ibadan shows that the place is a very big Zoo

Ibadan d next big thing? Ibadan was once d big thing,not anymore though.
If ibadan is d next big thing in africa then we are in trouble. I don't see any meaning progress dat town can make within d next one year than can be spectacular

Possibily the Proximity of Ibadan to Lagos and the Populaton of Ibadan could make it a City to watch out for . but funny Enough even Lagos is under a very big threat as other formerly small villages in Nger Delta are turning into Cities with International Airports and some are planning Deep Sea Ports.i think the person who wrote this article must be a Journalist and not an Economist or a Surveyor/City planner

kettykin: Possibily the Proximity of Ibadan to Lagos and the Populaton of Ibadan could make it a City to watch out for . but funny Enough even Lagos is under a very big threat as other formerly small villages in Nger Delta are turning into Cities with International Airports and some are planning Deep Sea Ports.i think the person who wrote this article must be a Journalist and not an Economist or a Surveyor/City planner

Why should Lagos be in trouble because there is development in other parts of Nigeria? Isn't this what people said when the Capital of Nigeria was moved from Lagos to Abuja?

kettykin: Possibily the Proximity of Ibadan to Lagos and the Populaton of Ibadan could make it a City to watch out for . but funny Enough even Lagos is under a very big threat as other formerly small villages in Nger Delta are turning into Cities with International Airports and some are planning Deep Sea Ports.i think the person who wrote this article must be a Journalist and not an Economist or a Surveyor/City planner

Following your argument, One would expect Nasarawas proximity to Abuja to also make them a state to watch

Aigbofa:

Why should Lagos be in trouble because there is development in other parts of Nigeria? Isn't this what people said when the Capital of Nigeria was moved from Lagos to Abuja?

The Federal Capital has been moved from Lagos to Abuja for over 20yrs now yet the economy of Lagos is booming and even more than it was in 1992.

dayokanu:

The Federal Capital has been moved from Lagos to Abuja for over 20yrs now yet the economy of Lagos is booming and even more than it was in 1992.

That's right. That is why I find it strange someone would believe Lagos is threatened by some seaport that is not even built yet.

dayokanu:

Following your argument, One would expect Nasarawas proximity to Abuja to also make them a state to watch

Even Abuja is not a city to watch out for because unlike Lagos, it's not a commercial but a political city. The guy is right, Ibadan was probably named because of it's close proximity to lagos.

Willy+willy:
Picture of Ibadan shows that the place is a very big Zoo

To me the picture looks more like a disorganized, barbaric, stone-age era. No insult intended..

Before ibadan will develop like Festac town it will be in 20years time with serious funding from world bank. with up to 100,000 Chinese labourers.

Determinants of a city with potential include but are not limited to the following:

Skill pool of talents NOT Yoruba, Alakija, Oluwole, Agboro, Baba Ijebu, Juju man etc.

World-class infrastructure NOT useless road and railway, dirty corner shops (kiosk), no electricity, poo infested hospitals etc.

Decent housing for immigrants NOT rusty roof sheets on old buildings, and mud houses with babalawo inside.

Good & healthy food for residents NOT Amala & ewedu with one gallon of oil, ewa and gbegiri, eforiro with sand and leaf.


So can someone tell me why any investor would want to head for Ibadan? Clean up that state and then we can have a conversation but until then, dream on

I can even count how many upstairs in ibadan.

I can even count how many upstairs in ibadan from the picture.

Where LAG they! Ehn

Ibadan people make una wisen up o, na strategy we Oyinbo go come give Una mirror collect all the remaining cocoa wey remain.

The larggest city.

Torino:my lord is it the ibadan i know??....Lord Jagara:are u askin me?i am shock also!is it the rusted zinc,dead road,poluted environment and archaic architecture!!!..are u sure financial times management are ok??*ful of suprises*

Ibadan has always been underrated. I wonder why places like Kano, Kaduna and PH get better rating and attention than Ibadan.

Jarus: Ibadan has always been underrated. I wonder why places like Kano, Kaduna and PH get better rating and attention than Ibadan.

Can you list reasons why these cities should not be rated ahead of Ibadan? Ibadan is just one big residential city. That's what it is.

I can even count how many upstairs in ibadan from the picture. [/quote]

uihebom: I can even count how many upstairs in ibadan from the picture.

How myopic can you be?

Good development.