Lagos is a major stronghouse in improving Nigeria’s economy, contributing largely 30% of GDP, and over half of the total port revenue generated in Nigeria. Arguably, it is the business backbone of the Nigerian economy.
Lagos being a state with lots of transactions going on, there is a need for accommodation. One often overlooked factor that influences business success is accommodation location. The right place to stay can significantly impact productivity, networking opportunities, and overall efficiency. In this article we would look at business growth in Lagos and accommodation.
Understanding Business Ecosystem in Lagos
Lagos has a complex and thriving business ecosystem that includes:
- Local Traders & Informal Businesses: Found in markets like Oshodi, Balogun, and Alaba.
- Small and Medium Enterprises (SMEs): Concentrated in areas like Lekki, Ikeja, and Surulere.
- Conglomerates & Multinational Companies: Concentrated in Victoria Island (VI), Ikoyi, and Ikeja GRA.
- Tech Startups & Digital Companies: Located in Yaba (Nigeria’s Silicon Lagoon), Ikeja, and Lekki.
- E-commerce & Logistics Businesses: Favoring Oshodi, Apapa, and Ikeja for distribution efficiency.
For all these business categories, one thing that is common to all is a need for accommodation . Every business trader needs a place to stay in for the night, or for a few days, and getting a perfect accommodation option is very crucial. Factors like proximity to clients, transport routes, and business districts directly impact operational success.
How Accommodation Location Influences Business Growth
1. Proximity to Business Districts
Staying close to business hubs such as VI, Ikeja, and Oshodi Terminal enhances networking opportunities, shortens commute times, and boosts productivity.
2. Access to Clients and Partners
Business travelers need quick access to meetings and collaborations. Choosing the right accommodation in Lagos minimizes delays and maximizes efficiency.
3. Infrastructure & Amenities
Reliable power, internet access, and security are essential for business efficiency. Many areas in Lagos lack consistent infrastructure. Power is a major issue in Nigeria, so many businesses have adopted solar panels, and many other means to enhance day-to-day activities, but not all accommodations can afford that. Zimmr, on the other hand, provides an apartment that allows work and relaxation.
4. Cost Considerations
Balancing affordability and accessibility is key. High-end accommodations in VI and Ikoyi are expensive, whereas Zimmr provides a cost-effective alternative without compromising quality, especially in Oshodi Terminal.
Key Areas in Lagos for Business-Friendly Accommodation
Victoria Island & Ikoyi:
- Preferred by multinational corporations and financial institutions.
- Home to corporate headquarters, embassies, and high-end businesses.
Ikeja (Mainland Business Hub):
- Hub for tech startups and government institutions.
- Close to major transport links and airports.
Lekki:
- Growing business district, ideal for SMEs and startups.
- Attracts young professionals and creative entrepreneurs.
Why Oshodi Terminal is a hot spot for travellers (A Strategic Business and Commercial Hub):
The Oshodi Transport Interchange is one of Lagos’ most dynamic and efficient bus terminals, offering a seamless travel experience for commuters. Here are a few reasons
- Energy & Diversity: It is a lively meeting point for travelers, vendors, and professionals moving across Lagos and beyond.
- Efficiency: It is designed for smooth navigation, featuring modern facilities and a skywalk bridge connecting its three terminals.
- Economic Impact: Increased property values and commercial demand due to its strategic location and infrastructure.
- Size & Features: One of West Africa’s largest bus terminals, with three sections housing loading bays, ticketing stands, lounges, parking, and restrooms. It is also part of a larger development, including a shopping mall and hotel.
Oshodi Terminal isn’t just a transport hub—it’s a key driver of Lagos’ urban and economic growth.
How to Join the Zimmr Waitlist
Zimmr is launching soon, and you can be among the first to experience this innovative accommodation solution! Here’s how:
- Sign up for the waitlist – Get exclusive early access.
- Receive updates on the launch – Stay informed about special offers and availability.
- Be the first to book a stay – Secure your spot in Lagos’ most work-friendly accommodation.
Conclusion
The right accommodation location plays a crucial role in business efficiency in Lagos. From reducing commute time to improving access to clients, choosing strategically can significantly impact growth. Zimmr’s presence at Oshodi Terminal offers a practical solution for business travelers, combining affordability, convenience, and business-friendly amenities.
For professionals seeking a smart lodging choice in Lagos, Zimmr is the answer. Book your stay today and experience seamless business travel!
