HomeBusinessVP Shettima reveals city behind Dangote, Rabiu’s billionaire empires

VP Shettima reveals city behind Dangote, Rabiu’s billionaire empires

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Vice President Kashim Shettima said Lagos was the key platform that helped build the fortunes of two of Africa’s richest menHe said Lagos contributes about 30% of Nigeria’s GDP and is home to five of Africa’s nine unicorn startups, including Flutterwave and MoniepointGovernor Babajide Sanwo-Olu said that Lagos is strengthening its position as a major gateway for investment and trade in Africa

Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.

Vice President Kashim Shettima has described Lagos as the driving force behind the success of Africa’s richest businessmen, saying the city’s economic environment helped shape the fortunes of both Aliko Dangote and Abdul Samad Rabiu.

Speaking at the opening of the Invest Lagos 3.0 Summit on Monday, June 8, 2026, Shettima argued that Lagos, rather than Kano, played the key role in nurturing the businesses that made the two entrepreneurs continental business icons.

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