Life of Nigeria’s 1%: $50M Jets; $250K Parties in London; Ermenegildo Zegna, Hugo Boss & Porsche Boutiques (NT)

The Nigerian Tribune has a lengthy article describing the life of the Nigerian elite in Lagos, noting:

Lagos’s billionaires and multimillionaires spend up to $50 million on long-range jets, and Nigeria has one of the fastest-growing markets for private aircraft in the world.

Their children’s wild pool parties, drinking binges and $250,000 weekend parties in London are local legend. Precious few from this set would think of walking the streets of Lagos; they cruise through in air-conditioned, locked luxury S.U.V.s, sometimes driven by officers wearing the elephant and red eagle insignia of the national police, who divert traffic if necessary to speed their bosses through snarled traffic. And if Lagos gets too hot, or they can’t find a store carrying the Prada bag they want, they fly to Dubai or Cape Town for the weekend.

Luxury companies like Ermenegildo Zegna, Hugo Boss and Porsche, noticing this trend, have been opening up shop in Lagos.


Picture Source: Nigerian Tribune

Read the article, In Lagos, the 1% takes stock, in the Nigerian Tribune.

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