The economics of euphoria: Unlocking opportunities in Lagos' festive economy

    Oluyemi Adeosun | Insights | Mar 23, 2026    
Get Unlimited Access
Subscribe to unlock this article

Complete digital access to quality journalism on any device. Cancel anytime during your trial.

Once registered, you can:

  • Read this article and many more, including access to epapers and research
  • Enjoy customize article feed/recommendation based on your profile
  • Enjoy access to Businessday exclusive events
  • One-Access accross Businessday platforms

Share this article
Shared
5013
times

Lagos, known as the heartbeat of Africa's creative economy, has redefined itself over the years through its unique cultural phenomena, none more significant than Detty December. This season has evolved from a mere festive period to an unparalleled economic engine, shaping multiple sectors including entertainment, hospitality, retail, and transportation. In 2025, Lagos saw an explosion of economic activity, with consumer spending totaling ₦396.54 billion ($287.35 million), underscoring the immense potential for investment and growth during this period.

Continue reading your article with a
BusinessDay subscription





Already a subscriber?
Sign In
RECOMMENDED STORIES
support_agent