Lagos State is Nigeria’s commercial capital no doubt, but it might have also earned itself the merriment capital after it was disclosed that about N36 billion is spent annually on weekend partying and merry making.
This jaw-dropping figure was dropped by Governor Babatunde Fashola weekend at the 4th edition of the Lagos Ignite Enterprise and Employability Project – a joint youth empowerment programme between the government and the After School Graduate Development Centre (AGDC).
He said: “A study of nightlife carried out by the government in five local governments (areas) Agege, Mushin, Ifako-Ijaiye, Ikorodu and Ikeja, showed that about N3 billion was spent on 1, 555 parties held within the period.”
Gov. Fashola noted that the figure was collated after a study of the cultural side of Lagos party life, putting the monthly estimate at N3 billion. According to this estimate, in 12 months, about N36 billion is spent on partying in the state.
He urged the youth to tap into the investment opportunities provided by such occasions.
The study was carried out between the months of October and November 2012 with Thursday, Friday and Saturday taken as study samples for four weeks, the governor said.
He said: “In 12 nights, 1,555 parties were held in those local governments. In terms of drinks, food and all other engagements during such parties, about N1.2 billion was spent and when we disaggregated them, we saw how much went to DJ, MC, food and drinks.”
The governor further disclosed that clothing materials worn during such parties popularly called “aso-ebi”, gulped at least N1.2 billion monthly, saying the market has huge potentials with much yet to be tapped it.
He urged the youth to look beyond securing white collar jobs just as he also cited the revolution and huge money spinning opportunities in refuse collection and provision of rest rooms during events started by individuals.