Mobility - June 2020 - 56

DESTINATION PROFILE: LAGOS

Finances
Transportation
Infrastructure has not kept pace with increased urbanization, and the supply and quality of power, water and
waste management, and road infrastructure are under
strain, particularly in Lagos. A great deal of infrastructure development is in progress-the challenge is keeping pace with the sheer number of the city's inhabitants.
Most expatriates have drivers, not because expatriates
are not permitted to drive, but because the local driving
style requires a skill set most expatriates do not possess.
Local drivers are better equipped to navigate relations with
local police, extremely congested traffic conditions, and
often poor roads. Most companies provide their expatriate
employees with a car and a driver.
Once again, social distancing and lockdowns notwithstanding, traffic congestion in Lagos has to be experienced
to be comprehended. Prior to the pandemic, about 7 million people or more were typically on the move daily, on
both the mainland and the adjoining islands. The islands
are connected to the mainland via a limited number of
causeways that are brought to a standstill during peak
traffic times, which last much longer than in other cities.
For expatriates relocating to Lagos, it is critically important to understand the impact of the city's transportation
challenges and to find an acceptable balance among work,
home, and school locations.
Public transport is not recommended for expatriates but
consists mainly of minibus taxis called dankos and motorbike taxis called okadas. Drivers are skillful in navigating the
chaos; however, the rules of the road are largely ignored.
Although drivers are not aggressive, a professional driver
and a 4x4 vehicle are essential for newcomers to the city.
Drivers familiar with traffic patterns, layout of the city,
and dealing with local policing practices are invaluable in
reducing frustrations for newcomers.
If expatriates choose to drive, they will need to obtain a
Nigerian driver's license, as international driving permits
are not accepted. The process of getting a Nigerian driver's
license is fairly simple, but it can take some time to navigate
potential bureaucratic hurdles.

56 Mobility | June 2020

Nigerian goods and services are subject to
VAT at 7.5%. Personal income tax ranges
from 7% to 24% depending on income.
Nonresidents are subject to the same tax as
residents. Double taxation agreements exist
between Nigeria and some other countries.
Lagos is ranked as one of Africa's most
expensive cities for expatriates. Expat housing
is expensive in Lagos, as a premium is paid to
live in an expat area and to cover additional
fees for security, water, and electricity as noted
previously. Imported foods are costly, and the
need for a driver and international schooling
also add to the cost of assignments.
The local currency, the naira, fluctuates
frequently and significantly against the
U.S. dollar, which needs to be factored into
payroll, the local package being reviewed
quarterly, and the bulk of the package being
paid in the home location.
Nigeria has a well-developed banking sector, with both local and international banks
represented. Expatriates can open a local
bank account, and typically do for day-today transactions, but most expats also prefer
to keep an offshore bank account.



Mobility - June 2020

Table of Contents for the Digital Edition of Mobility - June 2020

Mobility - June 2020 - Cover1
Mobility - June 2020 - Cover2
Mobility - June 2020 - 1
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Mobility - June 2020 - Cover3
Mobility - June 2020 - Cover4
https://www.nxtbook.com/ygsreprints/WERC/mobility-june-2021
https://www.nxtbook.com/ygsreprints/WERC/mobility-may-2021
https://www.nxtbook.com/ygsreprints/WERC/mobility-april-2021
https://www.nxtbook.com/ygsreprints/WERC/mobility-march-2021
https://www.nxtbook.com/ygsreprints/WERC/mobility-february-2021
https://www.nxtbook.com/ygsreprints/WERC/mobility_122020
https://www.nxtbook.com/ygsreprints/WERC/mobility_112020
https://www.nxtbook.com/ygsreprints/WERC/mobility_102020
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https://www.nxtbook.com/ygsreprints/WERC/mobility_082019
https://www.nxtbook.com/ygsreprints/WERC/mobility_072019
https://www.nxtbook.com/ygsreprints/WERC/mobility_062019
https://www.nxtbook.com/ygsreprints/WERC/mobility_052019
https://www.nxtbook.com/ygsreprints/WERC/mobility_042019
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