Lagos is the former capital of Nigeria. It is the largest and most populated city in the country. Lagos is the fastest growing city in Nigeria behind Abuja. The city has an estimated population of around 16 million people. The unemployment rate in Nigeria increased between the first and second quarter of 2015. It went from 7.5 to 8.2 percent. Between 2006 and 2015 the unemployment rate averaged around 11.5 percent. The highest rate recorded was in 2011 when it stood at 23.9 percent. The lowest rate was 5.3 percent in 2006. Lagos is the home of the University of Lagos that was founded in 1962. It is a federal government research university.
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