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FAAN Hq, CBN Departments relocation to Lagos and what’s obtainable around the world

Edited by Philip Obin

It is not uncommon for countries to have their political and commercial capitals situated in different states or cities. This is often due to historical, economic, or geographical reason for

Having separate political and commercial capitals can have its advantages. It allows for a division of power and resources between the two cities, which can lead to a more balanced and efficient governance.

Additionally, it can also lead to a more diverse and varied economy, as each city may have its own unique industries and businesses.

This also reflects the complex and multifaceted nature of modern governance and economics, and the need for adaptable and dynamic approaches to managing them.

For example, Washington D.C. is known as the political hub of the United States of America. It is home to the White House, the Supreme Court, and the U.S. Capitol building. The city’s rich history and architecture attract millions of visitors each year.

On the other hand, New York City is the commercial capital of the United States. It is the center of global finance, commerce, and culture. The city is home to Wall Street, the New York Stock Exchange, and a wide range of multinational corporations.

Moving on to China, Beijing is not just the political capital but also a cultural hub. It is home to some of the country’s most iconic landmarks, including the Great Wall of China, Tiananmen Square, and the Forbidden City.

Shanghai, on the other hand, is China’s financial and commercial capital. It is one of the world’s largest ports and a hub for international trade and investment.

In Germany, Berlin is the political and cultural capital. It is a city steeped in history and home to numerous museums, galleries, and monuments. Frankfurt, on the other hand, is the financial hub of the country and a major center for the European economy.

Moving on to Canada, Ottawa is the political capital and home to the Canadian parliament. Toronto, on the other hand, is the business and financial capital of the country. It is home to the Toronto Stock Exchange and a wide range of businesses, including major banks and multinational corporations.

In South Africa, Pretoria is the political capital and home to the government and administrative offices. Johannesburg, on the other hand, is the commercial capital and the largest city in the country. It is a hub for mining, finance, and telecommunications.

Yamoussoukro is the political capital of Cote D’Ivoire. It is a small city with a population of just over 300,000. Abidjan, on the other hand, is the commercial capital and the largest city in the country. It is a hub for commerce, finance, and industry.

There are several other countries where the political and commercial capitals are located in separate states, such as:

Bolivia: Political capital is La Paz while commercial capital is Santa Cruz de la Sierra.

Malaysia: Political capital is Kuala Lumpur while commercial capital is Selangor.

Myanmar: Political capital is Naypyidaw while commercial capital is Yangon.

Finally, in Nigeria, Abuja is the political capital and home to the government and administrative offices. Lagos, on the other hand, has been the commercial, business, and financial capital of the country; and one of the fastest-growing cities in Africa and a hub for trade and investment.

In conclusion, knowing the difference between a country’s political and commercial capital is crucial for understanding its economic and social landscape.

We must strive to educate ourselves and others to avoid speaking out of ignorance.

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