Lagos ranks as the fifth richest city in Africa, and is home to over 50% of Nigeria’s wealthiest people according to Henley & Partners.
With its growing class of high-net-worth individuals, the city has become a hotspot for luxury dining, where fine cuisine thrives regardless of Nigeria’s economic fluctuations.
Home to approximately 5,400 millionaires, 16 centimillionaires, and 3 billionaires, Lagos naturally attracts an ecosystem of high-end restaurants.
Upscale neighborhoods like Victoria Island and Lekki house some of the city’s finest dining establishments, each offering an exclusive culinary experience tailored to a wealthy clientele.
But in Lagos, fine dining is not just about food—it is a statement. From opulent interiors to meticulously crafted menus and top-tier service, these restaurants provide an experience that goes beyond the plate, catering to a discerning audience that values sophistication and status.
This thriving fine dining culture is part of a larger hospitality industry that plays a significant role in Nigeria’s economy. The country’s food industry alone is valued at $209 billion, according to Rushdi Ibrahim, Managing Director of Burger King. He notes that Nigeria’s expanding middle class and growing appetite for global cuisine make it an attractive market for both local and international hospitality brands looking to expand.
In this article, we spotlight 10 founders behind some of Lagos’ most exclusive fine dining establishments—exploring their journeys, their vision, and how their ventures continue to redefine food and luxury in the city.
- Owner: Taiwo Smith(Co-founder)
- Year it started: 2023
- Location: 16 Akin Adesola St, Victoria Island
- Average Menu Price: N30,000
Taiwo Smith is the co-founder and executive chef of The Smiths, a premier cocktail room and upscale dining venue in Lagos, Nigeria. The restaurant is owned by Kehinde and Taiwo Smith, the same people who own Cafeteria and Maple.
- Known for its blend of luxury dining and nightlife, The Smiths offers an exciting mix of global flavors, from Asian and Mediterranean to Latin American cuisines.
- Taiwo, who divides her time between Chicago and Lagos, has created a space that emphasizes the joy of slowing down and savoring every moment.
- The restaurant’s philosophy revolves around cultural fusion, delivering expertly crafted cocktails paired with an array of carefully curated dishes. Located at 16 Akin Adesola St, Victoria Island, Lagos, with an outstanding 5.0 rating across various review platforms, The Smiths has quickly become a top choice for those seeking an unforgettable dining experience in Lagos.
While the average spend per person is N30,000, a complete dining experience at The Smiths typically costs around N45,000-N75,000 for a full experience, reflecting its upscale offerings.
Taiwo’s commitment to quality has earned The Smiths a reputation as one of Lagos’ best spots for fine dining.
