Meet 10 Founders of the most expensive restaurants in Lagos 

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.

NOK by Alara

Reni Folawiyo is a Nigerian entrepreneur, businesswoman, and lawyer who has made significant strides in promoting African fashion, art, and cuisine. She is the founder and CEO of ALÁRA, West Africa’s premier destination for fashion, art, food, design, and culture.

Established in February 2015, ALÁRA is housed in a purpose-built iconic structure on Lagos’ Victoria Island.

Reni serves as a board member for Sparkle Nigeria and The Alternative Bank, furthering her impact on Nigeria’s business and financial sectors.

Shiro is the brainchild of entrepreneurs Sanjay Mahtani and Jay Singh. Sanjay Mahtani’s journey into the hospitality industry began as a childhood hobby, later evolving into a serious pursuit in 2000 in Bangalore.

Located at Block XVI 3 & 4, Victoria Island, Oniru Estate, Shiro Lagos has established itself as one of the city’s premier fine dining restaurants. With its blend of modern elegance and diverse culinary offerings, the restaurant has become a popular choice for both local and international guests.

Dining at Shiro Lagos comes with a premium price tag, with the average menu price starting at N20,000. The restaurant is open daily from noon, and reservations can be made. Shiro Lagos has received positive feedback from its patrons, maintaining a 4.6/5 rating on Facebook (from 94 votes) and a 4.4/5 rating on Google (from 1,695 reviews).

Dining at Shiro Lagos comes with a premium price tag, with the average menu price starting at N20,000. The restaurant is open daily from noon, and reservations can be made. Shiro Lagos has received positive feedback from its patrons, maintaining a 4.6/5 rating on Facebook (from 94 votes) and a 4.4/5 rating on Google (from 1,695 reviews).

Nahi Halabi is the Co-Founder and Managing Director of Pistachio Foods LTD, a leading name in Nigeria’s food industry. With over a decade of experience, Halabi has been a driving force behind the success of his ventures, including his role in founding R.S.V.P., an upscale restaurant and bar located in Victoria Island, Lagos. He founded the company alongside his wife, Mahi.

A full dining experience per head costs as much as N40,000 per head.

THE SMITHS 

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.

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.

Tracy Nwapa is the dynamic founder and owner of Slice Lagos, a contemporary restaurant located in Victoria Island. After relocating from Detroit, Michigan, where she studied Broadcast Journalism, TV, and Film Production at Wayne State University, Tracy quickly made a name for herself in Nigeria’s media industry, working with top outlets like Made Magazine, Sound City Music Channel, and Flytime TV.

In 2010, Tracy founded Slice Lagos, blending her passion for culinary experiences with her flair for design. The restaurant offers a unique fusion of cultural cuisines in a setting that combines artistic design with fine dining.

At Slice Lagos, each item on the menu starts from about N8,000, with a full dining experience averaging over N20,000 per person. The establishment has become a go-to spot for those seeking a blend of flavorful cuisine, exceptional service, and a visually stunning atmosphere.

Tobi Hamilton, the founder of Hamilton & Hamilton, a boutique agency established in May 2020, has over 13 years of combined experience in strategy, marketing, public relations, and business development.

Specializing in creating tailored solutions for clients, the agency focuses on telling brand stories and driving business growth through innovative, seamless execution. In addition to her role at Hamilton & Hamilton, she is the Founder and CEO of THE HOUSE Lagos, a unique social venue that blends home-like warmth with a vibrant atmosphere. THE HOUSE offers a space for relaxation, networking, and enjoyment, appealing to both young and old. Since its opening in 2017, it has become one of the most sought-after spots in Lagos.

She is also the Executive Director at Balosh Integrated Services, where she manages operations, business development, and strategy to ensure the company thrives through changing economic climates.

Her earlier career includes stints at G-Star RAW and Abercrombie & Fitch, where she managed operations, marketing, and retail. With expertise in disruptive strategy, she is a graduate of Harvard Business School and holds a CIM Professional Diploma in Marketing.

Malaika Najem is an entrepreneur with a passion for design, hospitality, and aesthetics. Her journey began in jewelry-making, founding Malaika Najem Contemporary Jewelry, where she spent four years crafting unique pieces. Educated at Alchimia, she honed her skills in metal and jewelry arts before expanding her creativity into hospitality.

In 2015, she launched The Flowershop, a floral and lifestyle brand that evolved into Flowershop Café in 2019. Located at 274 Akin Adesola St, Victoria Island, the café is safely tucked away in downtown Lagos, offering an escape from the city’s hustle and bustle. The café is known for its premium menu, where an English breakfast combo starts at N25,000 and could cost more depending on additional selections.

Malaika’s expertise in design and hospitality, refined during her managerial role at Delis, is evident in Flowershop Café’s carefully curated ambiance. It has a 4.5 star rating according to Google Business.

Loubna Fakhri-Baker, of Lebanese descent, was born and raised in Senegal before moving to Nigeria in 2008. A trailblazer in the hospitality industry, she is the co-founder of Hedonista Hospitality Group, the parent company of Craft Gourmet, Kaly Restaurant and Bar Lounge, and other renowned dining establishments in Lagos.

With a diploma from Ecole Hôtelière de Lausanne (EHL), one of the world’s premier hospitality management schools, Loubna brings a wealth of expertise to her ventures. In 2016, she and her husband, Anu Baker, launched Craft Gourmet by Lou Baker, an open-kitchen restaurant, tea room, deli, and catering service celebrated for its fresh, high-quality ingredients and exceptional dining experience.