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This paper underscores the place of firms’ investment in agglomeration economies in the Lagos region, Nigeria. The first stage in the collection of primary data involves the reconnaissance survey of the study area, while the second stage involves the administration of questionnaire to 103 firms in the twelve industrial estates of the region. All the firms identified during the reconnaissance survey were successfully covered. The paper revealed that majority of the firms invested above two hundred million naira in their plants. Agglomeration economies enjoyed include; power supply economies, transport economies, research and development economies and labour economies among others. The canonical correlation analysis carried out to test the influence of firms investment on the degree of agglomeration economies enjoyed amongst firms was significant, the analysis revealed Fvalue 3.2045 and the tabulated F-value 2.70. Result revealed that firms’ investments led to the use of improved technology, increased capacity utilization, acquisition of adequate and right personnel (labour), increased output, and realisation of more economies. The contribution of firm’s investment to agglomeration economies has positively boosted the local economy. The study recommends that governments have an important role to play in encouraging small, medium and large scale enterprises. This could be achieved by given tax holiday to start-up investors, relaxation of the laws governing the importation of raw materials. A financial assistance in form of loan should be given to interested investors, while the collateral securities should be affordable.

The place of firms investment in agglomeration economies amongst insutries in the Lagos region, Nigeria