The Lagos State Government has disclosed that its Gross Domestic Product (GDP) has surged from N27 trillion to N41 trillion within four years of Governor Babajide Sanwo-Olu’s administration.
The State Commissioner for Economic Planning and Budget, Mr. Ope George, revealed this during a press briefing, stating, “Over the last couple of years, Lagos had faced numerous challenges, particularly when COVID-19 and EndSARS struck.”
He continued, “And so we have had a lot of shocks within our system over the last couple of years, and with everything going on around the world. We are currently riding the curve and we are coming out on a better side.”
George emphasized, “You hear sometimes when they say Lagos is one of the largest economies in Africa, and truly, it’s not static; we will continue to move based on what’s going on in the world. As we speak now, I believe that we are currently ranked 7th in terms of GDP in Africa. We contributed at least a minimum of over 20% of Nigeria’s GDP, and you will find that over a period of review, during the first term of Mr. Governor, we are moving in the right direction. Our GDP has moved from about N27 trillion to N41 trillion; everything shows that our indices are climbing in the right direction despite all the shocks and all the problems we have witnessed in the past.”
