PapaBrowne:


These figures are totally wrong and have zero basis. How did the author come up with these discombobulated stats?

From reliable agencies, Lagos state alone has an estimated GDP of $80 billion which equates to 13 Trillion. But this reports arrogates 8.2 trillion to the whole of the South West.

The assumed total GDP OF Nigeria from these fake stats is (15.65 + 8.4 + 8.2 + 5.7 + 1.4 +1.2)= Approximately 24 Trillion Naira. In Dollars, that is 130 Billion Dollars. The last time Nigeria's GDP measured 130 Billion Dollars was in the early 2000's when oil was still selling at $25 per barrel.

Nigeria's GDP stands around $510 BILLION which is equivalent to over 85 Trillion Naira. These figures are fake.

They are most likely presented for political purposes most likely sponsored by the north west ruling class to create an impression that they contribute immensely to the economy versus the South east.And that the only reason the South South has such figures is the oil it possesses. The North West consists of Kano, Kaduna, Katsina, Sokoto, Kebbi, Jigawa, Zamfara. Minus Kano and Kaduna, the rest are empty arid zones many of which dont have up to 10 banks serving the whole state. Banks follow GDP and that's why they have their highest concentration in Lagos, Abuja and PH. The last I checked, CBN released figures indicating that a majority of all cash transactions happen in Lagos, PH, Abuja, Aba and Onitsha.
The long and short of it all is that these are fake figures with political undertones. Its pathetic that people still resort to these kinds of misinformation to further their parochial interests.

PapaBrowne:


These figures are totally wrong and have zero basis. How did the author come up with these discombobulated stats?

From reliable agencies, Lagos state alone has an estimated GDP of $80 billion which equates to 13 Trillion. But this reports arrogates 8.2 trillion to the whole of the South West.

The assumed total GDP OF Nigeria from these fake stats is (15.65 + 8.4 + 8.2 + 5.7 + 1.4 +1.2)= Approximately 24 Trillion Naira. In Dollars, that is 130 Billion Dollars. The last time Nigeria's GDP measured 130 Billion Dollars was in the early 2000's when oil was still selling at $25 per barrel.

Nigeria's GDP stands around $510 BILLION which is equivalent to over 85 Trillion Naira. These figures are fake.

They are most likely presented for political purposes most likely sponsored by the north west ruling class to create an impression that they contribute immensely to the economy versus the South east.And that the only reason the South South has such figures is the oil it possesses. The North West consists of Kano, Kaduna, Katsina, Sokoto, Kebbi, Jigawa, Zamfara. Minus Kano and Kaduna, the rest are empty arid zones many of which dont have up to 10 banks serving the whole state. Banks follow GDP and that's why they have their highest concentration in Lagos, Abuja and PH. The last I checked, CBN released figures indicating that a majority of all cash transactions happen in Lagos, PH, Abuja, Aba and Onitsha.
The long and short of it all is that these are fake figures with political undertones. Its pathetic that people still resort to these kinds of misinformation to further their parochial interests.

HappyJoe: Please could we look at these things objectively.

Ayo Teriba is obviously a very intelligent man, but without solid data, there's a limit to the depth of his analysis.

1. This analysis was done before our economy was rebased.
2. That means that key sectors such as Nollywood, Telecoms & many services sectors weren't taking into account.
3. You cannot accurately describe the economy of say, Anambra without taking into consideration the impact of Nollywood (Aba & Onitsha) & a lot of other services.
4. So Ayo Teriba's analysis cannot be correct.

MayorofLagos: Im going to restrain myself from commenting on tbis most important topic of the century.

SE has spent all its money putting up modern roofs to give an aerial impression to visitors flying in to the region. The impression fade off the moment visitors land and have to wade through flooded tarmac and terminals at the international airport. seaport.