The Lagos State Government has revealed that its Gross Domestic Product, GDP, has moved from N27trn to N41 trillion within four years of Governor Babajide Sanwo-Olu’s administration.

Commissioner for Economic Planning and Budget, Mr. Ope George, disclosed this on Thursday, during the ongoing ministerial press briefing to commemorate the first year in office of the second term of Governor Sanwo-Olu, held at Alausa, Ikeja, Lagos.

According to George, “Over the last couple of years, Lagos had face numerous challenges particularly when COVID 19 and Endsars struck.

The Lagos State Government has revealed that its Gross Domestic Product, GDP, has moved from N27trn to N41 trillion within four years of Governor Babajide Sanwo-Olu’s administration.

Commissioner for Economic Planning and Budget, Mr. Ope George, disclosed this on Thursday, during the ongoing ministerial press briefing to commemorate the first year in office of the second term of Governor Sanwo-Olu, held at Alausa, Ikeja, Lagos.

According to George, “Over the last couple of years, Lagos had face numerous challenges particularly when COVID 19 and Endsars struck.

“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. “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 per cent 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 N27trn 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.”

GDP is the standard measure of the value added created through the production of goods and services in a country during a certain period.

Sonyboom:
Just watch n notice how only one tribe in Nigeria n entire world will be angry with this news. Just one full of hate n jealousy.

I no mention name but just watch them quite multiple times once this hit frontpage.

Bulldozer90:
a Lagos market is currently being burnt by hoodlums. The governor is being deluded by the mirage of what he is seeing now. Investors are seeing another thing. Trust me divestment will happen rapidly.

100millionGoal:
Yet they can't boast of something as little as constant light

kettykin:
From 5th to 7th, wonders shall never cease

tegrianonigltd:


The 7th, they lied. They would be 19th.

Bulldozer90:
a Lagos market is currently being burnt by hoodlums. The governor is being deluded by the mirage of what he is seeing now. Investors are seeing another thing. Trust me divestment will happen rapidly.

Sonyboom:

The Lagos State Government has revealed that its Gross Domestic Product, GDP, has moved from N27trn to N41 trillion within four years of Governor Babajide Sanwo-Olu’s administration.

Commissioner for Economic Planning and Budget, Mr. Ope George, disclosed this on Thursday, during the ongoing ministerial press briefing to commemorate the first year in office of the second term of Governor Sanwo-Olu, held at Alausa, Ikeja, Lagos.

According to George, “Over the last couple of years, Lagos had face numerous challenges particularly when COVID 19 and Endsars struck.

The Lagos State Government has revealed that its Gross Domestic Product, GDP, has moved from N27trn to N41 trillion within four years of Governor Babajide Sanwo-Olu’s administration.

Commissioner for Economic Planning and Budget, Mr. Ope George, disclosed this on Thursday, during the ongoing ministerial press briefing to commemorate the first year in office of the second term of Governor Sanwo-Olu, held at Alausa, Ikeja, Lagos.

According to George, “Over the last couple of years, Lagos had face numerous challenges particularly when COVID 19 and Endsars struck.

“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. “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 per cent 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 N27trn 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.”

GDP is the standard measure of the value added created through the production of goods and services in a country during a certain period.

https://www.vanguardngr.com/2024/05/lagos-gdp-hits-n41trn-ranks-7th-in-africa/

Sonyboom:

https://www.vanguardngr.com/2024/05/lagos-gdp-hits-n41trn-ranks-7th-in-africa/

Sonyboom:
Legacy of Bola Ahmed Tinubu

Some people claim all Tinubu knows how to do is generate IGR then I begin to wonder should humans be celebrating those not able to generate increase in IGR.

The Alpha Beta that pioneered this revenue generation is what some people call evil n fraud yet no company or business of their since 1999 is able to raise 1/100 of what Alpha Beta as done.

As a decentralized Nigeria just imagine if your tribesmen is the one with innovation to generate such income for your state n you come online to see ipob label your effort as fraud how will you feel or respond to that.