NewStats: 3,263,934 , 8,181,941 topics. Date: Sunday, 08 June 2025 at 08:11 PM 2h463v

Nigeria's commercial capital, Lagos, has made another economic leap, as its Gross Domestic Product (GDP) rose to US$259.75 billion based on Purchasing Power Parity (PPP), cementing the state's position as one of Africa's economic forces.

The new economic milestone was announced during the official launch of the Lagos Economic Development Update (LEDU) 2025 on Wednesday, March 12.

The report stated that Lagos has become the second-largest economy on the continent, only behind the Egyptian capital, Cairo, due to its impressive development.

According to the report, the state's Gross Domestic Product (GDP) stood at US$259.75 billion in 2023.

It also noted that Lagos's economy witnessed significant growth in the first half of 2024, expanding to N27.38 trillion, representing a substantial increase from N19.65 trillion in 2023.

This growth highlights the robustness of Nigeria's commercial capital, which has continued to show resilience amid economic reforms and ongoing infrastructural investments.

However, the growth reflected a need for enhanced revenue mobilisation efforts, as shown in the tax-to-GDP ratio, which was unimpressive at 2.3%.

Lagos economic outlook
Looking into the future, Governor Babajide Sanwo-Olu-led Lagos State government has set ambitious projections for the 2025 fiscal year to bring economic expansion and stability.

The service sector will continue on its expansion trajectory, with improvements in agriculture and industrial production complementing the success. Also, the continued decline in the prices of Petroleum Motor Spirit (PMS), popularly known as petrol, and a stable naira/dollar exchange rate are expected to aid economic stability.

At the same time, the forecast puts headline inflation at 34.2%, with food inflation slightly higher at 34.9%.

For revenue projection, the state government also anticipates generating N2.79 trillion in revenue for 2025, stressing the need for increased fiscal discipline and diversification of revenue sources.

https://www.pulse.ng/articles/news/local/lagos-becomes-africas-2nd-largest-city-economy-as-gdp-hits-dollar259-billion-2025031218125946368

With 80% Igbo contributed development.

Legacies of Jagaban.

Bola Ahmed Tinubu, his excellency, and his mentees - Fashola, Ambode, and Sanwo Olu.

ogododo:
With 80% Igbo contributed development.

That's why Cairo Anambra is number 1 on the list. Since Anambra state is 99.999% governed by Igbos.

Na for some people to chop otapiapia.

opamoses1:
Legacies of Jagaban.

Bola Ahmed Tinubu, his excellency, and his mentees - Fashola, Ambode, and Sanwo Olu.

Yes o my brother. Tinubu finish work for that state.

Governor Tinubu, now President Tinubu, laid the foundation. I when he went to China to hustle for investors for the Lekki Free trade zone. That alone changed the fortunes of Lagos. Same place is where the biggest US embassy in the world is now being built. Same place also houses the deepest sea port in Nigeria.

Nigeria's GDP is 199 billion dollars
But someone want me to believe Lagos GDP is 256 billion dollars? Lmaooo

The propaganda is now too childish no effort again

mrvitalis:
Nigeria's GDP is 199 billion dollars
But someone want me to believe Lagos GDP is 256 billion dollars? Lmaooo

The propaganda is now too childish no effort again

Nigeria GDP was 363.8 billion USD (2023).
Grew 2.74% by end of 2023.
Grew 3.40% by end of 2024.
And it's still rapidly growing. Just 6 days ago.

https://www.dabafinance.com/en/news/nigeria-gdp-grows-at-fastest-pace-in-three-years-on-services-boom

Let's stay positive.

So where is Johannesburg, Cape Town, Pretoria, Algiers, Rabat etc.

mrvitalis:
Nigeria's GDP is 199 billion dollars
But someone want me to believe Lagos GDP is 256 billion dollars? Lmaooo

The propaganda is now too childish no effort again

I tire. As if lagos gdp is not part of Nigeria gdp

opamoses1:
Legacies of Jagaban.

Bola Ahmed Tinubu, his excellency, and his mentees - Fashola, Ambode, and Sanwo Olu.

Hahaha hahaha!

He reached Abuja cement finished.


🤣🤣🤣🤣🤣🤣🤣

Our brothers from the land of the rising tears won't let us rest now with their tears

This is one of tinubu legacy that we all can see, just ask them to mention one thing their agulu fraud did in anambara that is still seen till now then war go start.

They developed everywhere n when e reach to develop their own region cement finish

ogododo:
With 80% Igbo contributed development.

the first picture is that of grok disputing Igbos age long lies of developing Lagos

The same Igbos who developed Lagos but once it's turn to develop their region cement finish

The second one is the top 50 companies in Lagos n tribe of its owners n Igbos no dey dere at all

Statistics don lie

So how did Igbos develop Lagos when facts says otherwise

Factcheck0001:
A

You are booking space .... after carefully avoiding the thread where Tinubu asked Obasa be left alone only to come here to masturbate abi? Joker!! 😂

Your hypocrisy will kill you people one day.

phantomxx:


You are booking space .... after carefully avoiding the thread where Tinubu asked Obasa be left alone only to come here to masturbate abi? Joker!! 😂

Your hypocrisy will kill you people one day.

I never drop bombshell on your flat head n u are already jittery

Chinedu calm down, we ain't here to kill but burst Igbo lies

Factcheck0001:
I never drop bombshell on your flat head n u are already jittery

Chinedu calm down, we ain't here to kill but burst Igbo lies

Go and grow a spine in a lab somewhere .... bloody cowardly cretin!! 😂

Wanking over Lagos one illiterate boy from Anambra pays more tax to in a month just from selling spare parts than your lazy lineage has done in a decade. 😂

Smartcitizen:



Hahaha hahaha!

He reached Abuja cement finished.


🤣🤣🤣🤣🤣🤣🤣

This is the first time since Obasanjo years that Nigeria is on track. But I don't expect someone like you to understand

Obaaderemi2:
This is the first time since Obasanjo years that Nigeria is on track. But I don't expect someone like you to understand

YES on track of suffering and pretending and most of your people committing suicide.


Hypocrisy is in the blood of an average Yoruba person because if another person from another region was the president and doing this, most of you would have been making noise and shouting like a wounded monkey.

You are very terrible people.

phantomxx:


Go and grow a spine in a lab somewhere .... bloody cowardly cretin!! 😂

Wanking over Lagos one illiterate boy from Anambra pays more tax to in a month just from selling spare parts than your lazy lineage has done in a decade. 😂

so Igbos Dey pay tax in Lagos but their governors said paying task is an herculean task to an average Igbo

Top 50 businesses in Lagos Igbo no dey, u think say development na by selling fake chargers n gadgets?

I too love Yorubaland

I too hate one useless tribe like that land

Factcheck0001:
so Igbos Dey pay tax in Lagos but their governors said paying task is an herculean task to an average Igbo

Top 50 businesses in Lagos Igbo no dey, u think say development na by selling fake chargers n gadgets?

😂... go and grow a spine!!

"Let Obasa be" 😂

mrvitalis:
Nigeria's GDP is 199 billion dollars
But someone want me to believe Lagos GDP is 256 billion dollars? Lmaooo

The propaganda is now too childish no effort again

Nigeria Africa largest economy is 199b?

Omo nna oshi

phantomxx:


Go and grow a spine in a lab somewhere .... bloody cowardly cretin!! 😂

Wanking over Lagos one illiterate boy from Anambra pays more tax to in a month just from selling spare parts than your lazy lineage has done in a decade. 😂

you igbos should stop forcing yourself on Yorubaland. We don't like you people. Take your rubbish tax to you landlocked region. They need it there the most.
We don't want you animals

This topic should have read, Lagos GDP overtakes Nigeria's GDP.


Gross Demented problem

Onitsha, Anambra is the 1st in Africa, thanks to Obi’s multimillion dollar hero beer company that’s now worth NEXT to nothing. Anambra leads, others follow

Igbos will come and cry

LIES FROM THE PIT OF HELL

How many people go cry?

Our city
Our precious !

We can be the pride of Africa and the world. We can make Nigeria the destination and dream land of others

Thanks to everyone that has been a major contributor to this massive development…
Everyone’s contribution no matter how little or how massive matters… from north to the south, everyone matters

City of fortune.

mrvitalis:
Nigeria's GDP is 199 billion dollars
But someone want me to believe Lagos GDP is 256 billion dollars? Lmaooo

The propaganda is now too childish no effort again

😄😄😄😄