https://m.youtube.com/watch?time_continue=35&v=2eRSte3vxVw&feature=emb_title

Officials of Nigeria’s ruling All Progressives Congress (APC) have alleged that Lagos State is the third-largest economy in Africa. The claim spread after an influential ex-governor of the state, Bola Ahmed Tinubu, was nominated as the APC’s candidate for the presidential election set for February 2023. His running mate, Kashim Shettima, made the same assertion at a recent lawyers’ conference. But AFP Fact Check found this to be false: official data shows that, though the state is Nigeria’s biggest economy, it is not among the top five economies on the continent.

Formerly the seat of the government, Lagos is Nigeria’s economic capital. It tops the list of the best African cities for tech startups and is home to Nigeria’s busiest seaport and the country offices of tech giants like Google and Microsoft.

“Lagos is the third largest economy in Africa,” Shettima said at the annual general meeting of the Nigerian Bar Association in Lagos on August 22, 2022.

He made the comments while listing Tinubu’s achievements when he was state governor between 1999 and 2007.

Festus Keyamo, the spokesman for Tinubu’s election campaign and Nigeria’s junior minister for labour and employment, made the same claimduring an interview with Nigerian broadcaster Arise TV in early August.

Nigeria’s biggest economy

Lagos state is Nigeria’s biggest economy and was responsible for 15.3 percent of the country’s gross domestic product (GDP) in 2021.

Figures from the National Bureau of Statistics (NBS) showed that the state had the highest internally generated revenue (IGR) in 2020, with 419 billion naira (US$1.1 billion at the time) collected in taxes and dues. That amount is more than triple the revenue of the second-best state, Rivers, which collected 118 billion naira during the same period.

Meanwhile, NBS’ half-year report for 2021 revealed that Lagos collected some 267 billion naira in taxes -- more than triple the 69 billion naira reaped by Nigeria’s capital city, Abuja.

Tinubu is credited with changing the way taxes and levies are collected in the state, which has seen its IGR steadily increase.

But the claim that the state has the third largest economy in Africa is false.

Ninth, not third-largest economy

AFP Fact Check searched the website of the state’s ministry of economic planning and budget and found a document that shows the GDP figures of the state between 2013 and 2021.

The report was issued by the Macro Economic Statistics Division of the Lagos Bureau of Statistics (LBS).

The agency confirmed to AFP Fact Check that the document was authentic and could have only been published on the website after the approval of the commissioner in charge of the ministry.

According to the official document, Lagos’s GDP was 26.587 trillion naira in 2021 (US$75.965 billion at the time).

That figure represents about 15.3 percent of Nigeria’s GDP, which stood at 173.527 trillion naira during the same period.

In terms of percentage contribution to the national GDP, the 2021 figure was the lowest contributed by the state over a five-year period between 2017 and 2021. The document cited the COVID-19 pandemic as a key reason for the decline.

World Bank data shows Lagos State is not Africa’s third-largest economy - whether it is subtracted from or counted as part of Nigeria's national gross domestic product.

According to the report, the country's GDP was the largest on the continent in 2021 at US$440 billion.


Eight biggest economies in Africa in 2021 ( World Bank data / )

The value of Lagos State for the same year was US$75.965 billion.

This places it behind the economies of five countries in sub-Saharan Africa (Nigeria, South Africa, Ethiopia, Kenya and Ghana) and three in North Africa (Egypt, Algeria and Morocco).

If Lagos State were to be deducted from the national value, Nigeria would simply slump to the third position in Africa behind South Africa and Egypt.

Meanwhile, the state’s GDP remains larger than that of West African neighbours Niger, Benin, Togo, Chad, Sierra Leone, Liberia and the Gambia put together.

Don’t expect any truth from APC
Their party is built on lies

the state’s ministry of economic planning and budget and found a document that shows the GDP figures of the state between 2013 and 2021.

The report was issued by the Macro Economic Statistics Division of the Lagos Bureau of Statistics (LBS).

Epiphany92:
Don’t expect any truth from APC
Their party is built on lies

Its ironic you're saying this when its the state own data used to debunk them.

I think he wanted to say West Africa instead.

The BH kingpin VP nominee lies still being punctured left, right and centre.He was already standing the constitution on its head in saying he will manage security while the druggie criminal will manage the economy.

Just imagine the audacity. "Those who thrive on lies and propaganda will surely die of lies and propaganda."

3rd or 9th largest economy in Africa, wetin your own ipob states carry?. F9 aka Last position.


Other people dey progress and develop, you dey obsess over the difference between 3 and 9.


Ordinary state in Nigeria ahead of over 100 sovereign countries in Africa is massive

God bless Asiwaju Tinubu

God Bless Jakande, Fashola, Ambode and Sanwo Olu.

God bless Nigeria



God bless Lagos State

Make una help me ask this fools. A state n not a country carry 9th position among countries n foolish igbos that any of their states either combined or seperately can not attain 100th position among the countries is wailing like the typical oloriburuku tribe they are.

Op is clever by half.

Lagos is a state in Nigeria.

Compare Lagos with other states in Africa.

plaindealer:
3rd or 9th largest economy in Africa, wetin your own ipob states carry?. F9 aka Last position.


Other people dey progress and develop, you dey obsess over the difference between 3 and 9.


Ordinary state in Nigeria ahead of over 100 sovereign countries in Africa is massive

God bless Asiwaju Tinubu

God Bless Jakande, Fashola, Ambode and Sanwo Olu.

God bless Nigeria



God bless Lagos State

If we use states to measure in Africa, Lagos state will drop within 20 - 24.

A position amongst the top 20 countries is even very impressive, not to talk of being no 9.

4teenblaq:


If we use states to measure in Africa, Lagos state will drop within 20 - 24.

How? The entire SE is probably not within the top 20 countries.

ElSudani:


How? The entire SE is probably not within the top 20 countries.

there are two or more states in a country in Africa that has more advanced economy than Lagos state.

Buckeyemedia1:
https://m.youtube.com/watch?time_continue=35&v=2eRSte3vxVw&feature=emb_title

Officials of Nigeria’s ruling All Progressives Congress (APC) have alleged that Lagos State is the third-largest economy in Africa. The claim spread after an influential ex-governor of the state, Bola Ahmed Tinubu, was nominated as the APC’s candidate for the presidential election set for February 2023. His running mate, Kashim Shettima, made the same assertion at a recent lawyers’ conference. But AFP Fact Check found this to be false: official data shows that, though the state is Nigeria’s biggest economy, it is not among the top five economies on the continent.

Formerly the seat of the government, Lagos is Nigeria’s economic capital. It tops the list of the best African cities for tech startups and is home to Nigeria’s busiest seaport and the country offices of tech giants like Google and Microsoft.

“Lagos is the third largest economy in Africa,” Shettima said at the annual general meeting of the Nigerian Bar Association in Lagos on August 22, 2022.

He made the comments while listing Tinubu’s achievements when he was state governor between 1999 and 2007.

Festus Keyamo, the spokesman for Tinubu’s election campaign and Nigeria’s junior minister for labour and employment, made the same claimduring an interview with Nigerian broadcaster Arise TV in early August.

Nigeria’s biggest economy

Lagos state is Nigeria’s biggest economy and was responsible for 15.3 percent of the country’s gross domestic product (GDP) in 2021.

Figures from the National Bureau of Statistics (NBS) showed that the state had the highest internally generated revenue (IGR) in 2020, with 419 billion naira (US$1.1 billion at the time) collected in taxes and dues. That amount is more than triple the revenue of the second-best state, Rivers, which collected 118 billion naira during the same period.

Meanwhile, NBS’ half-year report for 2021 revealed that Lagos collected some 267 billion naira in taxes -- more than triple the 69 billion naira reaped by Nigeria’s capital city, Abuja.

Tinubu is credited with changing the way taxes and levies are collected in the state, which has seen its IGR steadily increase.

But the claim that the state has the third largest economy in Africa is false.

Ninth, not third-largest economy

AFP Fact Check searched the website of the state’s ministry of economic planning and budget and found a document that shows the GDP figures of the state between 2013 and 2021.

The report was issued by the Macro Economic Statistics Division of the Lagos Bureau of Statistics (LBS).

The agency confirmed to AFP Fact Check that the document was authentic and could have only been published on the website after the approval of the commissioner in charge of the ministry.

According to the official document, Lagos’s GDP was 26.587 trillion naira in 2021 (US$75.965 billion at the time).

That figure represents about 15.3 percent of Nigeria’s GDP, which stood at 173.527 trillion naira during the same period.

In terms of percentage contribution to the national GDP, the 2021 figure was the lowest contributed by the state over a five-year period between 2017 and 2021. The document cited the COVID-19 pandemic as a key reason for the decline.

World Bank data shows Lagos State is not Africa’s third-largest economy - whether it is subtracted from or counted as part of Nigeria's national gross domestic product.

According to the report, the country's GDP was the largest on the continent in 2021 at US$440 billion.


Eight biggest economies in Africa in 2021 ( World Bank data / )

The value of Lagos State for the same year was US$75.965 billion.

This places it behind the economies of five countries in sub-Saharan Africa (Nigeria, South Africa, Ethiopia, Kenya and Ghana) and three in North Africa (Egypt, Algeria and Morocco).

If Lagos State were to be deducted from the national value, Nigeria would simply slump to the third position in Africa behind South Africa and Egypt.

Meanwhile, the state’s GDP remains larger than that of West African neighbours Niger, Benin, Togo, Chad, Sierra Leone, Liberia and the Gambia put together.

He's using aboki cbn rate to cook his own figures

4teenblaq:


If we use states to measure in Africa, Lagos state will drop within 20 - 24.

Shouldn't you have done that and post the result instead of posting empty words about what's above your pay grade?

Why is it that when they say anything good about your country, you are always sad, upset and disappointed? All you want to hear and rejoice over is bad news.

Even is Lagos, an ordinary state in Nigeria is 20th ahead of other countries in Africa, is it not something to be proud of? Why must it be something for you not to be happy about?

4teenblaq:
there are two or more states in a country in Africa that has more advanced economy than Lagos state.

Even though you can not prove it, you are still happy to say that other countries are better than yours and state outside Nigeria economically than your own country?

This is a sad case of lack of pride, lack of self-worth, misplaced identity and sense of belonging.

plaindealer:


Even though you can not prove it, you are still happy to say that other countries are better than yours and state outside Nigeria economically than your own country?

This is a sad case of lack of pride, lack of self-worth, misplaced identity and sense of belonging.

Tell yourself the truth.. And work on it.. It is bitter but that is what it is.

plaindealer:
3rd or 9th largest economy in Africa, wetin your own ipob states carry?. F9 aka Last position.


Other people dey progress and develop, you dey obsess over the difference between 3 and 9.


Ordinary state in Nigeria ahead of over 100 sovereign countries in Africa is massive

God bless Asiwaju Tinubu

God Bless Jakande, Fashola, Ambode and Sanwo Olu.

God bless Nigeria



God bless Lagos State

So all of a sudden it doesn't matter that the APC guys told lies?
See how you're shamelessly digressing and twisting just to defend them.
You're part of the reasons Nigerians are determined to kick out APC.

plaindealer:



Shouldn't you have done that and post the result instead of posting empty words about what's above your pay grade?

Why is it that when they say anything good about your country, you are always sad, upset and disappointed? All you want to hear and rejoice over is bad news.

Even is Lagos, an ordinary state in Nigeria is 20th ahead of other countries in Africa, is it not something to be proud of? Why must it be something for you not to be happy about?

We are at this level because we celebrate mediocrity... Shey there no get state/province in Africa wey dey ahead of Lagos? How many times have you see it in a news or politician using it to campaign or citizens rubbing it on others face?

Make una grow up and make the country move in a good pace.

You no better pass South Africa or Gabon in terms of development. Top ten developed countries in Africa no reach your hand but you dey claim giant of Africa..

4teenblaq:


Tell yourself the truth.. And work on it.. It is bitter but that is what it is.

Truth is what you say and can stand by with facts, you are a liar because you can not prove all the fake rubbish you spewed.

You are not in any position to use that word, truth.

You've only managed to prove that you hate Lagos and your own country.

4teenblaq:


We are at this level because we celebrate mediocrity... Shey no im get state/province in Africa wey dey ahead of Lagos? How many times have you see it in a news or politician using it to campaign or citizens rubbing it on others face?

Make una grow up and make the country move in a good pace.

You no better pass South Africa or Gabon in terms of development. Top ten developed countries in Africa no reach your hand but you dey claim giant of Africa..

Yet, you are still not capable of substantiating your flawed rants with sane and intelligent facts. Your personal opinion and hatred for Lagos and Nigeria is your own personal problem, just prove that Lagos is 20thin Africa economically with facts.

Mediocrity is when you say empty and shallow rubbish that you can not prove with facts. You really are mediocre.

plaindealer:


Truth is what you say and can stand by with facts, you are a liar because you can not prove all the fake rubbish you spewed.

You are not in any position to use that word, truth.

You've only managed to prove that you hate Lagos and your own country.

I don't have your time because you guys don't care to do research when you are proven to be wrong. If I am lying you could've given me a a proof or information that alludes my assertion to be a lie..

In south Africa, Gauteng and Johannesburg( a capital city of GAUTENG) surpass Lagos state in terms of economy (GDP). PROVE ME WRONG.

We have not talked about Egypt, Morocco or other countries.

Funny tinibu urchins . U are comparing lagos to a country. Why not compare lagos to other cities in Africa
Lagos was collectively built by every Nigerian. If nigeria were to break up, lagos won't even be among the top 50 economies in africa

4teenblaq:


If we use states to measure in Africa, Lagos state will drop within 20 - 24.

https://africa.businessinsider.com/local/lifestyle/top-10-wealthiest-cities-in-africa/2l5l5t4

https://bigthink.com/strange-maps/richest-cities-in-africa/

https://www.visualcapitalist.com/map-cities-hold-africas-wealth/


Number 4

Based on cities.... You can't compare a state to an entire country

4teenblaq:


I don't have you time don't care to do research when you are proven to be wrong. If I am lying you could've given me a a proof or information that alludes my assertion to be a lie..

In south Africa, Gauteng and Johannesburg( a capital city of GAUTENG) surpass Lagos state in terms of economy (GDP). PROVE ME WRONG.

We have not talked about Egypt, Morocco or other countries.

We know this already, all you have time for is lies and spewing rubbish that you can not prove with facts.

Shallow brain with empty rubbish..

plaindealer:



Yet, you are still not capable of substantiating your flawed rants with sane and intelligent facts. Your personal opinion and hatred for Lagos and Nigeria is your own personal problem, just prove that Lagos is 20thin Africa economically with facts.

Mediocrity is when you say empty and shallow rubbish that you can not prove with facts. You really are mediocre.

A city in Guateng province of south Africa has more GDP than a whole Lagos state.. Go and verify.. The name of the city is Johannesburg.

tonyuny12:


https://africa.businessinsider.com/local/lifestyle/top-10-wealthiest-cities-in-africa/2l5l5t4

https://bigthink.com/strange-maps/richest-cities-in-africa/

https://www.visualcapitalist.com/map-cities-hold-africas-wealth/


Number 4

Based on cities.... You can't compare a state to an entire country

Who is doing the comparison if not you guys?

plaindealer:


We know this already, all you have time for is lies and spewing rubbish that you can not prove with facts.

Shallow brain with empty rubbish..

Go and find out and stop acting like a dumb head.

4teenblaq:


A city in Gauteng province of south Africa has more GDP than a whole Lagos state.. Go and verify.. The name of the city is Johannesburg.

Still spewing unsubstantiated, meaningless and unintelligent rubbish without facts.

What else do you really know how to do?

Where is your proof that Lagos is 20 -24th?


There's more to life than lying your life out on the internet.

plaindealer:



Still spewing unsubstantiated, meaningless and unintelligent rubbish without facts.

What else do you really know how to do?

Where is your proof that Lagos is 20 -24th?


There's more to life than lying your life out on the internet.

if only Johannesburg (which is a mere city like ikoyi) could surpass a whole Lagos state GDP, I wonder where western cape and KwaZulu would put Lagos state to. We have not mention provinces in Algeria, Morocco, Egypt etc..

With provinces in south Africa, Lagos state is already at fourth position, imagine if we add others from Egypt, Algeria and Morocco.. Lagos state should be around 12 or 13th.

Racoon:
The BH kingpin VP nominee lies still being punctured left, right and centre.He was already standing the constitution on its head in saying he will manage security while the druggie criminal will manage the economy. Just imagine the audacity

"Governance is not for smooth talkers. Most smooth talkers are the 419 people who talk their ways into power...." - Festus Keyamo

"Those who thrive on lies and propaganda will surely die of lies and propaganda."

Eg Lai Moha***d @nd APC

4teenblaq:
if only Johannesburg (which is a mere city like ikoyi) could surpass a whole Lagos state GDP, I wonder where western cape and KwaZulu would put Lagos state to. We have not mention provinces in Algeria, Morocco, Egypt etc..

With provinces in south Africa, Lagos state is already at fourth position, imagine if we add others from Egypt, Algeria and Morocco.. Lagos state should be around 12 or 13th.

Same baseless and meaningless rubbish without facts..

Find something better to do with your life.