Lagos State contributes N41 trillion (20 per cent) to the country’s Gross Domestic Product (GDP), Commissioner for Economic Planning and Budget, Ope George, has said.
According to him, despite many challenges, such as COVID-19 and Endsars protest, the state has devised strategies to keep its economy afloat and boost investor confidence. He said the state would continue to move based on world economic reality.
He said: “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, I believe we are currently ranked seventh in terms of GDP in Nigeria. We contribute at least over 20 per cent of Nigeria’s GDP.
“We are moving in the right direction and I think our GDP has moved from about 27 to 41 trillion; everything shows that our indices are climbing in the right direction despite all the shocks and problems we witnessed in the past.”
