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Africa: Lagos Becomes Africa's Second Largest City Economy As GDP Hits $259 Billion

Summary by allAfrica
Lagos State has cemented its position as one of Africa's economic powerhouses, with its Gross Domestic Product (GDP) hitting $259 billion based on purchasing power parity (PPP).

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allAfricaallAfrica

Africa: Lagos Becomes Africa's Second Largest City Economy As GDP Hits $259 Billion

Lagos State has cemented its position as one of Africa's economic powerhouses, with its Gross Domestic Product (GDP) hitting $259 billion based on purchasing power parity (PPP).

·South Africa
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thewillnews.comthewillnews.com

Lagos $259bn GDP Milestone Celebration: It’s Not Yet Uhuru

March 16, (THEWILL) – Lagos has reached a new economic milestone, ranking as Africa’s second-largest city economy behind Cairo. The state government attributes this achievement to strategic economic policies, improved fiscal planning, and an expanding private sector. Recent reports indicate that Lagos now has a Gross Domestic Product of $259 billion based on the Purchasing […] The post Lagos $259bn GDP Milestone Celebration: It’s Not Yet Uhuru a…

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Afric InfoAfric Info

Lagos emerges as Africa’s 2d-largest town financial system as GDP hits $259 billion – Industry Insider Africa

Source link : https://afric.news/2025/03/15/lagos-emerges-as-africas-2nd-largest-city-economy-as-gdp-hits-259-billion-business-insider-africa/ Creator : Victoria Jones Post date : 2025-03-15 06:08:00 Copyright for syndicated content material belongs to the related Source.

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World ABC NewsWorld ABC News

Africa’s biggest city dubbed ‘worst place to live’

While Africa is home to some incredible cities, like the blue streets of Chefchaouen in Morocco and Cape Town and Johannesburg in South Africa, there are some which a leave little to be desired. In fact, Africa’s largest city has been dubbed the second-worst place to live in the world, just behind Syria’s capital, Damascus, which was in the midst of a civil war. Lagos, Nigeria, is home to an estimated 21 million people, making it both the larges…

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NairametricsNairametrics

Lagos state service sector leads GDP contribution in 2024, outpaces others

Lagos State’s service sector is the leading contributor to the state's economy, accounting for the largest share of its GDP in 2024.  The post Lagos state service sector leads GDP contribution in 2024, outpaces others appeared first on Nairametrics.

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Business HallmarkBusiness Hallmark

Lagos economy: Rhodes-Vivour faults Sanwo-Olu’s $259bn GDP claim Business Hallmark

Gbadebo Rhodes-Vivour, the 2023 governorship candidate of the Labour Party (LP) in Lagos State, has faulted the claim by Babajide Sanwo-Olu, the state governor, that Lagos achieved a Gross Domestic Product (GDP) of $259 billion based on Purchasing Power Parity. Sanwo-Olu had announced that Lagos has achieved a Gross Domestic Product (GDP) of $259 billion […] The post Lagos economy: Rhodes-Vivour faults Sanwo-Olu’s $259bn GDP claim first appeared…

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Per Second News broke the news in on Wednesday, March 12, 2025.
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