Lagos begins computation of N30Trillion GDP

Ahead of the presentation of the 2018 budget estimates by Governor Akinwunmi Ambode, the Lagos State government has commenced computation of its N30trillion Gross Domestic Product, (GDP).

This was even as the National Bureau of Statistics confirmed Lagos as unarguably Africa’s 5th largest economy, saying that the continued economic development of the state was critical to the nation’s development.

Speaking with Sunday Telegraph after a stakeholders’ meeting on computation of the Lagos GDP, Permanent Secretary, Ministry of Economic Planning and Budget, Mr. Abayomi Kadiri explained that the computation of GDP had been undertaken solely by the federal government until recently when it dawned on constituent state beginning from Lagos, that it could be taken by them.

New Telegraph, December 10, 2017

 

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