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Rivers, Lagos And Delta, Are The Highest Contributors To Nigeria's Gdp - Business - Nairaland

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Rivers, Lagos And Delta, Are The Highest Contributors To Nigeria's Gdp by omoge25(f): 8:10am On Jul 11, 2007
http://www.businessdayonline.com/?c=45&a=14508

Three states, Rivers, Lagos and Delta, are the highest contributors to Nigeria’s Gross Domestic Product (GDP), with their contributions amounting to 37 percent of total GDP.
Kirk Leigh
Facts to this effect emerged last week from Economic Associates, an economy think-tank and research organisation.

According to Ayodele Teriba, managing director of Economic Associates, Rivers State contributed 15 percent of the nation’s GDP in 2005 to emerge as the leading contributor to the nation’s economy followed by Lagos State that contributed 12 percent. Delta State’s 10 percent contribution was enough to earn it a third place.

Of the three states, Rivers and Delta are oil-producing states and are at the heart of the Niger Delta region. Lagos, however, thrives on commerce and has been recognised as the commercial nerve centre of the nation.

The contribution of the three states, Teriba reveals, is up to a third of the total GDP of the country and this is comparable to the contributions of 28 states put together, which amounts to 32 percent. Figuring prominently in this 28 are Borno, Kaduna, Katsina, Niger and Ogun states.

Bayelsa contributes 10 percent to the GDP but, in absolute terms, its contribution is a mite lower than Delta State’s; it assumes the third position in the contribution matrix.

In line with its appellation as the commercial centre of the country, Lagos State led the other 35 in the non-oil sector’s contribution to the economy. The state, according to Teriba, contributed 19 percent and this matches with the contribution of 13 states put together.

Four other states on the top-10 list are Kano, Oyo, Rivers and Benue states. In contributions to the oil sector, Rivers State again led the charts with a 29 percent input, while at 22 percent, Bayelsa State was on the second spot, followed by Delta State in third position with 19 percent.
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Re: Rivers, Lagos And Delta, Are The Highest Contributors To Nigeria's Gdp by Mariory(m): 2:06pm On Jul 11, 2007
There are some on these forum boards that claim Lagos thrives on stolen oil money from the Delta. I wonder what their opinion is on this article.
Re: Rivers, Lagos And Delta, Are The Highest Contributors To Nigeria's Gdp by omoge25(f): 4:02am On Jul 12, 2007
i agree with that.

Mariory:

There are some on these forum boards that claim Lagos thrives on stolen oil money from the Delta. I wonder what their opinion is on this article.

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