₦airaland Forum

Goodvibes007:
https://www.pulse.ng/articles/news/local/lagos-becomes-africas-2nd-largest-city-economy-as-gdp-hits-dollar259-billion-2025031218125946368

I was expecting to see you on the Obasa threads
I thought you said he's going soon
So it's this lies you're using to console yourself in your corner
Lagos alone carries more than half of Nigeria's GDP and it makes sense to you abi?
You guys need to rest

Commentor:
Na for some people to chop otapiapia.

Every development in the SW is concentrated in Lagos, leaving other states to lie fallow. This is unlike the SE where development is distributed

mrvitalis:
Nigeria's GDP is 199 billion dollars
But someone want me to believe Lagos GDP is 256 billion dollars? Lmaooo

The propaganda is now too childish no effort again

World Economics estimates Nigeria's 2024 GDP at $2.513 trillion in PPP terms (Purchasing Power Parity) and an initial estimate of $2.593 trillion for 2025. This figure is 91% higher than the official estimate published by the World Bank.
World Economics' methodology incorporates crucial factors often overlooked in official estimates, such as:

The size of the informal economy: It is estimated that 57% of Nigeria's economic activity occurs outside the formal sector.
Outdated GDP base year data: Many countries use outdated base years for their GDP calculations, leading to an underestimation of economic growth. Nigeria uses a 14 year old GDP base year.
By adjusting for these factors where required, World Economics provides a more accurate picture of Nigeria's true economic size and potential.

For reference, offical data reported Nigeria's GDP as $568 billion in 2015 constant prices and $375 billion in current prices for 2024.
Data source: World Economics Research, London

GetSenseNow:
Every development in the SW is concentrated in Lagos, leaving other states to lie fallow. This is unlike the SE where development is distributed

You want us to Grok, then you'll later run away when the facts slap you in the face.

Abiodunstephen:
World Economics estimates Nigeria's 2024 GDP at $2.513 trillion in PPP terms (Purchasing Power Parity) and an initial estimate of $2.593 trillion for 2025. This figure is 91% higher than the official estimate published by the World Bank.
World Economics' methodology incorporates crucial factors often overlooked in official estimates, such as:

The size of the informal economy: It is estimated that 57% of Nigeria's economic activity occurs outside the formal sector.
Outdated GDP base year data: Many countries use outdated base years for their GDP calculations, leading to an underestimation of economic growth. Nigeria uses a 14 year old GDP base year.
By adjusting for these factors where required, World Economics provides a more accurate picture of Nigeria's true economic size and potential.

For reference, offical data reported Nigeria's GDP as $568 billion in 2015 constant prices and $375 billion in current prices for 2024.
Data source: World Economics Research, London

Are you guys catching cruise or you believe this trash you wrote up

Obaaderemi2:
There you go again just like I predicted. Who are your people committing suicide?
Jonathan was borrowing to pay salaries and subsidies, Buhari was not only borrowing, he was also printing money so that ignorant people like you can buy rice at #18k per bag and fuel at #180. Little did you know that you were eating your future and those of your unborn children.

You may like to read up on Argentina and Lebanon to see where Nigeria was heading before hard decisions were taken by this administration. Now, the economy is growing again and it's unlikely that Nigeria would default on its loans or go into recession at all in Tinubu's first four years. Even inflation has declined. Our global ratings are going up again.
But like I said, someone like you would never understand since you can't see beyond the next plate of food

And what were you doing to Jonathan just like I've been saying?

Stop shooting yourself on the foot

mrvitalis:
Nigeria's GDP is 199 billion dollars
But someone want me to believe Lagos GDP is 256 billion dollars? Lmaooo

The propaganda is now too childish no effort again

press their neck my brother, agenda must agend.

A city with it’s our train lagos train standard is better than several European countries many African countries not have that kind of electric train working for 3yrs now

obyno82:
So which one is Lagos GDP that was quoted here? Is it real or nominal GDP? Bros Nigeria's GDP is hanging at the $400billion mark so there is no way that figure for Lagos state is accurate. This is yet another sensational gimmick at propaganda and lies.

Your problem is poor education or a stunted brain or both.

The article clearly states GDP (PPP), my post that you quoted clearly states GDP (PPP) and you are here talking about real and nominal making stooopid comments asking daft questions? If you don’t know what GDP (PPP) is shouldn’t you google before responding?

The only sensation is the level of dumb products of our educational system.

lordm:
Igbos will come and cry

Why will they be crying 😂😂😂😂




What of Yorubas,is Lagos yoruba Land.

ogododo:
With 80% Igbo contributed development.

yes o, and the all of igbos contribution in the whole of southeast can't stand Ibadan and ogun nit to talk of Lagos. What an irony

mrvitalis:
Nigeria's GDP is 199 billion dollars
But someone want me to believe Lagos GDP is 256 billion dollars? Lmaooo

The propaganda is now too childish no effort again

can you help me google that of the whole of south east combined ?

opamoses1:
That's why Cairo Anambra is number 1 on the list. Since Anambra state is 99.999% governed by Igbos.

dont bother replyin ibos....
they will tire you out....

they need this chest beatin to not feel completly useless in nigeria....

ogododo:
With 80% Igbo contributed development.

Sometimes.. the way individual Eboes think and talk..it gives the impression the whole tribe is moronic.
I really fear for the younger ibo generation, their fathers and grandfathers really messed things up for them .

mrvitalis:
Nigeria's GDP is 199 billion dollars
But someone want me to believe Lagos GDP is 256 billion dollars? Lmaooo

The propaganda is now too childish no effort again

GDP in Nigeria is expected to reach 379.13 USD Billion by the end of 2025, according to Trading Economics global macro models and analysts expectations

are we usin the same google....

Which one be OBJ, Criticism on the Lagos-Calabar Coastal Highways?
What happened to the Lagos- Ibadan Express Roads- he awarded to the Lawyer ,then,that didn't leave Lagos- Berger circles and was eventually abandoned, and is now being Completed by APC- govt,so what is he saying?
What happened to the 16$ Billion Power Sector-Lights,so called Independent Power Energy Sector - during his time? Till tomorrow, everything gone to the wind!
Baba,I beg rest o!

obidark:
GDP in Nigeria is expected to reach 379.13 USD Billion by the end of 2025, according to Trading Economics global macro models and analysts expectations

are we usin the same google....

Oga drop link na no be cho cho cho

Mubiola360:
can you help me google that of the whole of south east combined ?

i could....how much you pay me to find out....??

mrvitalis:
Oga drop link na no be cho cho cho

https://tradingeconomics.com/nigeria/gdp

you think all nigerians only talk....??
many of us go try find out too before talkin....

casualobserver:
Your problem is poor education or a stunted brain or both.

The article clearly states GDP (PPP), my post that you quoted clearly states GDP (PPP) and you are here talking about real and nominal making stooopid comments asking daft questions? If you don’t know what GDP (PPP) is shouldn’t you google before responding?

The only sensation is the level of dumb products of our educational system.

many dont understand the difference....

i dont completly understand it either....

With all the economic opportunities some.pwopw still do owo da....

obidark:
GDP in Nigeria is expected to reach 379.13 USD Billion by the end of 2025, according to Trading Economics global macro models and analysts expectations

are we usin the same google....

expected ... But not


So dude Is right

mrvitalis:
Nigeria's GDP is 199 billion dollars
But someone want me to believe Lagos GDP is 256 billion dollars? Lmaooo

The propaganda is now too childish no effort again

Nigeria's GDP is currently being rebased. In fact, it is completed but not yet released. Lagos has rebased theirs. Within the context of the national rebase, Lagos' new GDP sits comfortably and logically.

obidark:
https://tradingeconomics.com/nigeria/gdp

you think all nigerians only talk....??
many of us go try find out too before talkin....

https://www.statista.com/statistics/1120999/gdp-of-african-countries-by-country/
Hope they taught you quotation in school?

BreconHills:
Nigeria's GDP is currently being rebased. In fact, it is completed but not yet released. Lagos has rebased theirs. Within the context of the national rebase, Lagos' new GDP sits comfortably and logically.

Lmaooo debasing doesn't mean the percentage drop isn't the same

Debasing has no logic it's a fell good mechanism nothing more

mrvitalis:
Nigeria's GDP is 199 billion dollars
But someone want me to believe Lagos GDP is 256 billion dollars? Lmaooo

The propaganda is now too childish no effort again

In 2023, now past, Nigeria's nominal GDP was $363.85 billion so what year are you quoting 1998?

Furthermore, nominal GDP is predicted to hit $379.13 USD Billion by Q4 2025 so only od knows where you get your own figures from.

Suffice to say some of us are aware of you and your nauseating ilk to accept that only those not know aware of your antecedent here as a chronic hate of the SW and Yorubas, you envy and feel inferior to, will not understand your obsession with using half-truth and even outright deception to try and diminish the achievement of the region and people which, in real terms, is second to non in Nigeria.

obidark:
many dont understand the difference....

i dont completly understand it either....

At least you were humble enough to ask unlike others who comment on what they know nothing about.

Nominal GDPis the actual raw GDP measured and unadjusted. So if you produced $400b worth of goods and services that is your nominal GDP

Real GDP is your GDP adjusted for inflation. As an example inflation is 30% If sell 1 car today for 10m and 1 sell the same car next year for N13m. Under nominal GDP it may appear my GDP has increased to N13m but the reality is that 13m only reflects increase in prices due the inflation of 30% in reality my GDP has not changed so in real GDP we adjust the inflation of 30% and we get real output of N10m meaning no growth. Real GDP measures real actual growth not inflated figures due to price rises due to inflation.

Finally we have GDP (PPP) which is purchasing power parity. Since every country uses different currencies but GDP is calculated in dollars for comparison, PPP is used to adjust GDP to factor in differences in what a dollar can buy in different economies. For instance $1 will buy you. almost 2 liters of petrol in Nigeria but in the Uk it will only buy you 1 liter. Similarly $10,000 will get you a luxury 5/6 bed rental property in Nigeria but you will NOT be able to rent a room in a shared house in London for the same amount. So PPP is used to adjust for the value of a $ in different countries because the purchasing power of $1 in one country is different from the purchasing power of $1 in another.

Think of it this way, nominal is how much physical dollars do you have, Real is the actual value of the dollar and PPP is what the dollar can buy in your country compared to other countries.

UltraSolid:
In 2023, now past, Nigeria's nominal GDP was $363.85 billion so what year are you quoting 1998?

Furthermore, nominal GDP is predicted to hit $379.13 USD Billion by Q4 2025 so only od knows where you get your own figures from.

Suffice to say some of us are aware of you and your nauseating ilk to accept that only those not know aware of your antecedent here as a chronic hate of the SW and Yorubas, you envy and feel inferior to, will not understand your obsession with using half-truth and even outright deception to try and diminish the achievement of the region and people which, in real terms, is second to non in Nigeria.

Bros I have you a world Bank GDP rankings in Africa... You ate quoting me a journey and an AI sit?

Did you go to the link I sent you? Did you see the source

mrvitalis:
Bros I have you a world Bank GDP rankings in Africa... You ate quoting me a journey and an AI sit?

Did you go to the link I sent you? Did you see the source

Lol. You're a clown. Hope you can see the sources at the bottom. No one has time for your semantics you wish to use to assist your agenda of deception.

You've been doing it her like forever as a dishonest hack and from years ago when you announced Obi as unfit to lead only to swallow your own vomit be begin de lsring hims as "the best" since he de lsfed tou run for the Presidency.

You are a joker and a shamelessly unprincipled liar who is highly agitated and physically disturbed once the SW and/or Yorubas are lauded. If figures are contradictory, you cannot use the one that suits you to makes your claim. You should prove your figures are correct exhaustively.

Lagos Economy is bigger than that of Nigeria? Incredible. I know you people are useless propagandists but take it easy with this madness. Because, as of this morning, SA, Algeria, Egypt all have GDP greater than $259 billion. And Lagos economy is within 40 - 60 trillion naira, how is that $259 billion. You incompetent illiterate propagandist should take it easy.

UltraSolid:
Lol. You're a clown. Hope you can see the sources at the bottom. No one has time for your semantics you wish to use to assist your agenda of deception.

You've been doing it her like forever as a dishonest hack and from years ago when you announced Obi as unfit to lead only to swallow your own vomit be begin de lsring hims as "the best" since he de lsfed tou run for the Presidency.

You are a joker and a shamelessly unprincipled liar who is highly agitated and physically disturbed once the SW and/or Yorubas are lauded. If figures are contradictory, you cannot use the one that suits you to makes your claim. You should prove your figures are correct exhaustively.

Nigeria GDP was 363 billion in 2023 ok
What was our exchange rate in 2023
And what is our exchange rate now... Factor that in add the 5% growth... Do the maths let's see

obyno82:
Hold on please bring statistics and show us the percentage of igbo population every year for the past 30years that move to Lagos. Show us the trend analysis let us now analyse. Please take it easy with lies and propaganda.

No wonder our brothers from the east see it as their small London. It's the prayer and dream of every igbo man/woman to visit Lagos before dying