Lagos GDP Hits $259 Billion, Becomes Africa’s Second Largest City Economy

Our Reporter Lagos State, under the Governor Babajide Sanwo-Olu-led administration, has cemented its position as one of Africa’s economic powerhouses, with its Gross Domestic Product (GDP) reaching an impressive $259 billion based on Purchasing Power Parity (PPP). The incredible achievement, revealed on Wednesday during the official launch of the Lagos Economic Development Update (LEDU) 2025, now places Lagos as the second-largest city economy on the continent, behind only Cairo in Egypt. The report noted that the milestone can be attributed to the strategic initiatives of the State Government to increase…

Read More