FACT CHECK: Is Lagos the third largest economy in Africa, as Shettima claims?

All Progressives Congress (APC) vice-presidential candidate Kashim Shettima has said that the economy of Lagos State is the third largest on the African continent.

The Governor said this Monday in Lagos during the ongoing Annual General Meeting of the Nigerian Bar Association (NBA).

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Verification

Available statistics from the Lagos State Presidency and Government have shown that Lagos is the 5th largest economy in Africa.

For example, in a statement in February 2021, President Muhammadu Buhari’s special adviser for media and publicity, Femi Adesina, said: “One of the important ways in which our support has been shown in Lagos is through funding federal special that we approved in 2020. in recognition of the state being an epicenter of the coronavirus pandemic.

“The challenges of Lagos must therefore be seen as part of the challenges of Nigeria. Therefore, the federal government will help Lagos overcome its challenges and prosper socially and economically.

“The Presidential Infrastructure Development Fund (PIDF) is investing in the reconstruction of the Lagos-Ibadan highway, while the Apapa-Oshodi-Oworonshoki highway is a flagship project of our road infrastructure tax credit program, also known as Executive Order 7 of 2019.

“This administration has also given Lagos its approval to rebuild the International Airport Road, a main road that connects the busiest airport in sub-Saharan Africa to the continent’s fifth-largest economy (Lagos).”

Similarly, in a tweet on January 23, 2019, the Governor of Lagos State, Mr. Babajide Sanwolu said, “Lagos economy is considered the 5th largest in Africa”.

He said his administration’s goal was to grow the economy exponentially by making it a 24-hour economy.

“We will put security and other factors in place to help us achieve this,” he added.

Along the same lines, a February 2022 BusinessDay report noted that Lagos remains Africa’s top investment destination and the continent’s 4th largest economy by gross domestic product.

Consequently, Daily Trust sought to speak to the Lagos State Commissioner for information, Mr Gbenga Omotosho, about the claim, but he did not respond to calls from our correspondent on his mobile.

Conclusion

Although the Lagos State government has promised to grow the economy to become the third largest in Africa, there is no evidence that the feat has been achieved. As such, Shettima’s claim is unverifiable.

This fact check was carried out in partnership with the Center for Democracy and Development (CDD).

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