Lagos GDP Hits $259 Billion, Emerges Second-largest City Economy in Africa Emmanuel Addeh in Abuja The Gross Domestic Product (GDP) of Lagos state has hit $259 billion, based on Purchasing Power Parity
(PPP), placing it as the second-largest economy on the continent and trailing only behind Cairo, the Egyptian capital. This was made known yesterday
during the official launch of the Lagos Economic Development Update (LEDU) 2025 in Nigeria's commercial centre. Executed under the Ministry of
Economic Planning and Budget (MEPB), the document highlighted strategies for economic resilience, fiscal sustainability, and revenue mobilisation.
Speaking at the presentation of the report, the Commissioner for MEPB, Ope George, emphasised that the 2025 LEDU provides critical insights to guide policy decisions.
He reiterated the state’s commitment to fiscal sustainability, economic diversification, and infrastructure Continued on page 10
NNPC: Nigeria Attracted $17bn FDI in 2024 on Tinubu's Regulatory Reform... Page 6 Thursday 13 March, 2025 Vol 30. No 10931. Price: N400
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Akpabio vs Natasha: Senate Presents Defence Before IPU, Seeks Fair Hearing Emmanuel Addeh, Sunday Aborisade in Abuja and Adibe Emenyonu in Benin City
L-R: Seyi Kumapayi, Executive Director, African Subsidiaries, Access Bank PLC; Kanayo Awani, Executive Vice President, Africa Export-Import Bank (Afreximbank); Roosevelt Ogbonna, Managing Director/Chief Executive Officer, Access Bank PLC; Iyabo Soji-Okusanya, Executive Director, Commercial and Investment Banking Division, Access Bank PLC; Nathalie Louat, Global Director, IFC/World Bank Group; and Dr. Marc Auboin, Counsellor, Economic Research and Statistics, World Trade Organisation (WTO), at the inaugural Africa Trade Conference organised by Access Bank in Cape Town, South Africa… yesterday
The Senate yesterday defended its decision to suspend Senator Natasha Akpoti-Uduaghan before the InterParliamentary Union (IPU), the global organisation of national parliaments, maintaining that the federal lawmaker was not given the marching orders Continued on page 10
Wike: Heavens Won't Fall If Fubara is Impeached, Gov Locked Out of Assembly On his way to comply with Supreme Court judgement PANDEF seeks win-win outcome, urges president to take definite steps to resolve crisis Deji Elumoye, Olawale Ajimotokan, Adedayo Akinwale in Abuja and Blessing Ibunge in Port Harcourt
Minister of the Federal Capital Territory (FCT), Nyesom Wike, yesterday, scoffed at threats of consequences over purported plans to impeach Rivers State Governor Siminalayi Fubara, saying the sky isn’t going to fall if
he is impeached. Wike’s comments came after the Rivers State House of Assembly, led by Martins Amaewhule, yesterday, denied Fubara access to the Assembly premises for a re-presentation of the 2025 appropriation bill, which was ordered by the Supreme Court. Continued on page 10
After Meeting Tinubu, Lagos Lawmakers US AMBASSADOR VISITS EFCC... His Excellency, Richard Mills Jr. American Ambassador to Nigeria; Executive Chairman, EFCC, Mr. Ola Olukoyede; and Christine Harbaugh, Sing ‘On Your Mandate We Shall Stand’... Page 8 L-R: Counsellor for Economic Affairs, US Mission, Nigeria, during the ambassador's courtesy visit to the anti-graft commission... on Tuesday