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Ekiti Has Higher GDP Than Gambia, Cape Verde, Seychelles- Osinbajo

Vice-President of Nigeria, Yemi Osinbajo has intimated that Ekiti State is a thriving state with a higher gross domestic product (GDP) than Gambia and several other African nations.

Osinbajo posited that the federal states in Nigeria must think like sovereign nations to enhance the wellbeing of their residents.

He charged the individual states to work earnestly to boost the economy of the states as he compared the states to other African nations that are not doing better than the individual states.

Osinbajo made his submission at the Fountain Summit held in Ekiti. 

“The economy of the subnational is a peculiar animal. A state within the federation is not a nation, but it must behave like a nation. It derives some resources from the federal pool and generates some income,” the vice-president said.

“The sum of those will provide infrastructure and services to the communities. But the size of the sum and the quantum of opportunities available for the populace will depend on how the state enables local and external investors — small and large — to put their resources into businesses in the state.

“Two Saturdays ago, I represented Mr President at the swearing-in ceremony of the new president of the Sao Tome and the Principe Republic. As I sat in that well-appointed hall and took in the solemn grandeur of the oath-taking of the new democratically elected president, I reflected. Here was a country whose GDP is $472 million and it’s a nation.

“It has one vote in the United Nations just as we have. Ekiti state has a GDP of $2.8 billion – five times the GDP of the nation of Sao Tome and Principe but it’s not just Sao Tome and Principe.

“Ekiti’s GDP is higher than that of the nation of Gambia. Gambia has a GDP of $1.9 billion and also a higher GDP than that of Cape Verde with a GDP of $1.7 billion or Seychelles, the lovely tourist destination which has just $1.1 billion.

“Ekiti’s GDP is the same as the GDP of Liberia which just has $2.95 billion and we’re talking about Ekiti state now, we’re not even talking about Lagos.

Source:GhGossip.com

Source: CelebritiesbuzzGh | Ekiti Has Higher GDP Than Gambia, Cape Verde, Seychelles- Osinbajo