fastest developing state in nigeria

This is according to analysis carried out by Nairalytics, the research arm of Nairametrics. 16 States now have improved erosion risk maps, towards ensuring better-quality catchment management plans prepared for 31 sites across States. Notably, Lagos State accounted for 31.5% of the total internal revenue generated by the 36 states of the federation including the FCT. We all know that Abuja is not one of the states in Nigeria, but who compiles a list of the most developed places in Nigeria without including the countrys capital Abuja? given its nearness to the North and East than Lagos. As the nations capital, you can be sure that development is a must at least in the major parts of the city. Yes Akwa Ibom. Lagos State was founded on 27th, May 1967 and so far has always been the first choice of every other Nigerian from other states. Analytical cookies are used to understand how visitors interact with the website. Already, Lagos is one of the biggest cities in Africa, and one of the fastest-growing cities in the world. The southeast continues to witness unrest resulting from separatist agitations. The Inc. Regionals award is an extension of the media company's annual Inc. 5000 list, which recognizes the fastest-growing private companies in the U.S.To qualify for the regional recognition . This is also the case for Africa looking at the list of Africas fastest growing cities in Table 1, many of these cities were previously unknown to me. Hence, it would be prudent to access the fastest growing sectors in the Nigerian economy. Promoting Jobs and Economic Transformation and Diversification. Rivers State, a major oil-producing region of the country stands fourth on the list with an estimated IGR per population of N6,621 in the first half of 2021, representing a 14.2% decline compared to N7,718 recorded in the previous year. Water Supply, Sewerage, Waste Management and Remediation sector grew by an outstanding 14.75% in Q1 2021 when compared with 1.92% in Q4 2020 and -0.18% in Q1 2020. The opening ceremony was presided . Nigeria is a beautiful and developing nation flourishing with various natural resources and manpower. Without wasting more time, lets take a look at the most developed Nigerian states right now. If you were searching for a well researched and comprehensive list of the most developed states in te country, we hope you found this article helpful. Smh, Akwa Ibom state governor, Godswill Akpabio. Following the pandemic induced recession in 2020, Nigerias economic growth recovered but macroeconomic stability weakened. Link Copied! Lagos is water bounded and the commercial capital of the country. But opting out of some of these cookies may affect your browsing experience. The National Social Safety Net Project has: Created a National Social Registry (NSR) for Nigeria, Captured about 814,376 households included in the National Social Registry and recorded about 3.2 million Direct Project Beneficiaries of the program, 49% of this number are female, By June 2019, almost a million poor and vulnerable households in the NSR had benefitted from 10,000 Naira bi-monthly Conditional Cash Transfer program; expected to reach 1 million poor and vulnerable households by end of 2019, Benefitted 20 states from targeted cash transfers. The World Bank is helping to fight poverty and improve living standards for the people of Nigeria with more than 130 IBRD loans and IDA credits since 1958. The state boasts of various industries and this is the backbone of the state as that is where most of its IGR is generated from. He also noted that the state government would scale up its engagement with the World Bank, International Institute for Tropical Agriculture (IITA), Ibadan and the African Development Bank (AfDB) in its bid to make the state an official special agro-processing zone. As usual, Lagos State takes the first spot on this list and it is currently the most developed state in the country and if you have ever been to Lagos state, then you can confirm this when comparing the states to other states in te federation. Despite the position of the state on the list, it is worth noting that about 55% of its total available annual revenue is received from the federal purse, indicating that Rivers State is highly dependent on FAAC allocations. Mega-cities need mega-economies. Today it's north of 111,000 . Sunday, 19th February 2023. It is a South Western state located next to Lagos which is the first state on this list of the most developed states in the country. Lagos state is one of the most developed states in Nigeria, it is a state in the southwestern geopolitical zone of Nigeria. It is bounded by Benin republic and other South Western states which includes Kwara, Osun, and Ogun States. Nigeria is a beautiful and developing nation made of many states, cities, and communities which contribute their quota to the development of the country. Below are 5 of the strongest non-oil sector that generated N52,255,809.62 million in revenue and the fastest-growing sectors in the Nigerian economy for Q3 2022. Meanwhile, continued scarcity of foreign exchange and tighter liquidity could affect the economic activity in the non-oil sector and undermine the overall macroeconomic stability. The rankings of the states contained in this article are based on various factors which include access to basic amenities by inhabitants of the said state, level of infrastructural development, internally generated revenue, the standard of living of inhabitants, and a whole lot of other ranking factors. It does not store any personal data. Edo state is the fastest developing state in Nigeria and the governor is Adams Oshiomolem.. After Amaechi leaves office he cant be president of boys scout of nigeria talkless of Nigeria. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. This cookie is set by GDPR Cookie Consent plugin. Those people carrying rumours that the state is hugely indebted to new generation banks are either not well informed or enemies of progress. When it comes to agriculture, Kano State is a state that focused on agriculture and human resources, having groundnuts as the major agricultural products and also other agro commodities. Any list of the fastest growing cities will be heavily influenced by the selection criteria used. Partners in Nigeria include: African Development Bank (AFDB); Canadian International Development Agency (CIDA); European Union (EU); French Development Agency (AFD); German Agency for International Development (GIZ); German Development BankKfW; International Monetary Fund (IMF); Islamic Development Bank; Japan International Cooperation Agency (JICA); UK Department for International Development (DfID); United States Agency for International Development (USAID); Bill & Melinda Gates Foundation; and the Agencies of the United Nations, particularly the UNDP and UNICEF. If we had used a lower population threshold as a criterion for inclusion, this would have changed the list of the fastest growing cities. These sectors are eye candy to investors and the economic growth in them presents the following potentials: (function () { MDaas has now expanded its reach to 10 out of 36 states in Nigeria, with a total of 15 diagnostic centres and 2 affiliate partners across these states. Construction increased by 1.42% in the fourth quarter of 2020, compared to 1.21% in the previous quarter. Helped 1,200 beneficiaries from 30 communities save more than 22 million naira in 18 months from their conditional cash transfers. This comes after a 0.11% GDP growth rate in the fourth quarter of 2020, which effectively pulled Nigeria out of recession. Rivers State is located in the South Southern region of Nigeria and it has the popular city of Port Harcourt as its capital city. The major reason why Abia state appears on our list of the most developed states in Nigeria is because of the visible presence of many industries in the state. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. In the same manner, its IGR per population increased by 26.6% from N14,337 recorded in H1 2020 to N18,144 in the review period. Cairo is an example of a city that has a relatively low population growth rate (2.2% a year over 20 years) yet a very large increment in its population. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. The ogun state was founded on 3rd, February 1976 with an area of 16,981 km, with its slogan The Gateway State located in the South-Western region of Nigeria. When it comes to development in all ramifications Abuja is one place to pick, it has a well-structured plan and well-developed modern facilities to show for it. Re: Best Governor And Fastest Developing States In Nigeria? But on a more serious note, Amaechi is doing gr8, well, amma giv it 2 IMO.. Rochas de try jor, Every other state governors are performing including the north but igbo governors are no where to be found. Groundnut is the major agricultural commodity produced in Kano state. The state is a very peaceful state and has some high level of development going on in it, since it was founded there has been increasingly rapid growth. Is Africa really going to have dozens of 10-million-plus mega-cities, as some projections suggest? And . Enugu is the fastest developing state in Nigeria - Hon Ugwunze December 28, 2019 Hon Ugwunze By Emma Nnadozie Honorable Olisaemeka Ugwunze is one of the reputable young businessmen in the. Lagos State generated a sum of N267.23 billion as internal revenue in the review period, growing by 30.7% from N204.51 billion recorded in the previous year and 30.3% increase compared to N205.16 billion recorded in the corresponding period of 2019. The action you just performed triggered the security solution. Out of Africas 20 largest cities, Lagos, Nigeria had the third highest growth by annual population increase in 2020. Just like Ogun state, Oyo state is also known to have a high number of industries and it has the 4th largest economy in Nigeria around 2018. If you are a tourist or fun lover then a visit to Akwa Ibom is a must for you because the state is blessed with beautiful people and culture with some places of interest like the Ibeno Beach, Bridge of no Return, Ibom Plaza,King Jaja of Opobo Memorial and many more. Ogun State is the industrial hub of Nigeria as it is popularly called based on the vast number of industries in the state as most investors prefer the state also due to its proximity to Lagos State, Ogun state is also the third-industrialized state in Nigeria. thant. In terms of infrastructural developments, Lagos state has performed excellently well, and also the standard of living in the state is low with good chances of getting jobs. Among Nigerian state governors, who is the best in terms of works and development also which is the fastest developing states in Nigeria? #wodemaya #Adoratonministryenugu #tayoaina #africantigress #Ebonyistate #Abakaliki #Nigeria #Westafrica #travelvideos Ogun State recorded an increase of 124% in its IGR per population to N8,908 in the first half of 2021, with an estimated population size of 6.15 million people. A visit to Akwa Ibom State will leave you astonished at the kind of infrastructural projects being executed by the current government of the state. There are a lot of industries originally intended for Lagos that are now situated in Ogun. The state has borders with Kwara, Benin Republic, Osun, and Ogun State. xmlhttp = new XMLHttpRequest();xmlhttp.onreadystatechange = function(){if(xmlhttp.readyState==4 && xmlhttp.status==200){var es = document.querySelectorAll("[data-id='"+adunit+"']");var e = Array.from(es).filter(function(e) {return !e.hasAttribute("data-rendered")});if(e.length > 0){e.forEach(function(el){var iframe = el.contentWindow.document;iframe.open();iframe.write(xmlhttp.responseText);iframe.close();el.setAttribute('data-rendered', true)})}}};var child=childNetworkId.trim()? Haulage and logistics as a business model is all about transporting goods and people for a fee within and outside Nigeria. Hence, it would be prudent to access the fastest growing sectors in the Nigerian economy. if it is considered for a sea Port. The IGR of Lagos state is very high compared to other states even when some states are merged together. Rochas Okorocha of Imo State has described the state as the `fastest developing state in Nigeria, following the conservative lifestyle of his economic team and the unconventional style of administration he adopted. Gov. These are industries where profits are now being earned at a significant rate when compared to the base year of 2010 in real terms. The country continues to face massive developmental challenges, including the need to reduce the dependency on oil and diversify the economy, address insufficient infrastructure, build strong and effective institutions, as well as address governance issues and public financial management systems. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Some of the popular products manufactured in Abia state include textile materials, footwears, soap, writing materials, cement and other materials which are manufactured in cities like Aba on a daily basis. Abuja is one of the most beautiful and well-developed/planned cities in present-day Nigeria. Spread the love. Go to owerri and see what the man is doing there. The overall vision and strategic direction of the present administration is to make the economy of the state the biggest in the country in a manner that would ensure real sector growth, create jobs and also significantly eradicate poverty amongst our people, he stated. A cursory look at data from the NBS shows that Delta State relies on federal allocation for over 75% of its total annual revenue. Selection criteria used of recession who is the fastest growing cities will heavily. Are merged together Nigeria, it would be prudent to access the fastest developing states in Nigeria originally for! South Southern region of Nigeria and it has the popular city of Harcourt... Nigerian states right now Africas 20 largest cities, fastest developing state in nigeria state accounted for 31.5 of! 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