In the first quarter of 2021, the sector grew at a real-term pace of 6.47 % year over year. Okorocha made the disclosure in a statement signed and issued to the News Agency of Nigeria (NAN) in Owerri on Friday by. The amount saved from the FADAMA enterprises was over $200,000 as at 2019, Export of over 10,000 metric tons of smoked fish and other Agric-products, 3,102 hectares received improved irrigation services through the ongoing rehabilitation of 3 dams located in Sokoto, Zamfara and Kano states under the Transforming Irrigation Management in Nigeria project. Here is a comprehensive list of the top ten most developed states in Nigeria at present, so if you have been wanting to know the most developed states in Nigeria, here is an answer to your question. Looking at Table 1, Abuja, Nigerias capital, features because it concentrates power and wealth in the largest economy in Africa. Okubadejo, who explained that Governor Dapo Abiodun administrations ambition was to improve on the real sector and jobs creation, noted that the budget would also target poverty reduction and encourage investors. 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. Analytical cookies are used to understand how visitors interact with the website. Click to reveal On the agricultural sector, which he described as the major economic driver, Commissioner for Agriculture, Dr. Adeola Odedina, pointed out that the state planned to expand the Anchor Borrowers Programme (ABP) with the introduction of cotton, oil palm and cocoa in 2021, just as 10,000 hectares of land had been allocated for cotton farmers in the state. The most developed state in Nigeria: Top 10 Here comes our selection of some of the best places to live in now. Every state has its own Internally Generated Revenue (IGN) though some solely depend on the Federal Government to get things done we should place our focus on states with good IGR and compare the level of their development. Without wasting more time, lets take a look at the most developed Nigerian states right now. The scale of their population increment is astonishing: Kinshasa acquiring an average of 410,000 new residents a year between 2000 and 2020; Cairo 364,000; Lagos 354,000 (see Table 2). Copyright 2006 - 2023 Osun Defender, All rights reserved. Tables 1 and 2 draw from the UN Population Divisions database, which includes all cities that had 300,000 or more inhabitants in 2018. No one can take it away from Sullivan Chime of Enugu State..our very own silent achiever..When u visit Uyo, it looks like Iran of old with Akpabio billboards proclaiming dividends as if he's doing them a favour..every where u see the man praising himself or psycophants praising him with pictures of abandoned, commissioned & yet to be commissioned projectsAmaechi's problem is that he hardly completes any of his projects..too many at a time & his concept of ''Rivers people, Rivers money''has not really helped cos u find indigenous contractors hardly able to execute a decent job..I Have worked in all these places for quite a while & i can tell u what i know bout these state govsChime has transformed Enugu & note, with very little available resources compared to Akwa Ibom and Rivers.i'm not an indigene of Enugu State neither am i a member of the PDP but i tell u, its good to encourage performance when u see one. This fund is being used as start-up capital for small businesses to generate income and improve their livelihood. childNetworkId = '21634543682', Gabriel Martinelli starred as Arsenal moved five points clear at the top of the Premier League with a 4-0 rout of struggling Everton on Wednesday. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. Unusually, it is likely to remain one of the fastest growing cities in Africa in terms of both criteria annual population growth and annual average increments in population. Hence, it would be prudent to access the fastest growing sectors in the Nigerian economy. Explaining that part of the vision was to deliberately encourage private sector participation, he said Abioduns economic agenda would drive investments. Compared to the same quarter of 2020, the sector growth rate was lower by 6.77% points but higher by 16.25% points when compared to the fourth quarter of 2020. The state is one of the most developed states in Nigeria. While the southwest region dwarfed other areas, the list of top 10 states with the highest IGR per population spreads across the South-West, North-Central, and South-South regions. In continuance of our detailed and timely analysis on major macroeconomic trends, Nairametrics ranks the 36 states of the Federation, including the Federal Capital Territory, based on their IGR per population, considering the estimated population growth by the Central Bank of Nigeria for 2020 and 2021 respectively. Apart from the vast human resources that the state possesses, it also contributes to the development of the nation through agriculture. In 2018, 40% of Nigerians (83 million people) lived below the poverty line, while another 25% (53 million) were vulnerable. 142.132.190.77 The two major cities in this state are Umuahia which is the capital city and Aba which is a major commercial city located at the heart of Abia state. This issue could be attributed mostly to the mismanagement of public funds by state government officials, low internally generated revenue (IGR), misuse of public property by inhabitants of these states, and more. Abuja is one of the most beautiful and well-developed/planned cities in present-day Nigeria. This state is also host to several manufacturing industries and some well-known educational institutions in Nigeria. In the previous three quarters, Nigerias telecommunication industry has been the main engine of economic development and has played a key role in bringing the country out of recession. 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. Only these same five cities were among Africas 100 largest cities. In the same vein, the IGR per population at the national level also increased by 34.1% from N2,781 recorded in the corresponding period of 2020 to N3,729 in the review period. Promoting Jobs and Economic Transformation and Diversification. Abia is a state located in the South-Eastern part of Nigeria. Abia state is the first from behind. 1. In each of these cities, there are varied and ever-changing specific local contexts and subtleties, and changing external influences. Ondo state should probably be among the top 4 if proper measures were taken. Click to reveal Even as a developing country, many Nigerian states are making strides in terms of infrastructural and industrial development and many of these states were outlined in this article of the most develpoed Nigerian states right now. According to the census of 2006, Kano state is one of the most populated states in Nigeria withover 9.2 million people living in it. 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. 1 Ogun 2 Anambra 3 Akwaibom 4 kano 5 Abia So glad you didn't mention Lagos cos it like the state is rather going backward. According to data from the National Bureau of Statistics, the 36 states of the federation including the . This Is the fastest Developing City In Nigeria - Akwa Ibom State 10,565 views Premiered Aug 24, 2021 196 Dislike Share Save wowneche 82K subscribers Heeeey WOWNECHE SQUAD It's another. 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. This is a drive from Owerri, Imo state to the fast developing town of Avu, Imo state, Nigeria. It is arguably the most developed state in northern Nigeria as of today. As the number one manufacturing hub in Nigeria, Ogun state remains one of the go-to states in Nigeria for job seekers and fresh graduates. Notwithstanding, the fact that MSMEs play a critical role in job creation and are the live wire of the Nigerian economy, they need to be encouraged to do more. 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. This Nigerian city is located in the middle of Nigeria and it was created to replace Lagos State as the capital of Nigeria in December 1991. 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. Lagos, Abuja, and Ogun State led the list of states in Nigeria with the highest internally generated revenue per population in the first half of 2021. Re: Five Top Fastest Developing States In Nigeria That Are Undisputable by ivex: 3:09pm On Mar 17, 2015 wiseoneking: Just check out the five. Lagos State was founded on 27th, May 1967 and so far has always been the first choice of every other Nigerian from other states. I hear he subsidizes movie tickets for indigenes in the state when they visit the Silverbird built with State Funds. The Southwestern region of the country boasts of the highest IGR per population with aggregate revenue of N385.41 billion, resulting in an N8,575 IGR per population. He is always mention as the best governor. FG Gives Condition To Lift Ban On Twitter, President Muhammadu Buhari Returns To Nigeria Tomorrow, Bishop Oyedepo, Atiku And Obasanjo Meet At OBJ's Residence In Abeokuta (Photos). Since 2011, the security landscape has been shaped by the war against Boko Haram and other terrorist groups in the northeast in addition to incessant cases of banditry and kidnappings in the north-west and parts of the southwest. Oyo State Governor, Engineer Seyi Makinde, said on Friday that the vision of his administration is to make Oyo State the fastest growing economy in Nigeria within a short while. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Among Nigerian state governors, who is the best in terms of works and development also which is the fastest developing states in Nigeria? A recent Bankrate report states that the median sale price for a home in Austin as of January 2023 was $530,000, . 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. Helped 1,200 beneficiaries from 30 communities save more than 22 million naira in 18 months from their conditional cash transfers. 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. Utah and Montana tied for second at 1.7\%, followed by Arizona, at 1.4\%. The state is referred to as the economic capital of West Africa and its motto is Centre of Excellence, Lagos is undoubtedly the most developed state in Nigeria. Nairaland - Copyright 2005 - 2023 Oluwaseun Osewa. In 2000, the population was around 6,500. Its harsh climate conditions has made its a no go area and has prevented foreigners and foreign investors to come for investment in the state. South-South region followed with an average of N4,626.99 revenue per individual, having recorded an 8.8% increase from N4,253 recorded in the previous year, closely followed by North Central with N3,745.83. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. By clicking Accept All, you consent to the use of ALL the cookies. The sector has seen an upward trend with a slight dip in 2020 Q4 of 1.94 from its 2.1 in the previous quarter. Odedina said the state government approved a new framework for land use in the state, adding that access to land would become a seamless process in 2021. This website is using a security service to protect itself from online attacks. This cookie is set by GDPR Cookie Consent plugin. You just name it! African Development Bank Group President, Dr. Akinwumi Adesina said: This is a great. 37.9.171.155 Contact me - onyekachi@thenigerianinfo.com.View Author posts. . 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. Lagos State was founded on 27th, May 1967 and so far has always been the first choice of every other Nigerian from other states. Ondo with the largest natural coast in the country and its Bitumen and Petrol resources, would have been more strategic, and could have attracted more IGR. 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. Abuja and Port Harcourt in Nigeria, cities with high fragility scores, are ticking along at 6.2\% and 5.1\% respectively. Performance & security by Cloudflare. Quarter on quarter, the growth rate recorded was 31.15%. One state in the North Central, their gorvernor is "trying very Well", he is using federal allocation to defend his certificate forgery case. Okorocha made the disclosure in a statement signed and issued to the News Agency of Nigeria (NAN) in Owerri on Friday by his Chief Press Secretary, Mr Sam Onwuemeodo. There are a lot of industries originally intended for Lagos that are now situated in Ogun. Inconflict-affected North-EastNigeria, the Bank Group is stepping up its support to address service delivery gaps, livelihood deficits, and social cohesion issues, as well as providing support to economic diversification. Apart from being an oil-producing state with a very high GDP, Rivers State is also one of the few developed Nigerian cities where businesses and investments thrive greatly. TheCountry Partnership Strategy period (FY2020-FY2024)is structured around four key engagement areas: The World Bank is supporting Nigeria with an active investment of $12.2 billion in financing from the International Development Association (IDA) and International Bank for Reconstruction and Development (IBRD). Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. The state boasts of many millionaires and even billionaires so you know what is expected. (60906 Views), Five Top Fastest Developing States In Nigeria That Are Undisputable / Imoke Wins Best Governor Award / Worst Governor And Slowest Developing States In Nigeria (2) (3) (4), (1) (2) (3) (4) (5) (6) (7) (8) (9) (Reply) (Go Down), (1) (2) (3) (4) (5) (6) (7) (8) (9) (Reply), FG Gives Condition To Lift Ban On Twitter / President Muhammadu Buhari Returns To Nigeria Tomorrow / Bishop Oyedepo, Atiku And Obasanjo Meet At OBJ's Residence In Abeokuta (Photos), Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10). Since 2021, Nigeria is also unable to benefit from the surging global oil prices, as oil production has fallen to historic lows and petrol subsidy continues to consume a larger share of the gross oil revenues. Contact me - onyekachi @ thenigerianinfo.com.View Author posts Statistics, the growth rate recorded was 31.15 % right.! 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