This cookie is set by GDPR Cookie Consent plugin. . (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). The cookies is used to store the user consent for the cookies in the category "Necessary". 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. Lagos State also has a fast-growing economy and most times, it is referred to as the economic capital of West Africa. childNetworkId = '21634543682', The opening ceremony was presided over by The General Overseer of The Redeemed Christian [] This blog is the seventh in a series exploring different aspects of city development and urban change in Africa, featuring contributions from researchers and practitioners working within the African Cities Research Consortium. This is a drive from Owerri, Imo state to the fast developing town of Avu, Imo state, Nigeria. Top 10 Most Developed States In Nigeria (Updated Ranking) 1) Lagos State 2) Abuja 3) Anambra State 4) Rivers State 5) Enugu State 6) Akwa Ibom State 7) Kano State 8) Ogun State 9) Abia State 10) Oyo State Wrapping Up Top 10 Most Developed States In Nigeria (Updated Ranking) akwa Ibom is trying with the huge resources he has. He said Imo was able to achieve the feat through sacrifice and prudence especially in handling public fund. AGRICULTURE: The World Banks support for the agricultural sector, including through the Commercial Agriculture Development Project, the Transforming Irrigation and Water Resources Management Project and West Africa Agriculture Productivity Projecthas helped Nigeria strengthen agricultural production: Over 7 million farmers received improved agricultural technology, Farmers cultivating tomatoes and rice contributed 26% and 14.27%, to national production respectively, in 2019, Cassava farmers realized more than $55 million as revenue and a gross margin of over $36 million in 2019, Rice, sorghum and tomatoes farmers realized gross margins of over $288 million, $169 million, and $53 million respectively, A Farmers Microfinance Bank birthed from FADAMA gives loans at low interest rate of 3.5% for business startup and expansion, with 80% recovery rate. Perhaps surprisingly, we get so used to discussions of fast-growing cities that perhaps we forget to look at slow-growing or even shrinking cities. This website uses cookies to improve your experience while you navigate through the website. Abuja is the federal capital where all federal agencies are centralized and will enjoy the PAYE from the agencies. Vice President, Yemi Osinbajo, has said the relentless drive, energy and creativity of young Nigerians, are the guarantee that the country will prosper and provide jobs and opportunities.. Anambra was created in 1976 as part of the then Eastern central state before it was further subdivided into the central Eastern states we have now. Since its creation, Anambra has proven to be one of the most highly placed states, hence its slogan which reads Light of the nation. Those people carrying rumours that the state is hugely indebted to new generation banks are either not well informed or enemies of progress. 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. According to the UN, in 2022, 126 countries were considered "developing." All developing countries were located in either Africa, Asia, or Latin America and the Caribbean. Ogun state apart from being a border state enjoy no other advantage however there are other border States that are lagging, which explains why I rate Ogun State higher when I contextualize all the variables responsible for growth in IGR. The state boasts of many millionaires and even billionaires so you know what is expected. 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. If we mean projects, housing, education, health, electricity, and city expansion then Rivers carries the day by far. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Ogun State Government has declared that this year's budget is aimed at sustaining the state's economic agenda and making it the fastest growing in the country. Who has done that in Nigeria. The World Bank Group works in every major area of development. This is according to analysis carried out by Nairalytics, the research arm of Nairametrics. Ibeju-Lekki is one of the fastest-growing communities in Nigeria, where a 1000 percent return on investment is guaranteed within the next few years. With this expansion, which happened in 2022 . 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. Akwa Ibom state is a very rich and well-developed state in Nigeria. Nigeria is also one of the International Finance Corporations (IFC) fastest growing portfolios in the region. The commercial city of Abia state is Aba, a very popular city in Nigeria known for the local production of goods. Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |, Nigerian stocks fall as Bola Tinubu is announced President of Nigeria, Cash shortages lead to sharp decline in business activity, How foreign media reported Bola Tinubu as President Elect Nigerias 2023 election. This state also has an outstanding GDP growth which can be attributed to the vast deposits of oil and other minerals in the state. Gov. Okorocha made the disclosure in a statement signed and issued to the News Agency of Nigeria (NAN) in Owerri on Friday by. 37.9.171.155 It is striking how few of the worlds fastest growing cities are also among the largest. All rights reserved. What we measure turns out to be the key. The first few articles will explore large cities in Africa in particular the 100 largest cities that were home to 244 million people in 2020, just over two-fifths of the continents urban population. The World Bank Group enjoys a strong partnership with Nigeria through a strategy to support the government in its developments objectives to end extreme poverty and increase shared prosperity. It is a green light among the top 10 fastest growing businesses in Nigeria because every sector today can't do without transportation. This bold step has enabled me to achieve what I am doing today, he said. Amidst global commodity shocks, a depreciating currency, trade restrictions, and monetization of the deficit, inflation is surging and pushing millions of Nigerians into poverty. The capital city Enugu is also a very good place to hang around and it is one of the most developed cities in South-Eastern 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. Activities financed by the initial tranche of Green Bonds, such as solar plants in seven selected Federal Government Universities and a Renewable Energy Micro-Utility project in Torankawa community in Sokoto State, have been completed, SOCIAL SAFETY NET: The Community and Social Development Project has, Led to Institutionalization of Community & Social Development Agencies across implementing states, which serves as a platform for program sustainability by state government or further interventions by other donor partners, Recorded over 3 million direct project beneficiaries including Internally displaced persons in the North East of Nigeria, 4,662 new communities and over 1.8 million households have access to social services (of which IDPs constitute more than 10% of residents) as against 1,000 communities and 500,000 households baseline values respectively, 800 new poor communities with access to natural resource management services (of which IDPs constitute more than 10% of residents), Over 1,510 rehabilitated and 256 newly built health centers, Over 2,362 rehabilitated and 300 newly built classrooms, Increased school enrollment with records of over 18,000 Boys and 14,000 Girls enrolled in primary education schools, An estimated 36 million people in 13,299 cluster of communities have benefitted directly and indirectly from the original and additional Financing resources. Within 6months he has constructed roads that past governors did not do in 8years. The larger a citys population at the beginning of any period for which population growth rates are being calculated, the larger the denominator used to divide the increment in the citys population. 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. One state in the North Central, their gorvernor is "trying very Well", he is using federal allocation to defend his certificate forgery case. Out of Africas 20 largest cities, Lagos, Nigeria had the third highest growth by annual population increase in 2020. 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. 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 . No doubt about it, Abuja would always be the NO1 focus of the federal government as it is the capital city of Nigeria so much will money will definitely be pumped into the city every year. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Providing these for a range of cities is at the centre of the African Cities Research Consortiums work, with the first set of city scoping studies now available to download. Delta State recorded an IGR per population of N6,309 in H1 2021, increasing by 31.7% year-on-year compared to N4,791 recorded in the previous year. Furthermore, we will be mentioning the cities that contribute much to the development of the states like the most beautiful cities and the richest Nigerian states. You can email the site owner to let them know you were blocked. To learn more about cookies, click here. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. However, you may visit "Cookie Settings" to provide a controlled consent. The state is highly rich in infrastructure development with a serene and green environment. Ogun State, which is a neighbouring state to Lagos and hosts notable manufacturing plants such as Dangote Cement Plant, Lafarge plant amongst others, boasted of an IGR of N54.82 billion in the period under review, jumping by 131.5% compared to N23.68 billion recorded in the same period of 2020. 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. Theory support geography, ecology and economic development. The capital city of Anambra is Awka and has Onitsha as the busiest commercial city which generates huge IGR for the state. 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. Click to reveal 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. These cookies track visitors across websites and collect information to provide customized ads. How Buhari arrived at his claim is mystifying. Located in the South Southern part of Nigeria, Rivers State has contributed greatly to the development of modern-day Nigeria. It also represents a 29.5% reduction compared to N9,393 recorded in 2019. if it is considered for a sea Port. So it is not surprising that most of the cities in Table 1 had a relatively small population in 2000. Chairman,Senate Committee on Education, Senator Uche Chukwumerije, has rated Edo State among the three fastest developing states in the country, attributing same to the character and political . The states population estimated was based on figures from the Central Bank of Nigerias statistical bulletin, while further projections were made by Nairalytics following their respective population growth rate. I was able to fund such projects following my unconventional style of administration that has blocked all financial leakages, the statement quoted the governor as saying. President Muhammadu Buhari will complete his second term in office on May 29th, 2023. Ibeju-Lekki area's development is rapid and ongoing; some even refer to it as "New Lagos." . 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. Evidently then, many of the fastest-growing cities are still relatively small. High inflation has also taken a toll on households welfare and high prices in 2020-2022 are likely to have pushed an additional 8 million Nigerians into poverty. Re: Five Top Fastest Developing States In Nigeria That Are Undisputable by FreeGlobe ( f ): 4:17pm On Mar 17, 2015 aresa: Your ignorance should have at least list or explain to us what part of the Nigerian security apparatus Fashola controls. I am using the state fund to execute all my projects for the state especially the new urban renewal program. 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. Kano state is a Nigerian state which was created on May 27, 1967, from part of the Northern Region. Anambra State is the most developed state in the South-Eastern part of Nigeria. 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). Which is the fastest developing town in Nigeria? Oyo State is a South-Western region state and it also made it on our list of the top 10 most developed states in Nigeria. The Board of Directors of the African Development Fund (ADF) has approved a technical assistance grant of $2 million to fund research that will contribute to electricity reforms across members .. Kano State is a Northern Nigerian State and is no doubt the most developed state in Nigeria. . Nairaland - Copyright 2005 - 2023 Oluwaseun Osewa. A new Country Partnership Framework (CPF) was approved in December 2020 to guide the World Bank Groups support to Nigeria from 2021-2024. I witness when they were paying primary and secondary students there monthly snacks allowance. I am laying a solid foundation for the future and I have cut off all means of embezzlement. 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. US' fastest-growing metro area is running out of water. Find out what the Bank Group's branches are doing in Nigeria. Contact me - onyekachi@thenigerianinfo.com.View Author posts. 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. As a Sales Development Representative you will: Handle inbound customer inquiries across all channels (email, phone, chat) Execute various outbound sales & marketing campaigns. 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. Lagos is water bounded and the commercial capital of the country. Your IP: We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. Ogun state has also joined the league of the most developed Nigerian states due to the recent improvement in infrastructure by the current government of the state. The state has a very high GDP and also a business-friendly environment and Port Harcourt is one of the most beautiful cities in Nigeria based on how developed the capital city is. 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. These are industries where profits are now being earned at a significant rate when compared to the base year of 2010 in real terms. A recent Bankrate report states that the median sale price for a home in Austin as of January 2023 was $530,000, . #wodemaya #Adoratonministryenugu #tayoaina #africantigress #Ebonyistate #Abakaliki #Nigeria #Westafrica #travelvideos In those states, we have cities and communities which contribute to the development of each state and the economy of Nigeria at large. adunit = 'nairametrics.com_336x336_responsive_DFP', 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 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. I hear he subsidizes movie tickets for indigenes in the state when they visit the Silverbird built with State Funds. CLIMATIC RESILIENCE: The Nigeria Erosion and Watershed Management enhanced Nigerias capacity on the preparedness to respond to natural hazards, climate risks and natural disasters, which has led to the following; About 2,201 hectares of the land area have been reclaimed in the immediate gully site micro-catchments as at June 2020, including reclamation and afforestation programs across northern states. This cookie is set by GDPR Cookie Consent plugin. The city was largely built in the 1980s and is dominated by Aso Rock where the president of Nigeria stays. While the economy is projected to grow at an average of 3.2% in 2022-2024, the growth outlook is subject to downside risks including further declines in oil production and heightened insecurity. Construction increased by 1.42% in the fourth quarter of 2020, compared to 1.21% in the previous quarter. You also have the option to opt-out of these cookies. 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. Cloudflare Ray ID: 7a156263bd46c2e1 1. Abuja and Port Harcourt in Nigeria, cities with high fragility scores, are ticking along at 6.2\% and 5.1\% respectively. the seaport will be more attractive than lagos because of its deeper raft. 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. Copyright 2018 - 2023 TheNigerianInfo. in terms of development ROCHAS is doing well. Ogun state is generally known as an industrialized state and it is the third most industrialized Nigerian state just after Lagos and Kano states. This indicates a positive trend in this sector; however, the Nigerian power outage epidemic is a large enough gap to be filled and could be very profitable for those who invest in a solution. This state rocks the first spot on our list of the most developed state in Nigeria and anyone who has been to Lagos State can attest to this feat. Meanwhile, the increase in states internal revenues could be attributed to a favourable base period where economic activities were dampened by the effect of the covid-19 lockdown, which resulted in a significant downturn in the general economy of the country. Without wasting more time, lets take a look at the most developed Nigerian states right now. Following the pandemic induced recession in 2020, Nigerias economic growth recovered but macroeconomic stability weakened. Abia is a state located in the South-Eastern part of Nigeria. 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. 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. 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. 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. All had fewer than a million inhabitants; four had fewer than 100,000. Benin City, Nigeria - Edo State Health Insurance Scheme (EDOHIS) has been described as the fastest growing state insurance Agency in Nigeria, with 66,651 enrollees in just 12 months of service delivery. 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. But city and national governments need to know the absolute change in population each year, as this is the number of newcomers (by birth or in migration) needing housing and public services. The top 3 States are Lagos, Abuja and Ogun state. 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. And where were cities such as Kinshasa, Dar es Salaam and Lagos that have shot up the African (and global) largest city rankings and are often said to be among the fastest growing cities in Africa (and the world)? Growth in Africa has stalled; both the IMF and the World Bank have cut their 2019 economic growth projections for sub-Saharan Africa (SSA) to 3.5% and 2.8%, respectively, with growth in 2018 at 2. . 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. One of Nigeria's fastest growing commercial bank, the Premium Trust Bank, has officially commenced banking business operations at Redemption City, Ogun State. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The population and economy of Bunia is influenced by the large military base for the UN peacekeeping force located there. The southeast continues to witness unrest resulting from separatist agitations. by AnotherOkija: 9:01am On May 25, 2012 Best Governor: Rivers State Name of Governor: Rotimi Chibuike Amaechi Areas of Achievements: Roads (complete with underground drainages, open gutters and street ligets), City expansion, Electricity, Education, Transportation. All rights reserved. Apart from the vast human resources that the state possesses, it also contributes to the development of the nation through agriculture. The state also boasts of a very outstanding GDP based on oil deposits and other minerals in Akwa Ibom state. Rivers State is founded on 27th, May 1967, and has since been one of the major oil-producing states in Nigeria its inception, though with its riches from crude oil we expect the state to be the most developed state in Nigeria, even as it isnt we cant except the state from our list because it is also well-developed. The first blog looked at how the size and the spatial distribution of large cities changed between 1800 and 2020, thesecond blogexplored Africas largest cities viewed over the last 16 centuries, the third blog delved into what we dont know about these cities, the fourth blog considered what we do know, the fifth blog explored the invisibilising impact that a lack of data can have on city residents, and the sixth blog highlighted alternative sources that can help fill these data gaps. From -2.51% in Q4 2020 to -2.31% in Q1 2021, this sector grew by 8.66 % in Q1 2021. The Ogun State House of Assembly Lawmaker representing Ketu Constituency II, Wahab Abiodun Egungbohun has congratulated Justice Olukayode Ariwoola on his swearing-in as the acting Chief Justice of Nigeria (CJN). 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. Akpabio. For instance, people who had been evicted from their homes in Abuja accounted for part of the very rapid growth in Gwagwalada. This site uses cookies to optimize functionality and give you the best possible experience. The political landscape is partly dominated by the ruling All Progressives Congress party (APC) which controls the executive arm of government and holds majority seats at both the Senate and House of Representatives in parliament, and majority of the States. Agriculture increased by 2.28% compared to 3.42% in the previous year. While Nigeria has made some progress in socio-economic terms in recent years, its human capital development ranked 150 of 157 countries in theWorld Banks 2020 Human Capital Index.