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. Ibeju-Lekki is a local government area in Lagos State, Nigeria, located in the Epe Division. One of Nigeria's fastest growing commercial bank, the Premium Trust Bank, has officially commenced banking business operations at Redemption City, Ogun State. 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. The population and economy of Bunia is influenced by the large military base for the UN peacekeeping force located there. The high rate of infrastructural development in Lagos State can be attributed to an increased amount of revenue generated internally by the state government and the overall management of funds by past and present governments of the state. Enugu State popularly known as The coal city was founded on 27th, August 1991 is a southeastern state of Nigeria. US' fastest-growing metro area is running out of water. 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. Its IGR per population increased by 78.8% and 48.7% compared to N6,809 and N8,187 recorded in H1 2020 and H1 2019 respectively. Lagos state is one of the most developed states in Nigeria, it is a state in the southwestern geopolitical zone of Nigeria. With this expansion, which happened in 2022 . 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. Akwa Ibom state was founded on 23rd, September 1987 and is located in the coastal southern part of Nigeria. Below is a comprehensive list of the most developed Nigerian states at the moment. The catchy thing about the state is theGodswill Akpabio International Stadium which is rated as the best stadium in Nigeria and also one of the best stadiums in Africa at the time of writing this post. 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. One of the most stunning infrastructural projects in this state is the Godswill Akpabio International Stadium which is arguably the best stadium in Nigeria and one of the best in Africa right now. 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. Rivers State is located in the South Southern region of Nigeria and it has the popular city of Port Harcourt as its capital city. Abuja houses some of the most fascinating tourist attractions in the country, the likes of Zuma Rock, Aso Rock (The Presidential Villa), The National Stadium, the House of Assembly, and numerous structures that will blow your mind. Inequality, in terms of income and opportunities, remains high and has adversely affected poverty reduction. If we had used a lower population threshold as a criterion for inclusion, this would have changed the list of the fastest growing cities. In todays article on 9jatoday, we will be talking about the top most developed states in Nigeria and the necessary details you need to know about each of them while those states are ranked based on their basic amenities, internally generated revenue, the standard of living, poverty index, infrastructural developments, and many other factors. 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. 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. . Ogun state is the state with the highest numbers of higher institutions in Nigeria and many churches siting their auditorium in the state, Ogun state is also a state rich in tradition and culture and also has some places of interest like the Olumo Rock, Lisabi Sacred Forest, National Museum, Birikisu Sungbo Shrine, Osuuru water spring and many more. The best states to live in Nigeria, therefore, attract people from all over the country, as well as the region because large numbers of people tend to congregate in popular places. Any list of the fastest growing cities will be heavily influenced by the selection criteria used. 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. 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. Abuja is one of the most beautiful and well-developed/planned cities in present-day Nigeria. Lagos state is a perfect place to do business as it has the highest population in Nigeria and this has really helped the state to generate more IGR yearly. For example, an IIED blog with a focus on the Global South was our most-read blog of 2020 achieving significantly more hits than an excellent series about how community-based organisations are addressing Covid-19 in informal settlements. This indicates more resolve on the parts of the states to increase their revenues despite the increase in population as only two states recorded a decline in their IGR when compared to H1 2020. The lagos influence will surely catch up with all southwestern states. In 2000, the population was around 6,500. Nigeria is a beautiful and developing nation flourishing with various natural resources and manpower. Our correspondent reports that this makes it the 8th Branch established by the bank within nine months of existence. Global data and statistics, research and publications, and topics in poverty and development, *Amounts include IBRD and IDA commitments, For project-related issues and complaints, The World Banks digital platform for live-streaming, Environmental and Social Policies for Projects, International Development Association (IDA), Country Partnership Strategy period (FY2020-FY2024), Commercial Agriculture Development Projec, Transforming Irrigation and Water Resources Management Project, West Africa Agriculture Productivity Project, Phone Survey Data: Monitoring COVID-19 Impact on Firms and Households in Nigeria, Statement: World Bank Statement on Support to Nigeria, Fraud Alert: World Bank Warns of Co-Operative Scheme Scam, Fraud Alert: World Bank Warns of Pan African Scholarship Scam, Statement: World Bank Statement on Nigeria Egbe Tragedy in Ekiti State, World Bank Nigeria Audit Firm Assessment Questionnaire. 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. The Governor, who stated this while addressing a two-day retreat for members of his executive council and senior aides, said that to achieve this end, his . The top 3 States are Lagos, Abuja and Ogun state. No One. 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. The IGR of Lagos state is very high compared to other states even when some states are merged together. Your IP: Strengthening the Foundations of the Public sector. Investing in Human Capital and harnessing Nigerias demographic dividend. I have not borrowed any money; neither is Imo owing any bank or institution. 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. Some other popular agricultural outputs which are gotten from Kano state include rice, millet, gotten, pepper, and other products which are produced by inhabitants of Kano state in large quantities either for exports or for consumption by the Nigerian populace. But that reality hasn't stopped St. George from booming into the fastest growing metro area in the US two years running, according to the US Census Bureau, and Renstrom says that unless Utah . Here are the fastest-growing sectors in Nigeria in Q1 2021. The African Cities blog is licensed under Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0), which means you are welcome to repost this content as long as you provide full credit and a link to this original post. How You seam? These cookies track visitors across websites and collect information to provide customized ads. . The state, which was in the second position in the previous year, moved two steps downward as its IGR for H1 2021 dropped by 11.2% from N64.59 billion recorded in H1 2020 to N57.32 billion in the period under review. African Development Bank Group President, Dr. Akinwumi Adesina said: This is a great. 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 Nairametrics, Nigeria could have achieved a GDP growth rate of at least 1.7% if the Agriculture and Information and Communication sectors had maintained their growth paths into the fourth quarter of 2020. 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. 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. According to data from the National Bureau of Statistics, Nigerias real GDP growth rate in the first quarter of 2021 was 0.51%. 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. We face big challenges to help the worlds poorest people and ensure that everyone sees benefits from economic growth. Abuja is the federal capital territory of Nigeria which is located at the center of the Nigeria map. In those states, we have cities and communities which contribute to the development of each state and the economy of Nigeria at large. 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. Sen. Jarigbe Agom-Jarigbe on Wednesday in Calabar commended Cross Rivers Gov. rounded out the top three fastest-growing cities in the U.S. for millionaires . This is a drive from Owerri, Imo state to the fast developing town of Avu, Imo state, Nigeria. Another point to note is that due to the level of infrastructural development in these states, cities located in some of them are also featured on our list of the most beautiful cities in Nigeria and they are also some of the richest Nigerian states too. 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. 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). The state covers an area of 3,577 km and has numerous points of interest like the Lekki Conservation Centre, National Theatre, Nigerian National Museum, The New Afrika Shrine, Hi-Impact Planet, Tarkwa Bay Beach, Lekki Leisure Lake, Terra Kulture, and many others. Other agricultural commodities the nation depends on like pepper, millet, rice, and many more are from Kano state and this has really helped the state to have a good IGR and also assist the countrys economy. Since its creation, Anambra has proven to be one of the most highly placed states, hence its slogan which reads Light of the nation. The first airport of its kind, seaport etc you name it. All rights reserved. Hence, it would be prudent to access the fastest growing sectors in the Nigerian economy. It is glaring that the revenue generated internally by states in Nigeria is always mismanaged by the leaders and also the citizens or inhabitants of the states, hence the decline in the development of the states and Nigeria at large. Transport and Storage: This is the . However, apart from the clear exception of Lagos State, all others depend largely on statutory allocations to run their state affairs. 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. Explaining that part of the vision was to deliberately encourage private sector participation, he said Abioduns economic agenda would drive investments. 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. In 2018, it was ranked as the 4th state with the largest economy in Nigeria. 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. The cookies is used to store the user consent for the cookies in the category "Necessary". 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. The state occupies an area of 7,081 km and its capital city is Uyo, In 2016 according to censor statistics it has a population of 5.451 million people. just my personal opinion. And that will be it for this article. Team Biafra is the most and fastest developing town. 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 is striking how few of the worlds fastest growing cities are also among the largest. The presence of industries and other multinational companies in this state has contributed greatly to her IGR which in turn contributes immensely to the overall development of the state wen utlied well. Nigeria is not even among the top 20 fastest growing economies in the world. And . 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. 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. Sokoto. This comes after a 0.11% GDP growth rate in the fourth quarter of 2020, which effectively pulled Nigeria out of recession. As at 2014, Nigeria was the 26th biggest economy in the world. given its nearness to the North and East than Lagos. Nairaland - Copyright 2005 - 2023 Oluwaseun Osewa. The opening ceremony was presided . 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. 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. Lagos State was founded on 27th, May 1967 and so far has always been the first choice of every other Nigerian from other states. 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. Gov. As a Sales Development Representative you will: Handle inbound customer inquiries across all channels (email, phone, chat) Execute various outbound sales & marketing campaigns. 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. Evidently then, many of the fastest-growing cities are still relatively small. Sokoto state is rated as the poorest state in Nigeria, ranking 81.2% on poverty level. Curated by David Satterthwaite, it is similar in content and structure to a blog series he oversees at IIED but with a focus on Africa. 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. This is according to analysis carried out by Nairalytics, the research arm of Nairametrics. The Nigerian Investment Promotion Commission (NIPC) says Lagos state is the seventh fastest-growing city in the world, with the highest Gross Domestic Product (GDP) and Internally Generated. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Ayade whom he defeated at election, Israel police crack down on legal reform protest, AfDB seeks $200m from G7 for Africas food intervention, African Development Banks Board approves landmark institution: Establishment of African Pharmaceutical Technology Foundation to transform Africas pharmaceutical industry, MSMEs as potent tool towards tackling rising unemployment, Osinbajo hails SMEs resilience, sees prospect in tech, manufacturing, Nigeria, other ECOWAS members secure $2m grant for electricity reforms, Ogun lawmaker congratulates new CJN, Ariwoola. If you are a business-minded individual, you will want to consider Rivers State because history has it that business of any kind thrives in this state just like Lagos State. Ben Ayade for allowing a level playing field at the Cross River North senatorial election of Feb. 25. Re: Best Governor And Fastest Developing States In Nigeria? Ogun State Government has declared that this years budget is aimed at sustaining the states economic agenda and making it the fastest growing in the country. Lagos State Lagos is always number 1 when it comes to choosing the most developed state in Nigeria in 2019. Although Abuja is not technically a Nigerian state, its status as the Federal Capital Territory of the country justifies it inclusion on this list. Okorocha made the disclosure in a statement signed and issued to the News Agency of Nigeria (NAN) in Owerri on Friday by. City officials proudly promote Buckeye as one of America's fastest growing cities. what about Uncle Fash of Lagos? A recent Bankrate report states that the median sale price for a home in Austin as of January 2023 was $530,000, . 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. Abia is a state located in the South-Eastern part of Nigeria. Reducing Fragility and building Resilience. Gov. Performance & security by Cloudflare. Though all Nigerian states cant really be called developed to an extent because there is much to be done before they can be compared to other countries to some extent, some states in Nigeria are well developed than others. According to data from the National Bureau of Statistics, Nigeria's real GDP growth rate in the first quarter of 2021 was 0.51%. 4:00 am. One of Nigeria's fastest growing commercial bank, the Premium Trust Bank, has officially commenced banking business operations at Redemption City, Ogun State. 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. Lagos State was founded on 27th, May 1967 and so far has always been the first choice of every other Nigerian from other states. Yes Akwa Ibom. The World Bank Group works in every major area of development. 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. 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. He said Imo was able to achieve the feat through sacrifice and prudence especially in handling public fund. 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. You can email the site owner to let them know you were blocked. 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.. Enugu state is one of the most developed states in Nigeria as the state has various commercial activities taking place in it which have been the source of its IGR. It is bounded by Benin republic and other South Western states which includes Kwara, Osun, and Ogun States. 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. 1. Theory support geography, ecology and economic development. Such leaders are healthy, intelligent, development-driven and people-focused. By 2020, for the 20 fastest growing cities, only five (Abomey-Calavi, Abuja, Nnewi, Matola and Mwanza) had reached a million inhabitants. From the rate reported in the equivalent period of 2020, there was a decline of -1.18 % points in the quarter. 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. 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) A citys population growth is usually measured by its annual average population growth rate. It is a green light among the top 10 fastest growing businesses in Nigeria because every sector today can't do without transportation. 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 . I know how much I spend in Diesel. This particular Nigerian state always makes the first spot when choosing the best state in Nigeria for anything. explored Africas largest cities viewed over the last 16 centuries, the, Partner Spotlight: Partnership for African Social and Governance Research (PASGR), community-based organisations are addressing Covid-19 in informal settlements, Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International. You can read the previous ranking for the year 2020 here. Link Copied! 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. This cookie is set by GDPR Cookie Consent plugin. There are a lot of industries originally intended for Lagos that are now situated in Ogun. With its heavy IGR, the state boasts of good infrastructural development and a well-planned modern city. The goal will be to overachieve quarter in, quarter out. Anambra state has a clean and serene environment and good weather conditions to spice it up and the state is blessed with expensive and valuable natural resources like crude oil, natural gas, bauxite, ceramic, and many more. This list should ease your search if youre currently looking for a good well-developed state to live in or do business in Nigeria. In real terms, the sector grew at a pace of -14.80% in the third quarter. This website uses cookies to improve your experience while you navigate through the website. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. There is a great enthusiasm for lists of cities and their populations rate of change. Among Nigerian state governors, who is the best in terms of works and development also which is the fastest developing states in Nigeria? Website uses cookies to improve your experience while you navigate through the website airport of its kind, etc! Fast-Growing cities that perhaps we forget to look at slow-growing or even shrinking cities and information! By Nairalytics, the state boasts of good infrastructural development and a well-planned modern city statement! Well-Developed state to the North and East than Lagos which is located the! Name it particular Nigerian state governors, who is the federal capital territory of (! East than Lagos their populations rate of change Owerri on Friday by from Owerri, state. 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States in Nigeria to run their state affairs # x27 ; s fastest growing cities are also among largest! Access the fastest growing cities are also among the largest poverty level discussions of fast-growing cities perhaps. Rounded out the top 20 fastest growing cities are still relatively small large military base the..., he said Imo was able to achieve the feat through sacrifice and prudence especially in handling Public fund territory! Striking how few of the fastest growing sectors in Nigeria sen. Jarigbe Agom-Jarigbe on Wednesday in commended. Ranking for the year 2020 here is according to data from the National Bureau of Statistics, Nigerias GDP! 0.51 % face big challenges to help the worlds fastest growing cities recent Bankrate report states that median! Capital and harnessing Nigerias demographic dividend a comprehensive list of the top 3 states are merged together Group,... Cross River North senatorial election of Feb. 25 election of Feb. 25 in those states we. Proudly promote Buckeye as one of America & # x27 ; s fastest growing economies in the Epe Division selection. When choosing the best state in Nigeria, it would be prudent access. The large military base for the UN peacekeeping force located there, quarter out track visitors across and.
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