Located in the South Southern part of Nigeria, Rivers State has contributed greatly to the development of modern-day Nigeria. ','+childNetworkId.trim():'';xmlhttp.open("GET", 'https://pubads.g.doubleclick.net/gampad/adx?iu=/147246189'+child+'/'+adunit+'&sz='+encodeURI(size)+'&t=Placement_type%3Dserving&'+Date.now(), true);xmlhttp.send();})(); !function(){var t="611a52ccd5cc7aa94a532b7d",e="widget_611a52ccd5cc7aa94a532b7d",a=document.createElement("script");a.type="text/javascript",a.setAttribute("data-cfasyn","false"),a.src="https://widget-cdn.ketshwa.com/m/p/611a52ccd5cc7aa94a532b7d/1256.js",a.async=!0,document.body.appendChild(a),a.onload=function(){KetshwaSDK.showWidget(t,e)}}(); 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, They can attract significant investments into these sectors, Commercial banks can use them for further loan considerations into these sectors, Shareholders and investors can choose to reposition their portfolio and benefit from the recovery, There are more opportunities for job growth and new job creation from the sector. The city was largely built in the 1980s and is dominated by Aso Rock where the president of Nigeria stays. Nairaland Forum / Nairaland / General / Politics / Best Governor And Fastest Developing States In Nigeria? One of Nigeria's fastest growing commercial bank, the Premium Trust Bank, has officially commenced banking business operations at Redemption City, Ogun State. This site uses cookies to optimize functionality and give you the best possible experience. Reducing Fragility and building Resilience. 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. A new Country Partnership Framework (CPF) was approved in December 2020 to guide the World Bank Groups support to Nigeria from 2021-2024. Is Africa really going to have dozens of 10-million-plus mega-cities, as some projections suggest? 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. The region grew its revenue by 37.3% compared to N6,243 recorded in the corresponding period of 2020. #wodemaya #Adoratonministryenugu #tayoaina #africantigress #Ebonyistate #Abakaliki #Nigeria #Westafrica #travelvideos IGR per population was computed by dividing the states IGR by their estimated population size for each prevailing year. Lagos State Lagos is always number 1 when it comes to choosing the most developed state in Nigeria in 2019. These cookies track visitors across websites and collect information to provide customized ads. 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. Best Governor And Fastest Developing States In Nigeria? When reviewing inter-census changes in population for all urban centres in a country, there are often small cities with very rapid population growth rates for one or two census periods much more rapid than the cities in Table 1. 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. 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. 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. 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 . Your IP: 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. In those states, we have cities and communities which contribute to the development of each state and the economy of Nigeria at large. Sunday, 19th February 2023. Nigeria is a beautiful and developing nation made of many states, cities, and communities which contribute their quota to the development of the country. This is another South Western state on my list of the most developed states in Nigeria. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. The contribution of Mining and Quarrying to real GDP in the quarter under review stood at 9.28%, lower than the rate of 9.54% recorded in the corresponding quarter of 2020 but higher than the 6.09% recorded in the fourth quarter of 2020. 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. This cookie is set by GDPR Cookie Consent plugin. In 2000, the population was around 6,500. Evidently then, many of the fastest-growing cities are still relatively small. I have not borrowed any money; neither is Imo owing any bank or institution. 37.9.171.155 And that will be it for this article. 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. This comes after a 0.11% GDP growth rate in the fourth quarter of 2020, which effectively pulled Nigeria out of recession. Nairaland - Copyright 2005 - 2023 Oluwaseun Osewa. 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. 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. 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. 9JATODAY is Nigeria's most interesting information website that provides quality information about Nigeria, Nigerians, her lifestyles, and things concerning her, Top 10 Ways to Save Your Mobile Data: Surefire Tips 2023, Top 10 Most Stable Currencies in the World (2023), How To Download Videos From Pinterest: PC/Mobile Method, How to Download Video from Facebook (2023 Tutorial), Light Downloads: How to Download Movies from LightDL.xyz, Get Free 6,000 Active Nigerian Email Addresses Database List, Top 10 Best Currencies to Invest In (2023), Top 10 Sites to Download Korean Movies for Free 2023, John Grisham Net Worth and Biography (2023). Mega-cities need mega-economies. 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. The African Development Banks (www.AfDB.org) Board of Directors has approved the establishment of the African Pharmaceutical Technology Foundation, a new groundbreaking institution that will significantly enhance Africas access to the technologies that underpin the manufacture of medicines, vaccines, and other pharmaceutical products. 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 cookie is used to store the user consent for the cookies in the category "Other. This state is also the most populated in the country with over 9.2 Million inhabitants during the last Nigerian census in 2006. 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. Sen. Jarigbe Agom-Jarigbe on Wednesday in Calabar commended Cross Rivers Gov. 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. 103Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland. It also aims at fostering macroeconomic resilience and advancing structural reforms for private sector-led, non-oil growth. 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. Performance & security by Cloudflare. Today it's north of 111,000 . We also use third-party cookies that help us analyze and understand how you use this website. the seaport will be more attractive than lagos because of its deeper raft. In this article brought to you by TheNigerianInfo Media, we will be revealing a list of the most developed states in Nigeria right now (in no particular order) and also some details about these states. have u not seen the structures dis guy is constructing? The most developed state in Nigeria: Top 10 Here comes our selection of some of the best places to live in now. 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. You can email the site owner to let them know you were blocked. Programmer, content writer and senior editor at TheNigerianInfo. Performance & security by Cloudflare. Copyright 2018 - 2023 TheNigerianInfo. 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. 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). This particular Nigerian state always makes the first spot when choosing the best state in Nigeria for anything. All had fewer than a million inhabitants; four had fewer than 100,000. As one of the major oil-producing states in Nigeria since inception, we expect Rivers State to be on the list of the most developed Nigerian states. 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. A recent Bankrate report states that the median sale price for a home in Austin as of January 2023 was $530,000, . Oyo State was founded on the 3rd, of February 1976, and covers an area of 28,454 km. 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. The action you just performed triggered the security solution. The first airport of its kind, seaport etc you name 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) The lagos influence will surely catch up with all southwestern states. The coal city as it is fondly called is another state on our list of the most developed Nigerian states. Upon completion of the massive infrastructural developmental stride of this administration, the incoming governors will have less work to do for the state. Populated in the corresponding period of 2020 ; four had fewer than.! Partnership Framework ( CPF ) was approved in December 2020 to guide the World Bank Groups to. It on our list of the massive infrastructural developmental stride of this,. In Nigeria them know you were blocked of the top 10 most developed Nigerian states when choosing the most states! 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