Helped 1,200 beneficiaries from 30 communities save more than 22 million naira in 18 months from their conditional cash transfers. Abuja, Anambra and Rivers States are in the second, third and fourth places consecutively. Trade contracted more slowly. Most cities in this particular state rarely lack basic amenities like electricity, good roads, and steady water supply. According to data from the National Bureau of Statistics, Nigeria's real GDP growth rate in the first quarter of 2021 was 0.51%. Photo credit: Peeterv / iStock. Evidently then, many of the fastest-growing cities are still relatively small. The News Agency of Nigeria (NAN) reports that this makes it the 8th Branch established by the bank within nine months of existence. Abuja is one of the major tourist attraction sites in Nigeria as it plays host to some of the countrys national assets which include the Zuma rock, presidential Villa (Aso rock), the house of assembly complex, the national stadium, and many other important structures in the country. Enugu State popularly known as The coal city was founded on 27th, August 1991 is a southeastern state of Nigeria. This state is also the most populated in the country with over 9.2 Million inhabitants during the last Nigerian census in 2006. Cloudflare Ray ID: 7a156263bd46c2e1 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. 75 hydromet stations providing data for integrated catchment planning have been installed across the country, 2 stormwater master plans have been completed for Onitsha in Anambra State, Aba and Abakaliki in Ebonyi State, strengthening and streamlining the country's Environmental Impact Assessment process, Issuance of Nigerias second tranche of Sovereign Green Bond (for $42 million) after the first green bond, to finance climate change activities. But if we measure annual average increments in city population, a completely different list of cities emerges see Table 2. The cookie is used to store the user consent for the cookies in the category "Performance". President Muhammadu Buhari will complete his second term in office on May 29th, 2023. Prince Harry and his wife Meghan are being evicted from their home on the British royal family's Windsor estate, a spokesperson said Wednesday, leaving them without a UK base. Our correspondent reports that this makes it the 8th Branch established by the bank within nine months of existence. Below is a comprehensive list of the most developed Nigerian states at the moment. South South has to be Akpabio. Nevada was the only . Upon completion of the massive infrastructural developmental stride of this administration, the incoming governors will have less work to do for the state. 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. Without wasting more time, lets take a look at the most developed Nigerian states right now. Abuja is the federal capital where all federal agencies are centralized and will enjoy the PAYE from the agencies. In real terms, the sector grew at a pace of -14.80% in the third quarter. 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. Manufacturing has recovered from the recession, rising at a rate of 3.4%. So it is not surprising that most of the cities in Table 1 had a relatively small population in 2000. The action you just performed triggered the security solution. It does not store any personal data. This website uses cookies to improve your experience while you navigate through the website. Located in the South-Eastern part of Nigeria, Enugu state is an interesting and peaceful state where you can start your business and flourish due to the high level of commercial activities going on there daily. Anambra state was founded on 27th, August 1991 and covers an area of 4,844 km. 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. Wahab said justice Ariwoola would bring his experience over the years in his new office, describing the appointment as the "Right peg in the right, Alaafin of Oyo passes away at 83, after over 50 years on the throne, Liverpool tame Wolves to climb into top six, Martinelli stars as leaders Arsenal crush Everton to go five points clear, Britain's Prince Harry loses home on royal estate, PDP senator-elect lauds C/Rivers Gov. 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. Ogun state is the only state that borders Lagos. This is according to analysis carried out by Nairalytics, the research arm of Nairametrics. 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. Five Top Fastest Developing States In Nigeria That Are Undisputable, Worst Governor And Slowest Developing States In Nigeria. As it is, we cant list the most developed states in Nigeria without mentioning Abuja, this city is known for its calmness, serenity, and beauty because Abuja is one of the most beautiful places in Nigeria. 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. Which is the fastest developing town in Nigeria? The Mining and Quarrying sector grew by 2.19% (year-on-year) in the first quarter of 2021. Some caution is needed, however, when comparing increments in population between cities, because boundary extensions, or changing city or metropolitan government systems (which produce different boundaries) often include large populations that were not previously considered part of a city. 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. While comparing to N5,135 recorded in H1 2019, it increased by 73.5%. Lagos State also has a fast-growing economy and most times, it is referred to as the economic capital of West Africa. Akwa Ibom state is a very rich and well-developed state in Nigeria. This website is using a security service to protect itself from online attacks. Haulage and logistics as a business model is all about transporting goods and people for a fee within and outside Nigeria. 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. Evidently then, many of the fastest-growing cities are still relatively small. Amidst global commodity shocks, a depreciating currency, trade restrictions, and monetization of the deficit, inflation is surging and pushing millions of Nigerians into poverty. 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. Idaho was the fastest-growing state with 2.9\% growth from 2020 to 2021. Accolades should be given to both the old and new governors and every leader of the strategic positions of the state, they did a good job. If we consider the absolute number of people added to city populations each year, the largest cities figure prominently as the most rapidly growing cities. 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. Re: Best Governor And Fastest Developing States In Nigeria? One state in the North Central, their gorvernor is "trying very Well", he is using federal allocation to defend his certificate forgery case. The city was largely built in the 1980s and is dominated by Aso Rock where the president of Nigeria stays. 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. Here are the fastest-growing sectors in Nigeria in Q1 2021. 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. 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 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 . 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. I witness when they were paying primary and secondary students there monthly snacks allowance. Contact me - onyekachi@thenigerianinfo.com.View Author posts. Nigeria is not even among the top 20 fastest growing economies in the world. Notably, Lagos State accounted for 31.5% of the total internal revenue generated by the 36 states of the federation including the FCT. 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 . The population and economy of Bunia is influenced by the large military base for the UN peacekeeping force located there. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. have u not seen the structures dis guy is constructing? The World Bank Group also supports increased engagement in the climate resilient agenda as well asNigerias responseto the COVID-19 pandemic and its post-recovery efforts. Though Abia state is known for the production of local goods but also it is an oil-producing state so the state has some wealth to show off. 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. This includes empowering women and girls and increasing their human capital and economic opportunities, increasing domestic revenue mobilization, and improving the quality of public expenditures and strengthening debt management. Abuja and Port Harcourt in Nigeria, cities with high fragility scores, are ticking along at 6.2\% and 5.1\% respectively. The state is suitable for both rich and poor young and old and whichever category you think you belong to, there is always a space for you in Lagos state. 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. Abia state was formerly part of Imo state before it was created in 1991 and since then the level of development is centered mainly on Aba, that is the reason why Abia state made it on our list of most developed states in Nigeria. You also have the option to opt-out of these cookies. Nigeria is also one of the International Finance Corporations (IFC) fastest growing portfolios in the region. Performance & security by Cloudflare. It is arguably the most developed state in northern Nigeria as of today. Businesses with the fastest-growing GDP contribution offer regions of growth in an otherwise devastated economy. 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. Though am from Edo,But i give it to AKWA IBOM state Gov. The state has borders with Kwara, Benin Republic, Osun, and Ogun State. As a developing nation, the sad truth is that not all states in the country can be seen as well developed. 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. Agriculture increased by 2.28% compared to 3.42% in the previous year. 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. 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. The major contributor is the Metal Ores under Mining and Quarrying Sector which grew by 28.83% in Q1 2021 from -9.38% in Q4 2020 and -4.10% in Q1 2020. 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 southeast continues to witness unrest resulting from separatist agitations. The performance of the Communications industry was the cause for the weak GDP growth in the first quarter of the year. Lagos state is a cool place for enjoyment, touring, and also for business as it houses the commercial city of Nigeria. Sokoto state is rated as the poorest state in Nigeria, ranking 81.2% on poverty level. 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. All had fewer than a million inhabitants; four had fewer than 100,000. The state boasts of many millionaires and even billionaires so you know what is expected. Programmer, content writer and senior editor at TheNigerianInfo. The lack of job opportunities is at the core of the high poverty levels, regional inequality, and social and political unrest. Ondo states has many thing it takes to be dragging 2nd position. 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. Rochas Okorocha of Imo State has described the state as the `fastest developing state' in Nigeria, following the conservative lifestyle of his Copyright 2018 - 2023 TheNigerianInfo. There are a lot of industries originally intended for Lagos that are now situated in Ogun. 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. Sokoto. This states Chief Economic Adviser and Commissioner for Finance, Dapo Okubadejo, made this assertion in Abeokuta, yesterday, while giving a breakdown of the 2021 budget. 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. 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. 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. It also represents a 29.5% reduction compared to N9,393 recorded in 2019. By 2020, for the 20 fastest growing cities, only five (Abomey-Calavi, Abuja, Nnewi, Matola and Mwanza) had reached a million inhabitants. Akpabio. . You can email the site owner to let them know you were blocked. This cookie is set by GDPR Cookie Consent plugin. Ogun states capital city is Abeokuta which is well-developed and has many rich and modern infrastructures to show for it. The most developed state in Nigeria: Top 10 Here comes our selection of some of the best places to live in now. 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. 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