Oyo, Lagos state as well as the Federal Capital Territory (FCT) have emerged as best performing states in Nigeria’s socioeconomic scorecard, according to Analysts Data Services and Resources (ADSR). A total of 57 relevant indicators were used in the construction of the scorecard across 12 key broad socio-economic segments.
Mr Afolabi Olowookere who is The Managing Director and Chief Economist of ADSR said that Nigeria’s average was pegged at 45.79 per cent, the best performing states – Lagos, FCT and Oyo scored 62.5 per cent, 58.9 per cent and 58 per cent respectively.
A total of 57 relevant indicators were used in the construction of the scorecard across 12 key broad socio-economic segments namely Economic Output; Government Finance; Financial Sector; and Capital Importation.
Others were Land, Housing and Sanitation, Transportation, ICT Infrastructure, Energy and Environment, Industrialisation and Business Competitiveness, Education, Health, and Citizens’ Livelihood and Welfare.
The disclosure on Tuesday during a Webinar series with the theme: “The Socioeconomic Scorecard of Nigerian States (2023 Baseline Edition)” and made available by premium times few days ago.
A more structured and proper Public Private Partnership (PPP) framework to finance infrastructural facilities therefore enhancing manufacturing and global competitiveness.
“It is also important for government to be more efficient in delivering an enabling environment for businesses to thrive.
“Education, health and human capital development as key drivers of productivity must be refocused while Nigeria takes advantage of its youthful population and train them on skills that are relevant to get the needed competitiveness across states.
Idris Animasaun writes from Ibadan