Economic Endowments & Performance Of States In Nigeria
This report on state performance in Nigeria titled “My State” was conceived from the need for an objective assessment of the economic performance of each state of the Nigerian federation as compared to other states. The Phillips Performance Index (PPI) benchmarks the performance of each state in Nigeria with other states given its natural endowments.
The PPI has nine rates AAA (Exceptional performance), AA (Excellent performance), A+ (Good performance), A+ (above average), A (normal), B (below average), B- (Non-performing), B– (poor performance), and BB (abysmal performance).
The endowments of each state was measured in order of importance by looking at its population size, number of mineral resources, number of international trade routes, availability of crude oil, domestic trade route, age and land mass. On the other hand, its performance was measured in order of importance by examining its Internally generated revenue (IGR), literacy rate, ease of doing business, employment rate, per capita income, domestic debt level, and external debt level.
All states in Nigeria were assessed using the same parameters including the FCT (Abuja). The first six performers were Lagos, Abuja, Osun, Ekiti, Oyo and Gombe states respectively. While at the bottom of the list are Borno, Kaduna, Kano, Adamawa, Cross River and Niger states respectively.
Using the PPI, only Lagos state is rated A++ (Performing); Abuja and Osun states were rated A+ (Above Average); Bayelsa, Delta, Ebonyi, Ekiti, Gombe, Ogun and Oyo states were rated A (Average); Anambra, Edo, Enugu, Jigawa, Kebbi, Kogi, Kwara, Nasarawa, Ondo, Plateau, Rivers, Yobe and Zamfara states were rated B (Below Average); Abia, Adamawa, Akwa Ibom, Bauchi, Benue, cross River, Imo, Kaduna, Kano, Katsina, Niger, Sokoto and Taraba states were rated B– (Non-Performing); while Borno state scored BB (Abysmal Performance).