Ogun Ranks 6th in Socio-economic Scorecard

James Sowole in Abeokuta

Analysts Data Services and Resources has ranked Ogun State sixth out of 37 states in the just released Socio-economic Scorecards of Nigerian states.

A statement yesterday, disclosed that Ogun State, under the leadership of Governor Dapo Abiodun, came top in the Financial Sector; third in Capital Importation; third again in Industrialisation & Business Competitiveness; fifth in Citizens’ Livelihood & Welfare; fourth in ICT Infrastructure and fifth in Education.

In the area of the financial sector, Ogun State came tops with 65.6 per cent, followed by Kaduna with 62.4 per cent, while Oyo came third with 62 per cent, it added.

Also, Ogun State came third in capital importation with 61.1 per cent. The State was only beaten by Lagos State, which came first with 68.7 per cent and FCT, with 67.8 per cent.

Again, the Gateway State came third in Industrialisation and Business Competitiveness with 61.5 percent, behind Lagos State with 70.1 percent and Oyo State with 62.9 percent.

Furthermore, the state came fifth in Citizens’ Livelihood & Welfare, with 53.7 per cent, while the state was placed fourth in ICT Infrastructure with 73.6 percent. In education, the state secured the fifth position with 60 per cent.

Ogun State also scored high in Land, Housing and Sanitation where it placed fifth with 50.3 percent, and 11th in Energy and Environment (48.9 percent).

“Ogun ranks 6th, having an overall score of 52.50 per cent, which is higher than the average score of 45.65 per cent for all states. The strongest segment in Ogun is ICT infrastructure where it ranks 4th while the weakest is transportation where it ranks 32nd.

“The state scores higher than average in ICT infrastructure, financial sector, and industrialisation and business competitiveness, but lower in other segments,” it added.

Overall, Lagos came first with 62.38 per cent, followed closely by the FCT with 58.58 per cent, Oyo third with 54.61 percent, Rivers with 54.01percent came fourth, while Kano came fifth with 52.65 percent.

“A total of 57 indicators were used in the construction of the Scorecard across 12 key broad socio-economic segments; namely: Economic Output; Government Finance; Financial Sector; Capital Importation; Land, Housing and Sanitation; Transportation; ICT Infrastructure; Energy and Environment; Industrialisation and Business Competitiveness; Education; Health; and Citizens’ Livelihood and Welfare.

“The most recent values on each of these 57 indicators are compared and the States and FCT ranked from 1 to 37 depending on how well they perform relative to one another.

“These ranks are then averaged across the indicators for each state and FCT under the relevant segment as shown in equation,” the statement added.