The United Nations’ Global Multi-Dimensional Poverty Index which ranked Osun State second richest state has three measurements and 10 indicators in evaluating Overall Poverty. Every measurement is similarly weighted; every indicator within a measurement is additionally weighted, and included. It uses 10 indicators to measure poverty in three dimensions: education, health and living standards. The United Nations Global multi dimensional poverty index published a report based on the poverty rate of Nigerian states that ranked Osun State second richest state.
The N200 million monthly allowance paid to the cadets reflated the economy of Osun and shot it up to the seventh largest GDP in Nigeria, according to the Federal Bureau of Statistics”. Identifying quality and functional education as panacea to poverty eradication, he stated that the state as part of its commitment to education, is building 100 elementary schools, 50 middle schools and 20 high schools.
Increased the number of teachers, renovated existing schools, provided teaching aids and as well increased subventions to schools. On health, Aregbesola’s administration, having employed a multi-faceted approach towards achieving its goal of providing healthcare for all, embarked on health-related programs targeted to promote personal hygiene. Osun has renovated nine state hospitals, as well as constructed nine trauma centers at the State Hospital, Asubiaro, Osogbo. There is also the upgrading of our existing primary healthcare centers while new ones are being built.
Like development, poverty is multidimensional but this is traditionally ignored by headline money metric measures of poverty. The Multidimensional Poverty Index (MPI), published for the first time in the 2010 Report, complements monetary measures of poverty by considering overlapping deprivations suffered by individuals at the same time. The index identifies deprivations across the same three dimensions as the HDI and shows the number of people who are multidimensional poor (suffering deprivations in 33% or more of the weighted indicators) and the number of weighted deprivations with which poor households typically contend with. It can be deconstructed by region, ethnicity and other groupings as well as by dimension and indicator, making it a useful tool for policymakers.
The MPI can help the effective allocation of resources by making possible the targeting of those with the greatest intensity of poverty; it can help address some SDGs strategically and monitor impacts of policy intervention. The MPI can be adapted to the national level using indicators and weights that make sense for the region or the country, it can also be adopted for national poverty eradication programs, and it can be used to study changes over time.
About 1.5 billion people in the 102 developing countries currently covered by the MPI—about 29 percent of their population — live in multidimensional poverty — that is, with at least 33 percent of the indicators reflecting acute deprivation in health, education and standard of living. And close to 900 million people are at risk (vulnerable) to fall into poverty if setbacks occur – financial, natural or otherwise.
The United Nations Global multi dimensional poverty index published a report based on the poverty rate of Nigerian states. Listed below is the most current 2017 list of the Top Ten Richest States in Nigeria. A United Nations, UN, report on Nigeria’s Common Country Analysis, CCA, has described the country as one of the poorest and unequal country in the world, with over 80m of her population living below poverty line. This was as the report revealed that the country was deeply divided on the basis of plurality of ethnic, religious and regional identities.
Listed below is the most current 2017 list of the Top Ten Richest States In Nigeria.
Top Ten Richest States In Nigeria 2017
1.Lagos State 8.5%
Lagos state has the lowest poverty index of 8.5% out of 100% making it the richest state in Nigeria 2017.
2. Osun State 10.9%
The second state on our list is Osun State, a south western state in Nigeria. Its capital is called Osogbo.
Indeed, in a recent United Nations publication, Osun came second after Lagos in the result of a national assessment for 2014 on infant and maternal healthcare delivery.
“In addition, Osun has renovated nine state hospitals, as well as constructed nine trauma centers at the State Hospital, Asubiaro, Osogbo. There is also the upgrading of our existing primary healthcare centers while new ones are being built.
“To further enhance these efforts, medical equipment, furniture and electrical appliances have been procured for some of our health facilities where these are needed.
“Furthermore, ambulances were purchased and are now in full operation under the Osun Ambulance Services (O-Ambulance), which is aimed at improving the quick-response capacity of the health system, in cases of accidents and emergencies.
Osun in the last seven years has made progress from the backwater of economic regression to the fertile place of economic abundance.
“The transformation inspired by this transition is observably manifold in areas of arresting unemployment, reducing inequality among the people, capacity building etc. I must say that Osun economy has substantially grown from where we took over the governance of the state,” he said.
Osun State has fought poverty and the result available for confirmation, stressing that the state has the second lowest poverty index in Nigeria. “It is not a phantom wish, it was published in 2017.
“In the poverty index, Osun is rated second only to Lagos State; however, we don’t even know their parameter for arriving at the index because Lagos State is not even among the best ten on the unemployment index. So, when you marry our performance on unemployment with our crystal performance in poverty, I will say we are the best governed state in Nigeria,” Aregbesola said.
Farmers’ Empowerment has become an important part of the development agenda in the recent years. The poverty status in terms of incidence, depth and severity among arable crop farmers in Osun State and compared the socio-economic characteristics of beneficiaries and non-beneficiaries of Farmers Empowerment Programme (FEP) in Osun State, Nigeria.
Although Osun does face its fair share of challenges, including a large dependency on the volatile agricultural sector and neglected infrastructure, the current administration has taken a number of steps to block monetary leakages, improve project preparation and delivery, and raise internally generated revenue (IGR). These efforts have been in parallel with attempts to improve the business environment in the state, with initiatives from a number of ministries to reduce the informal market, which by some estimates comprises 57.9% of Nigeria’s GDP, according to the UN Development Programme, while the Office of Economic Development and Partnerships (OEDP) acts as a first point of contact for potential investors.
The developmental programmes have also impacted on the socio-economic profile of the state as reported by reputable institutions. In 2015, The Oxford Poverty and Human Development Initiative (OPHI) rated Osun 2nd Highest in Human Development Index among the 36 states in the Country. In 2014, Renaissance Capital (RENCAP) in its 36 shades of Nigeria economic review of states ranked Osun as the 7th largest economy in Nigeria, while in 2013 the NBS rated Osun as the state with the lowest poverty rate in Nigeria.
Through the State’s partnership with the World Bank, The Osun Agency for Community and Social Development Project (OSUN CSDP), it was revealed, has reached 1,073,129 beneficiaries in rural communities by committing at least N2 billion to several social developmental projects. The partnership is delivering 356 inclusive, gender sensitive and multi-sectoral micro projects, covering Education, Rural Electrification, Primary Health Care, Transportation, Potable Water provision in 263 communities across the state.
At the basic education level, the state has delivered training and re-training for over 21,017 teachers, giving the importance of these to the learning experience. So far, 277 model schools with 1,811 modern classrooms have been built or rehabilitated. The schools are being furnished with 26,922 sets of chair and table. Every school day in Osun, 253,000 elementary school children receive nutritious meals produced largely by local farmers, to boost health and cognitive capability at their formative stage, as well as boost local food production. The Osun School feeding programme is the longest running of its kind in the country.
In six years, Osun has through its basic education agency, invested over N8.5 billion to build capacity, both in human and physical infrastructure. This investment in education is driven by the resolve of the administration to equip the future generation of Osun with the best possible resources regardless of their background, so they can seek a better and prosperous future for themselves and consequently for the State.
3.Anambra State 11.2%
The third state on our list is Anambra state,it has the lowest poverty rate in Nigeria.
Located in the south east of Nigeria, this oil rich state with a population of over four million is also a formidable trade and economic centre of Nigeria.
4. Ekiti State 12.9%
With a poverty rate of just 12.9% out of 100%, Ekiti State is the 4th richest state in Nigeria.
This western state inhabited predominantly by the yoruba’s was declared a state in 1966.
5.Edo State 19.2%
With a low poverty rate of 19.2% out of 100%,the 5th state on our list is Edo State Nigeria.
6. Imo State 19.8%
One of the 36 states of Nigeria and located in the South East of Nigeria. With Owerri is its capital city and also other major towns like Orlu and Okigwe.
Predominantly inhabited by the Igbos and Located in the south eastern region of Nigeria,Imo state is the 6th Richest State in Nigeria with a poverty rate of 19.8%.
7.Abia state 21.0%
I actually though that Abia state would be placed higher on this list because of its multi million commercial city called Aba.
8. Rivers State 21.1%
Coming in with a 21.1% out of 100%, is a nigerian state located in the south south region of Nigeria known as Rivers State.
Its the richest oil region in Nigeria and is economically Significant as the centre of Nigeria’s oil.
9. FCT- Abuja 23.5%
The Federal Capital Territory of Nigeria and also the capital of Nigeria and the 9th Richest State in Nigeria with its citizens poverty rate at 23.5% out of 100%.
10.Kwara State 23.7%
Kwara state is a state located in western Nigeria within the North Central geopolitical zone also referred to as the Middle Belt.
These are the top ten richest states in Nigeria with the lowest poverty ratio, other states following close by includes:
11. Akwa-Ibom > 23.8%
12. Delta State > 25.1%
13. Ogun State > 26.1%
14. Kogi State > 26.4%
15. Ondo State > 27.9%
16. Enugu State > 28.8%
17. Bayelsa State > 29.0%
18. Oyo State > 29.4%
19. Cross River > 33.1%
States by Incidence of Poverty
[size=15pt] STATESPOVERTY RATE
1. Lagos ——— 8.5%
2. Osun ——— 10.9%
3. Anambra ——— 11.2%
4. Ekiti ——— 12.9%
5. Edo ——— 19.2%
6. Imo ——— 19.8%
7. Abia ——— 21.0%
8. Rivers ——— 21.1%
*. FCT (Abj) ——— 23.5%
9. Kwara ——— 23.7%
10. Akwa Ibom ——— 23.8%
11. Delta ——— 25.1%
12. Ogun ——— 26.1%
13. Kogi ——— 26.4%
14. Ondo ——— 27.9%
15. Enugu ——— 28.8%
16. Bayelsa ——— 29.0%
17. Oyo ——— 29.4%
18. Cross River ——— 33.1%
——————————————————-
** National Avg ——— 46.0%
——————————————————-
19. Plateau ——— 51.6%
20. Nassarawa ——— 52.4%
21. Ebonyi ——— 56.0%
22. Kaduna ——— 56.5%
23. Adamawa ——— 59.0%
24. Benue ——— 59.2%
25. Niger ——— 61.2%
26. Borno ——— 70.1%
27. Kano ——— 76.4%
28. Gombe ——— 76.9%
29. Taraba ——— 77.7%
30. Katsina ——— 82.2%
31. Sokoto ——— 85.3%
32. Kebbi ——— 86.0%
33. Bauchi ——— 86.6%
34. Jigawa ——— 88.4%
35. Yobe ——— 90.2%
36. Zamfara ——— 91.9%[/size]
REGIONAL AVERAGES
1 = South West – 19.3% Poverty (+ Average)
2 = South South – 25.2% Poverty (+ Average)
3 = South East – 27.36% Poverty (+ Average)
———————————————————————-
** National Avg 46.0%% Poverty
———————————————————————-
4 = North Central – 45.7% Poverty (+Average)
5 = North East – 76.8% Poverty (- Average)
6 = North West- 80.9% Poverty (- Average)