Ebonyi state has emerged the first in the southeast and eight-best state in economic performance.
The above is contained in the recent report released by Victor Mba, Consultant – Philips Consulting. According to the report which is accessible through the official website of Philip Consulting, “the result obtained used the following performance metrics: Internally generated revenue (IGR), literacy rate, ease of doing business, employment rate, per capita income, domestic debt level, and external debt level and it is used for the overall ranking of the states and the FCT.
“The report compares the states of Nigeria and the FCT according to the following economic endowment factors: Population Size, number of mineral resources, number of international trade routes, availability of crude oil, domestic trade route, age and landmass.
“All states in Nigeria were assessed using the same parameters including the FCT (Abuja).
“Using the Philips Performance Index (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).”