Oyo state ranked 3rd in overall ranking of Analysts Data Services and Resources in Socio-Economic Scorecards of Nigerian States with 54.61 percent
The Socio-Economic Scorecards of Nigerian States is across 12 key broad socio-economic segments; namely: i) Economic Output; ii) Government Finance; iii) Financial Sector; iv) Capital Importation; v) Land, Housing and Sanitation; vi) Transportation; vii) ICT Infrastructure; viii) Energy and Environment; ix) Industrialisation and Business Competitiveness; x) Education; xi) Health; and xii) Citizens’ Livelihood and Welfare.
Data Services used 57 indicators in the construction of the scorecard to grade the 36 States of Nigeria and Federal capital territory, Abuja.
Oyo state came third out of the 36 States and FCT with 54.61 percent in the overall scorecard.
In the financial sector Oyo came third with 62.0 per cent, while Ogun State came tops with 65.6 percent, followed by Kaduna with 62.4 percent.
The pacesetter state came second with 62.9 percent in Industrialisation and Business Competitiveness, while Lagos State topped with 70.1 percent and Ogun state third with 61.5 percent.
Overall, Lagos came first with 62.38 percent, followed closely by the FCT with 58.58 percent, 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: i) Economic Output; ii) Government Finance; iii) Financial Sector; iv) Capital Importation; v) Land, Housing and Sanitation; vi) Transportation; vii) ICT Infrastructure; viii) Energy and Environment; ix) Industrialisation and Business Competitiveness; x) Education; xi) Health; and xii) 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 the equation,” the Data Services said.
