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Diasporans Contribute More To Nigeria's GDP Than 34 Of Its 36 States - Politics - Nairaland

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Diasporans Contribute More To Nigeria's GDP Than 34 Of Its 36 States by Nobody: 2:42pm On Mar 15, 2013
NIGERIAN diasporans contribute more to the nation's economy than 34 of the country's 36 states according to the findings of a recent World Bank report showing that a total of $21bn was remitted back home during the course of 2012.

In the report by the bank’s Remittances Unit, only Lagos and Rivers States have higher gross domestic products (GDP) than the amount remitted back home by the diaspora. Lagos State has a GDP of $33.67bn, while that of Rivers State is $21.07bn, which is just slightly higher than the amount the diaspora sent back last year.

Key among the Nigerian diaspora communities are those of the US and UK which remitted back $12.26bn and $7.76bn respectively last year. Overall, Nigeria is fifth in the global remittance table behind India, China, the Philippines and Mexico whose diasporas sent $70bn, $66bn, $24bn and $24bn back home respectively last year.

No doubt these figures are likely to fuel demands for diasporans to be given a vote as apart from the fact that numerically, they are larger than many states, they also contribute more economically. In the UK for instance, the population of Nigerians is in excess of 2m, which is greater than the 1.9m people in President Goodluck Jonathan's Bayelsa State.

According to the World Bank, money sent home by the Nigerian diaspora is going into socio-economic development as it is paying for services like health, housing, business start-ups and education. A report from the bank's Population Reference Bureau said that most of the money sub-Saharan migrant workers send home is spent on education, health care, buying land, building houses, starting business or improving farms.

In many low- and middle-income countries worldwide, remittances make up a sizeable share of GDP, accounting for as much as 30% in some cases. In Nigeria, remittances are said to account for 5% of total national GDP.

Nigeria is currently in the middle of a constitutional review and one of the key proposals being looked at by legislators is how to give the diasporans a vote. Diaspora communities want to be able to take part in general elections due in 2015.

Nigeria’s States by GDP

1 Lagos State $33,679,258,023
2 Rivers State $21,073,410,422
Total Diaspora $21bn (World Bank Estimate)
3 Delta State $16,749,250,544
4 Oyo State $16,121,670,484
5 Imo State $14,212,637,486
6 Kano State $12,393,103,864
US Diaspora $12,26bn (World Bank Estimate)
7 Edo State $11,888,446,884
8 Akwa Ibom State $11,179,887,963
9 Ogun State $10,470,415,017
10 Kaduna State $10,334,763,785
11 Cross River State $9,292,059,207
12 Abia State $8,687,442,705
13 Ondo State $8,414,302,623
UK Diaspora $7,76bn (World Bank Estimate)
14 Osun State $7,280,597,521
15 Benue State $6,864,209,262
16 Anambra State $6,764,219,562
17 Katsina State $6,022,655,197
18 Niger State $6,002,007,080
19 Borno State $5,175,165,142
20 Plateau State $5,154,059,937
21 Sokoto State $4,818,615,261
22 Bauchi State $4,713,858,180
23 Kogi State $4,642,794,262
24 Adamawa State $4,582,045,246
25 Enugu State $4,396,590,769
26 Bayelsa State $4,337,065,923
27 Zamfara State $4,123,829,498
28 Kwara State $3,841,827,534
29 taraba State $3,397,790,217
30 Kebbi State $3,290,847,166
31 Nassarawa State $3,022,828,885
32 Jigawa State $2,988,014,405
33 Ekiti State $2,848,372,512
34 Ebonyi State $2,732,472,739
35 Gombe State $2,500,467,306
36 Yobe State $2,011,499,000


http://www.nigerianwatch.com/news/1420-diasporans-contribute-more-to-nigerias-gdp-than-34-of-its-36-states

3 Likes

Re: Diasporans Contribute More To Nigeria's GDP Than 34 Of Its 36 States by seunfly: 5:07pm On Mar 15, 2013
ikwere militant: keep decevng urself wit dis kankara statistics so ondo nd ogun make more gdp dan anmbra or abia I laff in french

Although i don't want to join u people in all this tribal and ethnic supremacy, but i will like to enlighten u people about certain things
1) Nigeria get her GDP majorly from agriculture (wikipedia , ministry of finance or CBN will tell u that) and all this SW state are very strong in Agriculture. Infact Ogun, Oyo and Osun have significant numbers of first class commercial farms such as Ajanla(chi), Zaltech, Dezengof, Odunola, Tuns, Eleganza, Eagle farm etc that u don't know about.
2) Some of those state are highly industrialised atleast to Nigerian standard infact Ogun and Oyo state are highly industrailised, Ogun now house most of the high profile companies in Nigeria most of them have relocated to Ogun state. So for the fact the peaple don't know Ibadan or Ogun like Aba, nnewi or Onisha does not means that nothing is going on.
3) GDP does not mean direct wealth to the people, but what can people make of it. Atleast Egypt GDP is less than Nigeria but they may be better than average Nigerians.
@kettykin well i like ur analysis but u forgot to say that what proter and gamble is producing in Nigeria only two companies can stop u 4rm using it which are Unilever and Rekkit bekiser and where are they located? also akwa ibom has potential to even chalenge Lagos if all those things u mentioned has start funtioning but most of them are either proposed, underconstruction or just commisioned which will not give them the Gdp u want them to have right now.
Also project Calabar through tinapa and Obudu would have increased the gdp of the state if it was well managed.
Lastly aba, nnewi and onisha can be another phenomenal project in Nigeria had the state have governors like donald duke or bussines minded governor like fashola who will secure free trade zone and foriegn investment in those area.
All this LFTZ and Osun free trade zone would have worked better in Onisha and aba that are natural trade zones but the governors could not see that.
Overall what has Osun gdp benefited me that i will ridicule Yobe or what makes someone from Rivers state better than me, that will make me to envy rivers gdp. In all we are all Nigerian and we are in it together.
Thanks and God bless Nigeria and me

7 Likes

Re: Diasporans Contribute More To Nigeria's GDP Than 34 Of Its 36 States by Onlytruth(m): 6:04pm On Mar 15, 2013
I know of at least THREE different ways I contribute financially to Nigeria annually, yet I cannot vote from here in the US.
Here they are:

1) Nnewi Scholarship fund
2) Anambra USA medical mission
3) Direct money sent (Western Union mainly) to support relatives

I bet you that most normal (decent) Nigerians in the US do the same.

Tomorrow, some lout at home would come to tell me that we Diasporas "whine too much".

Some Nigerians at home need detailed psych eval. cool

7 Likes

Re: Diasporans Contribute More To Nigeria's GDP Than 34 Of Its 36 States by Tolexander: 6:18pm On Mar 15, 2013
Nice to see that nigerians in the diaspora are still passionate enough to donate to their fatherland without minding the stress they underwent when they were here and also what the fate will befall the money at the end.

Head to head, i am stronger!

And some people keep on coming here to say i don't contribute anything.
Re: Diasporans Contribute More To Nigeria's GDP Than 34 Of Its 36 States by htajz: 8:15pm On Mar 15, 2013
tongue
Re: Diasporans Contribute More To Nigeria's GDP Than 34 Of Its 36 States by dayokanu(m): 8:28pm On Mar 15, 2013
Oyo $16,121,670,484 Imo 14,212,637,486
Ogun $10,470,415,017 Abia $8,687,442,705
Ondo $8,414,302,623 Anambra $6,764,219,562
Osun $7,280,597,521 Enugu $4,396,590,769
Ekiti $2,848,372,512 Ebonyi $2,848,372,512

$45,135,358,157 $36,909,263,034

10 Likes

Re: Diasporans Contribute More To Nigeria's GDP Than 34 Of Its 36 States by ninja4life(m): 8:43pm On Mar 15, 2013
Such a painful thing seeing adults sayin trash must we tribalise evryting most of dose dat comment above needs deir brain examined.how does d current lagos gdp provide food 4 lagosians including d ibos how does having higher gdp means development currently nigeria has gdp growth rate of abt 6.2% but does dat mean average nigerians ar weathier wen d price of commodities are increasing despite d gdp.as long as Nigeria still exist i see no reason why we should be sad over a region success or happy over prevalence of kidnapping,armed robbery,boko haram etc cos wen d issue will be addressd internationally d success or failure of a region belongs 2 Nigeria an a whole not just d region affectd.
Back to d topic its really gud dat we hav some patriotic nigerians who sends money out of deir hard earned cash as dey call it 4 deir families upkeeping hey but 21b dollars dats abt 3.2trillion naira dats abt 70% of 2012 budget wat da hell was dat money used for.

2 Likes

Re: Diasporans Contribute More To Nigeria's GDP Than 34 Of Its 36 States by PapaBrowne(m): 10:08pm On Mar 15, 2013
The amount of capital that lies in the hands of Nigerians outside the country can go a long way to reverse the trend of underemployment in this country.

I have been thinking of setting up a fund someday that would seek to pool diaspora capital for the purpose of funding huge projects with particular focus on building plug n play, ready to occupy industrial parks.


Many huge opportunities emanate from this information.

Real Estate development for Nigerians in Diaspora.
Investment Management for Nigerians in Diaspora.
$21 billion dollars no be small money!

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