Imo state is now the second largest economy in Nigeria after Lagos state. It's not surprising since Nigeria has been investing a lot in gas production recently and Imo state is the largest gas producer in Sub-Saharan Africa.

Imo state just surpassed Rivers and Akwa Ibom to become thr second largest economy in the country because of this. We expect the figures to froglip the moment seplat and Shell gas plant, both with almost $3billion start their operations. The level of economic renewal this will cause for Imo state will be overwhelming.

This is why APC wants to keep Imo state by all means, Imo state is the future of Nigeria and whoever controls Imo state will get the money. Oil is becoming stale, Rivers and Akwa Ibom will gradually be come irrelevant in years to come.

Another state where I expect to see growth in economy is Abia and Anambra state.

Compare southeast state to southeast state, comparing Lagos to any southeast state is like comparing heaven to hell. Check statistics southeast states are very poor in IGR, poor in investment, poor in security...you people are at the bottom.

If you like shout from morning till night, go paste picture of other places as southeast, no investment or visitor will go to southeast, as long as ipob and ESN terrorists are there holding you people as slaves. Nobody wants to be around barbarians.

creativehubb:
Compare southeast state to southeast state, comparing Lagos to any southeast state is like comparing heaven to hell. Check statistics southeast states are very poor in IGR, poor in investment, poor in security...you people are at the bottom.

Well, IGR wise. It's GDP that later translates to IGR, and IGR is not a true indication of the economy of a place.
If a state has more GDP than another but the other has more IGR, it's an indication that the latter is taxing more than the former.
This is basic for anyone who attended a secondary school to grasp, economics was a compulsory subject in school.

So you think it's all about gas exploration? How does gas exploration increase the IGR of a state?

Beremx:
So you think it's all about gas exploration? How does gas exploration increase the IGR of a state?

Where did i mention that it does?

Even though it does anyways, but I never mentioned anything about igr.

Workch:
Well, IGR wise. It's GDP that later translates to IGR, and IGR is not a true indication of thr economy of a place.
If a state has more GDP than another but the other has more IGR, it's an indication that the latter is taxing more than the former.
This is basic for anyone who attended a secondary school to grasp, economics was a compulsory subject in school.

You people always sound stupid, maybe you think everyone is as stupid as you. IGR constitutes GDP...IGR means revenue inflow, you generate revenue by the quality of assets and investments you have. Low or poor IGR shows you are not productive.

Stop talking like a fool, this is nairaland with people wiser than you Igbos.

Without federal allocations southeast will be a dead zone, you idiots will be shouting biafra Biafra, Biafra has given you nothing but death and destruction...you make your money outside biafra land... Southwest, North, South South, Biafrans are everywhere like refugees. Am not southwest, am a Nigerian, I know facts.

Your Gross Domestic Product increased, because you now produce gas for Nigeria

Your IGR remain stagnant because the facility belongs to Nigeria and Imo State doesn't get any new tax except previous 13% derivative


.

Curse777:




Your Gross Domestic Product increased, because you now produce gas for Nigeria

Your IGR remain stagnant because the facility belongs to Nigeria and Imo State doesn't get any new tax except previous 13% derivative


.

accumulate

Workch:
Imo state is now the second largest economy in Nigeria after Lagos state. It's not surprising since Nigeria has been investing a lot in gas production recently and Imo state is the largest gas producer in Sub-Saharan Africa.

Imo state just surpassed Rivers and Akwa Ibom to become thr second largest economy in the country because of this. We expect the figures to froglip the moment seplat and Shell gas plant, both with almost $3billion start their operations. The level of economic renewal this will cause for Imo state will be overwhelming.

This is why APC wants to keep Imo state by all means, Imo state is the future of Nigeria and whoever controls Imo state will get the money. Oil is becoming stale, Rivers and Akwa Ibom will gradually be come irrelevant in years to come.

Another state where I expect to see growth in economy is Abia and Anambra state.

The only thing IMO is lacking now is visionary leadership. Once they get it right, it will permanently change their trajectory.

creativehubb:

You people always sound stupid, maybe you think everyone is as stupid as you. IGR constitutes GDP...IGR means revenue inflow, you generate revenue by the quality of assets and investments you have. Stop talking like a fool, this is nairaland with people wiser than you Igbos.

IGR does not contribute to GDP, I know you failed economics or passed it via special centre or some sort of malpractice but I can help you.

GDP is gross domestic product, it's means the value/amount of production happening in your state. Meaning, the amount of finished products coming out of your state which is an indication of the economic worth of your state.

IGR is a factor of how efficient a government can tax existing businesses in the state, whether or not they are production based businesses that add to the GDP of the state.


Did you skip economics classes? This is why we always preach that children pay attention in class else I wouldn't have to teach an adult basic economics that he would have grasp long before now.

Curse777:




Your Gross Domestic Product increased, because you now produce gas for Nigeria

Your IGR remain stagnant because the facility belongs to Nigeria and Imo State doesn't get any new tax except previous 13% derivative


.

Well, I can't redeem you since you already think that federal government own the gas plants.

Theres no way to help you

creativehubb:
Compare southeast state to southeast state, comparing Lagos to any southeast state is like comparing heaven to hell. Check statistics southeast states are very poor in IGR, poor in investment, poor in security...you people are at the bottom.

If you like shout from morning till night, go paste picture of other places as southeast, no investment or visitor will go to southeast, as long as ipob and ESN terrorists are there holding you people as slaves. Nobody wants to be around barbarians.

Poor in which investment?
Anambra has more indigenous investment per month than any Nigeria state, Abia and IMO of recent is currently doubling up in investment

Unless you are talking about foreign investment, where Lagos,ogun takes they lead
And it's somehow bad because it's killing our local currency,
We should encourage local investment, local production and exportation to grow our economy!

For security
Insecurity in South East is overhyped by media, unknown gunmen only attacks rural part of imo and Anambra and have almost been flushed out of lately
Enugu and ebonyi, including ABA and umuahia part of Abia are one of the safest states in Nigeria!
Reason why different show and cultural festival are being held in Enugu of lately!
Then for i.g.r
Common sense should tell you that over 90% of companies in South East are indigenous, hence a little or no taxes are been paid
You can goggle it
Some years ago Abia state government announce 5 years tax waivers for there indigenous investors
Ask yourself why most south east states have more higher GDP (which is a real index for measuring development) more than most south west state
Despite south west having more i.g.r
They are still the most indebted region in the country!!
If you like giving yourself hope with I.G.R

Igbos and falsehood. In their imagination, they believe Imo GDP is higher than Rivers state. Just imagine how deluded this guy's can be.

Workch:
Well, I can't redeem you since you already think that federal government owns the gas plants.

Theres no way to help you

They guy is just in pains. He is trying to console himself.

Nigercity:


Poor in which investment?
Anambra has more indigenous investment per month than any Nigeria state, Abia and IMO of recent is currently doubling up in investment

Unless you are talking about foreign investment, where Lagos,ogun takes they lead
And it's somehow bad because it's killing our local currency,
We should encourage local investment, local production and exportation to grow our economy!

For security
Insecurity in South East is overhyped by media, unknown gunmen only attacks rural part of imo and Anambra and have almost been flushed out of lately
Enugu and ebonyi, including ABA and umuahia part of Abia are one of the safest states in Nigeria!
Reason why different show and cultural festival are being held in Enugu of lately!
Then for i.g.r
Common sense should tell you that over 90% of companies in South East are indigenous, hence a little or no taxes are been paid
You can goggle it
Some years ago Abia state government announce 5 years tax waivers for there indigenous investors
Ask yourself why most south east states have more higher GDP (which is a real index for measuring development) more than most south west state
Despite south west having more i.g.r
They are still the most indebted region in the country!!
If you like giving yourself hope with I.G.R

When Nigerian police released their mid year data on insecurity, the same south east was the safest zone..

creativehubb:

You people always sound stupid, maybe you think everyone is as stupid as you. IGR constitutes GDP...IGR means revenue inflow, you generate revenue by the quality of assets and investments you have. Low or poor IGR shows you are not productive.

Stop talking like a fool, this is nairaland with people wiser than you Igbos.

Without federal allocations southeast will be a dead zone, you idiots will be shouting biafra Biafra, Biafra has given you nothing but death and destruction...you make your money outside biafra land... Southwest, North, South South, Biafrans are everywhere like refugees.

Lol! Igbophobic rabid animals will never stop having ulcers and Low BP over Igbo issues.

Philistine:
Igbos and falsehood. In their imagination, they believe Imo GDP is higher than Rivers state. Just imagine how deluded this guy's can be.

Why can't you make your comment without mentioning Igbos? The Rivers State you mentioned isn't it still mostly Igbo by ethnicity?

Philistine:
Igbos and falsehood. In their imagination, they believe Imo GDP is higher than Rivers state. Just imagine how deluded this guy's can be.

There's nothing like Igbo here
Because both state have indigenous Igbos, etche is both in IMO and rivers, hope uzodinma village ohaji is also in IMO and rivers, including omuma,egbenma! Let's not even add ikwerre to the conversation! (All divided by borders)
The augrement here should be the two states no need for bringing ethnicity!
Then back to the augrement
Rivers will have a higher i.g.r than IMO state by far because of the presence of large international oil companies there, including shell, agip, chevron e.t.c
But in terms of GDP, am not too sure about that
Because Production in rivers state is stale!
Almost every thing sold in rivers state comes in from ABA in Abia state!
Infact nah rivers, Bayesla and akwa ibom
They patronise ABA pass every other Nigeria state because of it's proximity
From ph to ABA is less than 45 minutes drive excluding bad road! (It's less than traveling from one part of Lagos to another part of Lagos, or traveling from kuje to wuse all in Abuja)
So rivers due to it overdependence in Abia for goods Production is likely to have a low GDP!
But surprisingly there GDP is still not bad compare to those in South West
Who depends on Lagos for almost all goods and services!

Philistine:
Igbos and falsehood. In their imagination, they believe Imo GDP is higher than Rivers state. Just imagine how deluded this guy's can be.

Lol! I never believed that for a second.But you sound like one of those Igbophobic rabid animals.
Doesn't Rivers state contain a portion of Igboland?
60% of the state is Igbo speaking.
One major problem with Igbophobic rabid animals is that they never know fully about an Igbo issue and don't bother researching before ranting like dogs.

Nigercity:


There's nothing like Igbo here
Because both state have indigenous Igbos, etche is both in IMO and rivers, hope uzodinma village ohaji is also in IMO and rivers, including omuma,egbenma! Let's not even add ikwerre to the conversation! (All divided by borders)
The augrement here should be the two states no need for bringing ethnicity!
Then back to the augrement
Rivers will have a higher i.g.r than IMO state by far because of the presence of large international oil companies there, including shell, agip, chevron e.t.c
But in terms of GDP, am not too sure about that
Because Production in rivers state is stale!
Almost every thing sold in rivers state comes in from ABA in Abia state!
Infact nah rivers, Bayesla and akwa ibom
They patronise ABA pass every other Nigeria state because of it's proximity
From ph to ABA is less than 45 minutes drive excluding bad road! (It's less than traveling from one part of Lagos to another part of Lagos, or traveling from kuje to wuse all in Abuja)
So rivers due to it overdependence in Abia for goods Production is likely to have a low GDP!
But surprisingly there GDP is still not bad compare to those in South West
Who depends on Lagos for almost all goods and services!

Well said. Rivers and Imo have communities split by fake borders.

People in port harcourt come to owerri on the weekends to have fun.

Abagworo:


Why can't you make your comment without mentioning Igbos? The Rivers State you mentioned isn't it still mostly Igbo by ethnicity?

He doesn't know, he thinks this is all about Igbo.


Ndoki Igbo group are domicile in Abia, Rivers and Akwa Ibom.

creativehubb:

You people always sound stupid, maybe you think everyone is as stupid as you. IGR constitutes GDP...IGR means revenue inflow, you generate revenue by the quality of assets and investments you have. Low or poor IGR shows you are not productive.

Stop talking like a fool, this is nairaland with people wiser than you Igbos.

Without federal allocations southeast will be a dead zone, you idiots will be shouting biafra Biafra, Biafra has given you nothing but death and destruction...you make your money outside biafra land... Southwest, North, South South, Biafrans are everywhere like refugees.

You just sounded like an illiterate
Go through the thread you will realise you are the only one ranting
IGR and GDP are too different things
South West is still they most indebted region in the country despite having high i.g.r ! The even borrow to till build airport and other things
Unlike Anambra that built an airport without borrowing
Also only an illiterate will start yelling about Igbos migrations!
Because using Google map
And all statics available will tell you that south east is the most dense populated region in Nigeria,
(Go and verify) if you actually understand the meaning of population density!
Anambra alone is the second most dense populated state after Lagos, so is only natural if south easterns migrate!
Also not everyone is leaving south east
Like you myopic people in South West imagines,
fact check, use your phone open Google map, you will realise that the biggest built up urban space (or metropolis) in Nigeria is onistha metropolis which have almost being merged with Owerri in far away IMO as one big city! This is bigger than Lagos, plus agbara,ota, and mowe urban spur by landmass but less in population!
(Technology is always available to verify this fact)
I wonder why
You all thinks that all Igbos are outside South East

But the government can't pay workers salary and retirement benefits unlike other states.

Nigercity:

You just sounded like an illiterate
Go through the thread you will realise you are the only one ranting
IGR and GDP are too different things
South West is still they most indebted region in the country despite having high i.g.r ! The even borrow to till build airport and other things
Unlike Anambra that built an airport without borrowing
Also only an illiterate will start yelling about Igbos migrations!
Because using Google map
All are statics available will tell you that south east is the most dense populated region in Nigeria,
(Go and verify) if you actually understand the meaning of population density!
Anambra alone is the second most dense populated state after Lagos, so is only natural if south easterns migrate!
Also not everyone is leaving south east
Like you myopic people in South West imagines,
fact check, use your phone open Google map, you will realise that the biggest built up urban space in Nigeria is onistha metropolis which have almost being merged with Owerri in far away IMO as one city! (Technology is always available to verify this fact)
I wonder why
You all thinks that all Igbos are outside South East

They have no idea what’s coming. Lol

Nigercity:


Poor in which investment?
Anambra has more indigenous investment per month than any Nigeria state, Abia and IMO of recent is currently doubling up in investment

Unless you are talking about foreign investment, where Lagos,ogun takes they lead
And it's somehow bad because it's killing our local currency,
We should encourage local investment, local production and exportation to grow our economy!

For security
Insecurity in South East is overhyped by media, unknown gunmen only attacks rural part of imo and Anambra and have almost been flushed out of lately
Enugu and ebonyi, including ABA and umuahia part of Abia are one of the safest states in Nigeria!
Reason why different show and cultural festival are being held in Enugu of lately!
Then for i.g.r
Common sense should tell you that over 90% of companies in South East are indigenous, hence a little or no taxes are been paid
You can goggle it
Some years ago Abia state government announce 5 years tax waivers for there indigenous investors
Ask yourself why most south east states have more higher GDP (which is a real index for measuring development) more than most south west state
Despite south west having more i.g.r
They are still the most indebted region in the country!!
If you like giving yourself hope with I.G.R

Which south east state have higher GDP than most South west state apart from Imo state because of the Gas and Oil in the state

PureFace1:


Which south east state have higher GDP than most South west state apart from Imo state because of the Gas and Oil in the state

Anambra

horsepower102:


Anambra

I can see you are a quack economy professor

How does foreign investment kill local currency and economy ? China is what it is today because of foreign investment, part of the reason why China can't easily confront the West is because their economy is tied together.


And Anambra economy is not really bigger than most south west state because Ogun, Ondo and Oyo is matching it bumper to bumper even without Lagos.

PureFace1:



I can see you are a quack economy professor

How does foreign investment kill local currency and economy ? China is what it is today because of foreign investment, part of the reason why China can't easily confront the West is because their economy is tied together.


And Anambra economy is not really bigger than most south west state because Ogun, Ondo and Oyo is matching it bumper to bumper even without Lagos.

There must be another meaning for bigger in your world.

Workch:
Well, IGR wise. It's GDP that later translates to IGR, and IGR is not a true indication of the economy of a place.
If a state has more GDP than another but the other has more IGR, it's an indication that the latter is taxing more than the former.
This is basic for anyone who attended a secondary school to grasp, economics was a compulsory subject in school.

We need to do a lot to widen the tax net in Nigeria. A lot of loopholes and leakages. Advanced countries do 20 -25% of their GDPs as IGR meanwhile in Nigeria we do less than 5% to 5% of GDP. Imagine Nigeria with an about $400bn+ GDP having a revenue of N10tn which is just about $11 - $12bn. The same can be said about our states. Imo state with a GDP of N8tn+ GDP has a budget of about N400bn+ and most of it is made up of loans.

One way we can improve our IGR is by digitising the processes, upscaling the informal economy and strengthening SMEs. There should be measures in place to track earnings of individuals and businesses and tax appropriately. The manual process of collecting tax through agberos leaves room for missing funds. Above all, government should be accountable and stand up to the responsibility of leading right. People will be compelled to pay tax when they see their tax working for them.

Workch:
Well, IGR wise. It's GDP that later translates to IGR, and IGR is not a true indication of the economy of a place.
If a state has more GDP than another but the other has more IGR, it's an indication that the latter is taxing more than the former.
This is basic for anyone who attended a secondary school to grasp, economics was a compulsory subject in school.

You guys should keep deceiving yourselves in the East.

There are taxation and over taxation in the East, it is just that you guys are not that productive and can't generate much when it come to services and industrial sector.


GDP of states in Nigeria is mostly connected to the Natural resources deposit and potential of the state not the real reality but the prospect when the state fully explore its potential plus the natural resources.

The reason why Imo GDP is high is because of Oil and having the highest deposit of Gas which translate to a very big domestic product output when fully invested on it is not because of its industrial capacity or services.

Philistine:
Igbos and falsehood. In their imagination, they believe Imo GDP is higher than Rivers state. Just imagine how deluded this guy's can be.

I just read their posts and laugh 😂😂😂

I wish it was true, so that they can go home and invest in prosperous Imo state.

Workch:
IGR does not contribute to GDP, I know you failed economics or passed it via special centre or some sort of malpractice but I can help you.

GDP is gross domestic product, it's means the value/amount of production happening in your state. Meaning, the amount of finished products coming out of your state which is an indication of the economic worth of your state.

IGR is a factor of how efficient a government can tax existing businesses in the state, whether or not they are production based businesses that add to the GDP of the state.


Did you skip economics classes? This is why we always preach that children pay attention in class else I wouldn't have to teach an adult basic economics that he would have grasp long before now.

IGR in Nigeria reflect the states that are more productive when it come to services and industrial sectors.

GDP in Nigeria favour states with more deposit of Natural resources and it is mostly estimate of the potential of the state and total value of the natural resources deposit of the state when fully invested on and explore.

IGR speak the current state and out put of the industrial and service sectors of a state but GDP include the natural resources deposit too.