The states with the highest population.

aribisala0:




slowpoke son of  an
epileptic mother
what ?
was it the marauding soldiers
or the onyegburu
who took advatage of
her  frothy mouth
seizures
and then begat
this halfwit son

like hag mother before
uttering and muttering
in the open market
legs askew
mouth agape
bereft of shame
what is that on ya chin?
please dry it up boy
unseemly it is
in decent company
go back to the market
haply you will find your
ma return from
her wanton wandering
perhaps you two can
do a jiggle
in the shed behind
the market ya home

Your destruction is nearer than you think. You brought this over yourself and your entire family.

Ohaneze1:



Are those banks only in lagos Island? Or are they in Lagos as in Lagos state?? Don't conflict issue here. Onitsha alone has huge economic activities more than Benin 'city' and Edo state in general. Go back to the bank locators and find out. Edo state is not the only people that has diasporans, infact Anambra records highest number of people in the diaspora due their inclination.

"Before we consider the size of this amount of money in the light of its purchasing power let us first look at the position of the Igbo or Biafrans in the picture. The Igbo are estimated to constitute the greater majority of Diaspora “Nigerians” (not surprising: even within Nigeria itself, the Igbo usually make up the largest population after the indigenes of each respective non-Igbo Nigerian state). Thus, 60 to 80% of this Diaspora $10 billion remittance to Nigeria can be safely assumed to be by Igbo/Biafrans, which will then translate to $6 billion to $8 billion."

http://www.examiner.com/foreign-policy-in-raleigh/between-economic-and-political-freedom

assuming all of this is true i am not sure what relevance the ethnicity of money has to our discussion.
one thing i should point out is that in nigeria the number of banks is more a reflection of cash transactions than overall business. Actis is one of the biggest business investors in nigeria and i will be surprised if the ever handle cash in excess of 1 or 2 million naira. so the numbers of banks is a reflection of trading type economic activity but the bigger the business the less cash involved. Shell has for many years been the biggest company in nigeria reflecting close to a quarter of our economy. again most of their bank transactions are cashless.so if anything  a greater number of banks may mean the opposite of what is being assumed

chy101:


Your destruction is nearer than you think. You brought this over yourself and your entire family.

small boy,small prick with small sense

aribisala0:

assuming all of this is true i am not sure what relevance the ethnicity of money has to our discussion.
one thing i should point out is that in nigeria the number of banks is more a reflection of cash transactions than overall business. Actis is one of the biggest business investors in nigeria and i will be surprised if the ever handle cash in excess of 1 or 2 million naira. so the numbers of banks is a reflection of [b]trading type [/b]economic activity but the bigger the business the less cash involved. Shell has for many years been the biggest company in nigeria reflecting close to a quarter of our economy. again most of their bank transactions are cashless.so if anything  a greater number of banks may mean the opposite of what is being assumed

This discourse is not meant for kids, please would you go back to your quarreling and fighting table

rather fustian to call your bigoted exertions a discourse.
spare us the igbo are the best thing since sliced bread diatribe

you mean, the greatest stealers and liquidators of nigerian banks?

PapaBrowne:

Mr Man, i might not be able to cope in a back to back argument with you, because first you lack simple understanding of economic issues and secondly you ignore simple facts!! I said "Benin city has the highest concentration of banks in any city outside Lagos". Benin City is not a state.  Anambra is. Anambra has 3 main cities Onitsha, Awka and Nnewi so having the second is not out of place. Fact still remains that Benin has more banks than Onitsha. And if you think 5th position in a state of 36 with Lagos, Rivers and Abuja guaranteed top slots is bad, then you need more lessons in simple introductory economics.

If I may, if Benin City places 5th amongst over probably 100 modern cities in Nigeria, then you're right, it has a good ranking. What you fail to bring to the table is the amount of money that the number of banks in city has combined. For instance, Benin City could have 50 banks with an average deposit of N2-5million per bank, but another city might have 5 banks with operating deposits/capital of N20million per bank. Either way, each will balance out to N100million. I was far more expecting to see how the number of banks have contributed inwardly NOT outwards towards the city as well as state in general.

PapaBrowne:


Again you don't exactly understand the term FDI as you assume it is limited to big investments from foreign companies. Hence your Sabmiller example. Edo state gets most of its FDI reciepts from Edo's in Diaspora and from western Union and Money Gram records, it receives much more than any other state in the country except Lagos. FYI, such reciepts amount to over $10bn yearly. Edo gets about 20% of all that money. Now that is over $2BN dollars yearly and it is the exactly reason why despite the fact that the state has no oil and very decrepit infrastructure it still tops the charts in any economic indices in the country.

Please what FDI are you referring to? Isn't FDI called Foreign Direct Investment? How do you mean FDI receipts from Diasporas? Huh? I'm a lil lost on this part. Are you using Balance of Payment Principle (Foreign Transfer Payments Receipts) to explain this? BoP is just a minute way of explaining FDI. Foreign remittance and payments can either be individual or entities (business and corporation).

FDI as we know it has simply to do with Capital, Earnings and Investment; however, remittance of the funds for Capital and Investment is how it falls under BoP (foreign payments and transfers).  To be honest, I'm lost on this logic and I will like for you to explain further. If Edo get 20% of this money, how does this money translate into their GDP? As well as Per Capita? Isn't foreign investment a component of GDP? Please, can you thoroughly explain what you have explained because I'm really confused.

Lagos and Ogun state from the little research I carried out.

just a simple advice I think your priority shouldn't be the state but what you intend to invest in

4 pimpin go 2 my OWERRI

Ogun state is the most promising.

Any investment in Port-Harcourt or Lagos is profitable.Lagos is moderate to high price with high turnover while Port-Harcourt is high price with high turnover.

Industries are best sited between Lagos and Ota or between Port-Harcourt and Aba.

Rivers State is the only place I've ever been in Nigeria where traders never complain of poor sales.

Lagos, Benin and Port-Harcourt.

Maybe Sokoto, Zamfara, Benue or Kogi

The major places to invest in Nigeria for fast return on investment mostly manufacturing and technological are:

Lagos -(Has Seaport, Airport for easy evacuation and big economy/commerce)

PH- (Has Seaport, Airport for easy evacuation and big economy/commerce)

Onitsha/Nnewi-(Has Sea/Riverport, Airport (under construction- Anambra Int'l Cargo Airport) for easy evacuation and and big economy/commerce)

Warri- (Has Seaport, Airport for easy evacuation

Kano-(Has Airport for easy evacuation and big economy/commerce)

abagoro:


You people disgust me to the bone.I will not be surprised if both of you are chino11.[/b]You all claim that we are Igbos together but you seem envious of our progress.You never view Owerri as a pride of the Igbo nation.All you do is call our girls prostitutes and refuse to marry them while we live in a fools world believing we are but one people.I hope things do not end up sad.[b]

Come to think of it why do you people call every girl that is not from your State "prostitute"?.Rivers,Delta,Imo,Abia,Akwaibom,Crossriver.That wrong notion on your part has to change.90% of love-peddlers in Port Harcourt are from your State.

It's here again. Communal sentiments. So I can't say the truth for fear of offending my fellow kinsmen...SMH

Economic viability that will yield returns depend on which sector and how close to the market. Virtually all states are good for agricultural productions depending on areas of interest. For industrial activities Ogun, Oyo are choicest but not the limited spaces. For oils and gas Ondo, Delta, Akwa Ibom considering security problems in the Delta areas. Energy investments like oil refining and LNG plants are hot cakes in Lagos and Ibadan.
Poultry and animal farms have huge potentials in Ogun, Oyo, Osun, Ekiti ,Ondo and Kwara states being areas close to the most economically viable population in Nigeria. It will also fit in in Enugu, Benue and Nasarawa states.
Lagos,FCT, Ibadan are excellent locations for properties or real estates. Kano and Kaduna are good places but religious violence has taken its root and it may just have to be for a long time but market wise they have huge population that can support success, may be Kano has more economically incapacitated youths in millions that may not be able to contribute meaningfully is another thing which will ordinarily put many smaller cities and kaduna ahead. Two states often less talked about are Ogun states and Oyo. The next decades belong to Ogun where a lot of people keep trooping into considering the size of the growing immigrants, new factories and available land, its the state of the decade.
Highly promising states in the west are Ondo and and Osun while Ekiti and Edo will need more pragmatic actions,Edo is actually much ahead now while states as Kaduna and Kano will dominate the north for the foreseeable future. Akwa Ibom and Delta states are promising while Rivers will probably be the power house in the south for years to come.
The southeast do have a lot of market activities but in the real economic sense we can reckon with Abia and Anambra with the latter really having great potentials.
Overall, for anyone willing to do business who may see cost of land and associated elements on the high side in Lagos, Ogun and Oyo state are closer and Ibadan is especially a gold mine not seen by many. Aside Lagos Ondo state has the second highest potentials for developments in Nigeria if it were a country. Direct access to the sea, landmass good for agriculture and educated populace, presence of oil and gas that can provide initial funding for the growth of other sectors.Its a state of the future as well alongside Akwa Ibom and states I love are Taraba and Benue because those two states can feed Nigeria but Nigeria is a country full of 'ignorance' and government is oil focused.

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jason123:
Investment in what terms?? Real estate? It all depends on the type of investments.

For ALL investments, I have to admit the Lagos is the place.

Real estate: Ogun (due to her proximity to Lagos), Abuja and Oyo (especially Shangisha), Anambra (Onisha)

Oil and gas: Delta and Rivers. Bayelsa does not produce that much oil although, its where oil was initially discovered.

Finance and stock market: I'd say Lagos because most HQs are situated there so it's easier to get informed in Lagos compared to other states.

Technology and manufacturing companies : Apart from Lagos, I'd say Abia, Enugu and Anambra.

Aviation: Lagos and Abuja

I can go on and on. . . But first, you need to know the sector you want to go into.

Apt