Exploring The Economy of the South-EAST: ABIA State

Abia State came into existence in 1991 with Umuahia as its state capital. The state covers approximately an area of 4,900 square kilometres. It is estimated that the population is about 3.72 million.

Abia’s gender distribution is closely aligned between males and females with about 50.3% males and 49.7% females making up the population. Abia’s age distribution has about 60.1% of its population in the 15-64 age bracket, thus showing a viable labour force and active working population.

Abia’s average annually internally generated revenue (IGR) is about N13.63 billion for a period of 5 years between 2014 to 2018. In 2018, the state’s IGR was N14.83 billion. Although the state has significantly improved in its IGR performance over the years, the state recorded a decline of N 82,237,358.31 in 2018 in comparison with its 2017 IGR. The total revenue available to the state in 2018, comprised of IGR of N14.83billion and net Federation Account Allocation (FAAC) of N39.32 billion which amounted to N55.32 billion.