Exploring The Economy of the North-East: Adamawa State

Adamawa State came was created in 1991 and originated from the former Gongola State. The State capital is Yola. The State covers approximately an area of 38,700 square kilometers. It is estimated that the population today is about 4.28 million.

Adamawa’s gender distribution is closely aligned between males and females with about 50.6% males and 49.4% females making up the population. Adamawa’s age distribution has about 51.9% of its population in the 15-64 age bracket, thus showing a viable labour force and active working population.

Adamawa’s average annually internally generated revenue (IGR) is about N5.528 billion for a period of 5 years between 2014 to 2018. Although the State has significantly improved in its IGR performance over the years, Adamawa still has one of the lowest IGR among Nigerian States. In 2018 the State’s IGR was N6.2 billion. There is still a lot that can be achieved in the State to increase its revenue. 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 N55.7 billion in total.

In 2018, the State’s budget was N177.9 billion. Adamawa State was only able to finance 3% of its 2018 budget with its IGR. With a 2019 appropriation bill of N244 billion, Adamawa State needs to generate as much as N104.7 billion as IGR, if it is to be self-sufficient in financing its recurrent expenditure in 2019. According to National Bureau of Statistics, Adamawa’s GDP per capita is estimated to be $ 1.417 (2007).

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

Leave A Reply