Today.ng : Why Delta ranked poorly in sub-national competitive index – state govt
The poor ranking of Delta State in the sub-national competitive index has been attributed to the low financial accrual to the state from the federation account following increased rate of militancy and pipe vandalism.
The National Competitiveness Council of Nigeria (NCCN) had scored Delta State low in Nigeria’s first sub-national competitiveness index in its overall ranking on the operation of the state’s economy.
Delta State came out a distant 23rd out of a total of 36 states and the Federal Capital Territory (FCT) Abuja, according to NCCN. It placed Lagos State at number one position with Rivers State, Sokoto and Kebbi States coming second, third and fourth respectively.
NCCN stated that the states were judged on the operation of the economy that has to do with access to finance, state finances, business registration and tax.
Explaining the poor performance of the state in the operation of its economy, Commissioner for Economic Planning, Dr. Kingsley Emu also blamed it on the mono nature of the state economy which has resulted on over dependence on oil revenue.
Emu who was flanked by the Commissioner for Information, Mr. Patrick Ukah, told a press conference in Asaba that most of the oil companies shut down and fled the state in the height of the militancy.