‘Osun Is Second Wealthiest State In Nigeria’

Osun has been ranked the second less miserable and poverty-ridden state in 2017.

The state was placed the second wealthiest among the 36 states of the federation, according to a report released on Monday.



The Financial Derivatives Company, which released the report, in its presentation, titled: “How the States Performed in 2017,” by its Managing Director Bismark Rewane, said in one of the top three economic analysts in Nigeria, Osun had the lowest net Federal Account Allocation Committee (FAAC) allocation but was not delinquent in the payment of salary arrears.

The report showed that Osun is the second best in the measured “Misery Index” with a 16.37 per cent inflation rate, which also sums up with the rate of under-employment and unemployment.