10 Richest States In Nigeria (2020 Update)
Do you know the 10 richest states in Nigeria (2020 Update)? This article would tell you the latest about them. So let’s go.
Nigeria as we all know is one of the largest and the most populated countries in Africa.
According to its economy, Nigeria is ranked as the 27th largest in the world in terms of nominal Gross Domestic Profit-GDP and the 24th largest in terms of purchasing power parity.
Coming down to Africa, Nigeria has the largest economy. As of 2016, Nigeria had about $129.1 billion GDP and currently, it has reached a total GDP of $446.543 billion.
Here Are The 10 Richest State In Nigeria
In this article, I would list out 10 richest states we have in Nigeria according to their Gross Domestic Profit-GDP and their Internally Generated Revenue-IGR
Let’s dig in…
Lagos with its capital as Ikeja is one of the richest states in Nigeria has a total GDP of about $150 billion. It is also the most populated in the country having about 18 million inhabitants.
Lagos is one of the oil-producing states in Nigeria and has two major seaports as well as the busiest international airport in the country.
It has an Internally Generated Profit of about 268 billion nairas and per capita of $4,333. It is also currently the fifth-largest economy center in Africa.
Although it is one of the smallest states in Nigeria in terms of the land area of about 3.577km²; It houses many organizations and headquarters.
Having a large GDP, and Internally Generated Revenue Lagos is one of the Richest States we have in Nigeria.
AKWA IBOM STATE
Akwa Ibom is also one of the richest states in Nigeria. Its capital is Uyo. It is one of the oil-producing states in the country located in the southern part of Nigeria.
It has a total population of 5.5 million people with a land area of 7.081km². It houses the Ibom E-library.
Akwa Ibom had an internally generated revenue of 14.79 billion nairas as of 2016 and currently has a Gross Domestic Profit of $13.27 billion and per capita of $2,779.
Portharcourt as it’s the capital city, Rivers State is the third richest state in Nigeria, having generated an IGR of 80 billion nairas as of 2016.
Rivers State is rich in crude oil and natural gas and it is said that 50% of crude oil produced in the country comes from this state. Farming and fishing are also practiced.
Portharcourt, the capital city of Rivers State houses top-notch oil and gas firms such as Shell, NNPC, Total, etc.
It has a total population of 5.2 million people with a land area of 11.077km².
This State has a GDP of $13.19 billion and a per capita of $3.965.
Delta State is located in the south-south geopolitical zone of Nigeria.
It’s is among the largest oil-producing states in the country and thus the fourth richest state in Nigeria.
The capital of Delta State in Asaba. Delta has one of Nigeria’s oil refineries which is situated in Warri, a city in this amiable state.
Not only does this state produce oil but it also produces crops in Nigeria.
It has an Internally Generated Revenue of 40.8 billion nairas, a Gross Domestic Profit of $10.47 billion, and a per capita of $3,990.
Delta State has an estimated population of 4million people and a land area of 17.698km².
Bayelsa is one of the largest oil-producing states in Nigeria located in the south geopolitical zone in the Niger-Delta region of the country.
With a GDP of $8.14 billion, it is considered one of the richest states in Nigeria.
Anambra is one of the richest states in Nigeria and made it to this list having generated 14.74 billion nairas as it’s IGR.
It was was said that most of Igbos’ richest people hail from this state. Aside from being one of the richest states in the country it is also one of the most developed in the southern region of Nigeria.
Anambra state with its capital as Awka has a Gross Domestic Profit of $7.95 billion.
Kano, a North-Western state is ranked the 7th on the list. It generated an IGR of 13.6 billion nairas with a population of over 13 million people.
In terms of numbers, Kano has the largest local government areas in the country. It is also the second most populated state in Nigeria and the most industrialized in the northern region. It is a major producer of skin and hides.
With a GDP of $7.67 billion, and per capita of over $1,288; Kano is one of the richest states in Nigeria.
Akure is the capital city of the Ondo state. It is located in the southwestern part of Nigeria and has an estimated population of about 6 million people with a land area of 15,500km².
The people of Ondo practice agriculture which is their major source of wealth. They are blessed with mineral resources and cash crops like Cocoa.
As of 2016, Ondo generated an IGR of 16.6 billion nairas. Currently, they generated an IGR of 29.8 billion nairas, a GDP of $7.57 billion, and a per capita of $2,666.
Hence, Ondo made it to the list as the 8th richest country in Nigeria.
Ogun State is located in the southwestern part of the country and has Abeokuta as it’s the capital city. It houses Olumo rock which is a site for tourism.
It is the industrial base of Nigeria and also the 9th richest states in the country.
Ogun State is a Yoruba speaking state with a population of over 4 million people and a land area of 16.980km².
In terms of Internally Generated Revenue-IGR, the Ogun state generated about 34.59 billion nairas in 2016.
Currently, it has a GDP of $7.25 billion and a per capita of $2,744.
This state is indeed one of the richest in Nigeria.
The last but not the least on my list is;
With a GDP of $6.95 billion, Kaduna is ranked the 10th on this list as one of the richest states in Nigeria and also among the most developed northern states in the region.
Kaduna has an estimated population of 7 million people and also has the largest education center in the country.
I believe that you have learned the 10 richest states in Nigeria and have discovered their GDPs and IGR.
Feel free to air your views in the comment section below.