Top 20 Richest State in Nigeria

Top 20 Richest State in Nigeria

Richest state in Nigeria, a nation renowned for its abundant natural resources and rich cultural legacy, is home to several states that have a major impact on the country’s economic development. The top 20 richest states in Nigeria will be examined in this article, along with their economic strength and important success factors.

Top Richest State In Nigeria

1. Lagos State:

The first on our top 20 richest state in nigeria is Lagos State, which is frequently referred to as the country’s economic centre. Lagos is a hub for business opportunities due to its booming industries, lively real estate market, and bustling commercial activity that has drawn both domestic and foreign investors.

RANK

STATE: Lagos

GDP: $28,982,026,725

GDP GROWTH:  .1%

|GDP PER CAPITA: $2,174|

#1

2. Rivers State:

The Niger Delta state of Rivers is well known for its oil and gas sector. Nigeria’s economy has grown due in large part to the state’s substantial oil revenue contribution, which has drawn investments in other areas and infrastructure development.

RANK:

STATE: Rivers

GDP: $18,655,004,840

|GDP GROWTH: 1.9%|

GDP PER CAPITA: $2,396

#2

3. Delta State:

Another oil-rich state in the Niger Delta, Delta State, has a thriving economy fueled by oil production and exploration. Additionally, the state has advanced agriculture, notably in the production of crops like cassava and oil palm.

RANK:

STATE: Delta

GDP: $14,751,472,570

|GDP GROWTH: -.1%|

GDP PER CAPITA: $2,452

#3

4. Ogun State:

Strategically situated near Lagos, Ogun State has rapidly industrialised in recent years. The state’s economic growth has been bolstered by the attraction of multiple manufacturing companies due to its investment-friendly policies and close proximity to major ports.

RANK:

STATE: Ogun

GDP: $12,050,266,752

|GDP GROWTH: -.1%|

GDP PER CAPITA: $2,170

#4

5. Oyo State:

The agribusiness sector is flourishing in Oyo State, which is well-known for its agricultural potential. The state is a centre for the production of crops like cocoa, cashew, and maize because of its rich soil and pleasant climate.

RANK:

STATE: Oyo

GDP: $14,359,592,133

|GDP GROWTH: -.6%|

GDP PER CAPITA: $1,718

#5

6. Akwa Ibom State:

The South-South state of Akwa Ibom has grown significantly in the last several years. Exploration for oil and gas, along with investments in tourism and agriculture, are the main drivers of the state’s economy.

RANK:

STATE: Akwa Ibom

GDP: $10,154,048,645

|GDP GROWTH: 5.7%|

GDP PER CAPITA: $1,737

#6

7. Kano State:

Kano State, located in the northern region of Nigeria, is well known for its thriving business community. Due to its advantageous location along important trade routes, the state has become a hub for trade and commerce, which has boosted its economy.

RANK:

STATE: Kano

GDP: $13,611,262,055

|GDP GROWTH: -1.4%|

GDP PER CAPITA: $978

#7

8. Edo State:

Edo State has a varied economy and is renowned for its extensive historical significance and rich cultural legacy. The state’s economy has grown significantly thanks in large part to the oil and gas, agricultural, and tourism industries.

RANK:

STATE: Edo

GDP: $10,696,120,166

|GDP GROWTH: -.2%|

GDP PER CAPITA: $2,393

#8

9. Enugu State:

The coal mining industry in Enugu State, also known as the “Coal City State,” is booming. The state’s economy has developed as a result of investments drawn to the coal reserves, which are used to generate electricity and other related industries.

RANK:

STATE: Enugu

GDP: $4,115,415,401

|GDP GROWTH: -1.9%|

GDP PER CAPITA: $879

#9

10. Kwara State:

Located in the North-Central area, Kwara State boasts a diversified economy fueled by manufacturing, services, and agriculture. The state’s economic growth has been bolstered by the attraction of businesses due to its investment-friendly policies and strategic location.

RANK:

STATE: Kwara

GDP: $3,742,563,051

|GDP GROWTH: .6%|

GDP PER CAPITA: $1,104

#10

11. Anambra State:

Anambra State boasts a thriving commercial sector and is renowned for its entrepreneurial spirit. The state’s economic prosperity is largely attributed to the active participation of its citizens in trade and commerce.

RANK:

STATE: Anambra

GDP: $6,036,241,899

|GDP GROWTH: -.3%|

GDP PER CAPITA: $1,033

#11

12. Imo State:

The South-East state of Imo has a diversified economy that is fueled by manufacturing, services, and agriculture. The state’s efforts to develop its infrastructure and its welcoming business climate have drawn investors and accelerated economic growth.

RANK:

STATE: Imo

GDP: $13,492,238,667

|GDP GROWTH: 15.6%|

GDP PER CAPITA: $2,348

#12

13. Cross River State:

The tourism industry in Cross River State, which is well-known for its abundant biodiversity and tourist destinations, is expanding. The state’s economic development has been aided by its investments in hospitality and ecotourism.

RANK:

STATE: Cross River

GDP: $8,201,773,224

|GDP GROWTH: -2.5%|

GDP PER CAPITA: $2,002

#13

14. Abia State:

Known as the “Small London of Nigeria,” Abia State boasts a flourishing small and medium-sized business community. The state’s economy has grown because of its citizens’ reputation for entrepreneurship.

RANK:

STATE: Abia

GDP: $7,078,540,953

|GDP GROWTH: -2.1%|

GDP PER CAPITA: $1,799

#14

15. Niger State:

The North-Central state of Niger has a diversified economy fueled by mining, agriculture, and the production of hydroelectric power. The state’s economic development has been enhanced by its investments in agricultural projects, including irrigation.

RANK:

STATE: Niger

GDP: $5,658,258,371

|GDP GROWTH: 7%|

GDP PER CAPITA: $955

#15

16. Benue State:

The agricultural industry in Benue State, dubbed the “Food Basket of the Nation,” is booming. The state is a major producer of crops like rice, soybeans, and yams thanks to its fertile land and pleasant climate.

RANK:

STATE: Benue

GDP: $5,806,505,574

|GDP GROWTH: -3.4%|

GDP PER CAPITA: $952

#16

17. Adamawa State:

The northeastern state of Adamawa is home to a diversified economy centred on mining, agriculture, and livestock farming. The state’s economy has grown as a result of its investments in irrigation and other agricultural projects.

RANK:

STATE: Adamawa

GDP: $3,751,750,590

|GDP GROWTH: -2%|

GDP PER CAPITA: $833

#17

18. Kogi State:

Kogi State, which is strategically located in central Nigeria, has a diversified economy that is fueled by mining, agriculture, and the production of hydroelectric power. Investors have been drawn to the state because of its investments in infrastructure development and friendly business environment.

RANK:

STATE: Kogi

GDP: $4,673,085,623

|GDP GROWTH: -1.9%|

GDP PER CAPITA: $984

#18

19. Osun State:

Osun State, which is well-known for its historical sites and rich cultural legacy, is seeing growth in the tourism sector. The state’s economic development has been aided by its investments in tourism infrastructure and promotion.

RANK:

STATE: Osun

GDP: $7,319,461,128

|GDP GROWTH: 7%|

GDP PER CAPITA: $1,464

#19

20. Plateau State:

Known as the “Home of Peace and Tourism,” Plateau State boasts a diversified economy fueled by mining, tourism, and agriculture. The state’s economy has grown as a result of its investments in tourism attraction development and infrastructure development.

RANK:

STATE: Plateau
GDP: $4,964,050,182 |GDP GROWTH: .7%|

GDP PER CAPITA: $1,120

#20

Conclusion:

Top 20 richest Nigeria states are a testament to the potential and diversity of the nation’s economy. These states have drawn businesses and stimulated economic growth by utilising their special resources, advantageous locations, and investment-friendly laws. These states will be essential in determining Nigeria’s economic environment and enhancing its general prosperity as it develops.