Our great country Nigeria is one blessed with diverse natural resources, a growing population of over 150 million people, she is known as the Giant of Africa.
Nigeria as a nation has 36 states including the Federal Capital Territory located in Abuja.
In the last 50 years, the most important of these assets has been crude oil. However, the wealth of some of the richest states in the nation goes beyond crude oil.
So we are going to be looking at the top 10 richest states in Nigeria according to their Gross Domestic Product (GDP).
TOP 10 RICHEST STATES IN NIGERIA 2018
1. LAGOS STATE:
Lagos is the richest state in the country. In 2016, the state had an internal generated revenue (IGR) of N268 billion and has made the first of the top 10 richest States in Nigeria 2018.
Lagos is the richest state in the country. In 2016, the state had an internal generated revenue (IGR) of N268 billion and has made the first of the top 10 richest States in Nigeria 2018.
Also, Lagos state has a total GDP of $33.6 billion and per capita of $4,333. The state is said to be the fifth largest economic centre in the whole of Africa.
Interestingly, the state is one of the smallest in the country with a land mass of 3.577 square kilometres.
Lagos is home to many financial institutions and headquarters. The state also has a strong drive towards taxation which has boosted its internally generated revenue significantly.
2. RIVERS STATE:
Rivers is the second richest state in the country with an IGR of over N80 billion in 2016. This is particularly due to its vast reserves of natural gas and crude oil. Over 50% of Nigeria’s crude oil output emanates from River State.
The state has a GDP of $21 billion and a per capita of $3,965. Many of the major oil and gas companies in the country such as Shell, Chevron, Total, Oando etc are located in Port Harcourt which is the administrative capital of Rivers State.
The population of Rivers is estimated at 5.2 million and the land area is approximately 11.077 square kilometres.
3. DELTA STATE:
Delta State is another oil producing state that is also ranked highly on the country’s wealth scale. The state generated N40.8 billion in 2016 making it the third richest state in the country.
Currently, Delta has one of the largest deposits of crude oil and natural gas in the country.
The state’s GDP is $16.75 billion with a per capita of $3,990. Located at the South region of Nigeria, the state covers a territory of 17.698 square kilometres. There are over 4 million people currently leaving in Delta State
4. OYO STATE:
Oyo State is another state that has done well in terms of internally generated revenue. The state generated N16.6 billion in 2016.
Also, Oyo has a GDP $16.12 billion and a per capita of $2,666. The state has a population of over 6 million people. A significant part of the working class population in this state is involved in agriculture. Some of the produce from this state include: cashew, palm oil, cocoa, plantains, rice, millet, cassava, yam and maize. These products are exported to other states as well as exported to foreign countries.
Oyo State is located in South West region of Nigeria and it covers a land area of 28.454 square kilometres. There are over 12 million people living in Oyo state.
5. IMO STATE:
IMO state is located in the south eastern part of Nigeria. The capital city is Owerri. The city of Owerri is famous for its history in entertainment. Its a beautiful city filled with luxury hotels and other commercial buildings. The ethnic groups in IMO state includes mbaise, mbano, mbaitoli,ikeduru,Owerri, orlu etc. IMO State is the 5th Richest state in Nigeria with a GDP of $14,212.
6. KANO STATE:
Kano State is located in the Northern Nigeria. It is arguably the Largest state in Nigeria also with a population of over 9 million people. The people of Kano are Hausa people. The Hausa people are predominantly Muslims,they are known for their decent and religious lifestyle.The Hausa Fulani people are known for their cattle rearing. They are called nomads. The city of kano is also known as a city of commerce as it is filled with people from different state doing businesses especially the Igbo people. Kano is is the 6th Richest state with the GDP of $12,393.
7. EDO STATE:
In 2016, Edo state generated N19.11 billion and the state currently has a GDP of $11.88 billion and a per capita of $3.623, Edo state is one of the richest states in Nigeria. The state covers a territory over 17.802 square kilometres and there are currently over 3 million people living in the state.
Edo state is famous for its tourist attractions which include the Emotan Statue in Benin City, the River Niger Beach as well as the Ise Lake in Aghenebode.
8. AKWA IBON STATE:
Akwa Ibom State is also one of the richest states in the country. The state is an oil producing state and in 2016, it generated N14.79 billion in IGR.
Additionally, Akwa Ibom has a GDP of $11.17 billion with a per capita of $2,779. The state is located in the southern part of Nigeria. Akwa Ibom is located along the coastal area and the state has a territory of 7.081 square kilometres.
9. OGUN STATE:
Located in the South Western part of Nigeria, Ogun state is one of the richest states based on IGR.
The state is home to several manufacturing plants of companies like Procter and Gamble in Agbara, Coleman Cables in Arepo, Lafarage Cement in Ewekoro, Dangote Cement in Ibese.
The state generated N34.59 billion in 2016 and currently has a GDP of $10.47 billion and a per capita of $2,744.
Ogun State has over 4 million residents and a land area of 16.980 square kilometres.
10. KADUNA STATE:
Kaduna State is located in the Northern part of Nigeria, with a population of over 5 million people, it is known as the Crocodile city. Though the people of Kaduna speak Hausa language primarily, there are many other indigenous tribes in the state. Kaduna state has an NNPC refinery, though its not an oil producing state. The City of Kaduna is a centre for business and commerce. Its the 10th Richest State in Nigeria with GDP of $10,334.
Below is a table presents a listing of Nigeria's 36 States ranked in order of their total GDP in 2010.
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