GROSS DOMESTIC PRODUCT (GDP)

2020 STATE OF STATES RANKINGS FOR SIZE OF GDP



RANK
STATE
GDP*
GDP GROWTH*
GDP PER CAPITA*
#1


Lagos
$28,982,026,725
.1%
$2,174
#2


Rivers
$18,655,004,840
1.9%
$2,396
#3


Delta
$14,751,472,570
-.1%
$2,452
#4


Oyo
$14,359,592,133
-.6%
$1,718
#5


Kano
$13,611,262,055
-1.4%
$978
#6


Imo
$13,492,238,667
15.6%
$2,348
#7


Ogun
$12,050,266,752
-.1%
$2,170
#8


Edo
$10,696,120,166
-.2%
$2,393
#9


Akwa Ibom
$10,154,048,645
5.7%
$1,737
#10


Kaduna
$9,257,479,660
-.4%
$1,056
#11


Ondo
$8,518,451,881
17%
$1,717
#12


Cross River
$8,201,773,224
-2.5%
$2,002
#13


Osun
$7,319,461,128
7%
$1,464
#14


Abia
$7,078,540,953
-2.1%
$1,799
#15


Anambra
$6,036,241,899
-.3%
$1,033
#16


Benue
$5,806,505,574
-3.4%
$952
#17


Niger
$5,658,258,371
7%
$955
#18


Abuja FCT
$5,391,492,820
5.9%
$1,292
#19


Katsina
$5,337,228,655
.3%
$642
#20


Sokoto
$5,090,063,046
14.2%
$959
#21


Plateau
$4,964,050,182
.7%
$1,120
#22


Borno
$4,902,895,994
2.6%
$785
#23


Kogi
$4,673,085,623
-1.9%
$984
#24


Bauchi
$4,672,296,430
16.2%
$670
#25


Bayelsa
$4,280,713,142
-.7%
$1,773
#26


Jigawa
$4,240,457,755
3.8%
$687
#27


Enugu
$4,115,415,401
-1.9%
$879
#28


Zamfara
$4,024,430,859
3.4%
$839
#29


Adamawa
$3,751,750,590
-2%
$833
#30


Kwara
$3,742,563,051
.6%
$1,104
#31


Taraba
$3,466,950,121
-1.5%
$1,067
#32


Nasarawa
$3,099,277,879
1.4%
$1,157
#33


Ekiti
$2,922,923,727
2.5%
$840
#34


Ebonyi
$2,888,378,681
1%
$948
#35


Kebbi
$2,684,906,080
-.4%
$568
#36


Gombe
$2,336,725,192
3.9%
$675
#37


Yobe
$1,604,566,336
1.2%
$456

I will be posting 2021 , 2022 and 2023 no year since 2013 that anambra is ahead of ogun State and Oyo state

GoodLife4live:
I will be posting 2021 , 2022 and 2023 no year since 2013 that anambra is ahead of ogun State and Oyo state

Bewared of fake news peddling by akpu eaters... Akpu zombidients and fake news are like 5 & 6...

Dey went to Wikipedia to edit the original list...Tell them to give u source of their report

Imo state is way ahead of Ekiti, Osun, Ogun, Ondo, and kwara state that used to be Yoruba state before it was conquered and taken over by The Fulani people from Sahel desert 😂

Lol..
Oyo, Imo, Kano are richer than Akwa ibom
State with the highest producer of oil in Nigeria?? Okay na..

This is 2023 reports...
With full details...

Richest states in Nigeria 2023
As the economic giant of Africa, Nigeria has some very prosperous cities. The following are the richest states in Nigeria.

Last updated:2023-07-15T11:04:01Z
Written by

Innocent Benjamin
Innocent Benjamin
Abuja - richest states in Nigeria
Being Africa's wealthiest nation, Nigeria boasts a number of prosperous cities competing economically with the continent's leading metropolises. As with our Nigerian wealth ranking, the richest state in Nigeria is decided by revenue rather than by criteria such as federal allocation.

OTHER NIGERIAN RANKINGS:

Top 10 poorest states in Nigeria 2023 [and poverty causes]
Best loan apps in Nigeria 2023 (and their interest rates)
List of all federal universities in Nigeria (best to worst)
Top 9 highest paying jobs in Nigeria right now (72 million salary)
The 36 states of Nigeria are separated into six geo-political areas, with the Lagos-backed southwest generating over 972 billion NGN in revenue, the country's highest.

Under normal circumstances, the FCT is the second-wealthiest state in Nigeria, but the planned capital city is not considered a state and is thus excluded from this list.

Based solely on internal revenue and capital income, the two most commensurate determinants of wealth, the following are the richest states in Nigeria:

1.
Lagos State
Revenue: 534.5 billion NGN
Richest state in southwest Nigeria

Generating two-fifths of the country's domestic income, Lagos State, a southwestern metropolis, is the undisputed richest state in Nigeria. Despite being the nation's smallest in size, Lagos State is the only state to independently produce half-year revenues in twelve figures.

As expected of the richest state in Nigeria, Lagos is an island of economic prospects that draws 20,000 new residents daily who come to "try their luck" in this global metropolis of limitless options.

Lagos State, the economic and financial hub of Nigeria, is the third most populous city in the world, having a massive retail market that encourages manufacturing sector activities. In addition to being the richest state in Nigeria, Lagos State is also the fifth largest economy in Africa.

More than half of the country's industries, mainly agri-food and oil services, are concentrated in Lagos State, particularly in industrial zones (Ikeja, Ikorodu, and Surulere) and ports such as Apapa and TinCan Terminals.

Lagos State's prominence as the richest state in Nigeria is partly attributable to its port, which handles more than 1.2 million containers a year and three-quarters of Nigeria's imported refined oil.

The Lagos container and commercial port is the fourth biggest in Africa, and the Apapa site alone receives sixty per cent of the country's imports.

The city is also home to the Nigerian Stock Exchange (NSE) and most of the nation's private-sector businesses. Being the richest state in Nigeria, Lagos State is also home to Africa's first startup ecosystem, with more than fifty per cent of its population connected to the internet.

Lagos State is, therefore, a hub for creative businesses and a fertile ground for cultural events, all of which add to its prominence as the richest state in Nigeria.

Lagos State generates so much revenue that it is about four times wealthier than the second-richest state in Nigeria.

Multiple large construction projects are now ongoing in Lagos, such as the Dangote Group Oil Refinery, which, when finished in 2022, became Africa's largest oil refinery.

In addition, the Eko-Atlantic metropolis is a projected 250,000-person city on a reclaimed sea island south of the megapolis.

Lagos State, which boasts 180 kilometres of shoreline and is underlain by sedimentary rocks, is set to transform from the richest state in Nigeria to the "Dubai of Africa": a hub for commerce, tourism, and modernity.

Lagos International Airport alone accounted for three-quarters of the country's international arrivals and departures in 2018, strengthening its position as Nigeria's wealthiest state.

One to watch: FCT Abuja

Abuja, which ought to be among the wealthiest states in Nigeria with an annual income of 131.9 billion NGN, is located in the Federal Capital Territory.

It is a planned 713.5-kilometre metropolis strategically placed in the centre of the nation to balance ethnic and religious alliances.

Governed by the federal administration, the FCT is not considered a state.

On December 12, 1991, Abuja formally replaced Lagos as the capital of Nigeria, displacing the coastal megacity.

Abuja was one of the few instances of controlled urbanisation in modern Nigeria when it was ruled with an iron grip by Nasir el-Rufai, minister in charge of the FCT, from 2003 to 2007.

Abuja has not grown in terms of population as the government had intended due to artificially high real estate prices and the allure of the previous capital, Lagos, which is far more culturally significant.

2.
Rivers State
Revenue: 114.6 billion NGN
Richest state in south-south Nigeria
Rivers is one of the richest states in Nigeria
Rivers State, a significant oil and gas producing Niger Delta state, is the second-richest state in Nigeria. This sector contributes 44.6% of the state's gross domestic product, superseding agriculture and computer technology, which each contribute 10%.

Industry and services contribute a modest 7% and 6% to Rivers State's gross domestic product.

Being one of the richest states in Nigeria, Rivers State is home to the headquarters of Nigeria Liquified Natural Gas Limited, the national enterprise responsible for the production and export of liquefied natural gas.

Through the national oil corporation, NNPC, the state controls 49% of the business, while Shell owns 25.6%, Total owns 15%, and Eni owns 10.0%.

The renowned Bonny Island, home to several refineries and gas processing complexes, is also located within Rivers State.

Several ethnic groups reside in this state, most notably the Ogoni people, who gained worldwide recognition in the 1990s for their campaign against Shell's environmental disaster.

In addition to oil and gas, fishing, agriculture, silica sand, and clay have contributed to Rivers State's standing as one of the richest states in Nigeria.

3.
Ogun State
Revenue: 109.6 billion NGN
ogun is one of the richest states in Nigeria
Located in southwest Nigeria, Ogun State has a large concentration of industrial districts, which has led to its status as the third-richest state in Nigeria. It is regarded as "the Gateway State."

Dangote Cement in Ibese; Nestlé; Lafarge Cement Factory in Ewekoro; Memmcol in Orimerunmu; Coleman Cables in Sagamu and Arepo; and Procter & Gamble in Agbara are among the major factories in Ogun State.

Cement mills, especially at Sagamu, food processing facilities (with the presence of giants like Unilever and Nestlé), breweries, and plastic, rubber, aluminium, and paint manufacturing plants are the primary sectors contributing to Ogun State's status as Nigeria's third-richest state.

Rice, maize, cassava, yam, plantains, cocoa, palm oil, tobacco, and cotton are among the agricultural products that contribute more than 40 per cent to Ogun State's gross domestic product (GDP).

Ogun State's capital city, Abeokuta, is an important economic town, being the road and rail connection between Lagos and the rest of the nation.

Arable land comprises 74% of the state's surface, of which only 30% is farmed, while remnants of tropical rainforest and savannah woodland occupy a portion of the northwest.

Ogun State's primary mineral resources include limestone, chalk, phosphate, and clay, with the Aro granite quarry providing most of southern Nigeria with construction materials.

In addition to being one of the richest states in Nigeria, the comparative advantage of Ogun State resides primarily in its strategic location, which borders the State of Lagos and provides access to the ocean and the Republic of Benin.

4.
Delta State
Revenue: 83.7 billion NGN
Delta is one of the richest states in Nigeria
With 35% of national crude oil output and 40% of natural gas reserves, Delta State, situated in the Niger Delta, is the fourth-richest state in Nigeria.

The natural resources of Delta State include oil and gas, but the state is also endowed with silica, lignite, kaolin, tar sand, gemstones, and limestone.

In addition to fishing and farming, the state's principal businesses include textile, glass, chemical, chalk, plastic, and rubber plants.

Aladja is home to a major but dying steel manufacturing facility, the Delta Steel Company (DSC), which is presently controlled by Premium Steel and Mines Limited (PSML).

The Ethiope River, said to be the only clean body of water in Nigeria, is a tourist attraction, further enhancing Delta State's standing as one of the richest states in Nigeria. It also has a mystic reputation since its source flows under a magnificent tree.

In terms of infrastructure, Ogbe-Ogonogo Modern Market is one of the major marketplaces in Nigeria.

The Nigerian constitution of 1999 mandates that 13 per cent of federal income from natural resources be returned to the state of origin on a "derivation" basis, hence bolstering Delta State's position as one of the richest states in Nigeria.

In addition to the perks of being one of the richest states in Nigeria, Delta State has also suffered from its prosperity, as dozens of oil spills have rendered it "one of the most polluted places on the planet."

5.
Kaduna State
Revenue: 52.9 billion NGN
Richest state in Northern Nigeria
Kaduna is one of the richest states in Nigeria
With eighty per cent of its GDP coming from agriculture, Kaduna State, the national leader in cotton production, is the fifth-richest state in Nigeria.

Other crops include potatoes (280,000 metric tonnes harvested per year), yams, tobacco, beans, millet, ginger, rice, and cassava.

Kaduna State is home to one of the country's four oil refineries, which is sadly no longer functioning. Nonetheless, the state has over 350 manufacturing firms, the majority of which are small and medium-sized enterprises in an industrial sector dominated by textiles, food, and cattle.

As the richest state in Northern Nigeria, commerce and services account for more than a quarter of Kaduna State's gross domestic product. Animal husbandry, including poultry, sheep, goats, and pigs, also plays a significant role in the economy.

Clay, serpentine, asbestos, amethyst, kyanite, gold, graphite, and sillimanite graphite are the state's natural resources.

Kaduna State is also a major player in the education sector, having more federal universities than any other state in Nigeria.

6.
Oyo State
Revenue: 50.4 billion NGN
Oyo is one of the richest states in Nigeria
The sixth-richest state in Nigeria is Oyo State, which has a capital that is the third most populous city in the nation and was previously the second most populous metropolis in Africa. The southwestern state was founded on February 3, 1976.

Oyo State is renowned as the location of the country's first university, the University of Ibadan, which is Nigeria's premier higher education institution.

The majority of the state's economy remains agricultural, with the western city of Shaki serving as its "breadbasket." Cassava, cocoa, and tobacco are essential crops for Oyo State's economy.

Additionally, the state is noted for its cottage industries, including cotton spinning, weaving, leather dyeing, and wood carving.

Enterprises in Ibadan include food processing industries, an abattoir, a brewery, a printing facility, a tobacco processing plant, furniture manufacturing, and car assembly.

One of the richest states in Nigeria, Ibadan, Oyo State's capital city, is home to various agricultural regions and a tropical forest. Ibadan is also a hub to a number of research institutes, including the International Institute of Nigeria and the Federal Cocoa Research Institute.

7.
Akwa-Ibom State
Revenue: 36.2 billion NGN
Akwa-Ibom is one of the richest states in Nigeria
As the country's third-largest oil and gas producer, Akwa-Ibom State is Nigeria's ninth-richest state. The oil and gas sector provides 59% of Akwa-Ibom State's GDP, exceeding agriculture, which contributes 15% to the state's standing as one of the wealthiest in Nigeria.

Akwa-Ibom State's primary products include palm oil, rubber, maize, cassava, yams, and rice, but, being a coastline state, fishing is also significant.

Information and communications technology (ICT) and industry contribute a relatively modest 6% and 4% of GDP, respectively.

A few small and medium-sized contemporary technology enterprises have established themselves, mostly in the state's capital, Uyo.

Located in the Niger Strait, Akwa-Ibom State has an abundance of water and a substantial forest. Therefore, Akwa Ibom State also ranks as one of the richest states in Nigeria due to the abundance of readily irrigated crops and fish in its rivers.

8.
Ondo State
Revenue: 35.8 billion NGN
Ondo is one of the richest states in Nigeria
Ondo State, founded on February 3, 1976, is a state in southern Nigeria with a 15% oil-based economy. As the state that produces the most cocoa in the nation, Ondo State is the eighth-richest in Nigeria.

In addition, asphalt mining and enterprises using the state's expansive coastline are other significant economic drivers that place Ondo State among the richest states in Nigeria.

The state cultivates palm oil and cereals for export, while its traditional industries include pottery manufacturing, textile weaving, tailoring, carpentry, and blacksmithing.

Agriculture is essential to Ondo State's economy, with the primary crops being cotton, tobacco, cocoa, rubber, and lumber. Fish are also abundant in its many water bodies.

9.
Edo State
Revenue: 35.3 billion NGN
Edo is one of the richest states in Nigeria
Edo State was founded on August 27, 1991, in southwestern Nigeria, near the centre of the ancient kingdom of Benin. The state is a producer of crude oil, which generates less than 10 per cent of its revenue yet helps it rank as the ninth-richest state in Nigeria.

Nonetheless, agriculture remains the backbone of Edo State's economy, with yams, cassava, oil palm, rice, and maize as the primary subsistence crops and rubber, lumber, and palm oil as the primary income crops.

In the prosperous Nigerian state, rubber, plywood, beer, timber, and furniture are manufactured.

10.
Kano State
Revenue: 30.1 billion NGN
Kano is one of the richest states in Nigeria
The city of Kano, the second most industrialised in the nation, is a commercial centre that transacts more than 20 billion NGN daily, making it the tenth-richest state in Nigeria.

Nigeria's second-most populous state, Kano State closely correlates to the old Emirate of Kano, which controlled the area before British colonisation.

Food processing, textiles (African Textile Manufacturers Ltd.), vehicle assembly (National Truck Manufacturers Ltd.), pharmaceutical industries, stationery, shoes, etc., account for roughly two-thirds of the state's GDP.

More than sixty per cent of Kano State's population engages in subsistence farming of peanuts, rice, wheat, soybeans, sesame, cotton, and peppers.

As the second-richest state in Northern Nigeria, Kano State has the largest grain market in the subregion.

LagosFirstSon:
Imo state is way ahead of Ekiti, Osun, Ogun, Ondo, and kwara state that used to be Yoruba state before it was conquered and taken over by The Fulani people from Sahel desert 😂

stop peddling fake news up and down.. u guys went to edit the original list onnwiki pedia in other to satisfied your ego / low self esteem...

No southeast state is in too 10 now....

Go to NBS website and confirmed your self...

Ogun state is now number 3

GoodLife4live:
This is 2023 reports...
With full details...

Richest states in Nigeria 2023
As the economic giant of Africa, Nigeria has some very prosperous cities. The following are the richest states in Nigeria.

Last updated:2023-07-15T11:04:01Z
Written by

Innocent Benjamin
Innocent Benjamin
Abuja - richest states in Nigeria
Being Africa's wealthiest nation, Nigeria boasts a number of prosperous cities competing economically with the continent's leading metropolises. As with our Nigerian wealth ranking, the richest state in Nigeria is decided by revenue rather than by criteria such as federal allocation.

OTHER NIGERIAN RANKINGS:

Top 10 poorest states in Nigeria 2023 [and poverty causes]
Best loan apps in Nigeria 2023 (and their interest rates)
List of all federal universities in Nigeria (best to worst)
Top 9 highest paying jobs in Nigeria right now (72 million salary)
The 36 states of Nigeria are separated into six geo-political areas, with the Lagos-backed southwest generating over 972 billion NGN in revenue, the country's highest.

Under normal circumstances, the FCT is the second-wealthiest state in Nigeria, but the planned capital city is not considered a state and is thus excluded from this list.

Based solely on internal revenue and capital income, the two most commensurate determinants of wealth, the following are the richest states in Nigeria:

1.
Lagos State
Revenue: 534.5 billion NGN
Richest state in southwest Nigeria

Generating two-fifths of the country's domestic income, Lagos State, a southwestern metropolis, is the undisputed richest state in Nigeria. Despite being the nation's smallest in size, Lagos State is the only state to independently produce half-year revenues in twelve figures.

As expected of the richest state in Nigeria, Lagos is an island of economic prospects that draws 20,000 new residents daily who come to "try their luck" in this global metropolis of limitless options.

Lagos State, the economic and financial hub of Nigeria, is the third most populous city in the world, having a massive retail market that encourages manufacturing sector activities. In addition to being the richest state in Nigeria, Lagos State is also the fifth largest economy in Africa.

More than half of the country's industries, mainly agri-food and oil services, are concentrated in Lagos State, particularly in industrial zones (Ikeja, Ikorodu, and Surulere) and ports such as Apapa and TinCan Terminals.

Lagos State's prominence as the richest state in Nigeria is partly attributable to its port, which handles more than 1.2 million containers a year and three-quarters of Nigeria's imported refined oil.

The Lagos container and commercial port is the fourth biggest in Africa, and the Apapa site alone receives sixty per cent of the country's imports.

The city is also home to the Nigerian Stock Exchange (NSE) and most of the nation's private-sector businesses. Being the richest state in Nigeria, Lagos State is also home to Africa's first startup ecosystem, with more than fifty per cent of its population connected to the internet.

Lagos State is, therefore, a hub for creative businesses and a fertile ground for cultural events, all of which add to its prominence as the richest state in Nigeria.

Lagos State generates so much revenue that it is about four times wealthier than the second-richest state in Nigeria.

Multiple large construction projects are now ongoing in Lagos, such as the Dangote Group Oil Refinery, which, when finished in 2022, became Africa's largest oil refinery.

In addition, the Eko-Atlantic metropolis is a projected 250,000-person city on a reclaimed sea island south of the megapolis.

Lagos State, which boasts 180 kilometres of shoreline and is underlain by sedimentary rocks, is set to transform from the richest state in Nigeria to the "Dubai of Africa": a hub for commerce, tourism, and modernity.

Lagos International Airport alone accounted for three-quarters of the country's international arrivals and departures in 2018, strengthening its position as Nigeria's wealthiest state.

One to watch: FCT Abuja

Abuja, which ought to be among the wealthiest states in Nigeria with an annual income of 131.9 billion NGN, is located in the Federal Capital Territory.

It is a planned 713.5-kilometre metropolis strategically placed in the centre of the nation to balance ethnic and religious alliances.

Governed by the federal administration, the FCT is not considered a state.

On December 12, 1991, Abuja formally replaced Lagos as the capital of Nigeria, displacing the coastal megacity.

Abuja was one of the few instances of controlled urbanisation in modern Nigeria when it was ruled with an iron grip by Nasir el-Rufai, minister in charge of the FCT, from 2003 to 2007.

Abuja has not grown in terms of population as the government had intended due to artificially high real estate prices and the allure of the previous capital, Lagos, which is far more culturally significant.

2.
Rivers State
Revenue: 114.6 billion NGN
Richest state in south-south Nigeria
Rivers is one of the richest states in Nigeria
Rivers State, a significant oil and gas producing Niger Delta state, is the second-richest state in Nigeria. This sector contributes 44.6% of the state's gross domestic product, superseding agriculture and computer technology, which each contribute 10%.

Industry and services contribute a modest 7% and 6% to Rivers State's gross domestic product.

Being one of the richest states in Nigeria, Rivers State is home to the headquarters of Nigeria Liquified Natural Gas Limited, the national enterprise responsible for the production and export of liquefied natural gas.

Through the national oil corporation, NNPC, the state controls 49% of the business, while Shell owns 25.6%, Total owns 15%, and Eni owns 10.0%.

The renowned Bonny Island, home to several refineries and gas processing complexes, is also located within Rivers State.

Several ethnic groups reside in this state, most notably the Ogoni people, who gained worldwide recognition in the 1990s for their campaign against Shell's environmental disaster.

In addition to oil and gas, fishing, agriculture, silica sand, and clay have contributed to Rivers State's standing as one of the richest states in Nigeria.

3.
Ogun State
Revenue: 109.6 billion NGN
ogun is one of the richest states in Nigeria
Located in southwest Nigeria, Ogun State has a large concentration of industrial districts, which has led to its status as the third-richest state in Nigeria. It is regarded as "the Gateway State."

Dangote Cement in Ibese; Nestlé; Lafarge Cement Factory in Ewekoro; Memmcol in Orimerunmu; Coleman Cables in Sagamu and Arepo; and Procter & Gamble in Agbara are among the major factories in Ogun State.

Cement mills, especially at Sagamu, food processing facilities (with the presence of giants like Unilever and Nestlé), breweries, and plastic, rubber, aluminium, and paint manufacturing plants are the primary sectors contributing to Ogun State's status as Nigeria's third-richest state.

Rice, maize, cassava, yam, plantains, cocoa, palm oil, tobacco, and cotton are among the agricultural products that contribute more than 40 per cent to Ogun State's gross domestic product (GDP).

Ogun State's capital city, Abeokuta, is an important economic town, being the road and rail connection between Lagos and the rest of the nation.

Arable land comprises 74% of the state's surface, of which only 30% is farmed, while remnants of tropical rainforest and savannah woodland occupy a portion of the northwest.

Ogun State's primary mineral resources include limestone, chalk, phosphate, and clay, with the Aro granite quarry providing most of southern Nigeria with construction materials.

In addition to being one of the richest states in Nigeria, the comparative advantage of Ogun State resides primarily in its strategic location, which borders the State of Lagos and provides access to the ocean and the Republic of Benin.

4.
Delta State
Revenue: 83.7 billion NGN
Delta is one of the richest states in Nigeria
With 35% of national crude oil output and 40% of natural gas reserves, Delta State, situated in the Niger Delta, is the fourth-richest state in Nigeria.

The natural resources of Delta State include oil and gas, but the state is also endowed with silica, lignite, kaolin, tar sand, gemstones, and limestone.

In addition to fishing and farming, the state's principal businesses include textile, glass, chemical, chalk, plastic, and rubber plants.

Aladja is home to a major but dying steel manufacturing facility, the Delta Steel Company (DSC), which is presently controlled by Premium Steel and Mines Limited (PSML).

The Ethiope River, said to be the only clean body of water in Nigeria, is a tourist attraction, further enhancing Delta State's standing as one of the richest states in Nigeria. It also has a mystic reputation since its source flows under a magnificent tree.

In terms of infrastructure, Ogbe-Ogonogo Modern Market is one of the major marketplaces in Nigeria.

The Nigerian constitution of 1999 mandates that 13 per cent of federal income from natural resources be returned to the state of origin on a "derivation" basis, hence bolstering Delta State's position as one of the richest states in Nigeria.

In addition to the perks of being one of the richest states in Nigeria, Delta State has also suffered from its prosperity, as dozens of oil spills have rendered it "one of the most polluted places on the planet."

5.
Kaduna State
Revenue: 52.9 billion NGN
Richest state in Northern Nigeria
Kaduna is one of the richest states in Nigeria
With eighty per cent of its GDP coming from agriculture, Kaduna State, the national leader in cotton production, is the fifth-richest state in Nigeria.

Other crops include potatoes (280,000 metric tonnes harvested per year), yams, tobacco, beans, millet, ginger, rice, and cassava.

Kaduna State is home to one of the country's four oil refineries, which is sadly no longer functioning. Nonetheless, the state has over 350 manufacturing firms, the majority of which are small and medium-sized enterprises in an industrial sector dominated by textiles, food, and cattle.

As the richest state in Northern Nigeria, commerce and services account for more than a quarter of Kaduna State's gross domestic product. Animal husbandry, including poultry, sheep, goats, and pigs, also plays a significant role in the economy.

Clay, serpentine, asbestos, amethyst, kyanite, gold, graphite, and sillimanite graphite are the state's natural resources.

Kaduna State is also a major player in the education sector, having more federal universities than any other state in Nigeria.

6.
Oyo State
Revenue: 50.4 billion NGN
Oyo is one of the richest states in Nigeria
The sixth-richest state in Nigeria is Oyo State, which has a capital that is the third most populous city in the nation and was previously the second most populous metropolis in Africa. The southwestern state was founded on February 3, 1976.

Oyo State is renowned as the location of the country's first university, the University of Ibadan, which is Nigeria's premier higher education institution.

The majority of the state's economy remains agricultural, with the western city of Shaki serving as its "breadbasket." Cassava, cocoa, and tobacco are essential crops for Oyo State's economy.

Additionally, the state is noted for its cottage industries, including cotton spinning, weaving, leather dyeing, and wood carving.

Enterprises in Ibadan include food processing industries, an abattoir, a brewery, a printing facility, a tobacco processing plant, furniture manufacturing, and car assembly.

One of the richest states in Nigeria, Ibadan, Oyo State's capital city, is home to various agricultural regions and a tropical forest. Ibadan is also a hub to a number of research institutes, including the International Institute of Nigeria and the Federal Cocoa Research Institute.

7.
Akwa-Ibom State
Revenue: 36.2 billion NGN
Akwa-Ibom is one of the richest states in Nigeria
As the country's third-largest oil and gas producer, Akwa-Ibom State is Nigeria's ninth-richest state. The oil and gas sector provides 59% of Akwa-Ibom State's GDP, exceeding agriculture, which contributes 15% to the state's standing as one of the wealthiest in Nigeria.

Akwa-Ibom State's primary products include palm oil, rubber, maize, cassava, yams, and rice, but, being a coastline state, fishing is also significant.

Information and communications technology (ICT) and industry contribute a relatively modest 6% and 4% of GDP, respectively.

A few small and medium-sized contemporary technology enterprises have established themselves, mostly in the state's capital, Uyo.

Located in the Niger Strait, Akwa-Ibom State has an abundance of water and a substantial forest. Therefore, Akwa Ibom State also ranks as one of the richest states in Nigeria due to the abundance of readily irrigated crops and fish in its rivers.

8.
Ondo State
Revenue: 35.8 billion NGN
Ondo is one of the richest states in Nigeria
Ondo State, founded on February 3, 1976, is a state in southern Nigeria with a 15% oil-based economy. As the state that produces the most cocoa in the nation, Ondo State is the eighth-richest in Nigeria.

In addition, asphalt mining and enterprises using the state's expansive coastline are other significant economic drivers that place Ondo State among the richest states in Nigeria.

The state cultivates palm oil and cereals for export, while its traditional industries include pottery manufacturing, textile weaving, tailoring, carpentry, and blacksmithing.

Agriculture is essential to Ondo State's economy, with the primary crops being cotton, tobacco, cocoa, rubber, and lumber. Fish are also abundant in its many water bodies.

9.
Edo State
Revenue: 35.3 billion NGN
Edo is one of the richest states in Nigeria
Edo State was founded on August 27, 1991, in southwestern Nigeria, near the centre of the ancient kingdom of Benin. The state is a producer of crude oil, which generates less than 10 per cent of its revenue yet helps it rank as the ninth-richest state in Nigeria.

Nonetheless, agriculture remains the backbone of Edo State's economy, with yams, cassava, oil palm, rice, and maize as the primary subsistence crops and rubber, lumber, and palm oil as the primary income crops.

In the prosperous Nigerian state, rubber, plywood, beer, timber, and furniture are manufactured.

10.
Kano State
Revenue: 30.1 billion NGN
Kano is one of the richest states in Nigeria
The city of Kano, the second most industrialised in the nation, is a commercial centre that transacts more than 20 billion NGN daily, making it the tenth-richest state in Nigeria.

Nigeria's second-most populous state, Kano State closely correlates to the old Emirate of Kano, which controlled the area before British colonisation.

Food processing, textiles (African Textile Manufacturers Ltd.), vehicle assembly (National Truck Manufacturers Ltd.), pharmaceutical industries, stationery, shoes, etc., account for roughly two-thirds of the state's GDP.

More than sixty per cent of Kano State's population engages in subsistence farming of peanuts, rice, wheat, soybeans, sesame, cotton, and peppers.

As the second-richest state in Northern Nigeria, Kano State has the largest grain market in the subregion.

Your source of news is questionable. Probably one of your Ibadan expressway tinubu news blog.

The first thread is more credible than this pile of rubbish you're putting out here .

The GDP per capital of Nigerians is so poor. Government needs to focus also on making sure the naira start appreciating against the dollar

LagosFirstSon:


Your source of news is questionable. Probably one of your Ibadan expressway tinubu news blog.

The first thread is more credible than this pile of rubbish you're putting out here .

bros go to NBS and see it your self...

Out of 10 source on the internet.. 9 of them rated ogun state ahead all south east states... But your Wikipedia report spoke otherwise...

Who is fooling who ?

I can show u report from official news line to confirm it yourself ... Stop peddling fake statistics like your principal... Obi

GoodLife4live:
bros go to NBS and see it your self...

Out of 10 source on the internet.. 9 of them rated ogun state ahead all south east states... But your Wikipedia report spoke otherwise...

Who is fooling who ?

I can show u report from official news line to confirm it yourself ... Stop peddling fake statistics like your principal... Obi

Post the link here if you're sincere

Post the 2023 version link here let's verify if you're sure of what you're saying .. I dare you .

LagosFirstSon:

Post the link here if you're sincere

Post the 2023 version link here let's verify if you're sure of what you're saying .. I dare you .

u can't continue to fool nigerians with your akpu edited version...

Dis is what Google will show u if u search on line .... Except the WIKIPEDIA spoke otherwise..

GoodLife4live:
u can't continue to fool nigerians with your akpu edited version...

Dis is what Google will show u if u search on line .... Except the WIKIPEDIA spoke otherwise..

which state made the 10th?

LagosFirstSon:

Post the link here if you're sincere

Post the 2023 version link here let's verify if you're sure of what you're saying .. I dare you .

take it and let it digest into your mind..

Nigeria GDP - 2023 Data - 2024 Forecast - Trading Economics https://tradingeconomics.com/nigeria/gdp

LagosFirstSon:

Post the link here if you're sincere

Post the 2023 version link here let's verify if you're sure of what you're saying. I dare you.

I am also interested in the link. We don't need analysis. The facts and statistics are enough.

MadamExcellency:


I am also interested in the link. We don't need analysis. The facts and statistics are enough.

Nigeria GDP - 2023 Data - 2024 Forecast - Trading Economics https://tradingeconomics.com/nigeria/gdp incase u need more link l|t me know..

U can as well Google it yourself and see what Google will bring

We must stop all dis akpu miscreants from spreading fake news on all social Medias...

I don't even know what dey are going to gain from it.... Nawah for them

GoodLife4live:
take it and let it digest into your mind..

Nigeria GDP - 2023 Data - 2024 Forecast - Trading Economics https://tradingeconomics.com/nigeria/gdp

There is nothing about individual States from the website and the link you posted.

GoodLife4live:
We must stop all dis akpu miscreants from spreading fake news on all social Media...

I don't even know what day is going to gain from it... Nawah for them

Do you think that Nairaland is for braggarts alone? Can you substantiate your claims for academic referencing?

Where are the verifiable GDP Stats per Nigerian State?

OP is actually correct

Check the data here

https://stateofstates.kingmakers.com.ng/GDP/Default.aspx

MadamExcellency:


Do you think that Nairaland is for braggarts alone? Can you substantiate your claims for academic referencing?

Where are the verifiable GDP Stats per Nigerian State?

Follow the link below

https://stateofstates.kingmakers.com.ng/GDP/Default.aspx


2023 report of top 10

https://www.clacified.com/business/16/richest-state-nigeria#:~:text=In%20addition%20to%20being%20the,fifth%20largest%20economy%20in%20Africa.

GoodLife4live:
bros go to NBS and see it your self...

Out of 10 source on the internet.. 9 of them rated ogun state ahead all south east states... But your Wikipedia report spoke otherwise...

Who is fooling who ?

I can show u report from official news line to confirm it yourself ... Stop peddling fake statistics like your principal... Obi

Don't mind the OBIdient Aba mad news makers lol 😆

That thing OP posted has been on WIKIPEDIA since 2010

Fake or outdated list! Akwa ibom can't be one of the richest state in Nigeria. Cause 80%of them are living in extreme poverty,and almost all of them are running form the state.
You can't be a rich state yet your people are running away form it,doing odd jobs in other states.🤷🚶🚶

Ola9ja23:


Follow the link below

https://stateofstates.kingmakers.com.ng/GDP/Default.aspx


2023 report of top 10

https://www.clacified.com/business/16/richest-state-nigeria#:~:text=In%20addition%20to%20being%20the,fifth%20largest%20economy%20in%20Africa.

These are blog sites with speculative opinions based curled from internet news.

Who is kingmakers and claciified?

We want a registered data science and analytical company or organization.

Something like Statsense, National Bureau of Statistics or the likes.

This report is false, Lagos state GDP is more than that.

Barker Shoes Provide the best leather shoes all over the World the material they use is so good that makes you assure you that delivery is always on time.

GoodLife4live:
I will be posting 2021 , 2022 and 2023 no year since 2013 that anambra is ahead of ogun State and Oyo state

Obi and his followers are unrepentant liars. Are you surprised?

Eniitankorede:





Obi and his followers are unrepentant liars. Are you surprised?

Mûmu wetin concern Obi and GDP now?

Are you an imbe?

Gucciblog:


Mûmu wetin concern Obi and GDP now?

Are you an imbe?

The terrible legacy of Obi in Anambra can be seen now!!! And the beautiful legacy of Tinubu in Lagos can be seen.

Where did you get this from?

GoodLife4live:
This is 2023 reports...
With full details...

Richest states in Nigeria 2023
As the economic giant of Africa, Nigeria has some very prosperous cities. The following are the richest states in Nigeria.

Last updated:2023-07-15T11:04:01Z
Written by

Innocent Benjamin
Innocent Benjamin
Abuja - richest states in Nigeria
Being Africa's wealthiest nation, Nigeria boasts a number of prosperous cities competing economically with the continent's leading metropolises. As with our Nigerian wealth ranking, the richest state in Nigeria is decided by revenue rather than by criteria such as federal allocation.

OTHER NIGERIAN RANKINGS:

Top 10 poorest states in Nigeria 2023 [and poverty causes]
Best loan apps in Nigeria 2023 (and their interest rates)
List of all federal universities in Nigeria (best to worst)
Top 9 highest paying jobs in Nigeria right now (72 million salary)
The 36 states of Nigeria are separated into six geo-political areas, with the Lagos-backed southwest generating over 972 billion NGN in revenue, the country's highest.

Under normal circumstances, the FCT is the second-wealthiest state in Nigeria, but the planned capital city is not considered a state and is thus excluded from this list.

Based solely on internal revenue and capital income, the two most commensurate determinants of wealth, the following are the richest states in Nigeria:

1.
Lagos State
Revenue: 534.5 billion NGN
Richest state in southwest Nigeria

Generating two-fifths of the country's domestic income, Lagos State, a southwestern metropolis, is the undisputed richest state in Nigeria. Despite being the nation's smallest in size, Lagos State is the only state to independently produce half-year revenues in twelve figures.

As expected of the richest state in Nigeria, Lagos is an island of economic prospects that draws 20,000 new residents daily who come to "try their luck" in this global metropolis of limitless options.

Lagos State, the economic and financial hub of Nigeria, is the third most populous city in the world, having a massive retail market that encourages manufacturing sector activities. In addition to being the richest state in Nigeria, Lagos State is also the fifth largest economy in Africa.

More than half of the country's industries, mainly agri-food and oil services, are concentrated in Lagos State, particularly in industrial zones (Ikeja, Ikorodu, and Surulere) and ports such as Apapa and TinCan Terminals.

Lagos State's prominence as the richest state in Nigeria is partly attributable to its port, which handles more than 1.2 million containers a year and three-quarters of Nigeria's imported refined oil.

The Lagos container and commercial port is the fourth biggest in Africa, and the Apapa site alone receives sixty per cent of the country's imports.

The city is also home to the Nigerian Stock Exchange (NSE) and most of the nation's private-sector businesses. Being the richest state in Nigeria, Lagos State is also home to Africa's first startup ecosystem, with more than fifty per cent of its population connected to the internet.

Lagos State is, therefore, a hub for creative businesses and a fertile ground for cultural events, all of which add to its prominence as the richest state in Nigeria.

Lagos State generates so much revenue that it is about four times wealthier than the second-richest state in Nigeria.

Multiple large construction projects are now ongoing in Lagos, such as the Dangote Group Oil Refinery, which, when finished in 2022, became Africa's largest oil refinery.

In addition, the Eko-Atlantic metropolis is a projected 250,000-person city on a reclaimed sea island south of the megapolis.

Lagos State, which boasts 180 kilometres of shoreline and is underlain by sedimentary rocks, is set to transform from the richest state in Nigeria to the "Dubai of Africa": a hub for commerce, tourism, and modernity.

Lagos International Airport alone accounted for three-quarters of the country's international arrivals and departures in 2018, strengthening its position as Nigeria's wealthiest state.

One to watch: FCT Abuja

Abuja, which ought to be among the wealthiest states in Nigeria with an annual income of 131.9 billion NGN, is located in the Federal Capital Territory.

It is a planned 713.5-kilometre metropolis strategically placed in the centre of the nation to balance ethnic and religious alliances.

Governed by the federal administration, the FCT is not considered a state.

On December 12, 1991, Abuja formally replaced Lagos as the capital of Nigeria, displacing the coastal megacity.

Abuja was one of the few instances of controlled urbanisation in modern Nigeria when it was ruled with an iron grip by Nasir el-Rufai, minister in charge of the FCT, from 2003 to 2007.

Abuja has not grown in terms of population as the government had intended due to artificially high real estate prices and the allure of the previous capital, Lagos, which is far more culturally significant.

2.
Rivers State
Revenue: 114.6 billion NGN
Richest state in south-south Nigeria
Rivers is one of the richest states in Nigeria
Rivers State, a significant oil and gas producing Niger Delta state, is the second-richest state in Nigeria. This sector contributes 44.6% of the state's gross domestic product, superseding agriculture and computer technology, which each contribute 10%.

Industry and services contribute a modest 7% and 6% to Rivers State's gross domestic product.

Being one of the richest states in Nigeria, Rivers State is home to the headquarters of Nigeria Liquified Natural Gas Limited, the national enterprise responsible for the production and export of liquefied natural gas.

Through the national oil corporation, NNPC, the state controls 49% of the business, while Shell owns 25.6%, Total owns 15%, and Eni owns 10.0%.

The renowned Bonny Island, home to several refineries and gas processing complexes, is also located within Rivers State.

Several ethnic groups reside in this state, most notably the Ogoni people, who gained worldwide recognition in the 1990s for their campaign against Shell's environmental disaster.

In addition to oil and gas, fishing, agriculture, silica sand, and clay have contributed to Rivers State's standing as one of the richest states in Nigeria.

3.
Ogun State
Revenue: 109.6 billion NGN
ogun is one of the richest states in Nigeria
Located in southwest Nigeria, Ogun State has a large concentration of industrial districts, which has led to its status as the third-richest state in Nigeria. It is regarded as "the Gateway State."

Dangote Cement in Ibese; Nestlé; Lafarge Cement Factory in Ewekoro; Memmcol in Orimerunmu; Coleman Cables in Sagamu and Arepo; and Procter & Gamble in Agbara are among the major factories in Ogun State.

Cement mills, especially at Sagamu, food processing facilities (with the presence of giants like Unilever and Nestlé), breweries, and plastic, rubber, aluminium, and paint manufacturing plants are the primary sectors contributing to Ogun State's status as Nigeria's third-richest state.

Rice, maize, cassava, yam, plantains, cocoa, palm oil, tobacco, and cotton are among the agricultural products that contribute more than 40 per cent to Ogun State's gross domestic product (GDP).

Ogun State's capital city, Abeokuta, is an important economic town, being the road and rail connection between Lagos and the rest of the nation.

Arable land comprises 74% of the state's surface, of which only 30% is farmed, while remnants of tropical rainforest and savannah woodland occupy a portion of the northwest.

Ogun State's primary mineral resources include limestone, chalk, phosphate, and clay, with the Aro granite quarry providing most of southern Nigeria with construction materials.

In addition to being one of the richest states in Nigeria, the comparative advantage of Ogun State resides primarily in its strategic location, which borders the State of Lagos and provides access to the ocean and the Republic of Benin.

4.
Delta State
Revenue: 83.7 billion NGN
Delta is one of the richest states in Nigeria
With 35% of national crude oil output and 40% of natural gas reserves, Delta State, situated in the Niger Delta, is the fourth-richest state in Nigeria.

The natural resources of Delta State include oil and gas, but the state is also endowed with silica, lignite, kaolin, tar sand, gemstones, and limestone.

In addition to fishing and farming, the state's principal businesses include textile, glass, chemical, chalk, plastic, and rubber plants.

Aladja is home to a major but dying steel manufacturing facility, the Delta Steel Company (DSC), which is presently controlled by Premium Steel and Mines Limited (PSML).

The Ethiope River, said to be the only clean body of water in Nigeria, is a tourist attraction, further enhancing Delta State's standing as one of the richest states in Nigeria. It also has a mystic reputation since its source flows under a magnificent tree.

In terms of infrastructure, Ogbe-Ogonogo Modern Market is one of the major marketplaces in Nigeria.

The Nigerian constitution of 1999 mandates that 13 per cent of federal income from natural resources be returned to the state of origin on a "derivation" basis, hence bolstering Delta State's position as one of the richest states in Nigeria.

In addition to the perks of being one of the richest states in Nigeria, Delta State has also suffered from its prosperity, as dozens of oil spills have rendered it "one of the most polluted places on the planet."

5.
Kaduna State
Revenue: 52.9 billion NGN
Richest state in Northern Nigeria
Kaduna is one of the richest states in Nigeria
With eighty per cent of its GDP coming from agriculture, Kaduna State, the national leader in cotton production, is the fifth-richest state in Nigeria.

Other crops include potatoes (280,000 metric tonnes harvested per year), yams, tobacco, beans, millet, ginger, rice, and cassava.

Kaduna State is home to one of the country's four oil refineries, which is sadly no longer functioning. Nonetheless, the state has over 350 manufacturing firms, the majority of which are small and medium-sized enterprises in an industrial sector dominated by textiles, food, and cattle.

As the richest state in Northern Nigeria, commerce and services account for more than a quarter of Kaduna State's gross domestic product. Animal husbandry, including poultry, sheep, goats, and pigs, also plays a significant role in the economy.

Clay, serpentine, asbestos, amethyst, kyanite, gold, graphite, and sillimanite graphite are the state's natural resources.

Kaduna State is also a major player in the education sector, having more federal universities than any other state in Nigeria.

6.
Oyo State
Revenue: 50.4 billion NGN
Oyo is one of the richest states in Nigeria
The sixth-richest state in Nigeria is Oyo State, which has a capital that is the third most populous city in the nation and was previously the second most populous metropolis in Africa. The southwestern state was founded on February 3, 1976.

Oyo State is renowned as the location of the country's first university, the University of Ibadan, which is Nigeria's premier higher education institution.

The majority of the state's economy remains agricultural, with the western city of Shaki serving as its "breadbasket." Cassava, cocoa, and tobacco are essential crops for Oyo State's economy.

Additionally, the state is noted for its cottage industries, including cotton spinning, weaving, leather dyeing, and wood carving.

Enterprises in Ibadan include food processing industries, an abattoir, a brewery, a printing facility, a tobacco processing plant, furniture manufacturing, and car assembly.

One of the richest states in Nigeria, Ibadan, Oyo State's capital city, is home to various agricultural regions and a tropical forest. Ibadan is also a hub to a number of research institutes, including the International Institute of Nigeria and the Federal Cocoa Research Institute.

7.
Akwa-Ibom State
Revenue: 36.2 billion NGN
Akwa-Ibom is one of the richest states in Nigeria
As the country's third-largest oil and gas producer, Akwa-Ibom State is Nigeria's ninth-richest state. The oil and gas sector provides 59% of Akwa-Ibom State's GDP, exceeding agriculture, which contributes 15% to the state's standing as one of the wealthiest in Nigeria.

Akwa-Ibom State's primary products include palm oil, rubber, maize, cassava, yams, and rice, but, being a coastline state, fishing is also significant.

Information and communications technology (ICT) and industry contribute a relatively modest 6% and 4% of GDP, respectively.

A few small and medium-sized contemporary technology enterprises have established themselves, mostly in the state's capital, Uyo.

Located in the Niger Strait, Akwa-Ibom State has an abundance of water and a substantial forest. Therefore, Akwa Ibom State also ranks as one of the richest states in Nigeria due to the abundance of readily irrigated crops and fish in its rivers.

8.
Ondo State
Revenue: 35.8 billion NGN
Ondo is one of the richest states in Nigeria
Ondo State, founded on February 3, 1976, is a state in southern Nigeria with a 15% oil-based economy. As the state that produces the most cocoa in the nation, Ondo State is the eighth-richest in Nigeria.

In addition, asphalt mining and enterprises using the state's expansive coastline are other significant economic drivers that place Ondo State among the richest states in Nigeria.

The state cultivates palm oil and cereals for export, while its traditional industries include pottery manufacturing, textile weaving, tailoring, carpentry, and blacksmithing.

Agriculture is essential to Ondo State's economy, with the primary crops being cotton, tobacco, cocoa, rubber, and lumber. Fish are also abundant in its many water bodies.

9.
Edo State
Revenue: 35.3 billion NGN
Edo is one of the richest states in Nigeria
Edo State was founded on August 27, 1991, in southwestern Nigeria, near the centre of the ancient kingdom of Benin. The state is a producer of crude oil, which generates less than 10 per cent of its revenue yet helps it rank as the ninth-richest state in Nigeria.

Nonetheless, agriculture remains the backbone of Edo State's economy, with yams, cassava, oil palm, rice, and maize as the primary subsistence crops and rubber, lumber, and palm oil as the primary income crops.

In the prosperous Nigerian state, rubber, plywood, beer, timber, and furniture are manufactured.

10.
Kano State
Revenue: 30.1 billion NGN
Kano is one of the richest states in Nigeria
The city of Kano, the second most industrialised in the nation, is a commercial centre that transacts more than 20 billion NGN daily, making it the tenth-richest state in Nigeria.

Nigeria's second-most populous state, Kano State closely correlates to the old Emirate of Kano, which controlled the area before British colonisation.

Food processing, textiles (African Textile Manufacturers Ltd.), vehicle assembly (National Truck Manufacturers Ltd.), pharmaceutical industries, stationery, shoes, etc., account for roughly two-thirds of the state's GDP.

More than sixty per cent of Kano State's population engages in subsistence farming of peanuts, rice, wheat, soybeans, sesame, cotton, and peppers.

As the second-richest state in Northern Nigeria, Kano State has the largest grain market in the subregion.

I thought you were up to something meaningful but you just proved how empty you are.

How can a supposed educated person be quoting a blog as authoritative? A blog that was written by any random guy who could be very ignorant or even biased?

Yet you discredited facts provided by recognized institutions?

What a pity?!

GoodLife4live:
u can't continue to fool nigerians with your akpu edited version...

Dis is what Google will show u if u search on line .... Except the WIKIPEDIA spoke otherwise..

Stop posting trash, you're disgracing yourself.
This is another blog and anyone is free to write anything in blogs. Are you even educated at all?

You guys don't know how ridiculous you sound to educated people