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Last Updated on April 18, 2023

Richest States in Nigeria

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1) Lagos State: With a GDP of $33.68 billion

Lagos State retains its position as the wealthiest state in Nigeria. It is home to major financial institutions and industries, making it the heart of Nigeria’s economy.

2) Rivers State: With a GDP of $21.17 billion

Rivers State takes the second spot on the list. The state is known for its oil and gas industry, which contributes significantly to its economy.

3) Delta State: With a GDP of $16.75 billion

Delta State ranks third among the richest states in Nigeria. The state is known for its natural resources and agriculture sector.

4) Oyo State: With a GDP of $16.12 billion,

Oyo State is the fourth richest state in Nigeria. The state is renowned for its Handicraft industry and is known for its talented artisans.

5) Imo State: With a GDP of $14.21 billion,

Imo State ranks fifth among the wealthiest states in Nigeria. The state is known for its industrialization and rich cultural heritage.

6) Kano State: With a GDP of $12.39 billion,

Kano State ranks sixth as one of the wealthiest states in Nigeria. The state is known for its commerce and agriculture industries.

7) Anambra State: With a GDP of $11.39 billion,

Anambra State ranks seventh on the list. The state is known for its manufacturing and industrial sectors and has a flourishing tourism industry.

8) Edo State: With a GDP of $11.19 billion,

Edo State ranks eighth among the wealthiest states in Nigeria. The state is known for its oil and gas industry and has a rich cultural heritage.

9) Akwa Ibom State: With a GDP of $10.59 billion,

Akwa Ibom State ranks ninth among the richest states in Nigeria. The state is known for its oil and gas industry and has a significant contribution to Nigeria’s overall revenue.

10) Ogun State: With a GDP of $10.47 billion,

Ogun State ranks tenth on the list of the wealthiest states in Nigeria. The state is known for its manufacturing and industrial sectors and is home to several multinational companies.

11) Ekiti State: With a GDP of $8.01 billion,

Ekiti State ranks eleventh among the wealthiest states in Nigeria. The state is known for its agriculture and mining industries, and it is also home to several tourist attractions.

12) Osun State: With a GDP of $7.85 billion,

Osun State ranks twelfth on the list. The state is known for its rich cultural heritage, tourism industry, and vast agricultural resources.

13) Kaduna State: With a GDP of $7.32 billion,

Kaduna State ranks thirteenth among the wealthiest states in Nigeria. The state is known for its diverse economy, which includes agriculture, manufacturing, and mining industries.

14) Enugu State: With a GDP of $7.07 billion,

Enugu State ranks fourteenth on the list. The state is known for its coal mining industry, which has contributed significantly to its economy.

15) Kwara State: With a GDP of $6.66 billion,

Kwara State ranks fifteenth among the richest states in Nigeria. The state is known for its agriculture and livestock farming industries.

16) Cross River State: With a GDP of $5.82 billion

Cross River State ranks sixteenth on the list. The state is known for its tourism industry, which includes several tourist attractions such as Obudu Cattle Ranch and Tinapa Resort.

17) Abia State: With a GDP of $5.83 billion

Abia State ranks seventeenth among the wealthiest states in Nigeria. The state is known for its commerce and small-scale industries, such as shoemaking and garment production.

18) Niger State: With a GDP of $5.32 billion

Niger State ranks eighteenth on the list. The state is known for its agriculture and mining industries, as well as its tourism industry.

19) Adamawa State: With a GDP of $5.20 billion

Adamawa State ranks nineteenth among the richest states in Nigeria. The state is known for its agriculture and natural resources, such as fertile soil and abundant rainfall.

20) Bauchi State: With a GDP of $4.81 billion

Bauchi State ranks twentieth among the wealthiest states in Nigeria. The state is known for its agriculture and solid minerals industries, as well as its rich cultural heritage.

21) Nasarawa State: With a GDP of $4.69 billion

Nasarawa State ranks twenty-first on the list. The state is known for its diverse economy, which includes agriculture, mining, and tourism industries.

Each of these 21 states has unique industries and resources that contribute to their wealth and economic growth. However, it is important to note that Nigeria’s economy is still heavily dependent on its oil exports, with the oil and gas industry contributing over 90% of its foreign exchange earnings.

In recent years, the Nigerian government has recognized the need to diversify its economy and reduce its dependence on oil exports. This has led to the development of initiatives such as the Agricultural Transformation Agenda and the Nigeria Industrial Revolution Plan, aimed at boosting non-oil sectors such as agriculture, manufacturing, and tourism.

Despite these efforts, there are still significant challenges facing Nigeria’s economy, such as corruption, inadequate infrastructure, and insecurity. However, the country’s rich natural resources and entrepreneurial spirit offer great potential for economic growth and development.

In conclusion,

these 21 states are among the wealthiest in Nigeria, with each state contributing to the country’s overall economic growth in its own unique way. The Government’s effort to diversify the economy will ensure that Nigeria’s prosperity is not solely reliant on Oil and Gas exports.

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