Wealthiest States in Nigeria: Top 10 in 2021 review
Nigeria ranks among the most prominent nations on the African continent and is one of the most well-known globally.
The nation, often referred to as the giant of Africa, also boasts the distinction of being the most populous nation of black individuals worldwide.
In spite of the pervasive corruption within the nation, it continues to flourish. There are beliefs that certain countries would struggle to endure the extent of corruption that Nigeria has and continues to confront.
For those unfamiliar, Nigeria consists of 36 states and six regions, namely, the South West, South East, South-South, North Central, North East, and North West.
Even amidst the widespread difficulties in the nation, some states are regarded as significant states that are faring relatively well.
We have chosen to present a compilation of the wealthiest states in Nigeria. This compilation is based on the Gross Domestic Product of each state.
Here is a compilation of the ten wealthiest states in Nigeria
Lagos at $33.68 billion Topping the list is Lagos state, which is regarded as the hub of excellence and the economic center of the nation. Reports suggest that if Lagos were a sovereign state, it would rank as the 5th largest economy in Africa. The state’s GDP stands at $33.68 billion.
Rivers at $21.17 billion
This state is known for its oil production, contributing 60 percent of Nigeria’s oil output. The GDP of Rivers is $21.17 billion.
3. Delta at $16.75 billion This state is among Nigeria’s most resource-rich regions. It boasts significant reserves of crude oil and natural gas. The GDP of the state is $16.75 billion.
Oyo state at $16.12 billion This state is located in the South West of the nation and shares its boundary with Lagos state. The state’s economic sector focuses largely on agriculture, and its GDP is $16.12 billion.
5. Imo state at $14.21 billion Situated in the South-Eastern region of Nigeria, Imo has a GDP of $14.21 billion. It is abundant in natural resources, including zinc, natural gas, crude oil, lead, limestone, fine sand, and white clay. Reports indicate there are over 163 oil wells in this state.
Kano state at $12.39 billion
Found in the Northern region of the nation, it has a GDP of $12.39 billion. Kano is one of Nigeria’s largest producers of skins and hides.
Edo at $11.89 billion This state is well-known in Nigeria for its tourist attractions, with a GDP of $11.89 billion.
Akwa Ibom at $11 billion This is one of the distinguished states with remarkable facilities in the country, boasting a GDP of $11 billion.
Ogun state at $11 billion Located in the South West, Ogun state borders Lagos state and hosts numerous industries in the nation such as P&G in Agbara, Coleman Cables in Arepo, Lafarage Cement in Ewekoro, and Dangote Cement in Ibese.
Kaduna state at $10.33 billion This state is largely agrarian, with a population of 6.1 million inhabitants and a GDP of $10.33 billion.
