Every region in Nigeria is rich in their own right. Although there are some states that are wealthier than the others, these top 10 richest states in the country stands out from the rest.
While the economy of the country is still dependent on oil, also know that she is blessed with other various untapped solid mineral and natural resources found in the various states in Nigeria.
Top 10 Richest States in Nigeria 2018
We have listed these richest states in Nigeria in an orderly manner below:
Not only does Lagos state stand as the richest state in Nigeria 2018, it is also the most developed state in the country boasting of the top infrastructural facilities to validate its claim as a mega city.
Although, it is located in the southwestern geo-political zone of the country, Lagos state was once the capital of Nigeria and its the hub of business for most citizens.
Lagos has a small land mass but still remains the most populous Nigerian State with an estimated population of 18 million inhabitants and is seen as the major centre for commercial activities.
Lagos is one of the few states that can stand on its own without the Federal government allocation as she can survive with her Internally Generated Revenue (IGR).
#2 Rivers state
Rivers state is another developed state in Nigeria that is wealthy. Apart from the fact that Rivers boasts a GDP of $21 billion with $3,965 per capita, she is the hub to most of the oil & gas companies in the country like Shell, Chevron, NNPC etc.
The capital of Rivers state is Port Harcourt and she covers a land mass of 11.077 square kilometers approximately with an estimated population of 5.2 million people.
On the map of Nigeria, she is situated in the south-south geo-political zone of the country, serving as Nigeria’s largest deposit of crude oil which accounts for over 60% of the country’s entire volume of crude oil.
Rivers is second on the list of wealthy states, generating an Internally Generated Revenue of about N80 billion in 2016 as published recently.
#3 Delta state
Delta state is the third wealthiest Nigerian state and also one of the major oil producing states in the federation located at the south-south geo-political zone of the country.
Some natural resources found in Delta state include: silica, industrial clay, limestone, kaolin, tar, sand, lignite etc.
With a population of over 4.1 million people, Delta IGR sees its per capita level at $3, 990 with $16.749 billion as total GDP.
#4 Oyo state
Oyo state is another top rich Nigerian state located in southwestern region of the country. The state relies mostly on agricultural proceeds to cater for its needs and has a land mass size of 28, 454 square kilometers.
Some of the agricultural crops grown at Oyo includes: maize, yam, cocoa, cassava, cashew, millet, and plantain. Most of these crops are further exported.
In terms of IGR, Oyo generates N16.6 billion yearly on a GDP of $16.12 billion and per capita of $2,666. Just like Lagos, Oyo is also a Yoruba speaking state.
#5 Imo state
Imo state is the richest south eastern state in the country. It is also one of the developed states in Nigeria as it has various world class beautiful infrastructures with a meager land size.
You might be surprised that recently, Imo was added to one of the oil producing states in the federation. Other mineral endowment found in Imo state include fine sand, limestone, lead, crude oil, natural gas, and zinc.
In terms of land mass, Imo state is small spanning a size of 5, 530 square kilometers. It is an Igbo speaking state.
#6 Kano state
Kano State is the sixth richest states in Nigeria and is located in the North western region of the country. With a land mass of 20, 131 square kilometers, this state is one of the largest states in the country.
As of 2016, Kano state was ranked as the most populous state in the country, although it was subject to controversy due to Lagos’s population by the Nigerian Bureau of Statistics.
Kano is also a popular commercial centre in the country producing agricultural crops like soybean, cotton, garlic, gum, groundnut, etc. The generated Internal revenue stands at N13.6 billion.
#7 Edo state
Edo is a beautiful state located in the south-south of Nigeria. It is one of the ancient kingdoms you can find in the country.
On the map of Nigeria, the state occupies a land mass size of 17, 082 square kilometers. It is home to about 3.5 million people out of Nigeria’s overall population.
It is one of the richest Nigerian states with a per capita of $3.623 and $11.888 billion in overall GDP. One sector that Edo state excels well is the area of tourism.
#8 Akwa Ibom
Akwa Ibom is the eighth wealthiest and beautiful state in Nigeria today. Just like Rivers, it is also one of the major contributors of oil and gas to the nation.
Aside that, it is touted that Akwa Ibom as a developed state that houses one of the finest stadiums in the country. Some of the ethnic groups found in Akwa Ibom are: Obolo, Eket, Oron, Annang and Ibibio.
Citizens in this state are known to be peaceful hence their hospitality to visitors is never a doubt. Akwa Ibom State per capita hit a high of $2, 779, totaling a GDP is of $11.179 billion.
#9 Ogun State
Ogun State ranks 9th among the richest states in Nigeria 2018. Just like Lagos and Oyo, it is located in the south-west.
Ogun is the state with the highest number of factories in the country. This makes the land very industrious. Some of the factories it has are: Dangote Cement, Lafarge Cement, Coleman Cables, Procter and Gamble.
With a land mass of 16, 980 square kilometers in size, its population figure is pegged at 4 million. Ogun state per capita level is estimated at $2, 744 with a total of $10.470 billion as its Gross Domestic Product.
Kaduna State is the last on this list of top 10 richest states in the country. It is also a commercial hub where business thrives.
Located in the north central part of Nigeria, Kaduna has a land mass of 46, 053 square kilometers in size. In terms of population, the state has a total of 6.1 million people living within its territory.
Kaduna State GDP is approximately $10.334 billion with an estimated per capita level of $1, 666.