The Richest State in Nigeria; Top 10

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Looking for the richest state in Nigeria? This article covers Nigeria’s richest state and the top 10 richest states in Nigeria.

An Introduction to the Richest State in Nigeria

Nigeria is one of the world’s richest countries when we consider its abundant natural resources.

Unfortunately, Nigeria is not among the richest countries in terms of Gross Domestic Profit (GDP) because it could not turn these resources into wealth.

This article is on the richest state in Nigeria and the top 10 richest states in Nigeria.

These states are considered independent of the Federal Government’s assistance since the source of their wealth is from their various indigenous sectors – sports, tourism, agriculture, etc.

This article highlights the richest state in Nigeria and the top 10 richest states regarding their GDP and Internally Generated Revenue (IGR).

The Richest State and States in Nigeria

IGR of Richest State in Nigeria

  • Lagos ($33.68bn)
  • Rivers ($21.17bn)
  • Delta ($16.17bn)
  • Oyo($16.12bn)
  • Imo ($14.21bn)
  • Kano ($12.39)
  • Edo ($11.89bn)
  • Akwa-Ibom ($11bn)
  • Ogun ($11bn)
  • Kaduna ($10.33bn)

Lagos State

Presently, Lagos is the richest state in Nigeria.

It has a massive GDP of $33.68bn, and a per-individual income of approximately $4340.

This figure surpasses figures within any other Nigerian region.

Lagos State is in Southwestern Nigeria, sharing its boundaries with the Benin Republic and the Atlantic Ocean.

The state has the smallest landmass area in Nigeria.

Unfortunately, it has the highest population density, with its population estimated at 18m residents.

It is amongst the top populated states in Nigeria.

If Lagos were a country, it would be the fifth-largest economy in Africa.

Lagos has many natural resources – bitumen, clay, glass sand, oil, and gas, but most especially human capital.

Related: Top 39 Fintech Companies in Nigeria; Complete List and All to Know

Rivers State

Rivers state is the second richest state in Nigeria.

The state is bound to many regions of Nigeria by the Atlantic Ocean.

It has a population of 5.2m people, making it amongst the most populous state in the country.

Its capital city – Port Harcourt, is deep in the Niger Delta area, and is Nigeria’s center of oil production. Nigerians are well aware of how wealthy the oil and gas sector is.

The state’s enormous crude oil reserve complements other natural resources found in the state – clay, silica sand, glass sand, etc.

Rivers State’s GDP comes in at an impressive $21.17bn, being amongst the top oil-producing states in Nigeria.

Related: Niger Delta States; History, Governors, Population, All to Know

Delta State

Third, on our list of Nigeria’s richest states is Delta state.

Delta is famous for its agricultural products and oil supplies.

The state is in the Southern region of Nigeria and has a population density of approximately 4.1m.

Asaba, the state’s capital, is found in the state’s Nothern end and has numerous tourist attractions you can visit.

It’s important to note that the state is amongst the states that pay Corpers state allowance.

Warri is known as the center of economic activities in Delta state.

The state is blessed with many natural resources – sand, clay, rocks, etc.

Not to mention it is one of the highest oil-producing states in Nigeria.

Delta state’s GDP is $16.75bn.

Related: Delta State Polytechnic; Ozoro Polytechnic Courses, Post UTME Cut off Mark; All to Know

Oyo State

Oyo state often referred to as the Oyo region, is the fourth most prosperous state in Nigeria with a $16.12bn GDP.

Its capital is Ibadan city.

The state shares borders with Kwara state in its Northern region, Osun state in its eastern region, and Ogun state in its southern region.

It also shares boundaries with the Benin Republic.

The population of the state is approximately 6m people.

Agriculture is the major source of livelihood for the people who live in this state. The main crops cultivated there include rice, millet, cashews, etc.

The Yoruba people are the main occupants of Oyo, and Oyo state’s tourist attractions include;

  • Ibadan
  • Old Oyo National Park
  • Shakiti
  • Iseyin
  • Ogbomosho, and
  • Ado Awaiye.

It’s also filled with many universities and colleges.

Imo State

On our list of richest states in Nigeria, coming fifth is Imo state, with an impressive GDP of $14.21bn.

The state is in the southeast, Nigeria, and shares its borders with Abia, Anambra, Rivers, and River Niger and Delta.

Imo state is the richest state in Igbo land and has its capital as Owerri.

Imo state is blessed with many natural resources – gas, fine sand, limestone, and crude oil.

There are more than 163 oil wells in the state making it amongst the NDDC states in Nigeria.

The state depends on its agricultural and commerce sector.

Primary agricultural products in the area are palm oil, iroko, mahogany, obecha, bamboo, and rubber.

Kano State

Kano state is the sixth most prosperous state in Nigeria.

The Kano state’s GDP totals $12.49bn.

Kano shares borders with Katsina, Jigawa, Bauchi, and Kaduna and its capital city is Kano.

Kano is the second most populated state in Nigeria and its population is a jaw-dropping 11 million people.

The most buoyant sector in Kano is its agricultural sector.

Agriculture is a common means of livelihood in that area.

Popular agricultural produce from Kano includes;

  • Rice
  • Millet
  • Peas
  • Ginger
  • Garlic
  • Pepper, etc.

The state is also blessed with an abundance of natural resources such as tantalum, granite, zinc, silica, etc.

Edo State

Coming in at number 7 as the seventh wealthiest state in Nigeria is Edo. 

Edo state was once part of a twin state called Bendel state.

The capital city of Edo is Benin.

Edo is populated with about 3.5 million people, and it has an impressive GDP of $11.89bn.

The state’s most buoyant sector is its tourism sector because it is filled with many Edo state tourist sites such as the Emotan statue and the River Niger Beach.

Akwa-Ibom State

Located in Southern Nigeria, Akwa-Ibom state makes it to the list as the 8th richest state in Nigeria with a GDP of $11bn.

Its population is approximately 5.5 million people, and the major ethnic groups found there are the Ibibio, Annang, Oron, Eket, and Ibolo.

There are several tourist attractions in Akwa Ibom, so it is natural to understand that the state makes loads of income from tourism.

Ogun State

Ogun state is found in the South-western region of Nigeria and is home to approximately 4 million residents.

It is safe to say that the state is one of Nigeria’s business hub states since there is a high concentration of factories there.

The state enjoys a GDP of $11bn.

Asides from its booming manufacturing sector, it is also blessed with natural resources such as bitumen, tar sand, gemstones, etc.

Kaduna State

Kaduna is located in the North-central region of Nigeria, and it is home to approximately 6.1 million people.

The state made it to our top ten richest state in Nigeria thanks to its $10.33bn GDP.

Like most states in the North, Kaduna’s most prosperous sector is the agricultural sector.

It is also blessed with natural resources such as graphite, amethyst, gold, serpentine, etc.

What is the Poorest State in Nigeria

Regardless that Nigeria is known as one of the richest countries in the world in terms of natural resources, it remains one of the world’s poorest countries, and there’s no denying that not all states are as rich as the ones mentioned above.

Up next, we listed the poorest states in Nigeria in terms of GDP:

Sokoto State

This is the poorest state in Nigeria, with a staggering poverty rate of 87.73% according to Statista.

Its harsh weather condition is a contributing factor to why people don’t invest in the state.

Katsina State

Katsina made it to this list because, unfortunately, it has no solid investments in any sector that can generate income.

Hopefully, the state will discover areas of investments where people can invest in the state.

Adamawa State

Adamawa faces constant attacks from the Boko Haram terrorist group, which has caused many of its residents to flee for safety.

This has brought down the state’s economy to a poverty level of 75.41% according to Statista.

Gombe State

Gombe suffers from insecurity and a crippled economy, leaving it with a poverty rate of 62.31% as stated by the Nigeria Bureau of Statistics.

Jigawa State

This north-western state is mainly populated by the Hausa/Fulani tribe and suffers from low economic growth with a poverty rate of 72.1%.

Plateau State

Plateau is filled with many tourist attractions that could generate income, but because of the constant tribal conflict in the area, its economy has deteriorated.

The state has a poverty rate of 71%

Ebonyi State

Ebonyi made it to this list because of illiteracy and bad governance.

The state has a poverty rate of 70.6%, and unfortunately, it is the poorest state in Igboland.

However, in recent times, there has been a dramatic change and this state is one of the fastest growing states in Nigeria.

Bauchi State

The majority of Bauchi’s residents lack the basic amenities needed to survive. The area is a war-torn zone suffering from insurgent attacks at an overwhelming rate.

This has contributed highly to the state being amongst the poorest in Nigeria.

Kebbi State

Kebbi state is on the list of the poorest states in Nigeria, with a poverty rate of 72%.

Zamfara State

Zamfara makes it to this list with about 70.8% poverty rate.

Which is the Most Educated State in Nigeria

Not all states have the same access to educational facilities in the country, and this sure has an indirect impact on how rich a state gets.

For this reason, some states seem to be more educated than others.

5 of the wealthiest states in Nigeria also made it to this list of being the most educated states in Nigeria.

In this section, we listed the most educated states in Nigeria.

The most educated states in Nigeria include;

  • Imo State
  • Lagos State: Nigeria’s commercial and economic hub. This state has several universities, polytechnics, and private schools.
  • Anambra State: Anambra’s educational institutions have produced some of the brightest and most successful businessmen and entrepreneurs. Nnamdi Azikiwe University is the state’s most prominent university.
  • Oyo State: This state host the first and best university in Nigeria – the University of Ibadan.
  • Rivers State: Rivers is a major producer of oil and gas in Nigeria. It makes sense that income generated goes to the educational sector to ensure the proper management of these resources. Popular schools in Rivers state include the University of Port-Harcourt and Rivers State College of Health and Science.
  • Ogun State: Ogun has the highest number of academic personalities, such as former President Olusegun Obasanjo, Abiodun, and many others. Top-notch universities such as Covenant, Babcock, and Caleb University are present in this state.
  • Enugu State: Our beloved University of Nigeria, Nsukka, is located in Enugu state. Other well known educational institutions in Enugu are Caritas University and the Enugu State University of Technology.
  • Delta State: Delta state host many quality universities, secondary schools, and colleges. A few of them include Delta State Polytechnics, Ogwuashi-Uku, and Ozoro, Nigerian Maritime University, and many others.
  • Akwa-Ibom State: Akwa-Ibom is one of the states that has greatly advanced in the educational sector. Popular educational institutions in the area are Akwa-Ibom State Polytechnic, University of Uyo, etc.
  • Osun State: Although small, Osun state is home to more than five reliable universities- Adeleke University, Redeemers University, Bowen University, etc. The schools are a mix of public and private institutions.

Which State is the Cleanest in Nigeria

Out of all the states listed on the list of the richest state in Nigeria, only 2 made it to the top 5 cleanest states in Nigeria.

These are Rivers and Akwa-Ibom states.

The top 5 cleanest states in Nigeria are:

Abuja

This is no surprise because this is the country’s capital and most of the country’s administrative offices are there.

Abuja is the cleanest state in Nigeria in all aspects.

For anyone who has visited the state before, they can attest to it.

Cross River

Cross River is located in the south-south region of Nigeria, and it comes in second on our list of Nigeria’s cleanest states.

The state boosts of amazing hospitality service as foreigners often visit the state during festive seasons.

Its most popular sector is its tourism sector, and there are many tourist sites for you to choose from if you ever choose to visit there.

Plus, they have some of the richest recipes in Nigeria.

Related: Obudu Cattle Ranch (Obudu Mountain Resort); All You Should Know

Akwa-Ibom

Another state located in Nigeria’s south-south region, we have Akwa-Ibom state as the third cleanest state in Nigeria.

Asides from being amongst the cleanest state in Nigeria, it also has the best Stadium in Nigeria.

If you haven’t visited this state yet, you should.

Rivers

Coming in at number four is Rivers state, the second-highest oil-producing state in Nigeria.

A plethora of Nigerian businesses is located here, especially oil companies such as Shell, Chevron, NNPC, etc.

Lagos

The main focus for our fifth cleanest state in Nigeria is Ikeja, the state capital.

The state capital has beautiful estates, hotels, and tourist attractions.

Some of the most expensive places and tourist attractions in Nigeria are in Lagos – Eko Atlantic, Banana Island, Third Mainland Bridge, etc

Could you imagine a place like that being unkempt?

Concluding on the Richest State in Nigeria

Nigeria may not be among the richest countries in the world, but from what we’ve seen, some of its states have risen to the task of providing the best for its residents.

For the poor states in Nigeria, they are poor majorly because they lack proper management of resources. Hence, an economic reformation in such states can turn things around for the better.

We hope the richest states get richer and the poorest states get better.

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