List of Top 10 Richest States in Nigeria (2020, GDP)

Nigeria is the richest country in Africa. The country has 36 states and a Federal Capital Territory. The wealth status of Nigeria is not distributed equally among these 36 states.

While some have a GDP of more than $20 billion, others have a GDP of less than $5 billion. This post will discuss the list of top 10 richest states in Nigeria according to their GDP. The richest state in Nigeria this 2020 is Lagos State as we shall see in a short while.

 

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FULL LIST OF THE TOP 10 RICHEST STATES IN NIGERIA

These is a list of the top 10 richest states in Nigeria according to their GDP this 2020:

LAGOS STATE ($150 BILLION)

Lagos state is the richest state in Nigeria with a total GDP of $150 billion. Its capital city is Ikeja. The state is also the most populated state in the country as well as the smallest state in Nigeria by total land area.

Lagos state is the most economically important state in the country. It has been stated that if Lagos state was to be a country, it will be the 5th largest economy in Africa. It is home to Lagos Metropolitan Area, the most populous city in Nigeria and one of the most populous in the world.

It is also home to the two major seaports in Nigeria as well as a home to the busiest international airport in the country. Lagos State is also one of the oil producing states in Nigeria.

AKWA IBOM STATE ($13.27 BILLION)

Akwa Ibom has steadily been on the rise for some time now and their economy is one of the best in Nigeria. The state is the second richest in the country with a total GDP of $13.27 billion.

This state is the largest producer of oil in the country and the city of Uyo, one of the most beautiful cities is the capital of the state.

RIVERS STATE ($13.19 BILLION)

Rivers state is the third richest state in Nigeria this 2020, behind only Lagos and Akwa Ibom States, with a total GDP of $13.19 billion. It is located in the oil rich Niger-Delta region and home to two Nigerian oil refineries. The capital of the state, Port Harcourt is where these refineries are located.

Rivers state is one of the most populated states in the country and apart from it being an oil producer, farming and fishing are also practiced in the state.

DELTA STATE ($10,47 BILLION)

Delta state, just like Rivers state is located in the South-South Geopolitical zone of Nigeria. It is the fourth richest state in the country and is among the largest producers of crude oil in the country.

Delta is home to Warri, a town where one of Nigeria’s oil refineries is located. The capital city of the state is Asaba. Apart from being an oil producer, Delta state is also a producer of agricultural crops in the country.

BAYELSA STATE ($8.14 BILLION)

Bayelsa state is a South-South state located in the Niger-Delta region the country and it is the fifth richest state in the country with a total GDP of $8.14 billion. This State is the home of former President, Goodluck Ebele Jonathan and it was at Oloibiri in this state that crude oil was first discovered in commercial quantity ever in Nigeria.

This 2020, Bayelsa topples the likes of Oyo and Imo States to make the list of top 10 richest states in the country.

ANAMBRA STATE ($7.95 BILLION)

With a total GDP of $7.95 billion, Anambra state is the richest state in the south-eastern part of the country this 2020. It unsits Imo state which has long held that title and this may be due to the effects of the coronavirus pandemic that has affected the revenues of many states in the federation. Its capital city is Awka.

Anambra ranks sixth on the list of richest states in the country by GDP currently and while it is not a major oil producing state in the country, it has oil in commercial quantities. This state is home to majority of Nigeria’s top businessmen.

KANO STATE ($7.67 BILLION)

Kano state is the richest state in Northern Nigeria and the most industrialized state in the region. This state is the second most populated state in Nigeria behind Lagos.

The state is one of the most commercially inclined states in Nigeria. Kano state is a major agricultural producer in the country. Aside this, it is an industrial state and a leading commercial state in Nigeria.

Kano state has the largest Local Government Areas in Nigeria. It is home to the popular Old Kano city Wall and with a total GDP of $7.67 billion, it ranks as the seventh richest state in Nigeria currently.

ONDO STATE ($7.57 BILLION)

Ondo state is located in south-western part of Nigeria with Akure as its capital. The state is an oil producing state. It is the eighth richest state in Nigeria presently with a total GDP of $7.57 billion.

Apart from oil, it is also blessed with other mineral resources as well as cash crops like cocoa etc.

OGUN STATE ($7.25 BILLION)

Ogun state is the industrial base of Nigeria (Lagos is second). This state’s capital is Abeokuta and it is located in Southwestern Nigeria.

Abeokuta is home to Olumo Rock, a major rock in Nigeria as well as a great tourist destination. With a total GDP of $7.25 billion, Ogun State is the ninth richest state in Nigeria currently.

KADUNA STATE ($6.95 BILLION)

Kaduna state is the second state from the northern region that made it to our list as it is the centre of learning in Nigeria and also one of the most diverse states in terms of ethnic group composition.

It is also the home to the Nigerian Defence Academy, Nigerian College of Aviation Technology, Ahmadu Bello University, Nigerian Institute of Transport Technology, etc., and with a total GDP of $6.95 billion, it sits pretty as the tenth richest state in Nigeria currently.

The Author

Chizoba Ikenwa

Chizoba Ikenwa is a professional blogger and Journalist. He is the founder of Nigerian Infopedia and an Editor at Nigerian Guide.

6 Comments

Add a Comment
  1. Nice write up, well done but maybe more information about the states will help

  2. industrial improvement is what makes GDP increase rapidly, hence stakeholders of kano state should focus on it thereby becoming the first position of GDP rank list.

  3. Emmanuel Robinson

    I don’t totally agree with the position of Akwa Ibom in the list. Judging by the increase in their GDP lately.

  4. Lasisi Mutiu Olalekan

    Well accepted

  5. Rivers people will pass Lagos

  6. We’re is abia and imo

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