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 $20,000 (in millions of USD), others have a GDP of less than $5,000. This post will discuss the list of top 10 richest states in Nigeria and their GDP. The richest state in Nigeria this 2020 is Lagos state.



Lagos State ($33,679 Million)

Lagos state is the richest state in Nigeria with Ikeja as it capital. This state is also the second most populated state in the country as well as the smallest state in the country in terms of land area.

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

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

Rivers State ($21,073 Million)

Rivers state is the second richest state in Nigeria, directly behind Lagos. It is located in the oil producing Niger Delta region and home to 2 Nigerian oil refineries.

The capital of the state Port Harcourt is where these refineries are located.

This state is the 6th most populous state in the country. Aside this state being an oil producer, farming and fishing are also practiced in the state.

Delta State ($16,749 Million)

Delta state just like River state is located in the South South Geopolitical zone of Nigeria. It is the 3rd richest and also the third oil producer in the country.

Delta is home to Warri, a town where one of nigeria’s oil refineries is located. The capital of the state is Asaba.

Aside being an oil producer, Delta state is also a producer of agricultural crops in Nigeria.

Oyo State ($16,121 Million)

Oyo state is a Yoruba state, located in the South western part of the country just as Lagos. This is the 4th richest state in the country. Agriculture is the main occupation of the people living in this area.

The cocoa house, the first skyscraper in Africa is located in this state and it is built from proceeds of Cocoa. Among other tourist attractions, Oyo state is home to NTA Ibadan, the first TV station in Nigeria, the old Oyo National Park, the Zoological garden and the famous old Oyo empire historical site. It is also home to the first university in Nigeria; University of Ibadan.

Imo State ($14,212 Million)

Imo state is the richest state in the south eastern part of the country and has the city of Owerri as its capital.

It ranks number 5 on the list of richest states in Nigeria.

This state is an oil producer. Aside being an oil producer, the state depends primarily on agriculture and trade.

Kano State ($12,393 Million)

Kano state is the richest state in Northern Nigeria and the most industrialized state in the region. This state is the most populous state in Nigeria according to the 2006 census.

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 home to the popular Old Kano city wall.

Edo State ($11,888 Million)

Edo state is located in Mid-Western Nigeria with Benin City as its capital. The state is an oil producing state.

Aside oil, it is also blessed with other mineral resources.

Akwa Ibom ($11,179 Million)

For those already wondering where Akwa Ibom is on the list, Akwa Ibom takes the 8th spot.

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

Ogun State ($10,470 Million)

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 popular tourist destination.

Kaduna State ($10,334 Million)

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 state in terms of ethnic group composition.

It is the home to the Nigerian Defence Academy, Nigerian College of Aviation Technology, Ahmadu Bello University, Nigerian Institute of Transport Technology, etc.

Wrapping Up

Conclusively, I want you to look at the list, what do you observe, what is the trend and what do you think about this list of richest states in Nigeria

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.


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

Leave a Reply

Your email address will not be published. Required fields are marked *