TOP 10 RICHEST STATES IN NIGERIA 2023

Undoubtedly, Nigeria is regarded as a blessed country with over 36 enriched States scattered all over the nation.

Amongst these 36 States, there are certain ones among them that progress over the years and can be seen as successful.Richest states in nigeria

Furthermore, there are certain factors which are considered when calculating or measuring wealth amongst States, such factors include the number of business Enterprises, the productive capacity and the gross domestic product of the state.

We would be making a wide list of the top 10 wealthiest States in Nigeria with a detailed explanation added to them. If you have been seeking a candid review about the top 10 wealthiest States in your country, then you are About to be enlightened.

Sit back and expand your knowledge. (Information on this article could differ over the years)

TOP 10 RICHEST STATES IN NIGERIA

Below are the list of the top 10 richest States in Nigeria and their Gross domestic product.

Above are the top 10 richest States listed according to rankings. We are going to be looking into them as we progress.

Lagos State : $91 billion

Lagos State comes first on our list of top 10 richest States in Nigeria. Everybody in Nigeria should know this popular Lagos state not only for its rapid development, rather for its wealth creation.

Lagos is one of the popular States in Nigeria which is known to be situated in the South – Western part of Nigeria. It can be described as a congested city and yet, remains the smallest bounded two regions.

Lagos State was founded in 27th of May 1967,from the western region and the federal capital territory and it is known to be surrounded by water.

It is noted that Lagos state has been occupied by various individuals from various ethnic groups in Nigeria and outside Nigeria alongside varieties of tribes but is more dominated by the Yoruba ;

It is on record that Lagos state is noted as one of the relevant and pertinent areas in Nigeria as it houses financial activities and has been awarded as one of the largest economy in Africa ; the state possesses a Gross domestic product of $84 billion.

Lagos is known to house a lot of financial activities which includes banking activities, production and distribution, importation and shipping of resources. Furthermore, Lagos state tries to stand out in cultural entertainment as well as various festivals, sound educational system and transportation systems which gives them a great advantage over other states.

Notable Facts :

  • Population : 17,557,940 people
  • Rank : 1st of 36
  • Gross domestic product : 91 billion dollars
  • Per capita : $4,334

Rivers State $21.07 billion

Rivers State comes second on our list of to 10 richest States in Nigeria. Rivers State –with its capital city Port Harcourt is another popular state in Nigeria, known for hosting several activities and home to most of Nigeria oil and gas installation facilities.

River state is situated in the Niger Delta region of the southern Nigeria which was formerly known as the eastern region. Rivers State was formed in 1967 after it was separated from its former region.

Rivers State is known to top the list of one of the most populous States in Nigeria, making it the 6th as it can boast of 6 million citizens. The name Rivers is said to be coined due to the number of Rivers surrounding the state and it was known to be among the dominated territories.

Rivers State is known to house several ethnic groups/tribes in Nigeria as it is known to be among the diverse States in the country. Rivers State can be considered the second wealthiest state as it to be in possession of petroleum resources which stands as a great advantage to its economy.

Furthermore, rivers state could boast of energy which is one factor that equally propels Rivers State to top the list of richest States in Nigeria.

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The state equally participates in agricultural activities as well as other activities such as mining of natural resources. Undoubtedly, rivers state is a wealthy state with a booming economy.

Notable Facts.

  • Population : 5,198,717
  • Ranked : 6th on the list of countries in Nigeria.
  • Gross domestic product : $21.07 billion
  • Per – capita : $3,965

Akwa – Ibom

Akwa ibom comes 3rd on our list of top ten richest States in Nigeria. Akwa ibom is a popular state located in the south – South area of Nigeria. The state is bordered by 2 South – South States and one South East state and the Atlantic Ocean.

Akwa- Ibom was created in September 1987 as it was recorded as the 15th most populous state.

Akwa ibom has been dominated by series of ethnic groups & tribes as it can be regarded as a diverse state, however, the Anaans, orom and ibbibio people seems to dominate the state. Akwa ibom is said to be carved out from Cross – river in – 987.

Akwa ibom considered wealthy as it is no news that is has a booming economy as they tend to participate in highly productive activities such as the production of crude oil and natural gas and they are being seen as the top oil producing state in Nigeria.

Akwa ibom equally participates in agricultural activities. Moreover, Akwa ibom is said to have one of the biggest shopping malls in the country which contributes a lot to the state economy.

Notable Facts

  • Population : 5,450,758
  • Ranked : 30 of 36 States in Nigeria
  • Per – Capita : $2,779.

Delta State

Delta State comes 4th on our list of top 10 richest States in Nigeria. Delta State is situated in the south – South zone of Nigeria.

The Niger-delta state was created in August 1991 from the Now extinct Bendel state after the people

Of delta requested a separate distinct state. However, the then – present military government chose delta state and recognized Asaba as its capital.

It is known to be one of the largest state and quite populous state in the country as the state is divided into 2 sections. The state is now being dominated by several ethnic groups /tribes which includes the Isoko and Other notable tribes.

Delta State stands to be on the 4th richest States in Nigeria as it focuses on the population and distribution of crude oil as well as natural gas.

Moreover, the state equally specializes in agriculture as they can boast of agricultural produces such as yam and cassava. It also manufactures ceramics and alongside execution of quarrying activities. Delta State can be described as wealthy and hardworking.

Notable Facts

  • Population : 5,663,400
  • Ranked : 9th of the 36 States
  • Gross domestic product :

Oyo State $29.8 billion

Oyo States comes 5th on our list of top 10 richest States in Nigeria. Oyo State is a popular Yoruba state in Nigeria known for its wealth and cultural preservation.

Oyo State was founded in February 1976 as an inland state in the South – Western part of Nigeria. It is considered the 3rd most populous city in Nigeria and the 2nd most populous state in Africa.

Oyo State is known to be dominated by Yoruba people unlike other diverse States in Nigeria which are mixed with several tribes. The state was formed from the western States which includes other Yoruba States. It was recorded that Osun state was merged with Oyo State until it was split in 1991.

Oyo State is known for housing the first University in Nigeria in 1948. Oyo State is associated with wealth as they participate in several agricultural activities. Basically, agriculture is the source of Oyo State wealth as they dominate the cassava market and cocoa production.

Notwithstanding the fact that Oyo State is not diversified, lots of individuals from different tribes still reside in Oyo.

Notable Facts

  • Population : 5,580,895.
  • Gross domestic product : $29.8 billion
  • Per – capita : $2,666.

Ogun State

Ogun State comes 6th on our list of top 10 richest States in Nigeria. Ogun State is a South western State situated in the western part of Nigeria. The state is known to act as a border to Lagos and other western States such as Oyo, Osun and Ondo state.

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Ogun State was created in February 3,1976 out of the previous western States. Ogun State is known to be dominated by Yoruba who use Yoruba language as a medium of communication.

Ogun State is considered a wealthy state as it houses several notable industries in Nigeria such as the Dangote cement producing industry, Nestlé beverage producing industry and the Lafarge cement producing industry.

Ogun State can boast of natural resources such as Limestone and Gemstone. Ogun State is known to house lots of foreigners from other neighborhood States who wish to base in Ogun State.

Furthermore, Ogun State can be regarded as independent to an extent which is why investors are throwing in their resources to equally benefit from the state.

The listed States above can be considered the top 10 richest States in Nigeria presently. However, details could differ over the years.


Kaduna State $ 13.33 billion

Kaduna State comes 7th on our list of top 10 richest States in Nigeria. Kaduna State is a northern state which is situated in the northern part of Nigeria.

Founded in 1967,Kaduna is ranked as the 18th largest city in the country according to the 2006 census as it equally encompasses the modern Kastina state.

The name Kaduna is coined out of the word ‘’Kada ‘’ which means crocodile as it was recorded that the name of the state was chosen by the colonial master :Lord Luggard.

Kaduna State is ranked 15th largest state economy in Nigeria from 2002-2008 as it surprisingly contributed 3.3% to the Nigerian Gross domestic product.

Kaduna State engages in agricultural activities such as the production of cotton and cultivation of groundnut. Kaduna is regarded as one of the richest northern States in Nigeria and diverse states as other tribes are said to reside in the state.

Notable Facts

  • Population :6,113,503
  • Ranked : 3rd of 36th
  • Gross domestic product : $ 13.33 billion
  • Per capita : $1,666

Kano State $12.39 billion

Kano State comes 8th on our list of top 10 richest States in Nigeria. Kano State is popular amongst Nigerians as one of the booming northern Nigerian States.

Kano State is situated in the northern region of the country and is considered on of the most populous state in the country according to the recent census activity which was carried out in the country.

Kano State can be termed as a state which was formed out of various Kingdoms and empires which were put together to from Kano State, Nigeria. It is recorded that the major ethnic groups in the ancient Kano city which are known as the houses and fulanis as they are known to use the hausa Language as their major Language.

Kano is regarded as the richest northern Nigerian state and one of the richest States in Nigeria due to the diversity in their economy. Kano State participates in productive activities such as Islamic banking and agriculture.

Kano State equally engineers industries that specializes in the production of ceramics, households properties, beverages and groceries textiles.

Kano is known for their participation in the production of millet, cowpeas and sorghum. Indeed, Kano is a state that can boast of a growing a booming economy.

Notable Facts

  • Population : 15,076,892
  • Ranked : 2nd of 36 States in Nigeria.
  • Gross domestic product : $12.39
  • Per – capita : $1,288

Anambara State

Anambara State stands to be one of the richest States in Nigeria. Known for housing one of the popular and most visited market known as the onitsha market.

Anambara was created in August 1991 and acts as boundaries between Edo State and delta. Anambara economy booms as it participates in agricultural activities as well as innovation and inventions of products in high demand. Anambara State equally houses Several investors and business men.
Notable Facts

  • Gross domestic product : $11.83 billion
  • Per capita :$1,615

Edo State

Edo State comes 10th on our list of top 10 richest States in Nigeria. Edo State is a popular state situated in the southern region of Nigeria.

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Edo State was ranked as the 24th populated States in Nigeria. Created in 27th of August 1991, Edo State can be considered as diverse as it is dominated by series of tribes which includes the Edoids, Esan, Owan and Afemai people.

The Edo State stands as one of the wealthiest States in Nigeria as it possesses lots of mineral resources which is used in generating income in the state.

Mineral resources in Edo State include : Glass, iron ore, Limestone, Marble,, Oil / Gas and clay. Furthermore, Various tourist attractions are situated in Edo State alongside crude oil producing industries. Edo is truly blessed as it seems like they grow wealth like plants.

Notable Facts

  • Population : 3,233,366
  • Rank : 27th of 36
  • Per capita : $3,623.

Enugu State

Enugu state also stands out as one of the richest States in Nigeria. Created in August 1991, Enugu state tends to be a border to other notable States and forests.

Enugu state is highly dominated by the igbos and is known to house several businesses. The state equally houses the several institutions which includes the University of Nigeria.

Enugu state engages in agricultural activities which results to the exportation of agricultural produces such as yam rice and Palm – oil. Furthermore, Enugu is highly involved in coal mining as well as high electricity distribution.


Imo State $14.21 billion

Imo State comes on our list of top 10 richest States in Nigeria. Imo state can be considered as one of the most popular eastern States in Nigeria as well as the first eastern state to make our list.

Imo state is located in the South – East of Nigeria which is known to be close to the Imo river. Imo is known to be recorded as the third smallest in size but 14th most populous state in Nigeria.

Recently, Imo state is known to be dominated by Igbo ‘s, however, it is recorded that Imo houses more foreigners than any other eastern States. Moreover, it was recorded that Abia state was formed from Imo state. Imo is considered the wealthiest state in Nigeria as it specializes solely in agricultural activities for wealth creation.

Most especially, the extraction and distribution of Palm oil and cassava. Furthermore, Imo state participates in the production of natural gas and crude – oil. The state equally boasts of natural resources such as Calcium, Crude – oil and lead. In Conclusion, Imo state can be regarded as one of the top eastern states in Nigeria

Notable Facts

  • Population : 4,927,563
  • Rank : 13th of the 30th States.
  • Gross domestic product : $14.21 billion.

Which state is the richest in eastern Nigeria?

Anambra state is the richest eastern state in the eastern part of Nigeria as it operates series of industries alongside accommodating foreign investors.

Furthermore, Agricultural activities are not ignored in Anambra state as almost all vacant lands are utilized for farm work. Anambra state can be considered as the richest eastern state in Nigeria.

Which state is the best in Nigeria?

Lagos State is considered the best state in Nigeria by many citizens. It accommodates a lot of activities as well as business activities.

Moreover, Lagos state attracts lots of foreign investors which aim at developing the state. Lagos State tops all states in all aspects which is why it is considered the best state in Nigeria.

What are the top 5 richest States in Nigeria?

Lagos State $91 billion

Rivers State $21.07 billion

Ogun State

Delta State $16.75 billion

Akwa ibom state

Final Words

Nigeria is blessed with several rich States which makes the country’s Gross domestic product tops other African countries. However, most individuals doubt that due to the current state of the economy in Nigeria.

These states contributes a lot to the development of our country as well as the per capita income received. Notwithstanding the fact that Nigerian economy is experiencing some kind of fluctuations, Nigeria economy is regarded as one of the best in Africa.

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