Richest States in Nigeria and How Much They Generate to the Nigerian Economy


Nigeria is an independent country with 36 states blessed with numerous natural resources. Even though crude oil has been the main source of the country riches, there are some of these wealthy states that produce them.

1. Lagos State


Lagos stands first as the current richest state in the country based on internally generated revenue (IGR) of about N268 billion. The highest any oil producing state in Nigeria can boast of.

With a GDP totaling $33.6 billion and per capita of $4,333,

2. Rivers State


Generating an IGR of over N80 billion in 2016 as seen in a report. According to Wikipedia, the source of wealth of rivers state is crude oil and natural gas. In fact, over 50% of crude oil produced in Nigeria comes from this wealthy state.

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3. Delta State

 is also another wealthy oil producing state that accounts for Nigeria’s sustainability on crude oil. With an internally generated revenue of N40.8 billion.According to the IGR report, the GDP of Delta state stands at $16.75 billion with a per capita of $3,990.


4. Ogun state

Ogun state is also one of the richest states based on IGR. You might be surprised but it would shock you to know that the state generated an estimated N34.59 billion in 2016 with a current GDP of $10.47 billion plus a per capita of $2,744.

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5. Edo state

Edo state is also ranked the fifth richest state in Nigeria in terms of IGR. It generated up to N19.11 billion in 2016 with a GDP of $11.88 billion and per capita of $3.623. The source of wealth of this state is tourism.


6. Enugu state

Enugu is the among the richest Igbo states in Nigeria currently. It generated about N18 billion as seen in the IGR report.

The GDP of Enugu state is $4.3 billion currently.


7. Oyo state

In terms of internally generated revenue, Oyo state boast of generating N16.6 billion in 2016 with a GDP of $16.12 billion and a per capita of $2,666.


8. Anambra state

Anambra state houses most of the richest Igbo people in the country. These men are billionaires, millionaires and have been dully ranked by Forbes.

Anambra state generated N14.79 billion in 2016 making it the 8th richest state in the country in terms of IGR.

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9. Akwa Ibom state

Akwa Ibom State is another wealthy state in the country. It is also listed among the oil producing states located in the southern part of Nigeria. It generated N14.79 billion as IGR in 2016 with a GDP of $11.17 billion and per capita of $2,779.


10. Kano State

This is the only North western state in Nigeria that is ranked as the 10th richest state in the country.

With a population of over 13 million citizens, Kano state generated N13.6 billion as IGR with a GDP of $12.39 billion and a per capita of $1,288.


Kaduna State 

With a GDP of $10,334

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.


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