Richest States in Nigeria: Do you know that there are certain states in Nigeria that are very rich? These states have been able to put in place structures that bring a lot of money into the purse of the State Government.
Interestingly, for these states, based on their internally generated revenue (IGR), they barely depend on the federal government.
In this article, we will expose you to the top ten richest states in Nigeria. Are you ready? If you are, then let’s go.
Top 10 Richest States in Nigeria and their IGR
Below are the top richest states in Nigeria:
1. Lagos State
IGR: ₦399 Billion
This is one of the top richest states in Nigeria. While the state is the smallest in the country in terms of size, note. It has a reputation for being one of the most populated. As of 2020, there were about 14.3 million people in Lagos State.
Interestingly, the State Government has put in place systems to utilize this reality. And the state has been at the forefront in several aspects for some time now.
The southwestern state is a prominent economic hub in the country. And it is an abode to tons of manufacturing, technological, and banking firms.
2. Rivers State
IGR: ₦140 Billion
This is another very rich state in Nigeria. And it is one of the top richest states in Nigeria. Located in the south-south region of the country, River State has around 5.2 million people.
Also, it contains crude oil deposits and natural gas. And has a reputation for being the major crude oil contributor in the country. This makes the state an important one as far as the Nigerian economy is concerned.
Additionally, there are tons of oil and gas companies that are majorly cited in River State. And there are opportunities present in the state that cannot be easily found elsewhere. As such, a lot of people keep making the state their destination in their quest for greener pastures.
3. Ogun State
IGR: ₦71 Billion
Ogun State is one of the richest states in Nigeria. It has a population of around 7.1 million people. This southwestern state is blessed with abundant natural resources. Ogun State is regarded as the largest producer of cement in the country.
Also, it has crude oil that is present in commercial quantities. When you look at the state, one thing that is easily noticed is that it is home to plenty of manufacturing companies.
Thus, some areas in the state are faring better than the many Nigerian States in terms of important things like electricity.
4. Delta State
IGR: ₦65 Billion
This state is the third-largest producer of oil in Nigeria. And it is one of the richest States in Nigeria. There are around 4.1 million people living in the state. The state is situated in the southern part of Nigeria.
Interestingly, when it comes to natural resources, Delta State is also pretty rich. And it is filled with large deposits of natural gas and crude oil.
Delta State contains 25 local government areas. It is not just an oil-producing state, but also an agricultural-producing one.
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5. Kaduna State
IGR: ₦44 Billion
Kaduna State is another rich State in Nigeria. It is located in the Northern part of the country. And it is the 4th largest State in Nigeria. Also, it has the largest surface area.
Kaduna State has 23 local government areas. And it is filled with some 8.2 million people. The state makes up about 3.3% of the country’s GDP. It is also one of the top richest states in Nigeria.
Amazingly, it is the richest state in the Northern part of the country. And it is known for its production of cotton and groundnut (which it also exports). Also, it is the major industrial and financial centre for northern states in Nigeria.
6. Kano State
IGR: ₦40 billion
This is one of the top richest states in Nigeria. Kano is not just among the richest Northern States in Nigeria but it is one of the richest in the entire country. Kano State is one of the most populated in Nigeria,
It has a population of around 13 million people living there. Lots of skins and hides are being exported from Kano State. And the place is known as one of the major commercial hubs in the North. Her economy depends on retail and trade majorly.
7. Akwa Ibom State
IGR: ₦32 Billion
Akwa Ibom is another rich State in Nigeria. It has a reputation for being the highest producer of oil and gas in the country. No wonder it is one of the richest states in Nigeria. Also, the state has a population of around 5 million people. And it earns a lot from tourism.
However, apart from oil and tourism, Akwa Ibom also utilizes fishing and farming for its economic development.
8. Enugu State
IGR: ₦31 Billion
Enugu State is also one of the richest states in Nigeria. The state is one of the biggest commercial cities in Africa as a whole. And it has a population that is around 4.4 million people. Enugu is also synonymous with coal, as this was where coal was first discovered.
9. Kwara State
IGR: ₦31 Billion
Sitting in the North Central part of Nigeria, Kwara State is another rich State (to an extent) in the country. There are around 3.1 million people in the State.
Kwara State also has several mineral resources and deposits like tantalite, gold, cocoa, etc. This is one of the top richest states in Nigeria.
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10. Ondo State
IGR: ₦30 Billion
This is one of the top richest states in Nigeria. Ondo State is a southwestern state. It has a population that is around 5 million.
Also, it consists of 18 Local Government Areas. And its major source of income is agriculture.
In a nutshell, as noted earlier, some of these states can almost survive without allocation from the government. And this is something many others cannot do.
Hopefully, Nigeria will move to a stage where the states do not need to wait for the Federal Government before having a reasonable amount of resources in their pocket.
We believe you learnt something. Please feel to drop your comments or opinions concerning this page. Also, do not hesitate to share this information with your friends.
