Top 10 Richest States in Nigeria 2024

In Nigeria, each state has different levels of wealth and growth, The classification of these states often depends on their natural resources like oil and gas, their role as a business hub, or the federal government allocations they receive. Most states are richer than others due to a combination of these factors.

Here are the top 10 richest states in Nigeria:

 Lagos State

Lagos State, with a GDP of $33.68 billion, is the richest in Nigeria. Its economy includes finance, trade, manufacturing, and services, making it a key area for business and economic activities. Lagos offers the highest standard of living in Nigeria, attracting both local and international businesses due to its strategic location and robust infrastructure.

 Rivers State

Rivers State, with its abundant oil and natural gas, has a GDP of $21.17 billion. Apart from oil, its economy benefits from agriculture, manufacturing, and service industries. The state receives significant financial allocations from the national government, which helps to enhance its infrastructure and public services.

Delta State

Delta State has a diverse economy with a GDP of $16.75 billion. It is not only rich in oil but also has other resources like limestone and industrial clay. Agriculture and tourism also play major roles in its economy, helping to create a robust economic environment.

 Oyo State

Oyo State’s economy is driven by agriculture, including the production of cashews, palm oil, and cocoa. With a GDP of $16.12 billion, the state uses initiatives to boost farming, which supports its economy and food security.

 Imo State

Imo State is known for its vast reserves of natural resources such as zinc and limestone, contributing to a GDP of $14.21 billion. The state’s economy also includes agriculture, with significant production of yam and cassava.

 Kano State

Kano State is a major commercial hub in northern Nigeria, with a GDP of $12.39 billion. Its economy is diverse, including trade, textiles, agriculture, and manufacturing, benefiting from its history as a trade route.

Edo State

Edo State, with a GDP of $11.89 billion, is celebrated for its cultural heritage and strong economy. It has a thriving oil and gas sector and is also investing in manufacturing and agriculture, which contribute to its economic growth.