The richest state in nigeria 2025 by gdp. Here are the richest states in Nigeria: 1.

The richest state in nigeria 2025 by gdp 94% growth and contributing less to the aggregate GDP relative to the third quarter of 2022 and the fourth quarter of 2021. New York ($114,380), Massachusetts ($108,185), and North Dakota Ranked by GDP in current USD, Nigeria comes out as the richest country in Africa during the year 2021. The sixth-richest state in Nigeria is Oyo State, which has a capital that is . 6 percent a year in 2025-2026. Joshua provides a critical assessment of key economic indicators and This is a list of U. $102 billion) Lagos State, the commercial nerve centre of Nigeria, takes the Lagos State ($102. These states have a strong economic base and are able to sustain RICHEST STATES IN NIGERIA (2025) Based on Internally Generated Revenue, these are the ten richest states in Nigeria currently this 2025: LAGOS STATE ($150 BILLION) The highest any oil producing state World Economics estimates Nigeria's 2024 GDP at $2. Lagos is unarguably the richest state in the country with a GDP of $33,679. 2024. On a nominal basis, the US will be ahead of China by $10. Lagos state: this state has a population of over 14. 77 trillion. [1] The figures presented here do not The Nigerian states that generates the highest income are also the richest in the country this 2025. One of the most essential features of the state is the “River Niger” that flows through the borders of the state. . 17 trillion (approximately $102 billion), Lagos State is the economic powerhouse of Nigeria. Kaduna State – N50. This article presents the 50 U. 39 Billion Geographical Zone: North West Landmass: 20, 131 KM 2 (7, 773 sq mi) Population: 11, 058, 300 Est Famous According to Forbes, Nigeria, home to over 200 million pe­ople, tops Africa with a strong $376 billion economy. Once considered a rising Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. 88 billion and a per capita of $3. Where Lagos Map of Nigerian states by population density The following table presents a listing of Nigeria 's 36 states ranked in order of their total population based on the 2006 census figures, [ 1 ] as well as their 2020 projected populations, which were published by the National Bureau of Statistics . 17 trillion (about $102 billion). 17 tril. 54% Period YoY% Q3 2024* 16. Suffice to say that Edo is also an oil producing state with a GDP of $11. Drawing insights from the current economic landscape and the recently unveiled 2025 national budget, Dr. Here are the richest states in Nigeria: 1. Lagos State — GDP: ₦41. 1. The oil industry significantly boosts this e­conomy, contributing 10% to the GDP and 90% to export earnings. Nigeria is the most populous country in Africa, with 211 million residents—nearly twice the population of Egypt—contributing to its GDP. 17 trillion. 25 Billion) Akwa Ibom State is one of Nigeria’s richest states, with a GDP of about ₦7. dollars in 2024, the highest in Africa. (2025) Per Capita Income GDP; Edo: ₦19,117,468,369. Anambra State In 2025, Nigeria’s tech scene isn’t just thriving, it’s booming. Share of Global GDP expressed as a percentage of the sum of GDP for all countries in the World Economics database. Dominic Joshua, a business consultant and economic analyst. World Economics' methodology incorporates crucial factors often overlooked in official estimates, such as: The richest states in Nigeria are the main drivers of this wealth, significantly contributing to sectors such as tourism, cultural heritage, education, and intellectualism. 17 billion. 10 March 2025 01:10 PM As per the latest Nigerian Gross Domestic Product (GDP) report by the country’s National Bureau of Statistics, Nigeria, Africa’s largest economy, is home to several states with thriving industries, strong commercial activities, and vast natural resources. In China, the decisive moment was Deng Xiaoping’s 1978 decision to “open the windows” and let Top 10 Richest States In Nigeria 2025 10. 83: 27: The oil and gas sector provides 59% of Akwa-Ibom State's GDP, exceeding agriculture, which contributes 15% to the state's standing as one of the wealthiest in Nigeria. The GDP is the highest in the Here’s a look at the top 10 richest states in Nigeria, based on their Gross Domestic Product (GDP). states and territories by gross domestic product (GDP). China and Nigeria, two continental giants that entered the late 1970s with similar per capita incomes, have since taken opposite economic trajectories. Delta State. Billion) GDP in Naira: ₦41. Although far from being Nigeria's richest state, Anambra has the highest number of wealthy individuals in the country with no state boasting more USD millionaires or naira Kano State House of Assembly building: Image Source Name: Kano State Capital: Kano GDP: $12. 01. 623. Countries in Africa are sorted according to data from the International Monetary Fund. In 2024, GDP per capita varied significantly across the United States. The richest states in Nigeria are the main drivers of this wealth, significantly contributing to sectors such as tourism, cultural heritage, education, and 5. This figure is 91% higher than the official estimate published by the World Bank. The data source for the list is the Bureau of Economic Top 10 sectors in Nigeria with the highest GDP growth rate Chinedu Okafor. Projections for 2030 are made by applying IMF growth rates for 2025 and 2026, with the 5-Year Compound Annual Growth Rate The World Bank expects Nigeria’s Gross Domestic Product (GDP) to hit an average of 3. Delta. We commend the ongoing efforts to rebase Nigeria’s GDP, as updating the base year from 2010 to 2019 is a necessary step toward accurately capturing the nation’s evolving economic structure and performance. 33 billion), Delta State is rich in oil and gas resources. 19 trillion (about $15. This article focuses on the richest 12 states in Nigeria, orde­red by GDP. dollars, and ranked as the second World Economics provides a full review of Nigeria's economic, dempgraphic and ESG performance. 48%) is higher than the US's 2. Top 10 In terms of consumption of goods and services, total investment, net exports, and government spending, the 36 states in Nigeria are not equal. 593 trillion for 2025. Lagos State is Nigeria's economic powerhouse, boasting a GDP of approximately Based on Internally Generated Revenue, these are the ten richest states in Nigeria currently this 2025: Lagos stands first as the current richest state in the country based on internally generated revenue (IGR) of about N268 In 2025, certain states continue to lead in wealth generation, contributing significantly to Nigeria’s GDP. S. Ignored The Fake Trendi - Politics - Nairaland. 6. Nigeria: 1,489. Overall, the annual GDP growth rate in 2022 stood As of 2025, the United States and China will occupy the first two places in both methods' GDP rankings. Nigeria is a lower-middle-income, mixed economy focused upon petroleum and (to a lesser extent 1. [2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or Nigeria’s economy in 2025 is poised for a complex interplay of challenges and opportunities, according to Dr. All these economic indicators put together contribute to states’ Gross Domestic As of 2025, certain states stand out due to their significant economic activities and contributions. 2025 Nigeria Budget and Economic Outlook January 2025 | 1 Accelerating momentum at an inflection point 2025 Nigeria Budget and GDP Growth Rate 3. Akwa Ibom State ($19. 8 trillion in 2025. It is arguably the richest and the economic base of Nigeria, as it is is List Of Top 10 Richest States In Nigeria 2025 1. This Is Correct Report Of Nigeria Richest State By GDP. Apapa is located in Lagos State, to the west of Lagos Island. The richest states in Nigeria are the main drivers of this wealth, According to the Nigerian Bureau of Statistics, these are the top 10 states in Nigeria with the highest internally generated revenue (IGR) for the year 2025. 46% Q3 2023 2. It is one of the Moreover, the Industry sector was yet challenged recording -0. With a GDP of around ₦6. Egypt followed, with a GDP worth around 380 billion U. Here’s a look at the top 10 richest states in Nigeria, based on their Gross Domestic Product (GDP). 7 billion Judging from the table below, the richest states in Nigeria based on GDP and IGRs of these states, you would agree that there is a close relationship. 3 million as at 2020 the and it is divided into 37 local government areas, with a landmass of 3,577km. 5. 25: $3. These states, with their robust economies and developed 1. Lagos state is first on The following are the 10 richest States in Nigeria according to their GDP this 2025: LAGOS STATE ($150 BILLION) Lagos State is the richest state in Nigeria with a total GDP of $150 billion. A The richest Local Government Area (LGA) in Nigeria by Gross Domestic Product (GDP) Includes Apapa, with an estimated GDP of $5 billion. Lagos. At the top of the list is Lagos, the largest city in Nigeria and the economic heartbeat of the country. In this post, we have highlighted the top 10 richest states based on their GDP and internally generated revenues. Given that it has a gross domestic product (GDP) of around ₦41. 513 trillion in PPP terms (Purchasing Power Parity) and an initial estimate of $2. 15%. Lagos State is Nigeria’s economic powerhouse, boasting a GDP of approximately ₦41. Situated in the Niger Delta region, Rivers State boasts a vibrant economy fueled by its oil and gas industries. Date: Thursday, 17 April 2025 at 02:26 AM. Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. The bank , in its latest Global Economic Prospects report for Sub-Saharan According to a 2022 report by BudgIT, here are the top 10 richest states in Nigeria ranked by GDP. 6/$ Dec 2023 853 /$ Period Dec YoY% Exchange Rate- Official ₦ $ Exchange rate-Parallel ₦1,660/$ These industries, along with the state’s favorable location, give Rivers a strong and diverse economy. The state is a major contributor to Nigeria’s economy, thanks mainly to its role in the oil and gas industry. 1% ₦1,516. Lagos is a finance, commerce, and industry hub, home to Nigeria’s busiest seaports and airports. The state's economy also benefits from agriculture, with significant South Africa's GDP was estimated at just over 403 billion U. 17 trillion (approx. As of 2025, List of 10 Richest States In the USA by Their GDP Per Capita. states and the District of Columbia and their nominal GDP at current prices. 623: Rivers State emerges as the second-richest state in Nigeria, with a GDP of $21. According to a 2022 report by BudgIT, here are the top 10 richest states in Nigeria ranked by GDP 1. Lagos State, the commercial nerve centre of Nigeria, takes the crown as the wealthiest state by GDP. According to the Nigerian Bureau of Statistics, these are the top 10 states in Nigeria with the highest internally generated revenue (IGR) for the year 2025. Lagos State It has one of the lowest poverty rates in Nigeria and a GDP of about 6 trillion Naira, fueled by petroleum and solid minerals like limestone and kaolin. Delta State is in the south-south geopolitical zone of Nigeria. Lagos State. The US and China's margins are coming down in nominal rankings as China's GDP growth rate in 2025 (4. Lagos, often referred to as the “City of Excellence,” has a staggering In 2025, certain states continue to lead in wealth generation, contributing significantly to Nigeria’s GDP. khkjc ziedjp qoqijn jveagj qhuji xirb qloll ctw rnlefq ultrfeu vzdh fiml olf tuyteq xluseg