The richest state in nigeria 2025 by gdp. This article will introduce you to them.
The richest state in nigeria 2025 by gdp Lagos Apr 18, 2024 · For the record, Yobe is Nigeria’s poorest state by GDP, followed by Kwara and Enugu. The oil industry significantly boosts this economy, contributing 10% to the GDP and 90% to export earnings. The highest any oil producing state in Nigeria can boast of. Sep 2, 2024 · The richest states in Nigeria are the main drivers of the nation's wealth. Akwa Sep 23, 2024 · Lagos State is the economic powerhouse of Nigeria. 2025 Nigeria Budget and Economic Outlook January 2025 | 5 Source: NBS, NUPRC, OPEC, CBN, FMDQ, NGX, Rate Cap, PwC Analysis ₦ GDP Growth Rate 3. Imo State stands out for its diverse economy and thriving agriculture, commerce, and manufacturing sectors. 27 billion) Rivers State is known for its oil and gas industry. Maharashtra: The Economic Powerhouse. [21] Although oil revenues contributed 2/3 of state revenues, [32] oil only contributes about 9% to the GDP. 68 billion. Which Igbo state is the richest in Nigeria? Delta States is regarded as one of the richest states in Igbo land. Nov 21, 2024 · 4. 61 billion, capital expenditures of N333. 46 Trillion. Jan 9, 2023 · As per economic standards, Osun coming as the fourteenth richest state in Nigeria has a per capita level of $2, 076 together with an overall GDP of $7. Imo Ranked by GDP in current USD, Nigeria comes out as the richest country in Africa during the year 2021. Aug 31, 2021 · In Nigeria today, Lagos State is currently the richest Nigerian State, the state has been leading as the wealthiest state in Nigeria for years now. Top 10 richest states in Nigeria [BantuPage] (GDP). 34 billion and Aug 8, 2024 · Find out which states are the wealthiest in the USA, based on GDP data from 2024. 5 2 Port Harcourt, Rivers 9. 1. Akwa Ibom State ($19. 54% Period YoY% Q3 2024* 16. 63%. 88 billion: Enugu: As the richest states in Nigeria, these top Mar 15, 2025 · In a recent list of IGR of states in Nigeria, Edo income revenue was put at ₦19,117,468,369. South Africa maintains its position as the continent’s largest economy with a GDP of approximately $376 billion, followed closely by Egypt at $343 billion. As of 2025, Mar 31, 2025 · 1. 05 Billion GDP: Nigeria, with its vibrant cultural legacy, diverse ethnicities, natural beauty, and vast population, remains Africa’s wealthiest country and the continent’s top producer in terms of GDP output. The state became an oil-producing state in 2012 due to the efforts of Governor Peter Obi and other Orient Petroleum players, certifying it as one of the richest states in Nigeria. 393 billion. Feb 26, 2025 · Nigeria, Africa’s largest economy, is home to several states with thriving industries, strong commercial activities, and vast natural resources. GDP growth turned positive in 2017 as oil Mar 19, 2025 · Lagos is Nigeria’s wealthiest and most industrialized state, hosting major corporations, financial institutions, and Africa’s largest seaport. Nigeria: 1,489. 2. The richest May 24, 2024 · Date: Wednesday, 26 February 2025 at 05:27 PM. Aug 7, 2023 · The top 10 richest states in Nigeria in 2023, according to their gross domestic product (GDP) are wealthy due to similar reasons. 88 billion and a per capita of $3. Oct 9, 2023 · The following table shows the top 10 richest local government areas (LGAs) in Nigeria in terms of gross domestic product (GDP) for 2023: Rank LGA State GDP (USD billion) 1 Lagos Island, Lagos 10. Nairaland Forum / Nairaland / General / Politics / FULL LIST: Nigerian States By GDP (5851 Views) Nigeria's Richest States ranked By GDP (See List) / FULL LIST: Nigerian Legislators In 6th ECOWAS Parliament / Only 10 Nigerian States Economically Viable, 17 Bankrupt [see Details] Aug 12, 2023 · In this post, we will be looking at some of the most richest states in Nigeria by GDP. Dec 18, 2020 · 1. Projections for 2030 are made by applying IMF growth rates for 2025 and 2026, with the 5-Year Compound Annual Growth Rate (CAGR) applied thereafter to extrapolate the data May 23, 2024 · Date: Sunday, 16 March 2025 at 10:12 PM. May 24, 2024 · RelatedPosts 2025 Guber: I’ll change Anambra Political Narratives – Moghalu Vows Empower Engineers for National Devt – Anambra Commissioner Tells Federal, State Govts Eid-El-Fitr: Ozigbo Congratulates Muslims, Urges Them to Imbibe Muhammad Teachings Nigeria, is one of the continent’s wealthiest nations, thanks to its abundant natural resources like coal, tin, and iron ore. Kaduna State is the richest state in the Northern part of the country and is known for its production of cotton and groundnut (which it also exports). Lagos State Lagos State, located in the southwestern part of Nigeria, is widely recognized as the richest state in the country in terms of GDP. Date: Sunday, 23 March 2025 at 04:16 PM. May 23, 2024 · The richest states in Nigeria are the main drivers of this wealth, significantly contributing to sectors such as tourism, cultural heritage, education, and intellectualism. It is a major hub for petroleum production. 7% of the world's oil supply. Lagos State Lagos State is Nigeria's economic powerhouse, boasting a GDP of approximately ₦41. 77 trillion. 3 million as at 2020 the and it is divided into 37 local government areas, with a landmass of 3,577km. Jul 22, 2023 · Nigeria's Richest States ranked By GDP (See List) / 10 Richest States In Nigeria Based On Internally Generated Revenues / 10 Richest States In Nigeria In 2019 (by IGR) (1) (2) ( Reply ) ( Go Down ) Richest States From First To Last In Nigeria Out Of The 36 States by GreatBoss : 8:31am On Jul 22 , 2023 As of the most recent data, the 10 richest states in Nigeria are generally ranked based on their Gross Domestic Product (GDP), natural resources, and economi This is a list of the African nations ranked by Gross Domestic Product (GDP) at Purchasing Power Parity (PPP). 3 5 Eket, Akwa Ibom 6. Lagos City, the state’s urban area, is Nigeria’s largest and serves as the economic nerve center. Their economic strength is closely followed by Alaska, a state rich in natural resources, boasting a GDP per capita of $86,793. 89 billion Per capita: $3623 5. These states have fallen under the poorest in Nigeria due to their low GDP, and they include; Jigawa State: located in the North-Western region of Nigeria, its capital is Dutse. 5 4 Abuja Municipal, FCT 7. Suffice to say that Edo is also an oil producing state with a GDP of $11. 8 billion, its prosperity is primarily attributed to its rich oil and gas reserves, making it a cornerstone of Nigeria’s energy industry. Imo State — GDP: ₦7. Lagos State. Apr 3, 2025 · 10 Poorest States in Nigeria (2025) By Richard Okoroafor; Updated April 3, 2025; Read Time 6 mins; Read: Richest States in Nigeria by GDP. May 7, 2024 · In terms of consumption of goods and services, total investment, net exports, and government spending, the 36 states in Nigeria are not equal. 27 billion), Rivers State is pivotal to Nigeria's oil and gas industry. While we have outlined the top 10 richest states in Nigeria, we shall also look at the poorest states in Nigeria. GSDP is the sum of all value added by industries within each state or union territory and serves as a counterpart to the national gross domestic product (GDP). 2 billion, Nigeria is the richest country in Africa due to its human potential, abundance of natural resources, and its GDP in purchasing power parity of $1. 28 billion. The slogan of Rivers state is the Treasure Base of the Nation and this name is quite apt as the state is known for its crude oil deposits and this has led to the Nigerian States by Estimated GDP, 2021 Nigerian States by GDP, 2010 The following table presents a listing of Nigeria 's 36 states ranked in order of their estimated total GDP in 2021 according to a 2022 report by BudgIT . Dec 8, 2023 · With a GDP estimated at $477 billion in 2022, Nigeria is at the top of the ranking of the richest African countries, ahead of Egypt and South Africa. Top 10 richest states in Nigeria major producers of this wealth in Nigeria are its wealthiest states, which provide substantial contributions to industries like Feb 27, 2025 · Nigeria, the West African country of about 235 million people, is rich in natural resources and cultural diversity. 07 billion Per capita :$3965 3. Feb 5, 2024 · Securing second place among the richest States in Nigeria is Rivers State, located within Nigeria’s southern Niger Delta region. With a GDP totaling $150 billion and per capita of $4,333, Lagos state occupies the position as the fifth largest economic centre in Africa at the moment. It is predominantly May 25, 2024 · According to a 2022 report by BudgIT, here are the top 10 richest states in Nigeria ranked by GDP. 8 3 Ikoyi-Obalende, Lagos 7. 2025: Top 10 Feb 24, 2025 · Lagos State is Nigeria’s richest state with a GDP of $33. Nigeria is the most populous country in Africa, with 211 million residents—nearly twice the population of Egypt—contributing to its GDP. 17 trillion (approximately $102 billion), Lagos State is the economic powerhouse of Nigeria. Mar 23, 2025 · Located in the South-south region of the country, Rivers is one of the oil producing states in Nigeria with many top oil and gas companies operating there. Nigeria's Richest States ranked By GDP (See List) - Politics (9) - Nairaland. Below are Nigeria's top 10 richest states, based on their Gross Domestic Product (GDP). California continues to reign as one of the richest states in America, and for good reason. states and the District of Columbia and their nominal GDP at current prices. Nov 29, 2024 · The state’s stock exchanges, hedge funds, and real estate market bring in massive revenue, fueling the state’s wealth year after year. Rivers State – Oil & Gas Hub. Given that it has a gross domestic product (GDP) of around ₦41. Oct 29, 2024 · These industries, along with the state’s favorable location, give Rivers a strong and diverse economy. The richest states in Nigeria are the main drivers of this wealth, significantly contributing to sectors such as tourism, cultural heritage, education, and intellectualism. 1 Trillion Jun 1, 2024 · 1. The data source for the list is the Bureau of Economic Analysis (BEA) in 2024. 19 billion. It has a GDP of about ₦41. This article will introduce you to them. Nov 24, 2024 · Connecticut, with a GDP per capita of $88,686, is home to many insurance corporate headquarters. May 24, 2024 · Date: Tuesday, 25 February 2025 at 10:27 AM. TOP 10 RICHEST LOCAL GOVERNMENT AREAS (LGA) IN NIGERIA (2025) Below are Nigeria’s top 10 richest local government areas this 2025. 3 Trillion. Ideally, based on Internally Generated Revenue (IGR) without doubt, as at April 2025 Lagos is richest state in Nigeria, but when based on availability of mineral resources like Crude oil, bitumen and the likes, Delta state, Rivers and Bayelsa states will be considered the Richest states in Nigeria since they are listed among the top 10 oil Feb 26, 2025 · Top 10 richest states in Nigeria (2025) 26 February 2025 at 9:48. Nigeria's debt-to-GDP ratio was 36. Manufacturing: This sector was responsible for 17. Sep 7, 2021 · Date: Friday, 21 March 2025 at 10:24 AM. 9% of Ohio’s Gross Domestic Jan 6, 2025 · As we navigate through 2025, several countries have emerged as economic leaders on the continent. 86 trillion. This state is not only the most populous state, with around 24 million people, but also the financial hub of Nigeria. Its thriving entertainment and technology sectors further contribute to its economic dominance. 🇪🇬Egypt: $2. SOURCE Jan 28, 2025 · As of 2025, the United States and China will occupy the first two places in both methods' GDP rankings. The state is a major contributor to Nigeria’s economy, thanks mainly to its role in the oil and gas industry. However, the richest states in Nigeria contribute significantly to the nation’s overall wealth. Mar 11, 2025 · Internally Generated Revenue (2025) Per Capita Income GDP; Edo: ₦19,117,468,369.
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