CHECK OUT Top 5 Richest State In Nigeria

With such a wealth of natural resources and human capital, Nigeria ought to be among the world’s leading superpowers. We are well aware of the mismanagement-caused leadership crises the country is currently facing. However, Nigeria still has some relatively prosperous states that can get by with little to no help from the federal government...READ THE FULL STORY HERE▶

Listed below are the top five states in Nigeria by GDP, according to Wikipedia.

5. Kano State.

More people are living in Kano State than in any other state in Nigeria. In 2021, the state’s population was estimated to be around 13.9 million people.

Now, the state is a major commercial hub in northern Nigeria, producing a wide variety of cotton, leather, and textile goods. During the year 2020, the state’s economy generated $13.6 billion in DGPor $978 per resident.

4. Oyo State

Oyo state can be found in the southwestern part of Nigeria. Its vast agricultural production and cultivable land have made it famous.

This has generated revenue for the state. In 2018, the state’s GDP was around $14.3 billion, and its per-capita income was around $2,452. Millet, rice, cashews, cocoa, and other cash crops are widely grown in the state. They are neighbors, and Lagos State’s growth is partly due to its proximity. As of the year 2020, the population will have surpassed 6 million people.

3. Delta State

In addition to being an important oil producer, the state has built a strong reputation in the business and manufacturing sectors. Although Asaba (the state capital) is where most major policy decisions are made, Warri (the state’s largest city) is where most of the state’s commercial and industrial action takes place.

The state’s gross domestic product grew as a result of economic growth, going from N2.961 trillion in 2019 to N4.471 trillion in 2022.

4. Rivers State.

The state of Rivers is one of Nigeria’s most prosperous and important oil producers. Among the world’s nations, it ranks fifth in population size with more than 7.8 million people calling it home as of 2018. It contributes to the country’s GDP through the oil and gas, telecommunications, and manufacturing sectors. In 2018, its GDP was over $18.7 billion, and its per-capital income was over $2,396.

The state of Rivers contributes nearly a third of Nigeria’s GDP, national income, and foreign exchange.

1. Lagos State

Despite being the smallest state in the country, Lagos State has the highest population. The southwest state’s population is projected to reach 15.3 million by the end of 2022, up from 14.8 million in 2021. As a result of this exponential growth, the population is expected to reach about 24.4 million in 2035.

The state’s position as the nation’s commercial nerve center is another plus. Because of this, it has the most robust economy of any state in the country and is among the most prosperous in all of Africa. It accounts for over 80% of total exports and over 50% of port revenues in Nigeria.