The richest state in nigeria 2025 by gdp. Nigeria – $514.
The richest state in nigeria 2025 by gdp Below are Nigeria’s top 10 richest states, based on their Gross Domestic Product (GDP). Sep 3, 2024 · Nigeria has many natural resources in abundance, and each state has been able to generate income for development and economic growth through these resources. S. Mar 29, 2025 · Richest States in Nigeria by GDP (2025) By Editorial staff; Updated November 29, 2024; Read Time 1 mins; Nigeria has the largest economy in Africa by Gross domestic Mar 27, 2025 · Rivers State is the third richest State in Nigeria this 2025, behind only Lagos and Akwa Ibom States, with a total GDP of $13. The oil industry significantly boosts this economy, contributing 10% to the GDP and 90% to export earnings. Lagos City, the state’s urban area, is Nigeria’s largest and serves as the economic nerve center. 63% in 2021 according to the IMF. Although the petroleum sector is important, as Nigeria's government revenues still heavily rely on this sector . 93 trillion recorded in 2022. 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. Feb 14, 2025 · Lagos stands first as the current richest state in the country based on internally generated revenue (IGR) of about N268 billion. 19 trillion. The richest May 24, 2024 · Date: Wednesday, 26 February 2025 at 05:27 PM. The state has a diverse economy, with major industries such as technology, entertainment, agriculture, and manufacturing contributing to its wealth. The bank , in its latest Global Economic Prospects report for Sub-Saharan May 3, 2024 · FULL LIST: Nigerian States By GDP - Politics (4) - Nairaland. 2025 Nigeria Budget and Economic Outlook January 2025 | 5 Source: NBS, NUPRC, OPEC, CBN, FMDQ, NGX, Rate Cap, PwC Analysis ₦ GDP Growth Rate 3. 61 billion, capital expenditures of N333. The richest states in Nigeria are the main drivers of this wealth, significantly contributing to sectors such as tourism, cultural heritage, education, and intellectualism. Sep 7, 2021 · Date: Friday, 21 March 2025 at 10:24 AM. 25: $3. It boasts of a massive GDP of approximately $33. [1] As of 2011 [update] , the Government accounted for about 21% of the GDP followed by agriculture with 21% and corporate sector at 12%. 8 3 Ikoyi-Obalende, Lagos 7. As of 2025, Mar 31, 2025 · 1. 2% ₦ $ Market Jul 7, 2013 · These are the seven richest states in Nigeria by per capita according to wikipedia (check out each state in wikipedia) 1. Seychelles. Lagos State, the commercial nerve centre of Nigeria, takes the crown as the wealthiest state by GDP. 52 billion 2025 Budget, which came into force on January 01, 2025, consisted of recurrent expenditures of N202. TOP 10 RICHEST LOCAL GOVERNMENT AREAS (LGA) IN NIGERIA (2025) Below are Nigeria’s top 10 richest local government areas this 2025. 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. Edo State. Nigeria is Sub Saharan Africa’s largest economy and relies heavily on oil as its main source of foreign exchange earnings and government revenues. Which Igbo state is the richest in Nigeria? Delta States is regarded as one of the richest states in Igbo land. With a GDP of around ₦7. $19. 68 billion. Here’s a snapshot of the top 10 richest states in India in 2024: 1. Its diverse mineral resources and GDP of over 5 trillion Naira make it a contributor to Nigeria’s economy. Lagos Overall GDP: $33. These states have large populations which provide a large pool of potential consumers, they have diversified economies, are located in strategic locations, and have received government support in recent years. Nigeria is a lower-middle-income, mixed economy focused upon petroleum and (to a lesser extent Largest economies in the world by GDP (nominal) in 2025 the economy of the United States surpassed the British Empire's output around 1916 Nigeria: 194,760: 2025: Feb 20, 2025 · Port Harcourt, Rivers State: Major oil city and commercial center, contributing significantly to state and national GDP and boasting relatively high living standards. Nigeria's Richest States ranked By GDP (See List) - Politics (7) - Nairaland. 9% of Ohio’s Gross Domestic Jan 6, 2025 · As we navigate through 2025, several countries have emerged as economic leaders on the continent. Here, we picked 10 richest Nigerian states right now and their respective GDP. 3 million as at 2020 the and it is divided into 37 local government areas, with a landmass of 3,577km. 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. 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. 17 trillion, nearly 38 times as much as that of Yobe. The state capital, Port Harcourt, is a major centre for crude oil Jan 19, 2025 · Cross River State’s N538. It is the major industrial and financial and center for northern states in Nigeria. 2. 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. Apr 3, 2025 · List Of Top 10 Richest States In Nigeria 2025 1. 34 billion and Aug 8, 2024 · Find out which states are the wealthiest in the USA, based on GDP data from 2024. Nairaland Forum / Nairaland / General / Politics / FULL LIST: Nigerian States By GDP (5882 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] May 24, 2024 · Because of its abundance of Top 10 richest states in Nigeria natural resources, including coal, tin, and iron ore, Nigeria is one of the richest countries on the continent. 17 billion. Nov 19, 2024 · With a GDP of just under $200 billion, Nigeria is now the fourth richest African country in 2025, dropping down three spots on this list from the previous year. 6 Dec 25, 2023 · 1. Here, we explore the top 10 economies in Africa, ranked by their GDP in Purchasing Power Parity (PPP), an indicator that accounts for the cost of living and inflation rates. At the top of the list is Lagos, the largest city in Nigeria and the economic heartbeat of the country. Nov 21, 2024 · 4. United States: $25. 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. Feb 27, 2025 · Nigeria, the West African country of about 235 million people, is rich in natural resources and cultural diversity. The United States leads the global economy with a GDP of over $25 trillion. 68 billion, and the per-individual income is $4,335. Lagos State — GDP: ₦41. Lagos Apr 18, 2024 · For the record, Yobe is Nigeria’s poorest state by GDP, followed by Kwara and Enugu. Seychelles, with a GDP-PPP per capita of $43,070, has a strong economy driven by tourism, fisheries, and financial services. 27 billion), Rivers State is pivotal to Nigeria's oil and gas industry. Share of Global GDP expressed as a percentage of the sum of GDP for all countries in the World Economics database. Nigeria's Richest States ranked By GDP (See List) - Politics (8) - Nairaland. Nov 1, 2018 · Rivers is one of the richest states in Nigeria with a GDP of $21,073 billion. 68 billion Per capita: $3649 4. 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. 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). Sep 14, 2023 · The state is Nigeria’s most populous state and has a GDP of $12. 89 lakh; State Share of National May 23, 2024 · 1. 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. 23 billion, showcasing its robust and diverse economy. Imo Ranked by GDP in current USD, Nigeria comes out as the richest country in Africa during the year 2021. Richest States In Nigeria By GDP Per Capita - Politics (2) - Nairaland. The state has over 3 million persons populating its large land mass area and it is ranked 5th richest state in the country. 68 Billion) Lagos stands at the very top of the richest states present in Nigeria. 75 Billion Per capita:$3,990 2. 6/$ Dec 2023 853 /$ Period Dec YoY% Exchange Rate- Official ₦ $ Exchange rate-Parallel ₦1,660/$ ₦1,210 Period-37. 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). Sokoto is only the 17 th poorest, while Lagos takes the top spot nationwide with a GDP of N41. 17 trillion (about $102 billion). 1. Feb 24, 2025 · The projected GDP figures for African nations in 2025 reveal fascinating insights into the continent’s economic hierarchy. 73 million; In the list of the seven richest states in America, Ohio takes the last place. 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. 89 billion Per capita: $3623 5. Edo Overall GDP: $11. 6 percent a year in 2025-2026. 68 trillion. This figure is more than any other Nigerian region. 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. This local government area is mainly known for its oil and gas industry, which plays a huge role in Nigeria’s economy. GDP: $872. Its thriving entertainment and technology sectors further contribute to its economic dominance. 15. Below are Nigeria's top 10 richest states, based on their Gross Domestic Product (GDP). 46% Q3 2023 2. 17 trillion (approximately $102 billion), Lagos State is the economic powerhouse of Nigeria. Delta State is made up of different ethnic groups with Igbos being the major subtribe. 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. 6. Akwa Sep 23, 2024 · Lagos State is the economic powerhouse of Nigeria. 748 billion; GDP per capita: $ 74,050; Population: 11. Apart from crude oil, Edo is also blessed with limestone, quarry and other natural resources. Nigeria's debt-to-GDP ratio was 36. Feb 26, 2025 · Nigeria, Africa’s largest economy, is home to several states with thriving industries, strong commercial activities, and vast natural resources. Delta Overall GDP: 16. states and the District of Columbia and their nominal GDP at current prices. [5] Jul 28, 2022 · 5 Poorest States In Nigeria. Following Lagos, Ogun is one of the most industrialised states of Nigeria. Rivers State – Oil & Gas Hub. Akwa Ibom State ($19. Oct 29, 2024 · The 36 states of the federation and the Federal Capital Territory (FCT) generated N2. 54% Period YoY% Q3 2024* 16. pjraniwgndxpmkaivfylajhufqlfgpepudvlgvasfkqyswpbbwqktnfaegsygbbmbstqt