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5 Richest States in Nigeria – 2018



No doubt, Lagos will always top the chat of the richest states in Nigeria. The GDP has been used in rating the richest states in Nigeria. Most of the top richest states are oil producing states and they have massive internally generated revenues. See the list below;[AdSense-A]

Top 5 Richest States in Nigeria

1 Lagos State:

Top 5 Richest States in Nigeria

Lagos is the richest state in Nigeria. They have the largest population in the country and this has helped in creation of massive employment and business opportunities. Lagos state is not an oil producing state; neither does it receive the highest allocation from the federal government. The internally generated revenue is large enough to catapult it to the top of this list as the richest states in Nigeria. Lagos state can be termed as the “America of Nigeria”. It is a no man’s land. The numbers of opportunities in Lagos state are enormous. It is very common to see fresh school leavers migrating to Lagos for greener pastures. Lagos is very peaceful, hence many international and local investors see Lagos as the destination for investment. Lagos state is a former capital of Nigeria and is clearly the most influential state in Nigerian politics. Their voting power goes a long way in deciding the direction of politics in Nigeria. Lagos state has a GDP of $33.67 billion.

2 Rivers State:

Top 5 Richest States in Nigeria

Rivers state is otherwise called the ‘treasure base of the nation’ simply because its productivity in Oil and Gas. Most of the multinational oil companies have their corporate offices in Port Harcourt and the general economy in the state is growing very fast. Many opportunities abound in Rivers state and it is a safe haven for investors. Rivers state is the 2nd richest states in Nigeria and the most populated state in south-east and south-south Nigeria. Hence it is very influential in politics Nigeria. The GDP in Rivers state is $21.07 billion.

3 Delta State:

Top 5 Richest States in Nigeria

Delta state is an Oil-rich state. The city of Warri houses one of the refineries in the country. Few years ago, the state was one of the core areas affected by militancy. The state attracts many investors and it is the 3rd richest states in Nigeria. Delta state has a GDP of $16.75 billion

4 Oyo state:

Oyo, usually referred to as Oyo State to distinguish it from the city of Oyo, is an inland state in south-western Nigeria, with its capital at Ibadan. It is bounded in the north by Kwara State, in the east by Osun State, in the south by Ogun State and in the west partly by Ogun State and partly by the Republic of Benin. Research shows that the GDP of Kano state is $16.12 billion.

5 Imo State:

Imo state is one of the fastest growing economies in the country. It receives allocations from the federal government as one of the oil producing states. Imo state is clearly one of the richest states in Nigeria. The GDP of Imo state stands at $14.24 billion. The state is very peaceful and is fast becoming the destination for many investors.

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