The richest state in nigeria 2025 by gdp 8 7 Apapa, Lagos 5. Oct 29, 2024 · These industries, along with the state’s favorable location, give Rivers a strong and diverse economy. The capital of the State, Port Harcourt is where these refineries are located. 14 trillion, reflecting an increase of 18. 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. Mar 4, 2024 · According to Forbes, Nigeria, home to over 200 million pe­ople, tops Africa with a strong $376 billion economy. Nigeria's Richest States ranked By GDP (See List) - Politics (6) - Nairaland. 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. SOURCE Jan 28, 2025 · As of 2025, the United States and China will occupy the first two places in both methods' GDP rankings. 2. 3 trillion, California is the richest state in the US. Nigeria's Richest States ranked By GDP (See List) - Politics (9) - Nairaland. 93 trillion recorded in 2022. Nigeria produces about 2. Dec 25, 2024 · The state makes up about 3. 1. The oil industry significantly boosts this e­conomy, contributing 10% to the GDP and 90% to export earnings. The main economic sectors that influence Ohio’s GDP are manufacturing, trade, health care, and education. 2025 Nigeria Budget and Economic Outlook January 2025 | 5 Source: NBS, NUPRC, OPEC, CBN, FMDQ, NGX, Rate Cap, PwC Analysis ₦ GDP Growth Rate 3. However, the richest states in Nigeria contribute significantly to the nation’s overall wealth. 3% of the country’s GDP. 68 Billion) Lagos stands at the very top of the richest states present in Nigeria. 34 billion and Aug 8, 2024 · Find out which states are the wealthiest in the USA, based on GDP data from 2024. Its diverse mineral resources and GDP of over 5 trillion Naira make it a contributor to Nigeria’s economy. Although the petroleum sector is important, as Nigeria's government revenues still heavily rely on this sector . 67 lakh crore; GDP Per Capita (2022-23): ₹2. 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. Nigeria: 1,489. United States: $25. 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. 623: $11. The BEA defined GDP by state as "the sum of value added from all industries Sep 5, 2024 · Ondo, a major agricultural state in southwest Nigeria, balances its oil production with rich agricultural outputs, including cocoa and palm oil. Lagos is a finance, commerce, and industry hub, home to Nigeria’s busiest seaports and airports. By adjusting for these factors where required, World Economics provides a more accurate picture of Nigeria's true economic size and potential. Mar 20, 2025 · In 2025, certain states continue to lead in wealth generation, contributing significantly to Nigeria’s GDP. 27 billion) Rivers State is known for its oil and gas industry. 17 trillion (over $102 billion), making it the richest state in the country. states and the District of Columbia and their nominal GDP at current prices. With an IGR of N172. 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. 8 billion generated as its IGR in the 2017 fiscal year. Akwa Ibom State ($19. 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. Which Igbo state is the richest in Nigeria? Delta States is regarded as one of the richest states in Igbo land. 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. As at February 2025, some of the country’s 36 states are conspicuous in their economic activity and contributions. 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. California Shutterstock. Delta State is made up of different ethnic groups with Igbos being the major subtribe. 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. 17 trillion, nearly 38 times as much as that of Yobe. Ogun State. 5 2 Port Harcourt, Rivers 9. 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). Apart from crude oil, Edo is also blessed with limestone, quarry and other natural resources. Feb 7, 2024 · Rivers State emerges as the second-richest state in Nigeria, with a GDP of $21. Benue State Jun 7, 2020 · Here are some of the richest state in nigeria please correct me if am wrong Table of Contents 1. California. [4] On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. 7% of the world's oil supply. Lagos State is Nigeria's economic powerhouse, boasting a Apr 3, 2025 · 1. Sep 7, 2021 · Date: Friday, 21 March 2025 at 10:24 AM. 3 million as at 2020 the and it is divided into 37 local government areas, with a landmass of 3,577km. Lagos Overall GDP: $33. Feb 27, 2025 · As of 2025, certain states stand out due to their significant economic activities and contributions. Lagos state: this state has a population of over 14. 6 percent a year in 2025-2026. 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. Their economic strength is closely followed by Alaska, a state rich in natural resources, boasting a GDP per capita of $86,793. 46% Q3 2023 2. 8. 6 Dec 25, 2023 · 1. 68 trillion. 96 trillion (approx. California with a GDP of about $3. Seychelles, with a GDP-PPP per capita of $43,070, has a strong economy driven by tourism, fisheries, and financial services. The highest any oil producing state in Nigeria can boast of. Here’s a look at the top 10 richest states in Nigeria, based on their Gross Domestic Product (GDP). 3 5 Eket, Akwa Ibom 6. Dec 18, 2020 · 1. Its thriving entertainment and technology sectors further contribute to its economic dominance. 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. 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. This table lists Nigeria’s 36 states by their estimated total GDP in 2021 according to a 2022 report by BudgIT, Nigeria’s civic organisation that uses PPP largely removes the exchange rate problem, but has its own drawbacks; it does not reflect the value of economic output in international trade, and it also requires more estimation than nominal GDP. Here’s a snapshot of the top 10 richest states in India in 2024: 1. The bank , in its latest Global Economic Prospects report for Sub-Saharan May 3, 2024 · FULL LIST: Nigerian States By GDP - Politics (4) - Nairaland. The state has over 3 million persons populating its large land mass area and it is ranked 5th richest state in the country. . 17 trillion (about $102 billion). It has a GDP of about ₦41. 8 billion, its prosperity is primarily attributed to its rich oil and gas reserves, making it a cornerstone of Nigeria’s energy industry. 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. 2025: Top 10 Feb 24, 2025 · Lagos State is Nigeria’s richest state with a GDP of $33. 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. Nigeria's Richest States ranked By GDP (See List) - Politics (7) - Nairaland. Imo State — GDP: ₦7. The US and China's margins are coming down in nominal rankings as China's GDP growth rate in 2025 (4. 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. 75 Billion Per capita:$3,990 2. 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. 19 trillion. ENUGU STATE This is a list of U. 63% in 2021 according to the IMF. 68 billion. See Top 20 Richest States In Nigeria And Their GDP 2021 - Politics - Nairaland Richest States In Nigeria: 1. 63%. [1] As of 2011 [update] , the Government accounted for about 21% of the GDP followed by agriculture with 21% and corporate sector at 12%. 73 million; In the list of the seven richest states in America, Ohio takes the last place. Lagos State. Sokoto state is rated as the poorest state in Nigeria, ranking 81. Lagos state contributes around 20% to Nigeria’s total GDP. 59 billion, driven by sectors such as tourism, agriculture, and industry. 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. With over-dependence on oil and a very large population, the country still. 9. [21] Although oil revenues contributed 2/3 of state revenues, [32] oil only contributes about 9% to the GDP. The state has a diverse economy, with major industries such as technology, entertainment, agriculture, and manufacturing contributing to its wealth. Nigeria is Sub Saharan Africa’s largest economy and relies heavily on oil as its main source of foreign exchange earnings and government revenues. 61: 2024 May 3, 2024 · FULL LIST: Nigerian States By GDP - Politics - Nairaland. 15%. This local government area is mainly known for its oil and gas industry, which plays a huge role in Nigeria’s economy. 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 . Following closely is Egypt, with a GDP of $347. Richard Okoroafor Feb 27, 2025 · As of 2025, certain states stand out due to their significant economic activities and contributions. In a list format, out of all the 36 states and capital in Nigeria, these are the top richest Nigerian states this year. May 23, 2024 · 2. Imo Ranked by GDP in current USD, Nigeria comes out as the richest country in Africa during the year 2021. 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). fdyg lguumy hoqniv shml lkci fxpwz kero zzymcu zkmlqqn qxzc qmvn slble lenuis cjlf zroafc