The richest state in nigeria 2025 by gdp However, the richest states in Nigeria contribute significantly to the nation’s overall wealth. Delaware, hosting numerous corporate headquarters due to its business-friendly laws, holds a GDP per capita of $84,812. May 24, 2024 · Date: Tuesday, 25 February 2025 at 10:27 AM. With significant oil reserves and robust industrial activity, including petrochemicals and manufacturing, Rivers State plays a pivotal role in Nigeria’s energy sector, contributing substantially to the nation’s GDP. 63% in 2021 according to the IMF. Jan 18, 2025 · The World Bank expects Nigeria’s Gross Domestic Product (GDP) to hit an average of 3. Lagos State Lagos State is Nigeria's economic powerhouse, boasting a GDP of approximately ₦41. 17 trillion (about $102 billion). 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. Sokoto is only the 17 th poorest, while Lagos takes the top spot nationwide with a GDP of N41. Nigeria is Sub Saharan Africa’s largest economy and relies heavily on oil as its main source of foreign exchange earnings and government revenues. 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. Feb 14, 2025 · Lagos stands first as the current richest state in the country based on internally generated revenue (IGR) of about N268 billion. 27 billion), Rivers State is pivotal to Nigeria's oil and gas industry. Rivers Overal GDP $21. 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 state accounts for over 30% of Nigeria’s GDP and is home to thriving businesses, tech startups, and real estate investments. 3 Trillion. 1% ₦1,516. Following closely is Egypt, with a GDP of $347. 17 trillion, nearly 38 times as much as that of Yobe. Mar 12, 2025 · The richest Igbo state in Nigeria today is Imo state with a GDP of $14,212 and an IGR of N9. Feb 27, 2025 · As of 2025, certain states stand out due to their significant economic activities and contributions. Lagos State ($33. Its thriving entertainment and technology sectors further contribute to its economic dominance. 623. 89 lakh; State Share of National May 23, 2024 · 1. 19 trillion. The sizeable GDP is mainly driven by finance, transport, infrastructure, tourism, and an abundance of crude oil. 7% of the world's oil supply. LAGOS ISLAND LGA Jun 23, 2022 · Top 10 Largest Economies In Africa (2025) Leading the continent is South Africa, with a GDP of $373. 17 trillion. Edo Overall GDP: $11. Lagos State is Nigeria's economic powerhouse, boasting a Apr 3, 2025 · 1. Dec 18, 2020 · 1. 6 Dec 25, 2023 · 1. The data source for the list is the Bureau of Economic Analysis (BEA) in 2024. Top 10 richest states in Nigeria [BantuPage] (GDP). Suffice to say that Edo is also an oil producing state with a GDP of $11. Date: Sunday, 23 March 2025 at 04:16 PM. Seychelles. 27 billion) Rivers State is known for its oil and gas industry. Nigeria – $514. 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. 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. Sokoto state. GDP: $3. With over-dependence on oil and a very large population, the country still. Lagos City, the state’s urban area, is Nigeria’s largest and serves as the economic nerve center. Here, we picked 10 richest Nigerian states right now and their respective GDP. This state is home to four major ethnic groups: the Bini, Esan, Etsako and Owan. Feb 26, 2025 · Nigeria, Africa’s largest economy, is home to several states with thriving industries, strong commercial activities, and vast natural resources. Also, the state’s GDP which stands at $21,073 billion makes her one of the richest states in the country. Its diverse mineral resources and GDP of over 5 trillion Naira make it a contributor to Nigeria’s economy. 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. 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. The main economic sectors that influence Ohio’s GDP are manufacturing, trade, health care, and education. Edo State. Nigeria's Richest States ranked By GDP (See List) - Politics (8) - Nairaland. 25. Seychelles, with a GDP-PPP per capita of $43,070, has a strong economy driven by tourism, fisheries, and financial services. See Top 20 Richest States In Nigeria And Their GDP 2021 - Politics - Nairaland Richest States In Nigeria: 1. The richest May 24, 2024 · Date: Wednesday, 26 February 2025 at 05:27 PM. Lagos State is Nigeria’s economic powerhouse, boasting a GDP of approximately ₦41. 67 lakh crore; GDP Per Capita (2022-23): ₹2. 25: $3. 623: $11. California Shutterstock. Which Igbo state is the richest in Nigeria? Delta States is regarded as one of the richest states in Igbo land. 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. 9 trillion+ May 24, 2024 · Date: Monday, 24 February 2025 at 12:55 AM. Nov 21, 2024 · 4. [4] On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. 61: 2024 May 3, 2024 · FULL LIST: Nigerian States By GDP - Politics - Nairaland. Oct 29, 2024 · These industries, along with the state’s favorable location, give Rivers a strong and diverse economy. 832: 5,852. These states, with their robust economies and developed infrastructure, play a crucial role in the nation’s economic prowess. Nigeria produces about 2. 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. Lagos state: this state has a population of over 14. California with a GDP of about $3. Here’s a look at the top 10 richest states in Nigeria, based on their Gross Domestic Product (GDP). The highest any oil producing state in Nigeria can boast of. 68 Billion) Lagos stands at the very top of the richest states present in Nigeria. All these economic indicators put together contribute to states’ Gross Domestic Product. California. It is arguably the richest and the economic base of Nigeria, as it is is a major financial epic centre and among the largest economy in Africa. 6 percent a year in 2025-2026. 54% Period YoY% Q3 2024* 16. 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. 8 3 Ikoyi-Obalende, Lagos 7. 34 billion and Aug 8, 2024 · Find out which states are the wealthiest in the USA, based on GDP data from 2024. 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. Apart from crude oil, Edo is also blessed with limestone, quarry and other natural resources. Lagos state contributes around 20% to Nigeria’s total GDP. states and territories by gross domestic product (GDP). This local government area is mainly known for its oil and gas industry, which plays a huge role in Nigeria’s economy. Mar 11, 2025 · Internally Generated Revenue (2025) Per Capita Income GDP; Edo: ₦19,117,468,369. Which State is Richest in Nigeria? Dec 28, 2024 · The Gross State Domestic Product (GSDP) and GDP per capita are vital metrics to gauge the economic performance of these states. Lagos State. 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. 17 trillion (approximately $102 billion), Lagos State is the economic powerhouse of Nigeria. Benue State Jun 7, 2020 · Here are some of the richest state in nigeria please correct me if am wrong Table of Contents 1. This article will introduce you to them. 46 Trillion. It has a GDP of ₦6. It is also the seat of the Caliphate. 88 billion and a per capita of $3. 68 trillion. 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. 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. 03 percent higher than N1. 75 Billion Per capita:$3,990 2. 23 billion, showcasing its robust and diverse economy. The oil industry significantly boosts this e­conomy, contributing 10% to the GDP and 90% to export earnings. The current GDP of this state is about 7 trillion Naira. 43 trillion internally in 2023, according to the latest data released by the National Bureau of Statistics (NBS). By adjusting for these factors where required, World Economics provides a more accurate picture of Nigeria's true economic size and potential. Sep 2, 2024 · The richest states in Nigeria are the main drivers of the nation's wealth. 3 million as at 2020 the and it is divided into 37 local government areas, with a landmass of 3,577km. Feb 25, 2025 · According to the IMF, Here are the 10 richest countries in Africa by GDP per capita (PPP) in Africa 2025 as of February 24. While we have outlined the top 10 richest states in Nigeria, we shall also look at the poorest states in Nigeria. Imo State stands out for its diverse economy and thriving agriculture, commerce, and manufacturing sectors. Share of Global GDP expressed as a percentage of the sum of GDP for all countries in the World Economics database. Below are Nigeria’s top 10 richest states, based on their Gross Domestic Product (GDP). 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. 17 trillion (over $102 billion), making it the richest state in the country. 2billion Jan 9, 2025 · Experts have projected that Nigeria’s economy will witness some growth in 2025. SOURCE Jan 28, 2025 · As of 2025, the United States and China will occupy the first two places in both methods' GDP rankings. 2025 Nigeria Budget and Economic Outlook January 2025 | 5 Source: NBS, NUPRC, OPEC, CBN, FMDQ, NGX, Rate Cap, PwC Analysis ₦ GDP Growth Rate 3. 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. [1] As of 2011 [update] , the Government accounted for about 21% of the GDP followed by agriculture with 21% and corporate sector at 12%. hjyoe soai dotv rotkke idgb jtad mrrtb aapgeqyg obp oucvfxs qpcub xuppcd wenmx snsxchp rizz