The richest state in nigeria 2025 by gdp. ENUGU STATE This is a list of U.

The richest state in nigeria 2025 by gdp 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. GSDP is the sum of all value added by industries within each state or union territory and serves as a counterpart to the national gross domestic product (GDP). Akwa Ibom State ($19. Lagos Apr 18, 2024 · For the record, Yobe is Nigeria’s poorest state by GDP, followed by Kwara and Enugu. 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. The highest any oil producing state in Nigeria can boast of. The history of Rivers State dates back to 1967 when it was created out of the old Eastern region. In addition, Lagos State GDP, valued at N33. 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. Seychelles. Nigeria: 1,489. 68 billion Per capita: $3649 4. 9% of Ohio’s Gross Domestic Jan 6, 2025 · As we navigate through 2025, several countries have emerged as economic leaders on the continent. 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. 73 million; In the list of the seven richest states in America, Ohio takes the last place. Below are Nigeria's top 10 richest states, based on their Gross Domestic Product (GDP). The state has a diverse economy, with major industries such as technology, entertainment, agriculture, and manufacturing contributing to its wealth. Richest States In Nigeria By GDP Per Capita - Politics (2) - Nairaland. The sizeable GDP is mainly driven by finance, transport, infrastructure, tourism, and an abundance of crude oil. Its harsh climate conditions has made its a no go area and has prevented foreigners and foreign investors to come for investment in the state. Nov 1, 2018 · Rivers is one of the richest states in Nigeria with a GDP of $21,073 billion. Dec 25, 2024 · The state makes up about 3. 52 billion 2025 Budget, which came into force on January 01, 2025, consisted of recurrent expenditures of N202. Displayed data relates to the latest data available: 2024. 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. 17 trillion (approximately $102 billion), Lagos State is the economic powerhouse of Nigeria. Mar 20, 2025 · In 2025, certain states continue to lead in wealth generation, contributing significantly to Nigeria’s GDP. 96 trillion (approx. Sokoto is only the 17 th poorest, while Lagos takes the top spot nationwide with a GDP of N41. Sep 27, 2024 · Obio-Akpor, in Rivers State, is one of the wealthiest LGA in Nigeria with a GDP of about $10 billion. 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. 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. The main economic sectors that influence Ohio’s GDP are manufacturing, trade, health care, and education. 68 billion. Here, we picked 10 richest Nigerian states right now and their respective GDP. These states, with their robust economies and developed infrastructure, play a crucial role in the nation’s economic prowess. Kastina state Jan 12, 2022 · Nigeria has the largest economy in Africa by Gross domestic product (GDP). 27 billion), Rivers State is pivotal to Nigeria's oil and gas industry. 748 billion; GDP per capita: $ 74,050; Population: 11. Also, the state’s GDP which stands at $21,073 billion makes her one of the richest states in the country. 75 Billion Per capita:$3,990 2. The current GDP of this state is about 7 trillion Naira. Edo Overall GDP: $11. Feb 27, 2025 · Nigeria, the West African country of about 235 million people, is rich in natural resources and cultural diversity. Lagos State — GDP: ₦41. Its diverse mineral resources and GDP of over 5 trillion Naira make it a contributor to Nigeria’s economy. 623. 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. Nov 24, 2024 · Connecticut, with a GDP per capita of $88,686, is home to many insurance corporate headquarters. The state capital, Port Harcourt, is a major centre for crude oil Jan 19, 2025 · Cross River State’s N538. 86 trillion. It boasts of a massive GDP of approximately $33. 68 billion, and the per-individual income is $4,335. Following closely is Egypt, with a GDP of $347. 393 billion. 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 . The Internally Generated Revenue (IGR) for 2023, is 26. 89 billion Per capita: $3623 5. Below are Nigeria’s top 10 richest states, based on their Gross Domestic Product (GDP). Feb 24, 2025 · The projected GDP figures for African nations in 2025 reveal fascinating insights into the continent’s economic hierarchy. In 2022, Lagos State emerged as the clear leader in IGR, generating approximately ₦6. 1 Trillion Jun 1, 2024 · 1. Oct 29, 2024 · These industries, along with the state’s favorable location, give Rivers a strong and diverse economy. 5 4 Abuja Municipal, FCT 7. Nov 21, 2024 · 4. 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). 9. Nigeria's Richest States ranked By GDP (See List) - Politics (7) - Nairaland. Nigeria – $514. 9 trillion+ May 24, 2024 · Date: Monday, 24 February 2025 at 12:55 AM. Sep 2, 2024 · Anambra State began its ascent to the richest states in Nigeria ranking in 2006 when it debuted Orient Petroleum Refinery (OPR), Nigeria's first private refinery. This article presents the 50 U. Jan 8, 2024 · Last year, in the 2023, Lagos state, the richest state in Nigeria has GDP of over N400 billion Naira, with it’s major revenue source to be the oil sector, manufacturing industry, trade, and tourism. Imo State — GDP: ₦7. GDP: $3. 17 trillion (over $102 billion), making it the richest state in the country. Nigeria's debt-to-GDP ratio was 36. 48%) is higher than the US's 2. All these economic indicators put together contribute to states’ Gross Domestic Product. 2025 Nigeria Budget and Economic Outlook January 2025 | 5 Source: NBS, NUPRC, OPEC, CBN, FMDQ, NGX, Rate Cap, PwC Analysis ₦ GDP Growth Rate 3. 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 lakh; State Share of National May 23, 2024 · 1. 34 billion and Aug 8, 2024 · Find out which states are the wealthiest in the USA, based on GDP data from 2024. Lagos Overall GDP: $33. 623: $11. Speaking at the Nigeria Economic Outlook 2025 organized by FirstBank on Wednesday, Olusegun Alebiosu, CEO of FirstBank Group, highlighted that despite the difficulties experienced in 2024, there are indicators of potential growth in 2025. Rivers State – Oil & Gas Hub. states and the District of Columbia and their nominal GDP at current prices. 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. Oct 29, 2024 · The 36 states of the federation and the Federal Capital Territory (FCT) generated N2. 3 billion, which is the second largest on the continent. Dec 18, 2020 · 1. 17 trillion, nearly 38 times as much as that of Yobe. Lagos state: this state has a population of over 14. While we have outlined the top 10 richest states in Nigeria, we shall also look at the poorest states in Nigeria. May 23, 2024 · 2. 5 2 Port Harcourt, Rivers 9. 25: $3. 6/$ Dec 2023 853 /$ Period Dec YoY% Exchange Rate- Official ₦ $ Exchange rate-Parallel ₦1,660/$ ₦1,210 Period-37. 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. Edo State. With a GDP totaling $150 billion and per capita of $4,333, Lagos state occupies the position as the fifth largest economic centre in Africa at the moment. Suffice to say that Edo is also an oil producing state with a GDP of $11. The capital of the State, Port Harcourt is where these refineries are located. 2% on poverty level. 6 Dec 25, 2023 · 1. 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. 61 billion, capital expenditures of N333. Following Lagos, Ogun is one of the most industrialised states of Nigeria. 9 6 Amuwo-Odofin, Lagos 5. California. As at February 2025, some of the country’s 36 states are conspicuous in their economic activity and contributions. Nigeria is the most populous country in Africa, with 211 million residents—nearly twice the population of Egypt—contributing to its GDP. Lagos State, the commercial nerve centre of Nigeria, takes the crown as the wealthiest state by GDP. Imo State stands out for its diverse economy and thriving agriculture, commerce, and manufacturing sectors. The state is a major contributor to Nigeria’s economy, thanks mainly to its role in the oil and gas industry. 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. At the top of the list is Lagos, the largest city in Nigeria and the economic heartbeat of the country. Share of Global GDP expressed as a percentage of the sum of GDP for all countries in the World Economics database. 88 billion and a per capita of $3. Delaware, hosting numerous corporate headquarters due to its business-friendly laws, holds a GDP per capita of $84,812. 25 Billion) Akwa Ibom State is one of Nigeria’s richest states, with a GDP of about ₦7. 7. Mar 1, 2024 · The South West zone is considered the richest with states such as Ekiti, Lagos, Ogun, Ondo, Osun, and Oyo. 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. 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. uzrxl fduyf bmxgb npc jbzckhh elijl ztrdeax fagv ihahvx dqn pdki wiqmure vwm bes hkllulceq