Which State Is The Richest In Nigeria? In Nigeria, there are 36 States with their capitals, and out of the 36 States, There are States that are the highest in Nigeria. In this article, we will be listing the names of states that are known to be rich and we’ll explain what makes them richer than other States in the country and why they are rich.
Which State Is The Richest In Nigeria?
- Lagos State
- Rivers State
- Delta State
- Oyo State
- Imo State
- Kano State
- Edo State
- Akwa Ibom State
- Ogun State
- Kaduna State
Lagos State
Lagos State is ranked the richest State in Nigeria. It is known to be the nation’s smallest when it comes to sizes.
Lagos state can be found in the southwestern part of Nigeria and is the most populous State in Nigeria and in Africa.
The state was the former capital city of Nigeria on May 27th, 1967. Lagos State has been inhabited by different tribes and indigenes, but it is a Yoruba state.
Lagos State is the center of the economy in Nigeria. What do we mean by that? This is said because it is a state with the 5th largest economy in Africa.
As of 2017, Lagos state was able to generate a revenue of N334 Billion Naira, which is equivalent to USD 920 million. Then in the early year of 2021, the state generated revenue of N267 Billion Internally.
Some of the Revenue that makes Logos State stand out is their companies, factories, etc. In Lagos, mineral resources are found, like Clay, Bitumen, and Glass Sand.
Now let’s find out what makes Lagos State the richest in Nigeria
Here is the list of what makes Lagos State Stands out when it comes to wealth.
- Lagos is the center for Commercials in Nigeria
- There is expensive real estate in Lagos
- When it comes to the Entertainment hub, Lagos is the African Hub
- Lagos is known to have 84 billion dollars in GDP
- Lagos state runs a huge annual Budget
Here is Lagos state Website: https://lagosstate.gov.ng/
Delta State
Delta State is known to be one of the richest states in Nigeria. Delta State is located in the South-south part of Nigeria.
Delta State was Named after the Niger Delta. The state is a break away from Bondel State which was on 27t of August 1991.
Delta State is Rich in Natural resources. Here are the Solid Mineral they are blessed with;
- Silica
- Lignite
- Industrial Clay
- Tar sand
- Kaolin
- Decorative rock
- Limestone
They are also rich in raw materials for industries such as:
- Ceramics
- Bottle manufacturing
- Chemical and Insulation Production
- Chalk manufacture
- Glass manufacturing
- Sanitary ware
Delta state happens to have a Deposit of crude oil which is known to be very huge, and it is the largest deposit in Nigeria.
Here is the list of what makes Delta State stand out when it comes to wealth.
- Business in delta state
- The construction sector
- Real estate sector
- Agricultural sector
The state is known to have increased from N2.961 TRILLION IN 2015 to N4.471 trillion in 2019 with the portion of crude oil and natural gas.
Oyo State
Another state that is known to be one of the Richest States in Nigeria. It is ranked as the 3rd most populated state in the country and the 2nd most populated in Africa.
The State was formed from the western State, in 1976. The Oyo State is inhabited by the Yoruba ethnic group.
In Oyo State, Agriculture is their main occupation. They are favored by the climate in the Oyo state. They cultivate a lot of crops like:
- Cassava
- Rice
- Plantain
- Coca
- Yam
- Maize
- Millet
- Cashew
- Palm production, etc.
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Imo State
Imo State is also ranked as one of the richest states in the country, Nigeria. The Imo State is located in the South-east part of Nigeria.
Imo State Is an Igbo-speaking state. Their economic state is known to be highly dependent when it comes to Agricultural Production, e.g Palm Oil Production, and extraction of crude Oil and natural gas.
Imo state has several natural resources:
- Cruise oil
- Lead
- Natural gas
- Solar and wind power
- Calcium carbonate
- Zinc, etc
Kano State
Kano state can be located in the Northern part of the country. It is known to be one of the rich states in Nigeria.
The state was created on May 27th, 1967. There are many large markets in Kano, e.g Kurmi Market, Kentin Kwari market, Sabon Garri Market, Kofar Wanbai Market, etc.
The market mentioned above specializes in Textiles and grain. They are producers of:
- Chili Pepper
- Gum Arabic
- Cotton
- Sesame
- Hides and skins
- Garlic
- Soybean
After Lagos, Kano has the largest industries in Nigeria and in the northern part of Nigeria. Here is what they work on:
- Plastic
- Ceramics
- Furniture
- Tanning
- Textile
- Footwear
- Cosmetics
- enamelware
Under Agriculture:
- Animal feeds
- Dairy product
- Food and beverages
- Vegetable oil
- Soft drinks, etc.
Mineral Raw Materials:
- Lead
- Pyrochinre and Tantalite
- Copper
- Cassiterite
- Gemstone
- Glass-sand
Edo State
Edo state is known as one of the richest states in Nigeria. EDo state which ca n be located in the south-south part of Nigeria.
The capital city of Edo state is Benin city, which happens to be the 4th largest city in Nigeria as well as the center of the country’s rubber industry.
There are several mineral resources in Edo State
- Marble
- Limestone
- Oil and gas
- Gold
- Phosphate
- Lignite
- Dolomite
- Clay
- Bitumen
- Glass-sand
- Iron-ore
- Gypsum
Akwa Ibom State
Akwa Ibom State can be located in the south-south part of Nigeria. It is ranked as one of the Rich states in Nigeria.
Akwa Ibom State is inhabited by Anaang, Ibibio, and Obolo-Orun ethnic groups. Akwa Ibom is surrounded by the production of natural gas, and cruise oil.
Some of the Industrial Agriculture are:
- Yam
- Plantain
- Cocoyam
- Fishing and
- Heliciculture
Ogun State
Ogun state is known to be created in 1976, on the 3rd of February. It can be located in the southwestern part of Nigeria.
Ogun state is ranked as one of the rich states in Nigeria. They have the major factories which are:
- Dangote Cement Factory
- Nestle
- Lafarge Cement Factory
- Memmcol
- Coleman cables
- Procter and Gamble
Mineral Resources in Ogun State
- Feldspar
- Kaolin
- Bitumen
- Clay
- Limestone and Phosphate
- Gemstone
Kaduna State
Here is one of the top 10 States that is rich in Nigeria. They are known to be ranked as the 15th largest state In Nigeria.
Kaduna state has inhabited by over 50 to 60 ethnic groups. But the most dominant is the Fulani and the Hausa.
The major economic sector of Kduna is Cotton cultivation and peanut, and groundnut. The state was created on 1967, May 27th. The capital city of Kaduna is Kaduna.
Conclusion
Nigeria is indeed blessed with State with rich resources. The mentioned states above are ranked for their factories, industries, and Revenues, therefore making it to the list of the richest states in Nigeria.