Top 10 Richest States In Nigeria By GDP (2024)

Based on the total economic output of each state, here are the top 10 richest states In Nigeria as of 2024:

Rank	State	GDP (₦ Trillion)	GDP (US$ Billion)
1	Lagos	41.17	102.01
2	Rivers	7.96	19.27
3	Akwa Ibom	7.77	19.25
4	Imo	7.68	19.02
5	Delta	6.19	15.33
6	Anambra	5.14	12.73
7	Ondo	5.1	12.63
8	Ogun	5.03	12.46
9	Bayelsa	4.63	11.47
10	Niger	4.58	11.34

1. Lagos State

Lagos State is the economic powerhouse of Nigeria. It has a GDP of about ₦41.17 trillion (over $102 billion), making it the richest state in the country. Lagos state contributes around 20% to Nigeria’s total GDP.

This state is not only the most populous state, with around 24 million people, but also the financial hub of Nigeria. It houses the Nigerian Stock Exchange and major banks.

However, the state’s economy is diverse, including finance, technology, commerce, and entertainment. Lagos generates over half of Nigeria’s non-oil GDP and has the largest market in Sub-Saharan Africa. It also handles over 80% of Nigeria’s foreign trade through its ports like Apapa and Tin Can Island.

With resources such as limestone and granite, Lagos supports a robust construction and manufacturing sector. The state government is investing heavily in infrastructure, including the Blue and Red Line Rail Systems to improve transportation.

2. Rivers State

Rivers State, with its capital in Port Harcourt, has a GDP of approximately ₦7.96 trillion (about $19.27 billion). It plays an important part in Nigeria’s oil industry, being one of the leading oil-producing states. The state’s economy relies heavily on oil and natural gas.

Rivers State also has silica deposits used in construction and manufacturing, and agriculture contributes to the economy with crops like cassava, yam, and palm oil.

The Bonny River facilitates maritime trade, and the state is working on pushing its economy by investing in tourism and manufacturing. Infrastructure projects are underway to improve transportation and public services.

3. Akwa Ibom State

Akwa Ibom State, neighboring Rivers State, has a GDP of about ₦7.77 trillion (approximately $19.25 billion). The economy is largely driven by oil production, with significant reserves that provide state revenue and jobs.

Natural gas resources are also being used for energy. Agriculture is essential in Akwa Ibom, with crops like cassava, maize, and palm oil being cultivated.

The state is investing in tourism due to its beautiful coastline and cultural heritage sites. With a population of around 5.5 million, the state is working on balancing its oil-dependent economy with growth in agriculture and tourism.

4. Imo State

Located in southeastern Nigeria, Imo State has a GDP of ₦7.68 trillion (about $19.02 billion). The economy benefits from substantial oil reserves, with over 150 oil wells contributing significantly to revenue.

Agriculture is also essential, with crops like yams, cassava, and palm oil being important. Imo State has mineral resources such as limestone and clay that support local construction activities.

The state government is also focusing on improving infrastructure and education to boost economic growth. Imo State is leveraging its resources to drive sustainable development.

5. Delta State

Delta State, known for its rich cultural heritage and natural resources, has a GDP of around ₦6.19 trillion (approximately $15.33 billion), and the state’s economy is primarily driven by oil production, with major oil fields contributing to Nigeria’s total output.

Delta also has valuable minerals like limestone and kaolin, used in different industries. However, agriculture remains important, with essential crops including cassava, maize, and rice.

The River Niger supports fishing and transportation to improve local economies. Delta State has one of the lowest poverty rates in Nigeria, due to its diverse economic activities and ongoing infrastructure improvements.

6. Anambra State

Anambra state is one of the wealthiest states In Nigeria, with a GDP of over ₦5.14 trillion ($12.73 billion). The state’s economy benefits from its vibrant commercial centers, particularly in Onitsha and Nnewi.

Nnewi is famous for its automobile manufacturing, making it a major car production hub in Nigeria. Anambra also has a strong agricultural sector, growing crops like maize, yam, rice, and cassava, with fishing communities adding to its economic mix.

The state has limestone deposits used in cement production and coal for energy. Anambra’s innovative spirit and continuous invention contribute to its economic growth, which has made it one of the top states in Nigeria by GDP.

7. Ondo State

Ondo State, located in southwestern Nigeria, has a GDP of over ₦5.10 trillion ($12.63 billion). Its economy is based on agriculture, especially cocoa, which is a major export product. Other crops include cassava, oil palm, rubber, and mango.

Despite its oil resources, Ondo’s economy relies more on agriculture. The state is rich in minerals like limestone, silica, clay, and bitumen, supporting its construction and manufacturing industries.

Ondo also has tourism potential with natural attractions and cultural sites. Investments in infrastructure are boosting the tourism sector, which has contributed to its economic growth.

8. Ogun State

Ogun State is also one of the richest states In the country, having a GDP of around ₦5.03 trillion ($12.46 billion). It is one of Nigeria’s most industrialized states, with major manufacturing companies such as Procter & Gamble, Coleman Cables, and Dangote Cement.

Ogun’s strategic location near Lagos and its well-developed transportation network attract industrial investments. The state is rich in limestone, clay, and granite, which support its construction and manufacturing sectors. Agriculture also is important, with crops like cassava, maize, and rice.

9. Bayelsa State

Bayelsa State, in the Niger Delta region, has a GDP of around ₦4.63 trillion ($11.47 billion). The state’s economy is driven by oil and gas, with major oil companies operating there. Despite its dependence on oil, Bayelsa is striving to invest in agriculture and tourism.

Crops such as cassava, rice, and plantain are cultivated, and the fisheries sector is being developed. Bayelsa also explores tourism, with attractions like the Oloibiri oil well and Apoi Creek Forest Reserve. The state’s mineral resources include natural gas and crude oil, crucial for its economy.

10. Niger State

Niger State is the 10th wealthiest state In Nigeria with a GDP of around ₦4.58 trillion ($11.34 billion). Agriculture is the backbone of its economy, with millet, sorghum, and cowpea being major crops.

The state is rich in minerals, particularly gold, which the government is keen to develop. Niger State also benefits from hydropower generation through the Kainji and Shiroro dams.

Despite its potential, challenges like infrastructure deficits and security issues impact its economic growth. However, the state is working to overcome these challenges through different initiatives and partnerships.