Top 10 Richest LGAs In Nigeria

This is the most comprehensive list of the top 10 richest local government areas In Nigeria based on their economic health and social factors like infrastructure, health, and education:

Rank	Local Government Area	State	GDP (USD)	Notable Economic Activities
1	Lagos Island	Lagos	$30 billion	Finance, commerce, tourism
2	Ikeja	Lagos	$19 billion	Commerce, real estate, transportation
3	Abuja Municipal Area Council	FCT	$12 billion	Government services, commerce
4	Obio-Akpor	Rivers	$10 billion	Oil and gas, manufacturing
5	Uyo	Akwa Ibom	$8 billion	Oil and gas, tourism, commerce
6	Alimosho	Lagos	$7 billion	Commerce, real estate
7	Eti-Osa	Lagos	$6 billion	Finance, real estate, entertainment
8	Port Harcourt	Rivers	$5.5 billion	Oil and gas, commerce
9	Calabar Municipal	Cross River	$5 billion	Tourism, industry, commerce
10	Ifako-Ijaiye	Lagos	$4.5 billion	Real estate, commerce

1. Lagos Island, Lagos – $30 Billion

Lagos Island is one of the richest Local Government Areas (LGAs) in Nigeria, boasting a GDP of $30 billion. This area is the financial hub of the country, hosting major banks, corporate offices, and the Nigerian Stock Exchange.

It is a hub for both local and international investors because of its busy markets and business districts. Tourism also plays a big part in Lagos Island’s economy.

Visitors come to see attractions like the National Museum and Lekki Conservation Centre. The area’s nightlife, along with a wide range of food options, adds to its appeal.

Lagos Island has a well-developed infrastructure, with good roads, public transport, and communication systems that support its business activities. It is also home to high-end residential areas and luxury hotels that cater to both business travelers and tourists.

2. Ikeja, Lagos – $19 Billion

Ikeja, the capital of Lagos State, has a GDP of about $19 billion. This area is known for its commercial energy and serves as a central business hub.

Ikeja is home to many companies, ranging from small businesses to large corporations in sectors like commerce, real estate, and transportation.

One of Ikeja’s main attractions is the Murtala Muhammed International Airport, which makes it an important transport center in Nigeria.

Real estate is also booming there due to the high demand for both residential and commercial properties. Ikeja City Mall, one of the largest shopping centers in the country, draws visitors from all over.

Ikeja’s well-developed infrastructure, with its connected road networks and numerous businesses, makes it a great area for business activities. It’s also home to several government institutions and schools.

3. Abuja Municipal Area Council (AMAC), FCT – $12 Billion

AMAC, located in the Federal Capital Territory, has a GDP of $12 billion. As the political center of Nigeria, it houses key government institutions like the Presidential Complex and the National Assembly.

Its economy thrives on government services and administrative activities. Real estate is a major part of AMAC’s economy, with modern infrastructure including office buildings, residential estates, and well-planned roads.

It is a prime location for diplomats, international organizations, and business travelers. AMAC also boasts a lively hospitality sector, with many hotels serving government officials and tourists.

4. Obio-Akpor, Rivers – $10 Billion

Obio-Akpor, in Rivers State, is one of the wealthiest LGA in Nigeria with a GDP of about $10 billion. This local government area is mainly known for its oil and gas industry, which plays a huge role in Nigeria’s economy.

It is a major hub for petroleum production. In addition to oil, Obio-Akpor has a growing manufacturing sector, creating jobs and helping change the economy.

Its proximity to Port Harcourt, a major port city, also boosts trade and transportation of goods. The local government strives to improve infrastructure, such as roads and public utilities, to support business growth. Educational institutions also provide skilled workers, making Obio-Akpor a wealthy and industrially diverse area.

5. Uyo, Akwa Ibom – $8 Billion

Uyo, the capital of Akwa Ibom State, has a diverse economy that includes oil and gas, tourism, agriculture, and commerce. The presence of major oil companies has boosted Uyo’s economy.

Tourism also contributes to Uyo’s wealth, with popular spots like the Ibom Tropicana Entertainment Centre attracting many visitors.

Education is another key sector in Uyo, with institutions like the University of Uyo playing a part in developing local talent.

The local government has focused on building infrastructure to support economic activities. This includes improving roads and public services to make Uyo more attractive for businesses and investors.

6. Alimosho, Lagos – $7 Billion

Alimosho is one of the largest Local Government Areas (LGA) in Lagos State, with a GDP of about $7 billion. This LGA is known for its bustling markets, such as Igando and Egbeda markets, where local trade flourishes.

The economy of Alimosho is driven primarily by commerce and real estate. In recent years, real estate development has taken off, with new residential estates and commercial properties rising rapidly.

Alimosho’s strategic location and well-connected roads make it a prime area for businesses and residents. The rush of people seeking affordable housing has significantly increased property values.

7. Eti-Osa, Lagos – $6 Billion

Eti-Osa is one of the most cash-rich LGAs in Lagos, with a GDP of around $6 billion. It includes some of Nigeria’s wealthiest neighborhoods like Victoria Island, Ikoyi, and Lekki.

Eti-Osa is famous for its luxurious real estate, financial hubs, and high standard of living. Many major financial institutions, multinational companies, and upscale entertainment spots are located there, which has made it a commercial and entertainment center.

The real estate sector is highly valuable, with properties in this area among the most expensive in the country. Tourism also thrives in Eti-Osa, with attractions like Lekki Conservation Centre and beautiful beaches drawing visitors. The LGA continuously invests in infrastructure to support its growth.

8. Port Harcourt, Rivers – $5.5 Billion

Port Harcourt, known as Nigeria’s oil capital, is a hub for the country’s oil and gas industries. Many multinational oil companies operate in the region, driving its economy.

However, Port Harcourt’s wealth isn’t limited to oil. Commerce and trade are also essential, with different markets and businesses adding to its economy.

Over the years, Port Harcourt has witnessed considerable infrastructure development that has helped improve transportation and business activities.

In addition, Port Harcourt is a cultural hub, hosting events like the Port Harcourt Carnival, which attracts both locals and tourists.

9. Calabar Municipal, Cross River – $5 Billion

Calabar Municipal has an estimated GDP of $5 billion. It is often called Nigeria’s tourism capital due to its rich cultural heritage and natural beauty.

Attractions like the Calabar Carnival and clean streets make it a popular destination for tourists. Tourism is the leading economic driver in the area, with ecotourism and annual festivals drawing large crowds.

The LGA’s scenic environment also allows for activities like hiking and wildlife exploration in nearby parks. Calabar’s economy is also supported by small-scale industries like palm oil production.

10. Ifako-Ijaiye, Lagos – $4.5 Billion

Ifako-Ijaiye is a rapidly urbanizing LGA in Lagos State, with a GDP of $4.5 billion. Its economy thrives on real estate development and commerce.

Due to its proximity to major economic zones in Lagos, real estate has seen a boom in recent years. With more residential estates and properties being developed, property values have been steadily increasing.

The local markets also play a major part in the economy, with traders offering goods to boost local business. Ifako-Ijaiye has also invested in infrastructure, including roads and utilities, to support its growing population.