Nigeria is one of the richest and largest countries in Africa. It’s said to be the "Giant of Africa" as the country is blessed with numerous human and natural resources that span across the 36 states in the country. Over the years the population of the country has increased. Nigerian’s population in 2020 is 206 million.
The country has experienced growth in some sectors of the economy. According to economic experts, the total GDP (gross domestic product) is expected to reach $250.00 billion by the end of 2020. Here, Gross domestic product refers to the final value of goods and services that were produced within the country during a specified period of time, usually a year. With the country's total GDP, there are some states that generate more revenue than others. They happen to be the richest state in Nigeria as they can almost survive without allocation from the Federal Government.
Now the question is: Do you know the richest state in Nigeria today?
You're about to find the answer in this post, as Naijauto.com highlights the richest states in the country. This is based on the internally generated revenue (IGR) in 2019, apart from the Federal Government allocation.
Top ten richest states in Nigeria and the most popular cars there
1. Lagos state - IGR: ₦399 billion
No doubt, Lagos state is the most richest state in Nigeria. It’s also the most developed, smallest, and densely populated as well. The current population in 2020 is 14.3 million people. Lagos state is located in the South West region with a landmass of 3,577 km². There are five administrative divisions in the state, which are further divided into 37 Local Government Areas.
Lagos state is the major economic hub in Nigeria and the fifth-largest in Africa. No wonder their IGR tops that most. It's home to many manufacturing, music, technological, banking, and fashion industries that are booming across the country. The state has all the ingredients for success so it's not surprising many folks troop into Lagos in search of greener pastures.
Most popular cars in Lagos states
With the state densely populated, there is an influx of vehicles. The state government reported that over 1.6 million vehicles ply the road on a daily basis. The most popular cars you can find on Lagos roads are:
The Toyota Camry, Toyota Prado, Lexus RX350, Range Rover, Honda Accord, Mercedes-Benz, Toyota Highlander, Ford Edge, Honda Pilot, Toyota Sienna, and Toyota Corolla.
Lagos State is the major economic hub in Nigeria!
>>> See all cars for sale in Lagos here!
2. Rivers state - IGR: ₦140 billion
Rivers is unarguably one of the richest states in Nigeria, having generated ₦140 billion in 2019. The state is situated in the South-South region. It covers an area of 11,077 km with a population of 5.2 million people. There’s a vast reserve of crude oil deposits and natural gas in Rivers State which accounts for more than 60% of the crude oil produced in Nigeria.
Rivers State is an important aspect of the Nigerian economy. There’s a huge dependence on crude oil as a means of generating revenue in the country, so Rivers is the center for oil and gas. Many oil and gas companies are majorly sited in the state that has 23 Local Government Areas.
The oil and gas state houses many MDs, CEOs, and employees of the oil and gas sector.
Most popular cars in Rivers state
Visiting the state for the first time, you're likely to see popular cars on the road like the Toyota Prado, Toyota Camry, Mercedes-Benz, Toyota Corolla, Lexus RX350, Range Rover, and Toyota Highlander.
Rivers State is the center for oil and gas in Nigeria!
>>> See all cars for sale in Rivers state here!
3. Ogun state - IGR: ₦71 billion
According to the National Bureau of statistics, Ogun’s internally generated revenue in 2019 was ₦71 billion. The state is in the Southwestern part of the country and covers a landmass of 16,432 km². Ogun state has a population of 7.1 million people in 2016.
Ogun state is blessed with abundant natural resources, as well as mineral deposits like crude oil that is available in commercial quantities. The state is said to be the largest producer of cement in Nigeria. It’s also known to have clusters of industrial estates. Ogun is one of the states with the largest concentration of manufacturing companies such as Dangote, Procter and Gamble, amongst others.
Most popular cars in Ogun sate
Ogun is highly concentrated with industries meaning that there will be many vehicles plying the road. The most popular cars that are seen there are the Toyota Camry, Honda Accord, Toyota Highlander, Toyota Sienna, Toyota Corolla, Lexus RX350, and Toyota Prado.
Ogun State is among the states with the largest concentration of industries!
>>> Check out all cars for sale in Ogun state!
4. Delta state - IGR: ₦65 billion
This isn't coming as a surprise to many people that Delta state got a spot on the top 5 richest state in Nigeria. The state happens to be the third-largest producer of oil in Nigeria.
Delta state is located in the South region of the country. It covers a territory of 18,050 km² of which 60% of it is land. With a population of 4.1 million people, the state was able to generate ₦65 billion.
Delta is a state that's rich in natural resources. It’s among the Niger-Delta states with the largest deposit of natural gas and crude oil. The state is also an agricultural producing state. Delta consists of 25 local government areas and has historical and cultural tourist centers that draw visitors from around the world.
Most popular cars in Delta state
As an oil-rich state, many residents drive exotic cars. An example is the rich billionaire Ned Nwoko whose love for luxurious whips like the Ferrari is second to none.
These are the popular cars that residents own in Delta State. They include the Toyota Camry, Toyota Highlander, Mercedes-Benz, Lexus RX350, Range Rover, Toyota Rav4, Honda Pilot, and Toyota Prado.
Delta State is one of the states with the largest deposit of natural gas and crude oil!
>>> You might also like to check out all cars for sale in Delta state.
5. Kaduna state - IGR: ₦44 billion
Kaduna is the first state from the Northern region to make the list of the richest state in Nigeria in 2020. Located in the Northern West part of Nigeria, Kaduna state covers a surface area of 46,053 km², thus making it the 4th state with the largest surface area. The state's population in 2016 is 8.2 million people. Kaduna has 23 local government areas with close to 59-63 different ethnic groups.
With revenue of ₦44 billion, Kaduna state makes up about 3.3% of Nigerian's GDP. The state produces cotton and groundnut meant for exportation and domestic usage.
Kaduna state is the major industrial, financial and commercial center for northern states in the country. It’s also the hub for construction companies with heavy production of steel and aluminum products.
Most popular cars in Kaduna state
The residents of Kaduna drive the following popular cars: The Toyota Camry, Toyota Highlander, Kia Rio, Toyota Corolla, Volkswagen Golf, Honda Accord, and Lexus RX350.
Kaduna is the richest Northern state in Nigeria!
>>> Look! Here are all cars for sale in Kaduna state!
6. Kano state - IGR: ₦40 billion
Kano is among the richest and largest state in the Northern zone. The state has a landmass of 20,131 km². With an estimated population of 13 million people, it’s the second-largest city in the country. Kano state has 44 local government areas, making it the state with the highest number of local government areas in Nigeria.
Having generated ₦40 billion, Kano state is one of the major commercial hubs in the North. The state is known to be the major producer and exporter of skin and hides. It also makes textiles, cotton, and grains. Kano’s economy depends on trade, retail, and services.
Most popular cars in Kano state
With its large population, Kano has many residents who own cars. The most popular cars you can find on Kano roads are Toyota Highlander, Toyota Camry, Toyota Corolla, Toyota Prado, Kia Rio, Volkswagen Golf, Honda Accord, Toyota Rav4, and Honda Pilot.
Kano State is a major producer and exporter of skin and hides!
>>> Also see cars for sale in Kano state!
>>> Talking about the richest states, you might like to check out the state with the most expensive cars in Nigeria: Lagos or Abuja? Which state has the most expensive cars in Nigeria?
7. Akwa Ibom - IGR: ₦32 billion
Akwa Ibom can be found in the coastal Southern part of Nigeria. The state covers a surface area of 7,249 km². There are over 5 million people residents in Akwa Ibom as of 2016. Though there are 31 LGAs, about 13.4% of Nigerian's Atlantic Ocean is said to run through the state.
At present, Akwa Ibom is the highest producer of oil and gas in Nigeria. The main economic activities of the state are fishing, farming, trading, and white-collar jobs. Culture and tourism thrive in the state as there is a regular influx of local and international tourists into the state.
Most popular cars in Akwa Ibom state
This highest oil-producing state is rich enough to have a huge number of residents who own cars. The most popular cars that ply its roads include the Toyota Camry, Toyota Highlander, Lexus RX350, Toyota Prado, Toyota Corolla, and Honda Accord.
Akwa Ibom is home to culture and tourism in Nigeria!
>>> See all cars for sale in Akwa Ibom here!
8. Enugu state - IGR: ₦31 billion
Enugu is the first state from the Southeastern region to make the list of the top ten richest state in Nigeria. Carved out from the old Anambra State, Enugu state is located at the foot of the Udi Plateau. It covers a surface area of 7,161 km² and has a population of 4.4 million people, with 17 LGAs.
Enugu state is among the biggest commercial cities in Africa. It’s a coal city as coal was discovered in the state. The first shipment of coals from Nigeria was made at Enugu state. Economically, the state engages in farming, trading, and services.
Most popular cars in Enugu state
The state is also home to many rich Nigerian celebrities like Phyno who recently acquired a Maserati Ghibli 4-door luxury sedan worth ₦29 million. The most popular cars that ply the roads in Enugu include the Toyota Camry, Toyota Prado, Lexus RX350, Range Rover, Honda Accord, Mercedes-Benz, Toyota Highlander, Honda Pilot, Toyota Sienna, and Toyota Corolla.
Enugu is among the top ten richest states in Nigeria!
>>> Check out our cars for sale in Enugu here!
9. Kwara state- IGR: ₦31 billion
Kwara state is located in the North Central part of the country. The state has a large surface area covering 36,825 km² with a population of 3.1 million people as of 2016. Having only 16 local government areas, Kwara state was able to generate ₦31 billion in 2019.
The state is known to have numerous mineral resources and deposits like tourmaline, tantalite, gold, kola nut, cocoa, among others. The main source of income for the economy is agriculture coupled with the different manufacturing industries in the state.
Most popular cars in Kwara state
The popular cars you can find on the streets of Kwara are the Toyota Highlander, Toyota Camry, Toyota Corolla, Toyota Prado, Kia Rio, Volkswagen Golf, Honda Accord, Toyota Rav4, and Honda Pilot.
Kwara State has numerous mineral resources and deposits!
>>> Also check out cars for sale in Kwara state!
10. Ondo state- IGR: ₦30 billion
The internally generated revenue of Ondo state 2019 was ₦30 billion. The state is situated in the Southwestern region of Nigeria. It has a projected population of about 4.6 million in a territory that's covering a land area of 15,500 km².
The main source of income for the state with 18 LGAs is agriculture. Some of the agricultural products exported by Ogun state to other countries include cashew, palm oil, plantain, maize, etc.
Most popular cars in Onda state
Ondo State has the following popular cars owned by its residents: the Toyota Camry, Honda Accord, Toyota Highlander, Toyota Sienna, Toyota Corolla, Lexus RX350, and Toyota Prado.
Ondo State generated ₦30 billion in 2019!
The Toyota Sienna is the most popular minivans in Ondo state!
>>> Check out all cars for sale in Ondo state!
List of top ten richest states in Nigeria
|No||State||Internally Generated Revenue (2019)|
|1||Lagos State||₦399 billion|
|2||Rivers State||₦140 billion|
|3||Ogun State||₦71 billion|
|4||Delta State||₦65 billion|
|5||Kaduna State||₦44 billion|
|6||Kano State||₦40 billion|
|7||Akwa Ibom State||₦32 billion|
|8||Enugu State||₦31 billion|
|9||Kwara State||₦31 billion|
|10||Ondo State||₦30 billion|
The richest states in Nigeria were drawn from the data made available by the Nigerian Bureau of Statistics on how states generated their revenue for the year 2019.
Thank you all for reading this article on the Richest states in Nigeria. For more article like this, make sure to stay tuned with us on Naijauto.com.
>>> On Naijauto.com, we bring you the hottest and latest car news!