Industrial states are the most important money bringers in Nigeria. The country currently has 36 states, and this article will tell you about the top 10 industrialized ones that contribute the most to the treasury of the nation. Keep reading to learn more.
Top 10 most industrial states in Nigeria
10. Imo State
This state is located in the South-East of Nigeria; it was created in 1976. Even though majority of the economic activities in the area bother around agriculture, you can still find a lot of investment opportunities here. This state is rich in various natural resources like zinc, oil and gas. You can find over 160 oil wells in Imo State. The main players of the petroleum business in the region are Royal Dutch Shell, Chevron, Agip and Addax Petroleum.
A lot of investors channel their money into gas-fired power plants, brewery plants, starch production, ceramics, fruits and vegetables production, etc. The state has great business potential.
9. Osun State
This state is located in the South-West part of Nigeria; it is a perfect place for various business ventures. Osun State is one of the centers for the chemical industry of Nigeria. You can find a lot of manufacturing investment opportunities here. The most prominent industries in the area include Samtop Paint Chemical Industries, Criss Cross Integrated Services, Webring Integrated Services Limited, etc.
The most promising industry in the state is the Cocoa Industry, which processes over 20,000 tonnes of cocoa daily.
8. Akwa Ibom State
This state is located in the coastal region of southern Nigeria. It has a population of over 5m people. Akwa Ibom state launched the first Electric Metering Industry in Nigeria. The main idea of this industry is to reduce the high cost of electricity in the state.
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This state is also home for various chemical industries in the southern region of Nigeria. The state harbors the toothpick and pencil industries. Do not forget that it is also one of the highest oil and gas producing states in the country.
7. Kano State
Kano state can be considered the most industrialized state in the north of Nigeria. Some people refer to it as the largest industrial center after Lagos State. Kano State currently has over one hundred different industries. These industries include animal feed, dairy products, vegetable oil, food, soft drinks, furniture, ceramics, рharmaceutical, enamelware, plastics, footwear, textile, cosmetics and tanning industries.
6. Oyo State
Oyo state is home to one of the largest tobacco companies in the country. It holds a lot of juicy investment opportunities and is also one of the largest agricultural centers in the country!
5. Abia State
Abia state is located in the South East of Nigeria; it is a former British Colonial outpost. This state was created in 1991. One of the most prominent industries in the region is the gas and crude oil production industry. As at today, this state contributes about 2% of the country`s GDP.
The industrial center of Abia state is Aba. It holds different industries like cosmetics, footwear, cement, plastics, soap, рharmaceuticals and textile industries. Agriculture is the biggest employer of the workforce in the region. About 70% of people in the state work in the agricultural sector.
4. Anambra State
This is another industrial centre located in the South-East of Nigeria. The capital of Anambra state is Awka; this state is one of the biggest oil and gas exploration areas in the country, you can find a lot of natural resources like ceramic, bauxite, crude oil and natural gas here. The biggest oil and gas company in the region is the Orient Petroleum Refinery which is currently the largest private indigenous oil refinery in Nigeria.
3. Ogun State
Ogun state is located in the south-western region of the country; it is called the Gateway to Nigeria. It is home to a lot of industries including food, textile, ceramic and beverage industries. It is a perfect place to invest money in Nigeria.
2. Rivers State
Rivers state is second on the list of top industrialized states in Nigeria! The capital and largest city of the state is Port Harcourt, it is also one of the most significant cities in Nigeria! Rivers State is one of the biggest suppliers of income to the nation. The state is rich in natural resources like oil and gas.
Rivers state was the richest import sector of the British Empire. As at today, around 60% of crude oil is produced in the state. Energy is another key factor for the economic growth of the region. This state is the highest consumer of electricity in the country. Nonetheless, the authorities of the state also try to find alternative sources of energy, like introducing the use of solar power.
1. Lagos State
This is the heart of commerce and industry in Nigeria! It is the most economically important state of the country and has hundreds of industries. It is also the center of innovation and IT technologies in the country.
These 10 states discussed in this article provide the biggest revenues in the country! Nigeria is one of the biggest and most industrialized countries in Africa, therefore, it has a promising future that will keep growing if the political atmosphere can support its development. However, it also depends on some international economic factors.
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