“Lagos, Rivers Lead”: Full List of Top Nigerian States With Largest GDP Emerges

“Lagos, Rivers Lead”: Full List of Top Nigerian States With Largest GDP Emerges

  • Lagos State's GDP surpasses that of several Nigerian states combined, reflecting its pivotal role in driving the nation's economic growth and development
  • Rivers state led by Governor Siminalayi Fubara trailed behind Lagos state boasting of a N7.96trn economy
  • The southeast is not left out in the list of the biggest economies in Nigeria as Imo, Delta and Anambra states recorded rapid GDP growth

Legit.ng journalist Esther Odili has over two years of experience covering political parties and movements

Lagos state, under Governor Babajide Sanwo-Olu's leadership, emerges as Nigeria's largest economy by Gross Domestic Product (GDP), boasting N41.17 trillion.

"Lagos State Surpasses All: Emerges as Nigeria's Biggest Economy with N41.17 Trillion GDP"
Lagos leads, while Rivers and Akwa Ibom trail behind in the list of states with the biggest economies in Nigeria. Photo credit: Babajide Sanwo-Olu, Sir Siminalayi Fubara, Pastor Umo Eno
Source: Facebook

The top southwest state in Nigeria, Lagos, is followed by Rivers, Akwa Ibom, Imo state, and Delta states.

As reported by The Cable on Friday, May 3, 2024, Anambra, Ondo, and Ogun states trailed behind N5.14 trillion, N5.10trn, and N5.03trn respectively.

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The report compiled by BudgIT, indicate that Imo and Anambra state are having drastic growth in GDP compared to other states because of the growing natural Gas exploitation that is going on in these states, especially Imo state.

What is Gross Domestic Product (GDP)?

According to the data, GDP is termed as the measure of the monetary value of final goods and services—those that are bought by the final user—produced in a region/country/state in a given period of time (say a quarter or a year). It covers all of the output generated within the borders of a country and also includes some nonmarket production, such as defense or education services provided by the government.

Full list of top Nigerian states by GDP

Below is the list of the 36 states in Nigeria with their ranking according to their economies and developed infrastructure.

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1. Lagos: N41.17trn

2. Rivers: N7.96trn

3. Akwa Ibom: N7.77trn

4. Imo: N7.68trn

5. Delta: N6.19trn

6. Anambra: N5.14trn

7. Ondo: N5.10trn

8. Ogun: N5.03trn

9. Bayelsa: N4.63trn

10. Niger: N4.58trn

11. Kaduna: N4.31trn

12. Benue: N4.27trn

13. Kano: N4.20trn

14. Cross River: N4.07trn

15. Edo: N3.99trn

16. Kogi: N3.69trn

17. Oyo: N3.65trn

18. Abia: N3.53trn

19. Katsina: N3.32trn

20. Sokoto: N2.85trn

21. Adamawa: N2.66trn

22. Bauchi: N2.63trn

23. Ekiti: N2.35trn

24. Osun: N2.30trn

25. Ebonyi: N2.24trn

26. Jigawa: N2.16trn

27. Gombe: N2.10trn

28. Taraba: N2.04trn

29. Borno: N1.96trn

30. Nasarawa: N1.86trn

31. Kebbi: N1.80trn

32. Zamfara: N1.73trn

33. Plateau: N1.50trn

34. Enugu: N1.45trn

35. Kwara: N1.38trn

36. Yobe: N1.09trn

FG settles necessary debt with domestic creditor

In another development, Legit.ng reported that reported that the Nigerian government allocated about N4.83 trillion from the earnings of Nigerian Treasury Bills (NTBs) and Bonds issued in 2024 to settle the Ways and Means advances from the Central Bank of Nigeria (CBN).

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The minister of finance and coordinating minister of the economy, Wale Edun, stated this during his presentation at the Lagos Business School breakfast club.

In 2023, the Nigerian government obtained about N2.94 trillion from the apex bank via the Ways and Means advances to service domestic debts.

Source: Legit.ng

Authors:
Esther Odili avatar

Esther Odili (Politics and Current Affairs Editor) Esther Odili is a journalist and a Politics/Current Affairs Editor at Legit.ng with 6+ years of experience. Before joining Legit.ng, Esther has worked with other reputable media houses, such as the New Telegraph newspaper and Galaxy Television. She Holds OND and HND in Mass Communication from NIJ, where she was recognized as the best student in print journalism in 2018. Email: esther.odili@corp.legit.ng.

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