Top 10 Richest Local Government Areas in Nigeria

In Nigeria, we usually judge how rich a local government area is by looking at things like minerals, oil, good land for farming, and if they’re in a good spot for businesses to come in. There are 774 local governments, and they play a big part in the country’s economic growth. Factors such as ecological footprint, life expectancy, inequality, and overall well-being help evaluate the wealth of a local government area (LGA).

It is important to note that there is no official data on the GDP of LGAs in Nigeria. The above estimates are based on a variety of sources, including the National Bureau of Statistics, the World Bank, and private sector research firms.

Hence, we will now go on to look into the top 10 richest LGAs in Nigeria, offering insights into their economic strength, defining characteristics, and noteworthy activities.

Top 10 Richest Local Government Areas in Nigeria

  1. Lagos Island:

This area is located in Lagos, with a GDP of $30 billion and a population of 315,000. Lagos Island, which spans 9.26 square kilometres, stands tall as the pinnacle of opulence.

The city’s main economic activities are in finance, real estate, stores, and tourism. These jobs make it a busy place for both money and business.

  1. Ikeja:

Ikeja boasts a GDP of $19 billion, a population of 470,000, and an area of 49.92 square kilometers. Ikeja is the capital of Lagos State.

The city is well-known for businesses such as airlines, aviation, hospitality, and retail.

    3. Abuja Municipal Area Council:

Abuja’s GDP is $12 billion and spans 1476 square kilometers. It prides itself on being Nigeria’s capital. Its economic activities include real estate, hospitality, and government services.

  1. Eti-Osa:

Eti-Osa prides itself on having a massive GDP of $10 billion, a population of 420,000, and a land area of 174.9 square kilometres. It has a strong foothold in commerce.

  1. Uyo:

Uyo is Akwa Ibom State’s state capital. It has a GDP of $8 billion, a population of 598,000, and an expanse of 362 square kilometres.

  1. Obio-Akpor:

Obio-Akpor is a local government area in the metropolis of Port Harcourt, one of the major centres of economic activity in Nigeria. It has a GDP of $8 billion, a population of 880,000, and a land area of 260 square kilometers. The people of the Ikwerre ethnic nationality mainly constitute Obio-Akpor.

  1. Bonny Island:

Bonny Islanis located oncated on the southern edge of Rivers State in NigeriNigeria’s Niger Delta region Harcourt.

  1. Ibadan Northwest:

This is one of the traditional states in Nigeria. It has a GDP of $6 billion, a population of 220,000, and a sprawling 3080 square kilometres.

  1. Calabar Municipal:

Calabar Municipal is a local government area of Cross River State, Nigeria. Its headquarters are located in Calabar. It has a GDP of $5 billion, a population of 372,000, and an area of 142 square kilometres.

  1. Apapa:

Apapa is a local government area in Lagos, situated west of Lagos Island. It has a GDP of $5 billion, a population of 330,000, and covers an area of 40.4 square kilometres in Lagos State.

FINAL THOUGHT:

This article has surely covered the list of Nigeria’s richest local government areas, illuminating their importance and impact on the nation’s economic development.

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