INFORMATION:Richest state in nigeria.

See Top Richest States in Nigeria according to (NBS) statistics

are you interested in knowing how rich your state is then this article is for you or knowing how rich states of nigeria are then continue reading as we will bring index extensive of how rich nigeria states are.

over some times nigeria has experience a shake in the economy as the barrel of oil exported in a day have drastically reduce but Nigeria is arguably one of the richest country in Africa and endowed

which naturally resource although Many states in Nigeria have shown to contribute more to the federal government revenue as well as to their respective state revenue than others.

So, today I will consider the top richest state in Nigeria 2016 based on the Internally Generated Revenue (IGR) of each state in accordance with National Bureau of statistics. This list does not take into account each state’s

1 Sustainability index.
2. Recurrent expenditure.
3. Total debt stock.

it will be of great importance to know the meaning of IGR of a state, By a simple definition, Internal Generated Revenue is an amount a state makes in a given year.

Here below is list of top richest state in Nigeria by IGR. The IGR of the 36 states of the federation totalled N682.67 billion in 2015 as compared to N707.85 billion in 2014, a drop of N25.18 billion or a minus 3.56 percent.

Lagos state

On the topmost of the list of the richest in Nigeria 2016 is Lagos State. Lagos State retains its number one position in IGR with a total revenue generation of N268.22bn in the twelve months of last year. Lagos State generates more IGR than 32 States combined. The latest report on IGR reveals that only Lagos State generated more revenue than its allocation from the Federation Account by 150% and no any other state in Nigeria has up to 100% of IGR to the federal Govrnment. The report further indicates that the IGR of Lagos State of N268bn is higher than that of 32 States combined together excluding Rivers, Delta and Ogun whose IGRs are very impressive.so Lagos state the center of excellence is the richest state in Nigeria.