Richest Oil Producing States In Nigeria 2021

In this write up, we will look at the richest oil producing states in Nigeria and see the position each state occupies.

It is without doubt that Nigerian is a blessed nation when it comes to natural resources, most especially oil.

With about 9 out of its 36 states currently in the production of oil and gas, the nation is among the highest oil producers in the world.

As a matter of fact, when we talk about highest oil producing countries in the world, Nigerian is ranked at number 1 in Africa and number 6th all over the world.

Put together, the top 9 producers (states) of oil in Nigeria produces about 2.7 million barrels per day. That is one major reason organisation like OPEC will always have Nigeria as its member?

So which state exactly is the largest oil producing state in the country and which among them is the richest? You asked. You will find this as you proceed.

Richest Oil Producing States In Nigeria {Top 9}

Below are the 9 states producing oil in Nigeria arranged in a chronological order beginning with the richest among them.

1.) Lagos State

It is presently the richest state in Nigeria producing oil. It has a GDP of about $33.679 million (as of 2017). Due its industrial and commercial activities, Lagos is popularly referred to as the economic capital of Nigeria.

The state produces about 40,000 barrels of crude oil per day, making it the 6th largest oil producer in the country.

With over 20 million people living in it, the state is among the most populated places in Africa and all over the world.

2.) Rivers State

With a GDP of about $21.073 million, Rivers State is the second richest oil producer in country.

As a matter of fact, the state was once the highest oil producing state in Nigeria before being displaced by the present crude oil capital of Nigeria, Akwa Ibom and Delta.

Nevertheless, the state is still among the highest producers of the natural resources and is presently ranked at number 3 in terms of production.

Located within the Niger Delta region, the state is home to over 5 million people. The capital Port Harcourt is one of the most populated cities of Nigeria.

With about 344,000 barrels of crude oil produced daily, the state accounts for about 21.43 percent of the total amount produced all over the country.

This rich state is home to the Ikwerre People, the Kalabari, Okrika, Ubani and Upobo. The capital Port Harcourt is one of those places you must visit before you get older.

3.) Delta State

If you have heard of the beautiful women of the Urhobos or the unique cultures of the Itsekiris and Isokos, Delta State is where to find them.

Dominated by the afore mentioned ethnic groups, the state is home to over 4 million people. With cities like Asaba ( the capital), Warri and Sapele, the state is one of the most popular and richest in the country.

When it comes to oil production, Delta State produces about 346,000 barrels per day, making it the second highest oil and gas producing state in Nigeria and as well the third richest of them all.

The state accounts for about 31.4 percent of the total amount of crude oil produced all over the country daily and has a GDP of about $16.749 million.

4.) Imo State

Blessed with a whole lot of natural resources, Imo is the richest state in the south eastern region of Nigeria. The state has a GDP of $14.212 million, making it the 4th richest oil producing state in the country.

The state produces about 17,000 barrels of crude oil per day and is the 8 highest producer of the same in Nigeria.

Owerri, the political capital of the state, is also the commercial centre of the state. The city is quite populated and is among the most developed cities in Nigeria.

Imo State is an Igbo dominated state and is one of the oldest states in the country (in terms of creation).

5.) Edo State

With a GDP of $11.888 million, Edo State is the fifth richest producer of oil in the country. The state produces about 33,000 barrels of crude oil daily, making it the 7th highest producer of the natural deposit in Nigeria.

The state is blessed with a population of over 3 million people and its capital Benin City is among the most populated cities in Nigeria.

Edo State has quite a good number of academic institutions like the popular University of Benin, Auchi Polytechnic and several others.

6.) Akwa Ibom State

Located in the Niger Delta region of Nigeria, this state is the headquarters of oil and gas production in the country.

No state in the country produces as much oil as Akwa Ibom. With over 504,000 barrels produced daily, the state accounts for about 31.4% of the total amount of oil produced all over the country.

Talk about the richest states producing oil in Nigeria and Akwa Ibom is still among the top 7 of them with a GDP of about $11.179 million. its capital city, Uyo is among the most developed and beautiful cities in Nigeria presently.

Akwa ibom is blessed with an airport and a state owned airline “Ibom Air” plus a very good road network.

It is one of those places you must visit in Nigeria if coming to the country for the first as a tourist.

The state is blessed with a massive population of about 5 million people (enough to form a country, Lol) and is mostly made up of three ethnic groups: Anang, Ibibio and Oron.

7.) Abia State

Just like Imo, Abia State is home to the Igbo people of Nigeria. The state has Aba and Umuahia as its major cities with the later being the capital. It has a GDP of $8.687 million.

Abia state produces about 11,000 barrels of oil per day and is the least producer of oil in the list presently.

The state has great academic centres like Abia State University, Uturu, and AbiaPoly, Aba.

8.) Ondo State

With a GDP of about $8.414 million, Ondo State is ranked at number 8 in the list of the top richest oil producers in the country.

Dominated by the Yorubas with the Ijaws as minorities, Ondo is a south western state in Nigeria. The state produces about 60,000 barrels daily, making it the 5th highest oil producing state in the country.

The capital of Ondo State, Akure, is one of the biggest cities in Nigeria presently.

9.) Bayelsa State

Home to the former president of Nigeria, Dr. Goodluck Ebele Jonathan and the great people of Epie-Atissa, Izon, Nembe and Ogobia, Bayelsa is one of the richest oil producing state in the country.

As a matter of fact, reports has it that it was in Bayelsa that oil was first discovered in large quantity in the year 1959. as of this moment, the state accounts for about 18.07 percent of the total crude oil produced in Nigeria with the 290,000 barrels produced daily in it.

Though not as populated as the others before it, the capital Yenagoa is quite populated. According to the last census, the state has about 1.9 million people living within it.

The state has a GDP of about $4.337 million, making it the 9th richest oil producing state in the country.

Final Statement

As you can see above, this is not just a write up about the richest oil producing states in Nigeria but also the highest producers of crude oil in the country.

Adebisi Frank

Hi Guys! My name is Adebisi Frank. This website is where I share how much Nigerians of different professions and industries makes and how much the top ones are worth.