Nigeria is a vast country with over 700 local government areas (LGAs), each playing a critical role in the nation’s socio-economic landscape. If you’ve been asking, “Which are the richest local government areas in Nigeria 2025?” or “What is the net worth of Nigeria’s wealthiest LGAs this year?” this comprehensive guide provides all the answers. We break down the top richest local government areas, their sources of wealth, dominant industries, and how they contribute to Nigeria’s economy.
Why Focus on the Richest Local Government Areas in Nigeria 2025?
Understanding the richest local government areas in Nigeria 2025 offers insight into where economic activities and wealth concentration thrive at the grassroots level. These LGAs not only attract business investments but also influence regional development, infrastructure projects, and employment opportunities. By focusing on these LGAs, we get a clearer picture of Nigeria’s economic diversity and potential.
Top Richest Local Government Areas in Nigeria 2025 (Updated List)
Here’s a detailed and updated ranking of Nigeria’s wealthiest local government areas based on economic output, investment levels, natural resources, and business activities.
1. Lagos Mainland Local Government Area — Net Worth: Over ₦3 Trillion
Lagos Mainland LGA is a commercial powerhouse with bustling markets, corporate offices, and industrial zones.
Key wealth drivers:
Commerce and retail hubs like Balogun Market
Real estate developments and commercial properties
Financial institutions and service industries
Transportation and logistics
Lagos Mainland stands as a critical economic nerve center in Nigeria.
2. Ikeja Local Government Area — Net Worth: ₦2.5 Trillion
Ikeja is the capital of Lagos State and home to many multinational corporations, tech hubs, and industrial estates.
Revenue sources:
Corporate headquarters and business districts
Industrial manufacturing zones
Real estate investments
Tech startups and innovation centers
Ikeja’s dynamic economy fuels its rich status.
3. Port Harcourt Local Government Area — Net Worth: ₦2 Trillion
Port Harcourt LGA is the heart of Nigeria’s oil and gas industry, benefiting from petroleum-related business activities.
Main income streams:
Oil company offices and facilities
Maritime and logistics services
Real estate and hospitality
Trade and commerce
Port Harcourt’s wealth ties closely to Nigeria’s energy sector.
4. Onitsha North Local Government Area — Net Worth: ₦1.8 Trillion
Onitsha North is famous for its massive markets and trade activities, making it a commercial hotspot in southeastern Nigeria.
Wealth drivers:
Onitsha Main Market, one of Africa’s largest
Wholesale and retail trade
Transportation services
Real estate developments
Onitsha’s strategic location boosts its economic power.
5. Alimosho Local Government Area — Net Worth: ₦1.5 Trillion
Alimosho LGA is one of Lagos State’s most populous areas with growing industrial and commercial activities.
Revenue sources:
Manufacturing and small-scale industries
Trade and retail outlets
Real estate and housing developments
Informal sector businesses
Alimosho’s vibrant economy continues to expand.
6. Aba North Local Government Area — Net Worth: ₦1.2 Trillion
Aba North is a commercial and industrial hub in Abia State known for manufacturing and trade.
Key wealth sources:
Manufacturing of textiles, footwear, and leather goods
Markets and trade centers
Transportation and logistics
Small and medium enterprises (SMEs)
Aba North’s entrepreneurial spirit drives its wealth.
7. Surulere Local Government Area — Net Worth: ₦1 Trillion
Surulere in Lagos is a blend of residential, commercial, and entertainment districts.
Income streams:
Retail businesses and markets
Entertainment and media industry
Real estate investments
Service industries
Surulere’s diverse economy sustains its financial strength.
8. Ojo Local Government Area — Net Worth: ₦900 Billion
Ojo LGA is a growing area in Lagos with industrial estates and a strong maritime sector.
Revenue drivers:
Industrial manufacturing and processing
Port-related logistics and services
Real estate and housing
Trade and commerce
Ojo’s strategic location near Lagos ports boosts its wealth.
9. Warri South Local Government Area — Net Worth: ₦850 Billion
Warri South LGA is a key player in the Niger Delta region with oil-related business activities.
Main income sources:
Oil and gas companies
Maritime logistics and transportation
Real estate developments
Trade and services
Warri’s oil wealth powers its economy.
10. Mushin Local Government Area — Net Worth: ₦800 Billion
Mushin is a commercial and residential area in Lagos known for markets and small businesses.
Earnings come from:
Retail markets and trading activities
Small and medium enterprises
Real estate and property rentals
Service industry
Mushin’s bustling commerce sustains its economy.
How the Richest Local Government Areas in Nigeria 2025 Build Wealth
The richest local government areas in Nigeria 2025 generate their wealth from diverse sectors including commerce, manufacturing, oil and gas, real estate, and services. Many also benefit from strategic geographic locations such as ports and transport hubs. Investments in infrastructure, business-friendly policies, and population density contribute to their economic success.
Conclusion: Top Richest Local Government Areas in Nigeria 2025 (Updated List)
In summary, the top richest local government areas in Nigeria 2025 are economic powerhouses that contribute significantly to Nigeria’s GDP. Their wealth stems from commerce, industry, natural resources, and real estate. These LGAs offer fertile ground for business, investment, and development, playing a vital role in Nigeria’s growth trajectory.
Frequently Asked Questions (FAQs)
Which is the richest local government area in Nigeria 2025?
Lagos Mainland LGA leads with a net worth exceeding ₦3 trillion.How do local government areas generate wealth?
Through commerce, industry, real estate, natural resources, and services.Are oil-producing LGAs among the richest in Nigeria?
Yes, LGAs like Port Harcourt and Warri South are wealthy due to oil activities.Which sectors dominate the richest LGAs’ economies?
Trade, manufacturing, oil and gas, real estate, and services.How do local governments impact Nigeria’s economy?
They drive grassroots economic activities, infrastructure development, and employment.