10 Richest LGAs in Nigeria
Nigeria is divided into 36 states and the FCT, which are then further sub-divided into over 750 local government areas.
In this post, we take a look at the richest LGAs in Nigeria in no particular order.
Lagos Island LG, Lagos
Lagos Island popularly called Isale Eko is the principal and central-local government area (LGA) in Lagos, Lagos State.
This Local Government has a population of over 200,000 residents. This LGA only covers the western half of Lagos Island; the eastern half is under the jurisdiction of the LGA of Eti-Osa.
Lagos Island is linked to the mainland by three large bridges which cross Lagos Lagoon to the district of Ebute Metta. It is also connected to the neighbouring island of Ikoyi and to Victoria Island. The Lagos harbour district of Apapa faces the western side of the island.
Isale Eko used to be home to the Brazilian Quarter of Lagos where the majority of the slave trade returnees from Brazil settled. Many of these families lived on Broad Street in the Marina.
This area has since become quite commercial with major banks and organizations having their head office in this location.
The eastern side of the island contains the main markets and the poorer housing. This area is extremely crowded and congested and attempts have been made to build new roads out over the lagoon in order to improve traffic flows.
Some of the major landmarks in Lagos Island include Tom Jones Memorial Hall and Library, Marina road. The Lagos Marina host a number of office buildings which include Bookshop House, the Cathedral Church of Christ, National House, occupied by Shell, Former Central Bank headquarters and Investment House, Bank of Industry, Nigerian Ports Authority head office and National Electric Power Authority’s former headquarters amongst others.
Ikeja LG, Lagos
Ikeja is the capital city of Lagos state and as it is with state capitals, it is well planned and developed. The city is a blend of residential, commercial, and industrial areas and it is also has a well-defined drainage and transit system.
Some of the major places in Ikeja include the busiest airport in West Africa, Muritala Muhammed Airport, Ikeja City Mall popularly called Shoprite and Lagos State Government House.
Ikeja is also home to Femi Kuti’s Africa Shrine and Lagbaja’s Motherlan’. Some of the districts in Ikeja include Oregun, Ojodu, Opebi, Akiode, Alausa, Agidingbi, Magodo, Ogba, Maryland, Government Residence Area, Ikeja and Computer Village
Computer Village is the largest computer market in the country and it is popularly known as Otigba. It began operating in 1997 as a small market of only 10 shops but has since grown to a current market of over 3000 shops.
Abuja municipal LG, Abuja
The Abuja Municipal is said to be the most powerful local government area in Nigeria as it is the location of the seat of the presidency, the senators, the House of Representatives. It is also the headquarter of ECOWAS and the regional headquarters of OPEC.
The LG is characterized by wide roads with spectacular interchanges, sparse tall buildings, houses are well spaced.
There are also large parks and spacious playground. It got many recreational and tourist facilities. There are also many sports and games to be seen. The LGA boosts of some few 5-stars hotels in Nigeria such like Abuja Sheraton, Nicon Hilton and Agura hotel all in Abuja municipal.
Eti Osa LG, Lagos
Eti-Osa is one of the richest local government areas of Lagos State in Nigeria. This LG comprises several council areas which include the Lagos State Government.
Before Nigeria moved its capital to Abuja, this LG along with Lagos Island served as the seat of the national capital.
The population of Eti-Osa is 283,791 residents which represent 3.11% of the state’s population.
The Eti-Osa people are predominantly from the Awori Yoruba subgroup but the area currently has a unique blend of diverse ethnicities from all over the country.
Eti-Osa is home to many large domestic and international businesses and thriving neighbourhoods include Ikoyi, Lekki Lagoon, Port at Lekki and Victoria Island.
The richest people in Nigeria namely Aliko Dangote, Folorunso Alakija and Mike Adenuga all have houses in Eti Osa. Their companies are also located in this area.
Ibeju Lekki LG, Lagos
Ibeju Lekki is another wealthy LGA in Lagos state. It is located next to Eti osa LGA and it is known for its numerous housing estates, and gardens.
It is one of the well planned residential suburbs in Lagos with a commercial trade zone under development popularly known as the Lekki free trade zone.
The area features a 12MW independent power plant under construction by the China-Africa Lekki investment limited, the Lekki deep sea port and the Dangote oil refinery.
Uyo LG, Akwa Ibom
Uyo is a Local government area in Akwa-Ibom state; it is also the state capital. Uyo has enjoyed a boost in its infrastructural development over the last few years with its intensive roads networks, such as IBB way, Atiku Abubakar avenue, Udo Udoma avenue and Edet Akpan Avenue which is an eight-lane superhighway as currently the wildest road in Uyo among others.
The city is also home to the recently built Godswill Akpabio Stadium. The LGA is well known for its neatness and hospitable to foreigners and aboriginals.
Calabar Municipal LG, Cross River
The Calabar Municipal is another notable and wealthy LGA in Nigeria. It is located in Cross rivers state and it is known for its green reserves with large percentage of its land area reserved for green space. Also, the roads are well paved and the city is surrounded by interesting resort centres like the Calabar Tinapa, Obudu cattle ranch and many more.
Bonny Island, Rivers
Bonny Island is one of the beautiful places in the South-South. It is located at the southern edge of Rivers state and it is known for its infrastructurally advancement. The roads are 100% tarred and there is adequate and efficient water supply to all neighbourhoods in the local government.
The plant of the Nigeria liquefied natural gas plant (NLNG) is located in Bonny Island and this probably explains why Bonny is the only Nigerian city with 24/7 electricity power supply.
Ferries are the main form of transport to and from the island. The local language spoken in Bonny Island and Bonny Town is Ibani, though many natives also speak the Igbo language.
Obio Akpor is the economic power center of the Niger Delta region. It is located in Rivers state and there are two of the country’s refineries found here.
Also, there are several oil and gas firms with offices in this LG. Obio-Akpor can be said to be the financial pulse of Nigeria as it refines most of the oil exploited in Nigeria. The headquarters of Obio-Akpor is Rumuodomaya and it was originally inhabited by the Ikwerre people.
Ibadan Northwest, Oyo
Ibadan is the largest city in West Africa and the local government area, Ibadan North West is located at the center of the city.
This area was one of the first class developing regions in the country having the first skyscraper and first television station in the whole of tropical Africa. Also, the first railway line in Nigeria the Lagos-Ibadan rail has its terminal in this LGA.