A substantial amount of the elites in Nigeria can be found in some cities, and these cities are known to be among the richest. Business moguls, entrepreneurs, industries, expatriates, people consuming branded goods, are the things you will find in such municipalities.
Nigeria can boast of having most of the biggest West African cities. There are over 50% of Nigerians occupying these cities.
This list of the richest cities in Nigeria is organized according to the income per individual of each city.
Richest Cities In Nigeria
1. Port Harcourt
Port Harcourt has the absolute best (80%) portion of high total assets (above NGN 750, 000 yearly pay), considering ‘income per individual’ across Nigerian cities.
In comparison to other cities, Port Harcourt, the richest city in Nigeria is highly liveable. Major necessities of living including feeding, lifestyle, and accommodation are not expensive. There is an abundance of skills acquisition opportunities, likewise jobs. The environment is also friendly enough to raise kids, and a small fraction of their population is considered lower class.
An estimate of 3% of Ibadan occupants earns less than NGN 250,000 for each year.
In comparison to other states in Nigeria, procuring a job in Ibadan is quite tiresome. Considering the expenses of living here, it is an attractive option. If you see the need to lead a stress-free life, raise your kids next to several academic institutions, and save more, Ibadan will work very well in your favor.
There is an ongoing plan to expand the runway of the city’s airport so that residents will not have to travel to Lagos to take flights out of Nigeria.
In 2019, Uyo had a 60% portion of high total-total assets consumers. Some of her inhabitants are either workers in private or public firms, while others are into transport businesses, crafting, and catering.
Uyo has several magnificent structures, hence, making it a cynosure of envy for neighboring cities. Courtesy of the well-developed road infrastructure, transporting within the city is very easy. There are mini-markets in almost every community, and this allows the growth of small and medium-scale businesses.
There are lots of farmlands that are underused for the purpose of agriculture. Uyo is the go-to city if you want a low-cost environment with state-of-the-art infrastructures.
Lagos is one of the richest cities in Nigeria and has the highest-branded product consuming class in the country. However, it isn’t pretty much as appealing as Port Harcourt, considering abundance per individual.
It is a common perception that Lagos would thrive as one of the most successful African economies if it were a country. Nevertheless, it remains one of Africa’s wealthiest cities with lots of Nigeria’s elites.
On the positive side, Lagos is known for real estate, ease of doing business, import and export, and fast-moving consumer goods. On the negative side, the city has an escalating population, irregular power supply, crimes, and underutilized water resources.
Abuja includes a higher portion of high-net-worth earners earning above NGN 750, 000 yearly making the city one of the wealthiest cities in Nigeria.
Living in regions like Wuse, Gwarimpa, Maitama, can be very expensive than other regions in Abuja. It is very easy to commute in this city without discomfort because of the improved road infrastructures and firm driving laws.
The affluence in the city is highly noticeable such that you need not check too long. Amidst the ambiance, luxurious landscape, and riches lies an estimate of 40% of the residents who cannot boast of an income that meets a living wage.
56% of Jos pay workers endure very NGN 750,000 for every annum. Jos might be a picturesque and notorious city, but the warmth charms you until you understand there’s more, past all-year cold climate.
The state capital of the city, Plateau, is one of the best regions to raise kids. Living in Jos promises cheap food, a substantial power supply, and accommodation. Residents of Jos are accommodating and hospitable. There are lots of rock hills for physical activities such as hiking.
For peace, beauty, hospitality, and serenity, anyone would want to live there. Although there are some terror moments in the city, living there remains an enjoyable experience.
Kaduna is a Northern city in Nigeria. It has a good historical influence and is multiethnic. The city supports the empowerment of women in education and entrepreneurship. Kaduna is a neighboring city to Kano and encourages businesses with few constraints. Although Kaduna cannot be termed a city with an abundance of social and leisure activities, it boasts of high-ranking academic institutions.
Owerri makes it to the list of peaceful states in Nigeria. The city can boast of good food, affordable accommodation, and abundant free society. Owerri has high standards in entertainment, academics, and businesses. Courtesy of the current refurbishment, the city has an improved road network, exceptional hotels, leisure centers, and production studios. The city has a large market for palm oil production.
9. Benin City
A big part of the number of inhabitants in Benin City is under the high-income earners. Benin is one among few Nigerian urban communities with praiseworthy social qualities. From the National Museum to the Oba of Benin castle, Gele Sea Port to Igue Festival. The customary city has numerous attraction centers for both travelers and the local residents.
In comparison to other Nigerian urban areas, the typical cost for basic items is low. For the principal part, there’s a copious chance for entertainment and social discussions inside the city. Employment opportunities are limited here.
Enugu has possibilities for business if appropriately channeled. The city is known for affordable transportation, great fun and entertainment, large markets, safety, and good food. This old Eastern region promises ease for businesses, retail outlets, and e-commerce businesses. Enugu is welcoming to open-minded people.
Nigeria has a population of more than 200 million people and is one of the largest African countries. More than half of Nigeria’s populace lives in metropolitan regions. These regions will urbanize quicker than their companions in the coming decade.