Top 10 Richest Local Governments Areas in Nigeria

In the Richest local governments areas in Nigeria, you will agree with me that local government is a broad phrase that refers to the lowest levels of governance within a sovereign state.

This meaning of the term government refers to a level of administration that is both geographically circumscribed and limited in its powers. However, Glass Suite will give you a rundown of the richest local government areas in Nigeria.

Top 10 Richest Local Governments Areas in Nigeria

Lagos Island Local Government Area (LGA)

Lagos Island, also known as Isale-Eko, is Nigeria’s most prosperous local government area in Nigeria and it is located in the southwestern part of the country.

This local government has a total population of over 200,000 residents and covers the entire Western half of the Lagos state while the entire Eastern half is under the jurisdiction of Eti-Osa.

Three bridges connect Lagos Island to the mainland, cutting across the Lagoon to the Lagos suburb of Ebute Metta.

Lagos Island is also connected to Ikoyi and VI, two nearby islands, Lagos Island is usually called the Brazilian Quarter of Lagos, and this is because it is mostly inhabited by Brazilians during the slave trade.

Now, Lagos Island is mostly inhabited by Nigerians and it is now a commercial-residential area filled with banks, business organizations, and headquarters of different businesses.

Some of the prominent organizations located on Lagos Island are the Tom Jones memorial hall and library which is along Marina Road.

We also have the cathedral church of Christ, the National house occupied by Shell, the former Central Bank Headquarters and Investment house, the Bank of Industry, and the Nigeria Port Authority Headquarters.

The Eastern side of Lagos Island is like a ghetto containing the general market, and housing there is very poor since it’s a ghetto. The streets there are filled with young children playing around since they aren’t going to school.

Ikeja LGA, Lagos

Ikeja LG is Nigeria’s second-wealthiest Local Government Area. Ikeja, the state capital of Lagos, is a well-developed region with a diverse range of enterprises and organizations.

In addition, the city is made up of residential and industrial districts, which contributes to its well-functioning transportation infrastructure.

Some of the major areas in Ikeja include the Ikeja City Mall which houses the biggest ShopRite store in Nigeria, the busiest airport in West Africa,

Muritala Muhammed International Airport Airport, Ikeja, and also the Lagos State Government House Other areas in Ikeja include Ogba,

Maryland, Government Residence Area, Ikeja, Oregun, Ojodu, Opebi, Akiode, Alausa, Agidingbi, and Magodo. The Ikeja has some prominent Nigerians and residents in it and they include:

  • Femi Kuti’s Africa Shrine
  • Lagbaja’s Motherland
  • Computer Village.

The Ikeja Computer Village is the busiest and biggest computer market in Nigeria and it began operations in the year 1997 as a small market consisting of only 10 shops.

The computer village has now grown to a large market with 3000 shops. Every year, they do the computer village carnival where they call prominent Nigerian musicians. Burma Boy and other prominent musicians attended the event.

Abuja municipal LGA, Abuja

Because it is the residential neighborhood of the King President of the Federal Republic of Nigeria, the Abuja Municipal is one of the most influential local governments in the country.

It not only houses the president, but also other significant officials such as members of the executive branch, senators, and members of the House of Representatives.

The Abuja municipal local government area is also the headquarters of the Economic Community of West African States (ECOWAS) and the regional headquarters of the Organization of the Petroleum Exporting Countries (OPEC).

The Local Government Area is characterized by neat, and wide roads, tall skyscrapers buildings, and well-spaced houses.

Eti Osa LGA, Lagos

In Lagos State, Eti-Osa is another wealthy local government area. The Lagos State government is part of the Eti-Osa Local Government Area.

The Eti-Osa local government region along with Lagos Island served as the Nigerian capital before it was moved to Abuja.

According to the Nigerian last census, the total population of the residents in Eti-Osa is over 280,000 which is approximately 3% of the total population in Lagos State.

Ibeju-Lekki LG, Lagos

Ibeju-Lekki is another prominent local government area in Lagos State and it is located just after the Eti-Osa local government area. Ibeju-Lekki is popular for housing several estates, Gardens with other recreational centers in the state.

Ibeju-Lekki is also known as a commercial trade zone that has a 12 MW independent power plant that is still under construction by the China-Africa lake investment Limited.

Uyo LG, Akwa Ibom

Uyo is a Local government area in Akwa-Ibom state and also the capital of the state. The city houses Godswill Akpabio Stadium, IBB way, Atiku Abubakar Avenue, Udo Udoma Avenue, and Edet Akpan Avenue.

Calabar Municipal LGA, Cross River

The Calabar Municipal is another richest local government area in Nigeria. It is located in Cross Rivers state and is surrounded by beautiful places like the Calabar Tinapa, Obudu cattle ranch, and many more.

Bonny Island, Rivers

Bonny Island is one of the most beautiful places in Rivers State and it is known for its infrastructural development. The roads are 100% tarred and Ferries are the main form of transport to and from the island.

Obio-Akpor, Rivers

The richest local governments areas in Nigeria is Obio Akpor local government area in Rivers state and which houses many oil and gas firms with offices.

Ibadan Northwest, Oyo

Ibadan is West Africa’s largest metropolis and one of the country’s top-class emerging regions, this LGA is among the richest local governments areas in

Nigeria with the country’s first skyscraper and television station. This LGA also serves as the terminus for Nigeria’s first railway line, the Lagos-Ibadan rail.

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