Lagos State is the smallest city by landmass and the most populous city in Nigeria which also has the richest local governments in Nigeria. It is regarded as the commercial headquarters of Nigeria bounded to the south by the Bight of Benin and to the west by the international border with the Benin Republic, to the east by Ogun State, making it the only Nigerian state to border only one other state.
Lagos State is regarded as the largest contributor to the Nation’s GDP. Its local government, Lagos Island and Ikeja are currently the richest Local Governments in Lagos state and Nigeria.
Top 10 Richest Local Government In Lagos State
The richest local governments in Lagos State include Lagos Island local government, Ikeja local government, Eti-Osa local government, Ibeju Lekki, Lagos Mainland, and Ikorodu. Below you’ll find all the top 10 richest local governments in Lagos state.
1. Lagos Island Local Government
Lagos Island, famously known as Isale-Eko is the richest local government area in Lagos and the richest local government in Nigeria that covers the entire western half of the Lagos state.
The island is the home of the Yoruba fishing village of Eko, which has grown to be a highly modern city.
Lagos Island is a local government with over 200,000 indigenes that are connected to the VI and Ikoyi Islands. It is linked to the mainland by three bridges that span across the Lagoon to the district of Ebute Metta, Lagos.
Lagos Island is mostly called the Brazilian quarters of Lagos state; because of the slave trade era, it was majorly occupied by the Brazilians. Presently it is majorly occupied by Nigerians for both residential and commercial purposes. It is known to house different business organizations, financial institutions, and bank headquarters.
Lagos Island is notable for:
- Tom Jones Memorial library and hall.
- The national shell house
- Former Central bank headquarters
- Former Investment House headquarters
- Nigerian port Authorities Headquarters
- Bank of Industry Headquarters
- United Bank for Africa (UBA) Headquarters
- Various electrical appliances business outlets
2. Ikeja Local Government
Ikeja is the state capital of Lagos State and the second richest local government in Lagos and the Nation as a whole. Ikeja is a planned, clean, and quiet residential and commercial town with many shopping malls, companies and government reserved areas. The council is home to many popular places in Lagos including the Murtala Muhammed International Airport and the Alausa Secretariat which is the seat of the State Government.
Ikeja is notable for:
- The Murtala Mohammed International Airport
- The largest shopping mall on the mainland
- Home to Femi Kuti’s African Shrine,
- Late Chief Gani Fawehinmi’s house
- Lagbaja’s Motherland.
3. Eti-Osa Local Goverment
With an internally generated revenue of N1.7 billion and total revenue of N2.2 billion, Eti Osa Local Government is the third richest local government in Lagos state. Eti Osa Local Government has its headquarters at Egbo Efon just before Chevron drive and the second tollgate and it has an area of 56km2 and a population of 184,053 according to the 2006 census.
This local government area possesses the highest amount of most expensive landed property, real estate, and commercial and residential buildings in Nigeria.
It is also known to have the largest number of registered vehicles in all of Africa which also has some of the most expensive estates and buildings. If you are looking for luxuries, Eti Osa local governments can give it to you with Lekki and part of Victoria Island under it.
4. Ibeju-Lekki Local Government
Ibeju-Lekki is amongst the richest local government area of Lagos state. Due to its lagoon views and oceanfront, it is one of the booming tourist cities in the country.
The local government is developing rapidly, with the commercial activities gradually moving from Ikeja to Ibeju- Lekki. Lekki currently houses several gated residential developments, agricultural farmlands, estates and a Free Trade Zone, an airport, and a seaport under construction. It’s also an area where the popular Dangote refinery is currently undergoing construction on.
Ibeju-Lekki is notable for:
- The Pan-Atlantic University
- Lekki Deep Seaport
- Eleganza industries
- Lekki International Gulf Course
- LUFASI nature parks
- The ongoing project of the Dangote Refinery is estimated to be the world’s biggest single-train facility, estimated to cost $9 billion to build.
5. Lagos Mainland Local Government
Another wealthiest local government in Lagos includes Lagos Mainland L.G.A which is the fifth on our richest local government in Lagos state list. It is made up of 36 various districts and it is located on the mainland, the heart of the state.
Its headquarters are located at Town Planning Way, Yaba and it has a population of about 5,291,585 people. It is one of the most developed areas in Lagos state and it has a very large land space.
It is surrounded by other local governments such as Kosofe Local Government, Mushin Local Government, Agege Local Government, Ikeja Local Government, and Somolu Local Government. It is also surrounded by many public and private schools including universities, colleges, and secondary schools.
6. Ikorodu Local Government
Ikorodu is located in the northeast of Lagos state along the Lagos Lagoon. This local government shares a boundary with Ogun State. It houses many trading, farming, and manufacturing outlet.
The major economic activities in Ikorodu include trading (mostly foodstuffs), fishing, farming and petty business. There are also some companies like NIPCO Plc and Livestock Feeds Plc located in the area.
Ikorodu is Notable for:
- The Imota rice mill will begin full operation in the second quarter of 2022
- Voice of Nigeria Transmitting station
- Lagos State Polytechnic
- Cradoo Lake Waterfront, Ipakodo, and Ibeshe
- Egbin Thermal Station, Egbin which is the largest thermal power facility in Africa
- Palace of the Ayangburen of Ikorodu
- Ijede Warm Springs
- Ikorodu Lighter Port Terminal
7. Badagry Local Government
Badagry is one of the richest local governments in Lagos state that serves as the seat of a local government council and is mainly habituated by the Pop and Gun people who a traditional king rules, Akran De Wheno Aholu Menu – Toyi 1, who is also the permanent vice-chairman of Obas and chiefs in Lagos State.
The city is a historical city that played a major role during the trans-Atlantic slave trade era. The town served as a middleman where the Europeans and Africans transacted in slave trades.
Badagry is Notable For:
- The Nation’s oldest storey building
- The Royal Palace of Mobee serves as a historical Slave Relics Museum
- The Point of No Return is located at the Gbeferu Island
8. Surulere Local Government
Surulere local government has been the leading local government in Lagos state since most of its citizens are well-to-do. They have a lot of companies, factories, and industries which led them to be the richest in Lagos.
Their source of income is the fact that they have a lot of factories and industries which makes them generate revenue for the state.
9. Epe Local Government
Epe is one of the richest local governments and towns located on the north side of the Lekki Lagoon. They are famously known for their fishing activities attributed to the city.
Epe is Notable For:
- Agricultural Training Institute, Araga, Epe
- Murtala Mohammed Botanical Garden, Epe
- Lagos State University, Epe Campus
- Youth Rehabilitation and Development Centre, Ita-Oko Island, Epe
10. Ojo Local Government
Ojo is a local government in Lagos State mostly occupied by the Awori’s. It contains notable commercial and recreational centers. However, it is sparsely populated and consists of sandy beaches and mangroves.
Ojo is Notable For:
- The Alaba International Market
- Alaba Livestock Market
- The Divisional Headquarters of 81 Division of the Nigerian Army and Navvy Town
- The Old Lagos International Trade Fair Complex
- Iyana-Iba Market
What Is The Biggest LGA In Nigeria?
Alimosho local government in Lagos state is currently the biggest local government area in Nigeria with a growing population of about 1,288,714 inhabitants according to the 2006 census. The local government currently has an estimated population of 11,456,783 as of 2022 making it the largest and biggest local government in Nigeria.
Which State In Nigeria Has Highest Population?
Lagos state is located in the South-Western part of Nigeria and Alausa Ikeja is its capital city. It has an estimated population of 21,000,000 people making it the highest populated state in Nigeria.
One of the reasons why Lagos is so populated is because it is a coastal state. The other reason why Lagos State is so populated is that it is an oil-rich state and home to many industrial workers.
Which Local Government Is Yaba In Lagos State?
Yaba is a commercial city under Lagos Mainland’s local government area. It is one of the biggest cities in Lagos state with fast-growing tech hubs. The city is also the commercial area that houses the popular University of Lagos, Yaba Technical College, and other notable facilities that generate revenue for the government of the state.
Which Local Government Is Ebute Metta In Lagos State?
Ebute Metta is a popular area in Yaba that is situated under Lagos Mainland Local Government Area. It is one of the richest local governments in Lagos and houses some of the notable cities in the state including Akoka, Ebute Metta, and a bunch of other commercial and residential areas.
Is Lagos Bigger Than Benin Republic?
Yes. Lagos is 3x+ bigger than the Benin Republic. Lagos has a population of 21 million as compared to the Benin Republic with a population of 6 million. The Benin Republic is also one of the smallest countries in the world and cannot be compared to Nigeria in terms of population.
Lagos state is indeed a state worth visiting. I promise you won’t regret doing so. The recreational and fascinating centers in the states will amaze you.