Nigeria has a GDP of $484.6 billion which makes it the 25th richest country in the world (in terms of nominal GDP). In this article, we will explore how billionaires are contributing to Nigeria’s economy and what they can do to help make Nigeria richer.
The Nigerian Stock Exchange is one of Africa’s fastest growing exchanges with more than 30 listed companies that have a combined market capitalization over $5 billion. The Nigerian Stock Exchanges is home to some of the most innovative tech startups like Paystack and Konga.
These companies are enabling ecommerce for Nigerians by allowing them to buy goods online from both local stores and international retailers like Amazon or Walmart without paying additional charges when using their services.
Nigeria’s economy is largely reliant on oil production. Nigeria has the largest population in Africa and is also home to one of the wealthiest people in Africa, Aliko Dangote.
In fact, there are more than 10 billionaires living in Nigeria today. With a booming economy and an abundance of rich people, it seems like Nigeria would be one of the best places to live as a billionaire with plenty money to spend! But here’s why you should never move to Nigeria: It’s ranked number 124 out of 140 countries on Transparency International’s Corruption Index; The GDP per capita is $4,057 (the second lowest among African countries); In 2017 alone over 1 million Nigerians fled their residence due to ethnic violence; There
Nigeria has the richest billionaires in Africa. You might not have heard of some of these people, but they are true Nigerian success stories. From oil to agriculture, these entrepreneurs are driving Nigeria’s economy forward with their innovative ideas and business acumen. These 10 billionaires made it onto Forbes’ list for 2017: Aliko Dangote, Mike Adenuga Jnr., Folorunsho Alakija, Tony Elumelu, Desmond Sacco Jr., Nduka Obaibgbe Jr., Michael Iwueke Okoroafor Sr., Jimoh Ibrahim rtd army major general, Oyetade Thomas Agboola II who is also known as Dr. Togo with his Togo Group of Companies that includes.
10. Fifi Ekanem Ejindu – $850 million
9. Hajia Bola Shagaya – $950 million
8. Jim James Ovia – $980 million
7. Orji Uzor Kalu – $1 billion
6. Folorunsho Alakija – $1 billion
5. Pascal Uzoma Dozie -$1.1 billion
4. Jimoh Ibrahim – $1.1 billion
3. Femi Otedola – $1.8 billion
2. Mike Adenuga – $7.2 billion
1. Aliko Dangote $9.9 billion
10.Fifi Ekanem Ejindu
Princess Fifi Ekanem-Ejindu is a Nigerian princess and architect who was born in Ibadan. She has an estimated net worth of $850 million, which makes her the wealthiest woman in Nigeria as well as one of Africa’s richest women.
She was an architect, businesswoman and philanthropist born in Nigeria. She is the great granddaughter of King James Ekpo Bassey of Cobham Town in Calabar, Nigeria and her father Professor Sylvester Joseph Una from Uyo Akwa Ibom State.
Princess Fifi Ekanem started her career as a lecturer at University Of Ibadan during which she studied architecture at Pratt Institute School of Architecture where she graduated with distinction to become one Africa’s most celebrated architects who established herself by focusing on rural house design for low income earners designing innovative structures that maximize limited resources such as natural light while maintaining functionality.
Princess Fifi Ekanem attended Higgins hall school from 1983-1984 before becoming interested in lecturing on construction. As we said her father Professor Sylvester Joseph Una from Uyo Akwa Ibom State. She studied Architecture at the Pratt Institute School of architecture before founding MEDRA Architects Ltd.,
An architectural firm based out of Lagos State with offices all over Africa providing professional services for urban design, planning & building; commissioning public art projects; implementing environmentally conscious solutions – like renewable energy sources such as solar power or geothermal wells that tap into natural heat below ground level-to reduce air pollution levels by 50%; designing green buildings which are designed to promote sustainable lifestyles
Fifi Ekanem Ejindu Net Worth Is $850 million
9.Hajia Bola Shagaya
Hajia Bola Muinat Shagaya is a Nigerian businesswoman and fashion enthusiast. She has been listed as one of the richest women in Africa, with an estimated net worth that’s over $950 million USD.
Born on October 10th 1959 to parents from Ilorin Nigeria, Hajia was raised Muslim but later converted Christian for her husband Alhaji Shagaiya popularly referred to by his Islamic title “Shaykh”.
She attended Ahmadu Bello University where she obtained her degree before proceeding further at Armstrong College obtaining two degrees in Business Administration and Fashion Designing respectively. Recently married 31 years ago now, she presently lives happily ever after with four children- Sheriff Skahiya; Hake
Hajia Bola Muinat Shagaya is an outspoken Nigerian businesswoman and fashion enthusiast. She was born in Ilorin, Nigeria but pursued her education at Ahmadu Bello University Armstrong College where she bagged a degree in accounting with honors. Hajia managed to marry Alhaji Shagaya before his passing due to illness three years into their marriage.
They were blessed with two boys: Sheriff who has followed the footsteps of his father as he now serves as president for one of Africa’s first co-operatives society; Hakeem on the other hand wants nothing more than becoming Nigerias next sports star by following up tennis like Roger Federer or Serena Williams while also having mastered football skills!
Hajia Bola Shagaya Net Worth Is $950 million
8. Jim James Ovia
Jim James Ovia is a Nigerian entrepreneur, investor and philanthropist. He has amassed his net worth of $980 million through the founding/running five companies in Nigeria’s agricultural sector which he eventually sold to Agro Industries Plc for an undisclosed amount.
Nigerian Entrepreneur Jim James Ovia Has Accumulated His Net Worth Of 980 Million
Jim James Ovia, a Nigerian businessman an founder of Zenith Bank in 1990 is worth $1 billion. His humble beginnings are from Agbor where he was born on November 4th 1951 (age 70). He received his education at the University of Louisiana Monroe before founding one of Africa’s largest banks with over 6000 employees worldwide.
Jim James Ovia is a Nigerian businessman and entrepreneur who founded Zenith Bank in 1990. He grew up at Agbor, Delta State where his father was an educator. In 1979 he graduated with honors from the University of Louisiana Monroe before going on to found one of Africa’s largest private sector banks which has grown over time into billions-worth company that spans several African countries today by providing loans for agriculture, housing projects and more while also offering investment services internationally as well.
Jim James Ovia Net Worth Is $980 million
7.Orji Uzor Kalu
Orji Uzor Kalu is a Nigerian politician and businessperson. He has served as the Governor of Abia State, Nigeria from 29 May 1999 to 29 May 2007. Born on April 21st 1960 in Abia state, he attended both college at University of Maiduguri before earning his degree at Government College Umuahia. Currently chairman of SLOK Holding and publisher for Daily Sun (Nigeria) newspaper – New Telegraph
Orji Uzor Kalu is a Nigerian businessman who has been living in the United States for over 20 years. He founded and served as chairman of SLOK Holding, which includes businesses that produce cement, sugarcane fuel-ethanol production facilities, hotels and resorts around Nigeria’s coastline.
The company now owns Daily Sun newspaper, New Telegraph newspapers and television stations thereabouts which are among some of the most popular media outlets in Africa today according to international rankings by Forbes Magazine; they also own one printing press that produces both tabloid papers for consumption domestically and magazines intended primarily for export purposes across Western countries on behalf of other African publishers.
In addition to this impressive portfolio he was appointed Chairman at AIC Banks Plc., Golden Penny Group Ltd., GT Bank PLC.
In 2014 he was appointed by President Muhammad Buhari to head up the Presidential Committee on Poverty Alleviation in Africa (PCPA). His net worth is $1 billion
He is married to Ifeoma Orji-Uzor Kalu with four children: Nicole, Neya Michael and Olivia all born after 1987; they’re now adults themselves! His books include “Nigerian Foreign Policy” which was published by Routledge Press In 1980s.
Orji Uzor Kalu Net Worth Is $1 billion
Folorunsho Alakija is an Nigerian businesswoman and philanthropist who has been involved in the fashion, oil, real estate and printing industries. She ranks as one of Africa’s youngest self-made female billionaires today with a net worth that tops $1 billion.
Folorunsho Alakija is a Nigerian billionaire businesswoman and philanthropist. She has had such an industrious career spanning decades in Nigeria’s fashion, oil, real estate and printing industries that she was once hailed as the most influential woman entrepreneur of all time by Forbes magazine.
Born on July 15th 1951 to L A Ogbara parents from Ikorodu (her father) & Ibadan (mother), Folorunsso grew up with her siblings like Doyin Ogbara near Lagos Island before attending secondary school at Queen’s School Ajegbo for two years then went back to complete high school education at St Gregory College – Obalende- where also graduated.
Folorunsho Alakija is a Nigerian billionaire businesswoman and philanthropist. She’s involved in the fashion, oil, real estate and printing industries but her true passion lies within charity work helping those less fortunate than herself.
She was born to L A Ogbara & Modupe Alakija; she has two sons with husband Modupe: Rotimi (born 1977) who currently manages Lagos Fashion Week while Folarin runs his father’s company Olugbenga Textiles Limited which he founded when he relocated back from England after an MBA at Bradford University School of Management where he graduated as one of their best ever students for entrepreneurship studies – receiving the prestigious award BEM.
Folorunsho Alakija Net Worth Is $1 billion
5.Pascal Uzoma Dozie
Pascal Uzoma Dozie is the Nigerian billionaire worth $1.1 billion
The day I became a Billionaire: Pascal Uzoma Dozie, an enterprising businessman from Nigeria has over time turned himself and his company into one of Africa’s top-selling enterprises in consumer household products with interests ranging from soap to toothpaste as well as soaps for laundry stain removal and air fresheners among other things.
Uzoma Dozie was born in London to Nigerian parents. He grew up with a love for technology, which fueled his interest and talent as an engineer who graduated from Imperial College of the University of London’s Department of Engineering Technology program.
After graduating he studied network engineering at Stanford before returning back home to Nigeria where he founded Sparkle, a company that provides business infrastructure services such as cloud storage space among other things.
Uzoma Dozie is a London-born, Nigerian tech entrepreneur who founded Sparkle in 2012. He’s been all over the world to study and work on his ventures.
His father was an engineer working with Shell Nigeria Oil Company so he spent much of childhood living abroad before going back home for university at UCL where he studied physics and then completing masters degree from Imperial College in Computer Science/Computer Engineering.
As CEO of Sparkle Financial Technology Community, Uzoma has mentored thousands through financial technology topics like banking innovation or personal finance management skills as well as events like Finovate Europe which draws crowds several thousand deep each year thanks to people looking for fresh ideas about how they will manage their finances better than ever before!
Uzoma is also known internationally due to his work advocating financial inclusion – ensuring people have access not only financially but digitally too through initiatives such like ‘MicroSave’. Having been named one of Forbes’ Top 100 Young Entrepreneurs Uzomo has steadily risen into prominence on the international stage both professionally and personally thanks partly do being married.
Pascal Uzoma Dozie Net Worth Is $1.1 billion
You may not have heard of Jimoh Ibrahim, but this Nigerian lawyer who has worked tirelessly to help his country grow. He worth about $1.1 billion and has a huge heart for philanthropy!
Jimoh Ibrahim is a Nigerian lawyer, politician, businessman and philanthropist. He’s the chairman of Global Fleet Group with business interests in neighboring West African countries. Born 24 February 1967 (age 54).
He attended Obafemi Awolowo University before going to Harvard at age 22 where earned his law degree then studied another year for an MBA from Cambridge Uiniversity after graduating as Senior Scholar on Law Studies – meaning that was one of top students on campus during their entire time there – who had also been accepted into Oxford while studying abroad but decided against it due to family pressure back home returned just two years later earning Master’s Degree in Business Administration/Law having spent only 18 months away.
His siblings include Akinsola Jimoh who became famous for founding his own consultancy company at the age of 14. By doing so he was able to put himself through university by working part-time as an English tutor while studying law.
After practicing corporate law in London for 6 years where one of his clients included American Express International Inc., Jimoh returned home before setting up Global Fleet Group with intentions to help Nigeria develop its economy through trade logistics business partnerships abroad.
Jimoh Ibrahim – $1.1 billion
Femi Otedola is a Nigerian businessman and entrepreneur with an estimated net worth of $1.8 billion according to Forbes, making him one of the wealthiest people in Nigeria.
Femi Otedola is a Nigerian businessman, philanthropist and former chairman of Forte Oil PLC. He founded the Zenon Petroleum Limited Company in 1997 to import fuels into Nigeria from neighboring countries like Ghana.
A number of his other businesses include shipbuilding, real estate development and finance investments across Africa’s most populous country with over 180 million people living there today!
Born in Ibadan on November 4th 1962 he earned an economics degree at Obafemi Awolowo University before going back for Christian ministry training which led him to founding Olivet Baptist High School where he now serves as its Chairman Emeritus while also being CEO of Temenos Group Ltd (a private investment company) that deals mainly with start-up companies looking forward to.
Femi Otedola, born in Ibadan and raised by his mother Lady Doja following the death of her husband Michael when she was pregnant with Femi. His father had been a prominent businessman before he died from cancer at age 42.
Otedola’s first foray into business occurred during high school when he built his own analogue computer to solve calculus problems for mathematics classes that were too difficult for him due to dyslexia
He attended Olivet Baptist High School but dropped out after completing only two years because there wasn’t enough funding available as per government policy back then; eventually attending Obafemi Awolowo University where Mrs Labonnese-Dixon allowed students without funds or scholarships access class using what little materials.
Femi Otedola Net Worth Is $1.8 billion
Chief Michael Adeniyi Agbolade Ishola Adenuga Jr CSG GCON is a Nigerian billionaire businessman who has the second highest net worth in Africa. He was recently ranked as one of Forbes’ Richest Men In The World, coming at number 514 with an estimated wealth of $7.2 billion dollars.
Michael Adeniyi Agbolade Ishola Adenuga Jr CSG GCON is a Nigerian billionaire businessman, and the second richest person in Africa who was born on 29 April 1953.
His company Globacom is Nigeria’s second-largest telecom operator which has presence in Ghana and Benin Born to Michael Agbolade Bernardson Sr., he attended many schools including Pace University, Comprehensive High School (Aiyetoro), Ibadan Grammar School before eventually attending AIT where he received degrees both Bsc Computer Science 1974 as well as an MBA 1977.
While his father had established businesses such as PENCOMM at home with limited success outside of their region until 1967 when they founded Allied Electronics Company Limited through joint venture between General.
Mike Adenuga Net Worth Is $7.2 billion
Aliko Dangote GCON is a Nigerian billionaire businessman who has an estimated net worth of $11.1 billion and was born on April 10, 1957 in Kano, Nigeria.
He attended the Government College at Birnin Kudu before founding his first business that sold ice cream to universities while he was still attending college himself! In time Aliko expanded into trading rice for many West African countries which allowed him to build Africa’s biggest commodities company from scratch as well as making it possible for more people than ever before to buy affordable goods like sugar or wheat just by going down their local market street.
His one of the wealthiest person on Earth with over US$11 billion as of 2021, and has an estimated net worth of US$12 billion by 2024 according to Forbes magazine.
Aliko Dangote Net Worth Is $9.9 billion
The Nigerian economy has been a major driver in the success of these 10 billionaires. It is no surprise that they are all involved in oil and gas, telecommunications, construction or finance industries. These top-10 richest people in Nigeria have made their fortunes through hard work, entrepreneurship and innovation; it’s easy to see why so many Nigerians aspire to be like them one day!
The richest people in Nigeria have a combined net worth of $7.2 billion, the majority of which is from oil and gas industries. Here are the top 10 richest billionaires in Nigeria as well as their estimated net worths or wealth holdings. Fifi Ekanem Ejindu net worth is $850 million, Hajia Bola Shagaya net worth is $950 million, Jim James Ovia net Worth $980 million, Orji Uzor Kalu net worth $1 billion, Folorunsho Alakija net Worth $1 billion, Pascal Uzoma Dozie net worth is $1.1 billion, Jimoh Ibrahim net Worth $1.1 billion, Femi Otedola net Worth is $1.8 billion, Mike Adenuga net worth is $7.2 billion, Aliko Dangote net Worth $9.9 billion.