Check Out The Richest Men In Nigeria

Money talks

By  | Nov 14, 2022, 09:29 AM  | Top of The

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Here are the top 5 richest men in Nigeria

Aliko Dangote ($14 billion)

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Over $14 billion is now in Aliko Dangote's net worth. In both Nigeria and Africa, he is the richest person. In terms of wealth, he ranks 67th in the world.

Benin, Ethiopia, Senegal, Cameroon, Ghana, South Africa, Togo, Tanzania, and Zambia are among the nations in which Dangote has investments in addition to Nigeria.

Despite coming from an affluent family, Dangote hasn't let his success as a result of this rest on his laurels. He founded a tiny trading company in 1977, which marked the beginning of his path to becoming a billionaire. This company would later change into the Dangote Group, as it is known today.

In Nigeria and throughout Africa, the Dangote Group dominates the sugar and cement industries. This businessman has become an expert at creating these goods locally over the years.

Currently, Dangote owns manufacturing facilities and refineries in Nigeria and other African nations. He is also paving the way by erecting a sizable refinery in the nation that will end the nation's reliance on oil imports.

The initial plan for the project was to construct refineries for petrochemicals, fertilizers, and crude oil. The estimated cost of this investment is approximately $9 billion, and it should be finished by the year 2019.

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Mike Adenuga ($7.9 billion)

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Chief Michael Adeniyi Adenuga CSG GCON, the fourth-richest person in Africa, was born on April 29, 1953. The telecom sector is under the grip of the rich businessman from Nigeria.

Adenuga is the owner of Globacom, Nigeria's second-largest telecom company. He is also a significant shareholder in Conoil, a significant Nigerian oil company with operations spanning throughout several African nations, including Ghana and the Benin Republic. It has been established that Adenuga is a significant shareholder in Equitorial Trust Bank. With a 7.9 billion dollar estimated net worth, he is one of the wealthiest men in Nigeria.

Femi Otedola ($5.9 billion)

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Former chairman of the gasoline importer Forte Oil PLC is Femi Otedola. Otedola founded Zenon Petroleum and Gas Ltd. and also owns a variety of other companies in the financial, real estate, and shipping industries. As part of Nigeria's recent liberalization of the industry, he just made an investment in power generation. He was identified as First Bank PLC's sole largest stakeholder (5.07%) as of October 2021.

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Arthur Eze ($5.8 billion)

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From a royal family in Ukpor, Dunukofia LGA, Anambra state, Arthur Eze is a prince. The company Atlas Oranto Petroleum was founded by him. He currently has a $5.8 billion net worth. Investments in the oil and gas sector make up the majority of his holdings. The largest privately owned petroleum corporation in Nigeria is his business. Additionally, he has businesses in Liberia, Guinea, and the Gambia. In addition to being an engineer (chemical and mechanical), he is a politician.

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Abdulsamad Rabiu ($3.7 billion)

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Abdul Samad Rabiu is one of the wealthiest men in Nigeria with a net worth of $3.7 billion. He is a multibillionaire, businessman, and seasoned industrialist from Nigeria who is well renowned for his skill in trading commodities. He is the founder and CEO of the Nigerian conglomerate BUA Group, which has interests in manufacturing, logistics, port operations, agriculture, and infrastructure.

His father, a successful businessman, left Rabiu a sizable amount of land in his bequest. In 1988, Rabiu began his own business by importing iron, steel, and chemicals while studying at Capital University in Ohio, the United States.

In addition to purchasing Nigeria Oil Mills, Abdulsamad Rabiu is the largest shareholder of BUA PLC, a publicly traded business. He now owns 98.5% of the shares in the BUA PLC following the merger of his private company, Obu, and the Cement Company of Northern Nigeria. On our list of the top 10 richest men in Nigeria, Abdul Samad Rabiu comes in at number five.

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