The world of business in Nigeria is dynamic, and the people at the top are a testament to the opportunities and challenges that shape the economy. Let’s take a closer look at the top 10 richest people in Nigeria in 2025 and how they’ve built their wealth.
10. Emeka Okonkwo
Emeka Okonkwo has carved out his place in the manufacturing sector with a net worth of $2.5 billion. He has made significant contributions to Nigeria’s industrial scene, particularly through his businesses that support the country’s growth.
Okonkwo’s journey is a great example of how focusing on the manufacturing industry can lead to considerable success.
9. Alafaa Kariboye-Igbo
Known as “Oil Money,” Alafaa Kariboye-Igbo has a net worth of $6.1 billion. His wealth comes from a combination of ventures in oil, real estate, and entertainment.
Kariboye-Igbo’s investments reflect a diverse approach to business, and his rise in various industries shows just how important it is to diversify your portfolio.
8. Emeka Offor
Emeka Offor has a net worth of $2.9 billion, largely coming from his ventures in the oil and gas sector. He’s the founder of Chrome Group, which has substantial holdings in oil, gas, and logistics.
Beyond business, Offor is also known for his philanthropy, especially in health and education, making him a well-respected figure in both business and social circles.
7. Orji Uzor Kalu
With a net worth of $3.2 billion, Orji Uzor Kalu is a key figure in both business and politics. He’s the founder of Slok Group, which operates in manufacturing, transportation, and media.
Kalu’s influence goes beyond his business empire, with his time as a governor and senator highlighting how business and politics can intersect.
6. Cletus Ibeto
Cletus Ibeto’s Ibeto Group, which spans across manufacturing, trading, and services, has earned him a net worth of $3.8 billion.
Ibeto made his fortune by starting with importing auto parts and growing his business into one of Nigeria’s most successful industrial conglomerates. His journey is a perfect example of how starting small can lead to big rewards.
5. Arthur Eze
Arthur Eze’s net worth of $5.8 billion comes from his leadership of Atlas Oranto Petroleum, a major oil exploration company in Africa.
Eze’s influence in Nigeria’s oil sector is significant, and his interests have expanded into aviation as well. His ability to navigate these industries showcases the potential of entrepreneurship in diverse sectors.
4. Femi Otedola
With a net worth of $1.48 billion, Femi Otedola has made a name for himself in telecommunications, oil, and finance.
As the chairman of Forte Oil, Otedola has expanded into real estate and finance, showing just how important it is to diversify and adapt to different markets. His strategic investments have put him among Nigeria’s wealthiest individuals.
3. Abdul Samad Rabiu
Abdul Samad Rabiu’s wealth, around $5.1 billion, is a result of his leadership at BUA Group, a conglomerate involved in cement production, sugar refining, and real estate.
Rabiu’s efforts to expand BUA Cement have been successful, making it the second-largest cement producer in Nigeria. His approach to business and growth is an inspiring example for others in the industry.
2. Mike Adenuga
Mike Adenuga is worth approximately $6.9 billion, making him the second richest person in Nigeria. The founder of Globacom, Nigeria’s second-largest telecom company, Adenuga also has substantial investments in oil through his company, Conoil Producing.
His interests also include banking and real estate, showing the breadth of his business empire.
1. Aliko Dangote
At the top of our list of the top 10 richest people in Nigeria is Aliko Dangote, who is the richest person in Nigeria, with an estimated net worth of $23.9 billion. His wealth is tied to the Dangote Group, which has major interests in cement, sugar, and flour production.
In 2024, Dangote expanded into the oil sector with the launch of the Dangote Petrochemical Complex. His bold investments and forward-thinking strategies continue to shape Nigeria’s economy, making him a key player in the country’s growth.
Article updated 2 months ago. Content is written and modified by multiple authors.
