Some of Nigeria’s wealthy individuals are well-known for being Politicians. Due to their wages, benefits, and other compensation, certain government leaders have also made the top lists of the richest men and women. Discover the richest politicians in Nigeria in this article.

Governors, senators, deputy senators, and other officials appear on the list of Nigeria’s wealthiest politicians.

Also, check out The Local Governments in Nigeria.

Without a question, some of the wealthiest Nigerian politicians are not only passionate about the work they do, but they also think it is wise to spend their wealth and resources through business agreements, real estate, inheritance, and other investments.

Richest Politicians in Nigeria

Some of the richest politicians in Nigeria include:

Bola Ahmed Tinubu – $8.4 Billion

Since the APC’s founding in 2013, politician and accountant Bola Ahmed Tinubu has led the organization at the national level.

He was elected governor of Lagos State in 1999, a position he held from 1999 to 2007.  Also, He earned a bachelor’s degree in business administration from Chicago State University in 1979.

Before he developed an interest in politics, he worked with companies like; Deloitte, Arthur Andersen, Haskins & Sells, GTE Services, and Mobil Oil. He’s estimated to have a net worth of $8.4 billion.

Ibrahim Badamasi Babangida – $5 Billion

One of Nigeria’s previous leaders was General Ibrahim Babangida. At one point, he was such a challenging boss that people began to call him “Maradona” or “The Evil Genius.”

His birth took place in Minna on August 17, 1941. Before succeeding Gen. Muhammadu Buhari as president in August 1985, he was the Chief of Army Staff. He was Nigeria’s 8th president before he stepped down in 1993.

Babangida’s net worth is thought to be more than $5 billion.

Ifeanyi Ubah – $1.7 Billion

Patrick Ifeanyi Ubah, a Nigerian businessman, and entrepreneur born on September 3, 1971, is the third-richest politician in Nigeria. He is currently a senator for Nigeria’s Anambra South Senatorial District.

He is also the Chief Executive Officer of Capital Oil (CCO), an Oil Company founded in 2001.

Ifeanyi Ubah increased the scope of his business operations by entering European nations like Belgium and the United Kingdom.

Also, He exports various auto tires and parts as an exporter to nations including Sierra Leone, Ghana, Liberia, and the Democratic Republic of the Congo.

In addition, He established The Authority, Nigeria’s daily newspaper, and he currently owns Ifeanyi Ubah F.C., a Nigerian Premier League football team that was previously known as Gabros International Football Club.

He is now sitting on a whooping estimated net worth of $1.7 billion which makes him one of the richest politicians in Nigeria 

Olusegun Obasanjo – $1.6 Billion

Olusegun Obasanjo, a Nigerian general, statesman, and diplomat, was the first military ruler of the continent to cede power to a civilian administration.

The former civilian president of Nigeria from 1999 to 2007 and military dictator from 1976 to 1979, Obasanjo was born in Abeokuta, Nigeria, on March 5, 1937.

Obasanjo rose swiftly through the ranks of the army while serving. From 1967 until 1970, he oversaw a commando division that was stationed in the Biafran front in southeast Nigeria. The conflict came to an end when the Biafrans submitted to him in January 1970.

Some claim that Obasanjo is a representative of post-colonial Africa. Without a question, he deserves to be listed among Nigeria’s wealthiest politicians.

He is regarded as one of Nigeria’s top presidents due to his numerous remarkable accomplishments. According to Forbes, he is also one of Nigeria’s wealthiest politicians.

He’s estimated to have a net worth of $1.5 billion.

Also, check out The Best Power Banks in Nigeria.

Rochas Okorocha – $1.4 Billion

Nigerian politician Rochas Okorocha is of Igbo heritage and is from the Imo state. Rochas Okorocha was born on March 22, 1962. From modest beginnings, he rose to become the state governor.

He was a peddler in Barkin Ladi, Jos, because his parents were poor. Rochas Okorocha had already entered politics by the year 2007 and had amassed a sizable following, which led him to compete for governor in that year’s general election under the Peoples Democratic Party’s banner (PDP).

Rochas was elected governor of the state in 2011 under the All Progressive Congress party and held office for a total of four years.

He is currently representing the Imo West Senatorial seat in the 9th Nigerian Senate.

Rochas is one of several politicians who, through perseverance and hard work, climbed to become one of Nigeria’s wealthiest politicians. Before entering politics, he had already achieved some success.

Atiku Abubakar -$1.4 Billion

Atiku Abubakar is a politician and businessman. He was born in Nigeria on November 25, 1946.

During Olusegun Obasanjo‘s administration, he served as Nigeria’s Vice President from 1999 to 2007. He is currently running to become the country’s next president.

He left the military in April of 1989 and began working full-time in business and politics right away. As the second northerner on this list of Nigeria’s wealthiest politicians, his business and investment operations have earned him that position.

He unsuccessfully ran for governor of the former Gongola State, which has since been split into the states of Adamawa and Taraba, in 1991. In 1993, he then launched a second unsuccessful presidential campaign.

Throughout his political career, Atiku has made a total of five unsuccessful bids for the president of Nigeria. He’s never had any real success.

He is currently running for president in 2023, thus he would be unwaveringly satisfied with his success in those elections.

Orji Uzor Kalu – $1.1 Billion

Certainly one of Nigeria’s billionaires is Orji Uzor Kalu. In Nigeria, he is well-known in both the political and business spheres.

He serves as the Senate’s Chief Whip in addition to representing Nigeria’s Abia North Senatorial District as a senator.

Under the People’s Democratic Party’s banner, Kalu successfully ran for and was elected governor of Abia State in Nigeria in 1999. From 1999 until 2007, he was the governor of Abia State for a total of two terms.

He established his first business at the age of 19, dealing in goods including sugar, rice, and palm oil. He had already been expelled from the institution for organizing several student disruptions. According to Forbes, he had to borrow $35 from his mother to start the business.

Later in life, he held positions in the manufacturing of furniture and transportation. By the time he was twenty, he had amassed a million dollars in riches.

He was listed as having the 49th-highest net worth among the 50 richest Africans in 2015 by Forbes Magazine. Without a question, Kalu is among Nigeria’s most prosperous and accomplished politicians.

Ahmadu Adamu Mu’azu – $895 Million

Alhaji Ahmadu Adamu Mu’azu is a Nigerian politician who was born on June 11th, 1955 in Boto, which is a part of the Tafawa Balewa Local Government of Bauchi State, Nigeria.

The Nigerian politician, Ahmadu Adamu Mu’azu previously held the positions of national chairman of the People’s Democratic Party and governor of Bauchi State (PDP). One of Nigeria’s richest politicians, he has a lot of money. RNN would look into his medical background, life story, and net worth.

One of his duties at the Bauchi State Investment and Property Development Company, where he worked, was property management.  He is among the top ten wealthiest politicians in all of Nigeria, earning a total of $895 million.

He has three vehicles parked in his garage: a Lexus LX570, a Range Rover Discovery, and a Toyota Prius.

Dino Melaye – $800 Million

Dino Melaye is a politician from Nigeria who served in the 8th Nigerian National Assembly and represented the Kogi West senatorial constituency.

In the Senate from 2007 until 2015, Melaye was active. His native town is the Ayetoro Gbede community in Kogi State’s Ijumu Local Government Area.

The seasoned politician is well known for his collection of pricey cars, which includes a Bugatti Veyron (worth $616 million), three Rolls-Royces (each worth $318 million), Lamborghini Huracans (each worth $86.7 million), Bentley Continentals (each worth $71 million), and a large number of other exotic and luxury cars.

Dino Melaye’s estimated net worth of $800,000 makes him one of Nigeria’s wealthiest politicians.

Rotimi Amaechi – $780 Million

Chibuike Rotimi Amaechi formerly served as governor of Rivers State from 2007 until 2015.  Currently, he serves as Nigeria’s minister of transportation.

President Muhammadu Buhari selected Chibuike Rotimi Amaechi, a politician from Nigeria, to be the nation’s cabinet’s minister of transportation. Since April 2016, he has been in this post.

Between 1999 and 2007, he served as Speaker of the Rivers State House of Assembly. He also served as Governor of the oil-rich Rivers State from 2007 to 2015. Amaechi enjoys buying expensive cars.

Mercedes Amg G63, Mercedes-Maybach Vision 6, Lexus LX 570, and a Land Rover are some of the vehicles in his collection. He has a net worth of about $780 million

Final Notes on The Richest Politicians in Nigeria

The wealthiest politicians in Nigeria are well-known individuals who have spent a portion of their careers in politics and have also diversified their wealth into businesses and other investments. 

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