20 Richest Politicians in Nigeria in 2023

The Federal Republic of Nigeria is the largest economy in Africa, and in this article, we are going to show you the richest politicians in the country.

Nigeria is a country with several politicians representing different political parties. Since 1999 when the country adopted a democratic system of government, we have seen several political parties and politicians emerge from different regions of the country.

With 36 governors and 109 senators, some of the richest politicians in the federal republic of Nigeria have served as governors or senators of the country. Some have served as heads of state during military rule and as presidents under the democratic system of government.

In a moment, we are going to list the twenty richest politicians in Nigeria, so stick around to find out which politician is on the list.

Richest Politicians in Nigeria

Who Are the Richest Politician in Nigeria?

If the late General Sani Abacha and Moshood Kashimawo Olawale Abiola were to be alive today, they could have been included on this list. Other prominent Nigerian politicians and businessmen could have made it to this list only if they were alive.

We are only looking at the richest politicians in the country who are still alive and active in politics and business. So, who are the richest politicians in the federal republic of Nigeria?

When discussing the richest politicians in the country, some of the names that come to one’s mind include Bola Ahmed Tinubu, Alhaji Atiku Abubakar, and former president Olusegun Obasanjo.

These are Nigerian politicians who also own businesses across the country. As we list out the richest politicians in the country and their net worth, we will also look at the businesses they are into.

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20 Richest Politicians in Nigeria

Here is a list of the richest politician in the federal republic of Nigeria and their net worth.

#20. Oluremi Tinubu: $430 million

Coming at number 20 on our list of richest politicians is Oluremi Tinubu.

Born in 1960, Oluremi Tinubu is a Nigerian politician and the former first lady of Lagos state. Her husband Bola Ahmed Tinubu served as the governor of Lagos state from 1999 to 2007.

Currently, Oluremi Tinubu is a senator under the All Progressive Congress (APC) representing the Lagos Central Senatorial District.

Oluremi Tinubu attended Our Lady of Apostle Secondary School Ijebu-Ode, Ogun state, Nigeria. She obtained her West African Senior Certificate Exam (WASSCE) back in 1979. She also obtained a bachelor of science in Education from the University of Ife.

As the first lady of Lagos state, Oluremi Tinubu created the New Era Foundation. An initiative dedicated to creating centres for all round development of young minds.

Tinubu was among the over 100 senators elected in 2015. She was one of the six women elected to the 8th assembly in 2015.

With a net worth of over $400 million, Oluremi Tinubu is one of the richest politicians in Nigeria.

#19. Godswill Akpabio: $530 million

Chief Godswill Obot Akpabio served as the governor of Akwa Ibom state from 2007 to 2015. Akpabio also served as the senate minority leader in the National House of Assembly from 2015 to 2018.

In August 2019, Senator Godswill Apkabio was appointed as the minister of Niger Delta Affairs. However, he resigned on 11 May 2022 in order to contest at the presidential primaries on the platform of the APC.

Before he joined the All Progressive Congress, Godswill Apkabio was a former member of the People’s Democratic Party (PDP). He served the people of Akwa Ibom for eight years and during his tenure, several infrastructures and projects were completed in the state of Akwa Ibom.

#18. Stella Oduah Ogiemwonyi: $600 million

Stella Oduah is one of the richest politicians in the federal republic of Nigeria. She was the former Minister of Aviation back in 2011. In February 2014, Stella was relieved of her duty as the Minister of Aviation.

Currently, Stella Oduah is a senator representing Anambra North Senatorial District. Rose Okoji Oko, Uche Ekwunife, Oluremi Tinubu, Fatima Raji Rasaki, Binta Garba, Abiodun Olujimi, and Stella Oduah were the only women elected in the 8th Assembly in 2015.

#17. Nyesom Wike: $600 million

Barrister Ezenwo Nyesom Wike is one of the most fearless politicians Nigerians have ever seen. The current governor of Rivers state is a strong member of the People’s Democratic Party (PDP).

Before he became the governor of Rivers state, Barrister Ezenwo Nyesom Wike served as the chairman of Obio Akpor Local Government Area from 1999 to 2007.

Wike attended the Rivers State University of Science and Technology (RSUT). Wike graduated from RSUT with a Bachelor of Laws degree. He also attended a Law School in 1997 and holds a Master of Arts degree in Political and Administrative Studies.

With a net worth of over $600 million, Barrister Ezenwo Nyesom Wike is one of the richest politicians in Nigeria.

#16. Adams Oshiomole: $625 million

Comrade Adams Oshiomle is a Nigerian politician who served as the governor of Edo state from 2008 to 2016. Oshiomole also served as the President of the Nigerian Labour Congress between 1999 and 2007.

Adams Oshiomole has also served as the National Chairman of the All Progressive Congress (APC). A position he held for two years before was suspended from office by the Abuja Court of Appeal in 2020.

#15. Ben Murray-Bruce: $715 million

Ben Bruce is a Nigerian businessman and politician who served as a senator representing Bayelsa East Senatorial District. He became a senor of the federal republic of Nigeria in 2015 under the platform of the People’s Democratic Party.

As a businessman, Ben Bruce is the founder of Silverbird Group. He is a motivational speaker, entrepreneur and politician who loves to share his honest opinion.

Ben Murray-Bruce is one of the richest politicians in Nigeria, with a net worth of over $700 million.

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#14. Chibuike Rotimi Amaechi: $780 million

Honourable Chibuike Rotimi Amaechi began his political career back in 1999 when he served as the speaker of the Rivers State House of Assemble.

In 2007, he became the governor of Rivers state under the umbrella of the People’s Democratic Party. 

After serving as governor of Rivers state, Amaechi was appointed as the Minister of Transport in 2019. He served as the Minister of Transport under the administration of President Muhammadu Buhari until May 2022.

#13. Dino Melaye: $800 million

Senator Dino Melaye is a native of Ayetoro Gbede in Ijumi Local Government Area of Kogi State. He served as the senator representing Kogi West Senatorial District from 2015 to 2019.

Dino left the People’s Democratic Party in 2015 and joined the All Progressive Congress (APC). He however returned to the PDP before the 2109 general elections.

With a net worth of $800 million, Senator Dino Melaye is one of the richest politicians in Nigeria.

#12. Ahmadu Adamu Mu’azu: $895 million

Born in 1955, Alhaji Ahmadu Adamu Mu’azu is a Nigerian politician and former governor of Bauchi state.

In 1999, Mu’azu contested as governor of Bauchi state on the People’s Democratic Party (PDP) platform and won. He completed his second tenure as governor in May 2007 and was succeeded by Malam Isa Yuguda.

Mu’azu attended Gindiri Boy’s Secondary School in the early 1970s. He also attended the School of Basic Studies at Ahmadu Bello University in Zaria.

From 2014 to 2015, Mu’azu served as the National Chairman of the People’s Democratic Party (PDP).

Alhaji Ahmadu Adamu Mu’azu is one of the richest politicians in the country with a net worth of over $800 million.

#11. Muhammadu Buhari: $1 billion

After President Olusegun Obasanjo, Muhammadu Buhari is the only person to serve as both Military Head of State and President of the Federal Republic of Nigeria.

President Muhammadu Buhari is a native of Daura in Kastina state and is currently the president of Nigeria. He was the country’s military head of state from 1983 to 1985.

He returned in 2015, contested and won the presidential election on the platform of the All Progressive Congress (APC). Buhari was re-elected in 2019 and will complete his tenure as president in May 2023.

#10. Orji Uzor Kalu: $1.1 billion

Before he became the governor of Abia state, Orji Uzor Kalu was a businessman selling palm oil to the northern region of Nigeria. 

At the age of 26, Kalu received the National Merit Award in 1986 from then-president Ibrahim Babangida.

He was successful in doing business abroad in countries like the United Kingdom, South Africa, Ghana, Togo, and Liberia. Kalu is currently the senator representing Abia North Senatorial District.

As chairman of SLOK Holding and the Daily Sun and Telegraph newspapers, Senator Orji Uzor Kalu is one of the richest politicians in Nigeria.

#9. Rochas Okorocha: $1.5 billion

Rochas Okorocha is a former governor of Imo state who served the people from 2011 to 2019. Rochas began his political career in 1999. In that year, Rochas competed in the primaries to be the People’s Democratic Party (PDP) candidate for governor of Imo state.

He however lost the primary election to the former governor of Imo state, Achike Udenwa. In 2003, President Olusegun Obasanjo appointed Okorocha as the Special Adviser on Inter-Party affairs.

Senator Rochas Okorocha is one of the richest politicians in the country with a net worth of over $1 billion.

#8. Olusegun Obasanjo: $1.6 billion

Chief Olusegun Mathew Aremu Obasanjo is a Nigerian politician, businessman, and author. Obasanjo was the military head of state of the Federal Republic of Nigeria from 1976 to 1979.

In 1999 when Nigeria adopted a democratic system of government, Olusegun Obasanjo was elected as the first president on the platform of the People’s Democratic Party (PDP). Obasanjo completed his second tenure in May 2007 and he was succeeded by Umaru Musa Yar’Adua.

To this day, Olusegun Obasanjo is considered a kingmaker and father of the nation. Besides serving as both military head of state and president, Obasanjo also served as the Federal Minister of Defence and 3rd Chief of Staff, Supreme Headquarters.

#7. Emmanuel Nnamdi Ubah: $1.7 billion

Next on our list of richest politicians in Nigeria is Emmanuel Nnamdi Ubah popularly known as Andy Ubah. Ubah served as a senator representing Anambra Senatorial Soutrh Senatorial District.

In 2007, Ubah won the gubernatorial election in Anambra state on the platform of the People’s Democratic Party (PDP). He was however declared unduly elected by the Supreme Court of Nigeria.

Ubah completed his tenure as senator representing Anambra South Senatorial District in May 2019. He was succeeded by Ifeanyi Ubah in that same year.

#6. Ifeanyi Ubah: $1.7 billion

Born in 1971, Patrick Ifeanyi Ubah is a Nigerian politician and businessman who is currently serving as senator representing Anambra South Senatorial District.

Ifeanyi Ubah is a businessman, the CEO of Capital Oil and the owner of Ifeanyi Ubah Football Club. Ubah is a successful businessman and an exporter of motor tyres and spare parts.

Ubah’s net worth is over $1 billion, considering his business ventures in countries like Belgium, the United Kingdom, and African neighbours.

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#5. Atiku Abubakar: $1.8 billion

Alhaji Atiku Abubakar served as the Vice President of the Federal Republic of Nigeria from 1999 to 2007.

Every Nigerian is familiar with the name Atiku Abubakar. He has contested for the office of the President of the Federal Republic of Nigeria a record five times and remains unsuccessful.

The Waziri of Adamawa is currently contesting for the office of the president on the People’s Democratic Party (PDP) platform.

#4. David Mark: $2 billion

Senator David Mark is one of the richest politicians in Nigeria. David Mark was the senate president of the Federal Republic of Nigeria from 2007 to 2015.

He also served as Military Governor of Niger State in the 1980s.

#3. Abubakar Bukola Saraki: $2 billion

Here is another former senate president of the Federal Republic of Nigeria. Bukola Saraki was the former governor of Kwara state before he became the senate president of Nigeria in 2015. 

He also represented Kwara Central Senatorial District from 2011 to 2015.

#2. Ibrahim Badamasi Babangida: $2 billion

Ibrahim Babangida is a native of Niger state and former military head of state of the country. Babangida is one of Nigeria’s richest politicians, with a net worth of over $1 billion.

#1. Bola Ahmed Tinubu: $8.4 billion

Popularly called the Jagaban of Lagos, Bola Ahmed Tinubu is a Nigerian politician with a net worth of over $8 billion.

The Jagaban of Lagos is currently contesting for the office of the president on the platform of the All Progressive Congress (APC). Tinubu is the richest politician in the Federal Republic of Nigeria.

Conclusion

Some politicians in Nigeria are richer than leaders of most countries around the world. These politicians have been accused of money laundering and embezzlement of public funds.

However, some of the politicians on our list are genuine businessmen and own businesses across the country and beyond.

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