FULL LIST: 2015 Nigeria’s Richest Multi-Billionaires And Their Net Worth [PHOTOS]

Nigeria has been rated as Africa’s leading nation to boast of most millionaires a result of its crude oil exploration. Here’s a list of newly rated richest people in Nigeria and their net worth as we start from the least:

13. Tunde Folawiyo – Net Worth $400 Million: Tunde Folawiyo is a Nigerian businessman. He is the managing director of Yinka Folawiyo Group, a conglomerate founded by his father, Wahab Folawiyo. He took over the company in 2008 when his father died.

12. Oba Otudeko – Net Worth $550 Million: Dr. Oba Otudeko, CFR is an astute and highly successful Nigerian investor and entrepreneur whose domestic and foreign interests cut across diverse sectors of the economy. Oba is the founder and chairman of Honeywell Group. The group’s operations stretch across flour milling, oil and gas, marine transportation and real estate. He also owns Radisson Blu in Lagos, Nigeria.

11. Hakeem Belo-Osagie – Net Worth $550 Million: Hakeem Belo-Osagie is a 58-year old Nigerian businessman listed by Forbes as the 40th richest man in Africa. Harvard Business School-trained petroleum economist Hakeem Belo-Osagie chairs the Nigerian arm of UAE telecom provider Etisalat.

10. Mohammed Indimi – Net Worth $550 Million: A distinguished and highly successful businessman, Dr. Indimi is the sole Founder and Chairman of Oriental Energy Resources, Limited. He has over 20 years’ experience in the Nigerian Upstream Oil and Gas sector. Dr. Indimi is an astute business man with a notable presence in the international business arena.

9. Jim Ovia – Net Worth $900 Million: This self-made millionaire is married and has two children. He resides in Lagos. This successful banker founded Zenith Bank Group. With market capitalization of more than $4 billion, it is one of Nigeria’s largest financial services groups.

8. Orji Uzor Kalu – Net Worth $1 Billion: Orji Uzor Kalu is the chairman of SLOK Holding and the Daily Sun and New Telegraph newspapers in Nigeria, who served as the governor of Abia State, Nigeria from May 29, 1999, to May 29, 2007.

7. Tony Elumelu – Net Worth $1 Billion: Tony O. Elumelu is an economist by training, a visionary entrepreneur and a philanthropist. Tony is the Chairman of Heirs Holdings, the United Bank for Africa, Transcorp and founder of The Tony Elumelu Foundation.

6. Theophilus Danjuma – Net Worth $1.1 Billion: General Theophilus Yakubu Danjuma GCON FSS psc is a Nigerian Jukun soldier, politician and multi-millionaire businessman and philanthropist. He was Nigerian Army Chief of Army Staff from July 1975 to October 1979.

5. Abdulsamad Rabiu – Net Worth: $1.2 Billion: AbdulSamad Isyaku Rabiu CON is a Nigerian businessman. His father, Khalifah Isyaku Rabiu was one of Nigeria’s foremost industrialists in the 1970s and 1980s.

4. Femi Otedola Net Worth – $1.2 Billion: Femi Otedola is a Nigerian businessman. He is Chairman of Forte Oil Plc, and appeared as one of only two Nigerians to appear on the 2009 Forbes list of 793 dollar-denominated billionaires in the world.

3. Folorunsho Alakija – Net Worth $2.5 Billion: Folorunsho Alakija is a Nigerian businesswoman who has replaced Isabel dos Santos as the richest African woman, and also is the richest woman of African descent in the world.

2. Mike Adenuga – Net Worth: $4.6 Billion: Michael Adeniyi Agbolade Ishola “Mike” Adenuga Jr is a Nigerian business tycoon, and one of the richest black people in the world. The self made Nigerian billionaire is the founder of Globacom, Nigeria’s second largest mobile phone network.

1. Aliko Dangote Net Worth – $ 21.6 Billion: Aliko Dangote GCON is a Nigerian billionaire businessman, who owns the Dangote Group, which has interests in commodities. The company operates in Nigeria and other African countries, including Benin, Cameroon, Ghana, South Africa, Togo and Zambia.

Could Nigeria Become the World's Next Hot Tourist Destination?

Nigeria is an oil rich nation. While that has helped it grow into one of the largest economies in Africa, the recent downturn in oil prices has caused a significant pinch in the nation's cash flow. This has led both the Nigerian government and outside economic thinkers to discuss ideas for ways, the Nigerian economy can not only solve its short-term financial problems, but also cure its nation's dependence on oil exports for longer-term growth.


One interesting suggestion, made by Chairman and Chief Executive Officer of the Roseview Hotel, Oritsebemigho Eyeoyibo, would be to inject significant investment into the nation's tourism and hospitality industry. He made this observation during an interview with the Guardian. Eyeoyibo, as an executive in the hospitality industry, knows a thing or two about generating revenues with tourism and hospitality. He is convinced that, with adequate investment from the government and foreign interests, tourism and hospitality could not only replace the loss from dropping oil prices, but also actually boost and expand the entire economy.


"Tourism is a goldmine not well harnessed despite its huge exchange potentials," he said during the interview. He complained that Nigeria has made little effort to develop any sort of tourism, and the nation invests very little in this sector. Yet, given its location, impressive scenery, long history, and other attractive characteristics, he believe it could become a major tourist destination, attracting people (and their money) from all parts of the world into the country.

Many observers of the Nigerian economy have long feared the nation has developed an over-reliance on oil production. Eyeoyibo is among these concerned parties, and indicated during his interview that the Nigerian government must view the recent drop in oil prices as a wake-up call. "With good infrastructure in place, tourism would be a money spinner with better prospects than oil."

Unfortunately, infrastructure is a major problem for the Nigerian state. According to a study by the World Bank, Nigeria ranks 75th in the world for its infrastructure. To reach the sort of tourism goals that Eyeoyibo has envisioned would require massive investment by the government and foreign investors to improve airports, roads, power supply, and other aging and under-developed infrastructure components.

While this would bring the comforts of home to the tourists visiting the African nation, it would have the spillover effect of benefiting the population as a whole, as well. That, in turn, could end up improving other areas of the Nigerian economy in the process, such as strengthening its already burgeoning services sector, and improving the means for export of finished goods.

Anarchy Looms At Alaba Market

THE popular Alaba International Market, Ojo, Lagos, may have its peaceful rhythm punctured if the crisis brewing at its Fancy and Furniture Section is not quickly and amicably checked.

The leadership of the Care Taker Committee of the Fancy and Furniture Market Association, headed by Chief Maduka Arubaraezeama, has alerted the public to the activities of some people he described as agents of darkness who he said are bent on destabilising the peace of the market.

In a statement issued in Lagos on Monday June 22, made available to Daily Independent, Maduka restated his resolve not allow this to happen, even as he called on well-meaning Nigerians to intervene in the market crisis before the matter got out of hand.

He accused some self-styled ‘godfathers’ of using the machinery of the state such as the police and the State Security Service (SSS) to allegedly intimidate and terrorise traders.

He said that the recent decision by these ‘godfathers’ to traverse the length and breath of the market, sealing off and closing up the traders’ shops was a recipe for confusion and anarchy and should be stopped as the actions were unauthorised by the Care Taker Committee.

He reminded them that the Electoral Committee in which they served had longed been dissolved by the Chairman of the Board of Trustees of the Market Association, Chief Alex Emechebe.

Maduka advised the ‘godfathers’ to learn to appreciate the rule of law and duly constituted authority, noting that traders in the market are peace-loving and should be allowed to go about their businesses without any form of disturbance and molestation.

He wondered why the Area ‘E’ Police Command should come into the fray and appoint a new Care-Taker Committee Chairman for the market while the matter was being resolved.

AFRICAN ENTREPRENEUR COLLECTIVE

Building the capacity of African entrepreneurs to create jobs

African Entrepreneur Collective is a collection of business accelerators that support local entrepreneurs to drive job growth.
AEC accelerators partner with young entrepreneurs to build their skills, expand their networks, and grow their businesses so that they may employ others.      
Since launching in Rwanda in 2012, our model has already helped create more than 700 jobs, providing gainful employment to local people while contributing to the country’s economic and social development.       

Click on the link to learn more www.africanentrepreneurcollective.org