The Top 10 Richest Politicians in Nigeria 2020

The Top 10 Richest Politicians in Nigeria 2020

The Richest Politicians in Nigeria

Who are the richest politicians in Nigeria? 

This list is filled with incumbent Senators, former Senators, incumbent Governors, former Governors, former President and even former Heads of State. They have accumulated lots of wealth over their years in power in addition to their founded enterprises.

Some were in power for a full tenure while others only had half of it but either way they are recognized as the richest politicians in Nigeria .The likes of former Imo State governor, Rochas Okorocha, APC national chairman, Bola Tinubu and former vice president, Atiku Abubakar are top names on list.

S/NoPoliticians Net Worth
10Dino Melaye$33.3 million
09Seyi Makinde $134 million
08Nasir El-Rufai$400 million
07Orji Uzor Kalu $700 million
06Rotimi Amaechi $780 million
05Rochas Okorocha $1.4 billion
04Atiku Abubakar $1.4 billion
03Olusegun Obasanjo $1.5 billion
02Ifeanyi Ubah $1.7 billion
01Bola Tinubu $3 billion


Top 10 Richest Politicians in Nigeria (2020)

10) Dino Melaye Net Worth - $33.3 million 

Richest Politicians in Nigeria - Dino Melaye

Dino Melaye is the 10th richest politician in Nigeria as of 2020. The former senator was a member of the 8th Nigerian assembly representing Kogi West senatorial zone. He is a member of the People's Democratic Party (PDP).

During the reign of President Olusegun Obasanjo, Dino was appointed to chair the presidential advisory council on youths. He sponsored about 20 bills and moved over 30 motions in the 8th national assembly.

Dino Melaye contested for the Kogi State gubernatorial seat but lost during the primary election to Engr Musa Wada. He was the chairman senate committee on Federal Capital Territory (FCT) Abuja. 

As of 2020, Dino Melaye's net worth is estimated at $33.3 million. He lost his senatorial seat to Senator Smart Adeyemi in 2019 and lost his appeal to retain it. 


9) Seyi Makinde Net Worth - $134 million 

Richest politicians in Nigeria - Seyi Makinde

Seyi Makinde is a Nigerian businessman, politician and philanthropist. The engineer and subject matter expert on fluid and gas metering is the current governor of Oyo State.

He is the Group Managing Director of Makun Group limited. Makinde established his first oil and gas private business, Makun Engineering and Technical Services (METS) at age of 29 after lots of years acquiring experience with international oil and gas. 

The 52 years old politician contested for the Oyo State gubernatorial seat in 2015 under the Social Democratic Party (SDP) but lost to his opposition. 

Makinde joined PDP in 2017 and claimed that he didn't join the political party for personal gains but for the development of his state. 

He won as the governor of Oyo State under PDP during the 2019 general elections. He was sworn in as the state's 28th governor on May 29th, 2019.

As of 2020, Seyi Makinde's net worth is estimated at $134 million. He is a member of the Nigerian Society of Engineers (NSE), Oil and Gas Design Engineers of Nigeria (OGDEN), International Society of Automation (ISA) and more. Makinde is one of the richest governors in Nigeria. 

8) Nasir El-Rufai Net Worth - $400 million

Richest politicians in Nigeria - Nasir El-Rufai

Nasir El-Rufai is the incumbent governor of Kaduna State. He was elected as the governor of the state in 2015 and got re-elected in 2019. El-Rufai is one of the founding members of the ruling party All Progressive Congress (APC).

Under the tenure of President Olusegun Obasanjo. He was the Minister of the Federal Capital Territory (FCT) from 2003 to 2007. He is also one of the most academically educated politicians in the country attaining lots of degrees from various top universities of the world. 

A quantity surveying consulting firm, El-Rufai & Partners was established in 1982 with three partners. The company made El-Rufai and his partners young millionaires with huge contracts awarded to them. He also held management positions with AT&T Network Systems International and Motorola Inc. 

As of 2020, Nasir El-Rufai's net worth is estimated at $400 million. Under his administration, 22,000 unqualified teachers were sacked and the collection of fees and levies in public primary and  Junior secondary schools were abolished. 

7) Orji Uzor Kalu Net Worth - $700 million 

Richest Politicians in Nigeria - Orji Uzor Kalu

Taking the 7th position as one of the richest politicians in Nigeria is the businessperson and former governor of Abia State. He is a current member of the All Progressive Congress and a senator of the federal republic of Nigeria under the party. 

He is the chairman of SLOK Holding and the Daily Sun and New Telegraph newspapers in Nigeria. Kalu established SLOK Holding, a conglomerate that consists of successful companies and operates in other countries like Ghana, Cotonou, Botswana, Togo, Guinea, Liberia, South Africa and United States of America. 

Orji Uzor Kalu headed First International Bank Limited at the age of 33. He also stewarded Nigerian commercial relations with China's Sino Pacific shipbuilding company while serving as a principal of SLOK Holding.

As of 2020, Orji Uzor Kalu's net worth is estimated at $700 million. He is also one of the richest Igbo men in Nigeria having the 9th position on that list. 

6) Rotimi Amaechi Net Worth - $780 million

Richest politicians in Nigeria - Rotimi Amaechi

The sixth position belongs to the current minister of Transportation in the cabinet of Muhammadu Buhari. Rotimi Amaechi was the former governor of Rivers State and also was a member and the speaker of the Rivers State House of Assembly. 

Amaechi's political career started from the Local Government. He was the secretary of the National Republican Convention in Ikwerre Local Government Area of Rivers State during the transition to the third Nigerian republic.

After his tenure as governor of Rivers State, he was appointed to the cabinet of Muhammadu Buhari as Federal Minister of Transportation in 2015 and got re-nominated in 2019.

As of 2020, the net worth of Rotimi Amaechi is estimated at $780 million making him one of richest politicians in Nigeria. 


5) Rochas Okorocha Net Worth - $1.4 billion 

Richest politicians in Nigeria - Rochas Okorocha

Owelle  Rochas Anayo Okorocha is a Nigerian politician from Imo State. He is the incumbent senator of the Imo West senatorial district and also the former governor of Imo State, being in power till 2015.

The 57 years old senator is a big member of the ruling party, All Progressive Congress (APC). He became the governor of Imo State under All Progressive Grand Alliance (APGA) before decamping to his current political party. 

Rochas is also a known philanthropist and the founder of Rochas foundation. The charity organization lends help and scholarships to less privileged children in Nigeria. As of 2020, Rochas Okorocha's net worth is estimated at $1.4 billion. 

4) Atiku Abubakar Net Worth - $1.4 billion 

Richest politicians in Nigeria - Atiku Abubakar

Having the fourth position on the list of the richest politicians in Nigeria 2020 is the former vice president of Nigeria. Atiku Abubakar is a Nigerian politician and businessman. 

He was sworn in as the Vice President of Nigeria on 29 May, 1999. The second tenure of Atiku Abubakar as the vice president met a stormy relationship with President Olusegun Obasanjo. 

Since the return to democracy, Atiku has contested in all the elections. From 1993, he has unsuccessfully contested six times for the office of the President of Nigeria. During the 2019 general elections, he contested under the PDP flag but lost to Muhammadu Buhari. 

As of 2020, Atiku Abubakar's net worth is estimated at $1.4 billion. He is one of the most influential individuals in Nigeria. 

3) Olusegun Obasanjo Net Worth - $1.5 billion 

Richest Politicians in Nigeria - Olusegun Obasanjo

Olusegun Obasanjo or OBJ as he is fondly referred to is the former military Head of State and president of the Federal Republic of Nigeria. 

Regarded as a staunch member of the People's Democratic Party (PDP) and a Godfather in the Nigerian politics. He was an open criticizer of Abacha's administration and got arrested in 1995. He was released after the death of Sani Abacha in 1998.

He got elected in the 1999 presidential election and also re-elected in 2003 till the end of his tenure. As of 2020, Olusegun Obasanjo's net worth is estimated at $1.5 billion making him the third richest politician in Nigeria. 

2) Ifeanyi Ubah Net Worth - $1.7 billion 

Richest Politicians in Nigeria - Ifeanyi ubah

The oil man is the second politician on our list. Patrick Ifeanyi Ubah is a Nigerian businessman, entrepreneur and politician. He is the senator representing the Anambra south senatorial district in the senate. 

Ubah is the CEO of Capital Oil .He assumed office as a senator on February 24, 2019. He was an expert on motor tyres and spare parts mainly in West African countries before he founded Capital Oil and Gas Limited. 

He is the owner of a Nigerian daily newspaper, Authority newspaper and one of the football clubs in the Nigerian Professional Football League, Ifeanyi Ubah FC. 

As of 2020, Ifeanyi Ubah's net worth is estimated at $1.7 billion. He is a member of the Young Progressive Party (YPP) which is the platform he won as a senator in 2019.


1) Bola Tinubu Net Worth - $3 billion 

Richest politicians in Nigeria - Bola Tinubu

Chief Bola Tinubu is the richest politician in Nigeria. He is the current national leader of the All Progressive Congress (APC) and the former governor of Lagos State. 

Tinubu was in negotiations to bring together the fragmented opposition parties into a "mega-party" challenging the PDP. In 2013 his negotiations paid off with merger of many big opposition parties to form the All Progressive Congress (APC).

Tinubu has played an important role in the Buhari administration supporting government policies and holding onto the international party reins instead of his rumored presidential aspiration.

As of 2020, Bola Tinubu's net worth is estimated at $3 billion. He was in the petroleum segment before kicking off his political career. 

References 

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