Top 10 Richest Governors in Nigeria (2020)

Top 10 Richest Governors in Nigeria (2020)

Richest Governors in Nigeria (2020)

Politics is the fastest way to get money in the country. Though some of these men were very wealthy before assuming their respective offices, there is literally no accountability and meaning enough motivation to take how much you want without any trace. 

Most are businessmen or entrepreneurs, controlling lots of ventures and owning huge net worths. Our list of richest governors in Nigeria (2020) was compiled by nigerianinfopedia and naijaquest. 

Page Content 

S/N   Governors  StateNet Worth
10Bala MohammedBauchi$5.6 million
9Yahaya BelloKogi$5.6 million
8Aminu Waziri TambuwalSokoto$27 million
7Seyi MakindeOyo$130 million
6Godwin ObasekiEdo$225 million
5Willie ObianoAnambra$230 million
4Dapo AbiodunOgun$270 million
3Nyesom WikeRivers$270 million
2Nair Ahmed El-RufaiKaduna$400 million
1Sani BelloNiger$1 billion

The Richest Governors in Nigeria (2020)

10) Governor Bala Mohammed Net worth - $5.6 million 

Richest Governors in Nigeria - Bala Mohammed

The Bauchi state governor is the 10th richest governor in Nigeria in 2020. Bala Mohammed has held various government offices previously. 

He was a Senator from Bauchi State between 2007 to 2010. Mohammed also served as the Minister of Federal Capital Territory assuming office from 2010 running to 2015.

Governor Bala Mohammed is a leading member of the Peoples Democratic Party (PDP). He joined the party after the death of late president Umaru Yar'Adua and became a close associate of Goodluck Jonathan. 

The Economic and Financial Crimes Commission (EFCC) arrested Bala in 2016 for financial crimes worth over N1.3 trillion and a $2 billion arms deal racketeering. All corruption trials were suspended after he became the governor of Bauchi State. 


9) Governor Yahaya Bello Net Worth - $5.6 million 

Richest Governors in Nigeria - Yahaya Bello

The incumbent Governor of the state of kogi is also a well known businessman. He assumed the office of the governor on 27th January in 2016.

He belongs to the Nigerian ruling party All Progressive Congress (APC). Yahaya Bello's gubernatorial win has always been questioned and not accepted by his oppositions.

On July 2020, The Appeal Court in Abuja affirmed him as the governor of the state after various appeals from PDP, APP, SDP and DPP. 

8) Governor Aminu Waziri Tambuwal Net Worth - $27 million 

Richest Governors in Nigeria - Aminu Waziri Tambuwal

Aminu Waziri Tambuwal of Sokoto state is one of the richest governors in Nigeria taking the 8th position with estimated net worth of $27 million. 

A strong member of the Peoples Democratic Party (PDP), he has been the governor of Sokoto State since assuming office on May 2015 and reelected in 2019.

Aminu Tambuwal has been on other government seats. Between 2003 and 2007 he was a member of the House of Representatives of Nigeria and served as Deputy Chief Whip of the House of Representatives of Nigeria from 2007 to 2011.

Waziri assumed office as the speaker of the House of Representatives of Nigeria on June 2011 after being the Deputy Chief Whip. He has been associated with the Nigerian Bar Association and other Associations.


7) Governor Seyi Makinde Net worth - $130 million 

Richest Governors in Nigeria - Seyi Makinde

Seyi Makinde is a well known Nigerian businessman and philanthropist. He established his first oil and gas private business called Makon Engineering and Technical Services (METS) at the age of 29.

The engineer is the current Group Managing Director for Makon Group Limited which is an indigenous oil and gas company in Nigeria. 

Makinde won on his second contest of Oyo State gubernatorial seat in 2019 after his first with social democratic party (SDP) failed and joined the Peoples Democratic Party (PDP) later. 

6) Governor Godwin Obaseki Net worth - $225 million 

Richest Governors in Nigeria - Godwin Obaseki

Governor Obaseki is the governor of Edo State. Got sworn in on November 12, 2016 as the executive governor of the state. He is a high-class member of the Peoples Democratic Party (PDP).

Obaseki is a fellow of the Chartered Institute of Stock Brokers, Nigeria. He has worked with Capital Trust Brokers Limited, International Merchant Bank, AVC Funds Limited and a private firm in New York. 

He owns one of the most reputable investment banking and management firms in Nigeria, Afrinvest. Obaseki in 1995 established the company and stepped down as the chairman of its board of directors to contest for gubernatorial election in 2016.

As of 2020, Godwin Obaseki net worth estimate at $225 million. The governor has vigorously pushed Edo State as a viable investment destination. He has also contributed to the fight against human trafficking and illegal migration. 

5) Governor Willie Obiano Net worth - $230 million 

Richest Governors in Nigeria - Willie Obiano

Willie Obiano who is the popular governor of Anambra state is the 5th richest governor in Nigeria as of 2020. The banker and technocrat had an incredible banking career before turning to politics. 

He belongs to the All Progressive Grand Alliance (APGA) which is the leading political party in Anambra State. He contested for the state's gubernatorial seat and won in 2014 and reelected as Governor in 2017 still under the party.

Before he left the banking system in 2013 for politics he had worked for various banks and companies like the First Bank of Nigeria, being an accountant for Chevron oil Nigeria Plc and rose to Chief Internal Auditor and Fidelity Bank. 


4) Governor Dapo Abiodun Net worth - $270 million 

Richest Governors in Nigeria - Dapo Abiodun

Dapo Abiodun is the incumbent governor of Ogun State. The 60 years old Nigerian businessman won the gubernatorial seat of Ogun State after the 2019 general elections under the All Progressive Congress (APC). 

The governor is the managing director of Heyden Petroleum and the founder of First Power Limited. He was the board chairman of the Corporate Affairs Commission.

Though Dapo is in All Progressive Congress (APC) he was a founding member of the Peoples Democratic Party (PDP) for Ogun State. He has served as member of various presidential committees and organizations. 

His educational background is somewhat complicated. During the 2019 general elections, he was having certificate scandals but always claimed he got a degree from Obafemi Awolowo University. 

3) Governor Nyesom Wike Net worth - $270 million 

Richest Governors in Nigeria - Nyesom Wike

Nyesom Wike is a Nigerian politician and lawyer. So Rivers State has their governor on the third position as one of the richest governors in Nigeria. 

Believe me the reputations of Nyesom Wike is really high and doesn't disappoint. A graduate o Rivers State University of Science and Technology and one of the strongest members of the Peoples Democratic Party. 

He has held offices of the Minister of State for Education and Acting Minister of Education. He left the later seat for the pursuit of his gubernatorial position in Rivers State. 

Nyesom Wike on June 24, 2019 declared public primary and secondary education free in the state and held his grounds even after push of complaints. He also announced free education for participating locals of the state in the annual JAMB examination. 

2) Governor Nasir Ahmed El-Rufai Net worth - $400 million 

Richest Governors in Nigeria - Ahmed El-Rufai

The second position goes to the governor of Kaduna State. Nasir Ahmed El-Rufai assumes the governors office on 29th May 2015 after winning under the All Progressive Congress which he is a founding member of. 

El-Rufai between 2003 and 2007 held the office of the Minister of the Federal Capital Territory and director of the Bureau of Public Enterprises.

He is one of the most educated governors in Nigeria attending various institutions and acquiring lots of degrees. His Alma maters include Ahmadu Bello University, Harvard University, Georgetown University and University of London. 


1) Governor Sani Bello Net worth - $1 billion 

Richest Governors in Nigeria - Sani Bello

Here is our richest governor in Nigeria 2020. Dani Bello is the current governor of Niger State. He assumed the gubernatorial seat on May 25, 2015 under the All Progressive Congress (APC) and was reelected in 2019.

Bello was born into a very wealthy family being the eldest son of billionaire and former military governor of old Kano State, Colonel Sani Bello. His family owns vast investments in Oil and gas and that's where the most wealth emanates from. 

He is one of the most successful and richest men in Nigeria. Sani Bello's net wort is estimated at $1 billion. The net worth is really huge looking at how he followed the Footsteps of of his father in terms of investments. 

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