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Top 10 Richest Governors in Nigeria 2024 and Their Net Worth

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In this article, we will discuss the Top 10 Richest Governors in Nigeria 2024, thier Net worth, sources of Wealth, and contribution to the society.

In Nigeria, state governors are one of the richest people in the country. They wield significant power and influence in the. country, both physically and financially. Due to this fact, many  of them have accumulate so much wealth through their political positions and businesses.

Who is The Richest Governor in Nigeria?

The current richest governor in Nigeria is Mohammed Umar Bago with an estimated net worth of $700 million. He is the Governor of Niger State, assumed office may 2023, under the All Progressive Congress.

Mohammed Umar Bago, who was born 22 February, 1974, was already rich even becoming the governor of his state. He was a banker and former House of Representative member before assuming the office of the governor.

Richest Governor in Nigeria 2024

Top 10 Richest Governors in Nigeria 2024 and Their Net Worth

For the purpose of this article, we have done a thorough research and will be presenting this list of governors as the Top 10 Richest Governors in Nigeria 2024.

  • Mohammed Umar Bago (Net Worth: $700 million)
  • Siminalayi Fubara (Net Worth: $550 million)
  • Nurudeen Ademola Adeleke (Net Worth $450 million)
  • Uba Sani ( Net Worth: $400 million)
  • Dapo Abiodun (Net Worth: $314 million)
  • Chukwuma Charles Soludo (Net Worth: $300 million)
  • Godwin Obaseki (Net Worth: $225 million)
  • Alex Otti (Net Worth: $27 million)
  • Yahaya Bello (Net Worth: $5.6 million)
  • Seyi Makinde (Net Worth: $4.8 million)

Top 10 Richest Governors in Nigeria 2024, Thier Net Worth and Biography

Mohammed Umar Bago (Net Worth: $700 million)

The first on our list is the Governor of Niger State, Mohammed Umar Bago a Nigerian banker and politician born 22 February 1974. Before becoming a governor,  he was Former House of Rep Member, representing his constituency Chanchaga. The 50 years old governor is a Muslim and former manager of First City Monument Bank, he also worked with United Bank for Africa (UBA) and Afri bank. He joined politics 2007.

  • Full Name: Mohammed Umar Bago
  • Date of Birth: 22 February, 1974
  • State of Origin: Niger State
  • Assumed Office: 29 May, 2023
  • Deputy: Yakubu Garba
  • Party: All Progressive Congress
  • Occupation: Banker and Politician
  • Education: Usman Danfodio University,  Sokoto
  • Net Worth: $700 million
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Mohammed Umar Bago, Top 10 Richest Governor in Nigeria 2024

Siminalayi Fubara (Net Worth: $550 million)

Siminalayi Fubara is the current Governor of Rivers State. He is the current second richest governor in Nigeria 2024 with an estimated net worth of $550 million. Born on 28 January, 1975, he is the former Accountant General of Rivers State during the administration of former Governor Ezenwo Nyesom Wike.

In May 2022, Sim was declared wanted by Economic and Financial Crime Commission (EFCC) for a #435 million fraud and another #117 billion fraud in collaboration with four other Rivers State Government Officials.

  • Full Name: Amaopusenibo Siminalayi Fubara
  • Date of Birth: 28 January, 1975
  • State of Origin: Rivers State
  • Assumed Office: 29 May, 2023
  • Deputy: Ngozi Odu
  • Party: People’s Democratic Party
  • Occupation: Accountant and Politician
  • Education: River State University of Science and Technology
  • Net Worth: $550 million

Siminalayi Fubara, Top 10 Richest Governor

Nurudeen Ademola Adeleke (Net Worth $450 million)

Ademola Nurudeen Adeleke is the current Governor of Osun State. He is the third richest Governor in Nigeria 2024 with an estimated net worth of $450 million. He was born on 13 May, 1960 and is one of the most educated governor in Nigeria.

Before becoming the governor of Osun State, Ademola Adeleke has already accumulated wealth. He represented the Osun-West senatorial district as a Senator from 2017-2019.

  • Full Name: Ademola Nurudeen Jackson Adeleke
  • Date of Birth: 13 May, 1960
  • State of Origin: Osun State
  • Assumed Office: 27 November, 2022
  • Deputy: Kola Adewusi
  • Party: People’s Democratic Party
  • Occupation: Businessman, Politician, philanthropist and administrator
  • Education: Jacksonville State University, Alabama, United State
  • Net Worth: $450 million

Ademola Nurudeen Jackson Adeleke

Uba Sani ( Net Worth: $400 million)

Uba sani is the current Governor of Kaduna State. He is the fourth richest governor in Nigeria 2024 with an estimated net worth of $400 million. Before he became the governor of Kaduna State, he has been doing fine as an Engineer and his chain of businesses.

Sani was a former senator for Kaduna Central Senatorial district from June 2019-May 2023. The Executive Governor of Kaduna State is said to crusie with a Toyota Land Cruiser Prado as his official car.

  • Full Name: Uba Sani
  • Date of Birth: 31 December, 1970
  • State of Origin: Kaduna State
  • Assumed Office: 29 May, 2023
  • Deputy: Hadiza Balarabe
  • Party: All Progressive Congress
  • Occupation: Engineer and Politician
  • Education: Kaduna State Polytechnic, University of Calabar, University of Abuja.
  • Net Worth: $400 Million

Uba Sani, Governor of Kaduna State

Dapo Abiodun (Net Worth: $314 million)

Dapo Abiodun is the current Governor of Ogun State, he is the fifth richest Governor in Nigeria 2024 with an estimated net worth of $314 million.

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He was born 2 May, 1960. Before becoming a Governor, he was the former Chairman of Corporate Affairs Commission (CAC), the Chairman of Exploration and Production Limited, Hyden Petroleum Limited, Cresta Hydrocarbons Limited. Dapo is a member of All Progressive Congress (APC), and his official car is said to be Lexus LX 570.

  • Full Name: Adedapo Oluseun Abiodun
  • Date of Birth: 29 May, 1960
  • State of Origin: Ogun State
  • Assumed Office: 29 May, 2023
  • Deputy: Noimot Salako Oyedele
  • Party: All Progressive Congress
  • Occupation: Politician and Businessman
  • Education: Obafemi Awolowo University Ile-Ife, Osun State.
  • Net Worth: $314 million

Prince Dapo Abiodun, Governor Ogun State

Chukwuma Charles Soludo (Net Worth: $300 million)

Charles Soludo is the Governor of Anambra State. He is the sixth richest Governor in Nigeria 2024 with an estimated new worth of $300 million. He obtained his three degree from the University of Nigeria Nsuka, Enugu. Charles graduated with bachelor’s degree in Economics 1984, MSc Economics 1987 and PhD in 1989. He was the best student for all three levels, he also won prizes.

Charles Soludo was also appointed Professor of Economics at the University of Nigeria Nsuka (UNN) and a visiting professor in the following institution:

  • International Monetary Fund
  • The University of Cambridge
  • The Brookings Institution
  • The University of Warwick
  • The University of Oxford

The governor of Anambra State has investment in different crucial sectors of the economy. Before becoming a governor, He was the former Governor and chairman of the Central Bank of Nigeria (CBN) from 29 May, 2004 – 29 May, 2009.

  • Full Name: Prof Chukwuma Charles Soludo CFR
  • Date of Birth: 28 May,1960
  • State of Origin: Anambra
  • Assumed Office: 17 March, 2022
  • Deputy: Onyeka Ibezim
  • Party: All Progressive Grand Alliance
  • Education: University of Nigeria Nsuka
  • Occupation: Banker, Economist, Politician, Professor
  • Net Worth: $200  million

Chukwuma Charles Soludo, Top 10 Richest Governors in Nigeria

Godwin Obaseki (Net Worth: $225 million)

Godwin Obaseki is the current Governor of Edo State. He is the seventh richest governor in Nigeria 2024 with an estimated net worth of $225 million. Even before he started his race upon election in Edo state, it was said that Godwin Obaseki is already very rich.

He declared his asset to the public and he was seen worth millions of dollars. Godwin Obaseki who was born on the July 1,1957, is a politician, a Businessman and an active member of the People’s Democratic Party (PDP). He obtained a bachelor’s degree in Art from the University of Ibadan, Oyo State.

  • Full Name: Godwin Nogheghase Obaseki
  • Date of Birth: 1 July, 1957
  • State of Origin: Edo State
  • Assumed Office: 12 November, 2016
  • Deputy: Philip Shaibu
  • Party: People’s Democratic Party
  • Education: University of Ibadan, Columbia University, Pace University
  • Occupation: Politician and Businessman
  • Net Worth: $225 million

Godwin Obaseki

Alex Otti (Net Worth: $27 million)

Alex Otti is the Executive Governor of Abia State. He is eight richest governor in Nigeria 2024 with an estimated net worth of $27 million making him one of the richest governors in Nigeria.

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Alex Otti graduated with a first class degree honor in Economics from University of Port Harcourt, he has been doing well for him self before becoming a Governor. He was the former managing director of Diamond Bank PLC, he is a Nigerian economist, businessman, banker, investor, philanthropist and politician.

  • Full Name: Alex Chioma Linus Otti
  • Date of Birth: 18 Ferbuary, 1965
  • State of Origin: Abia State
  • Assumed Office: 29 May, 2023
  • Deputy: Ikechukwu Emetu
  • Party: Labour Party
  • Education: University of Port Harcourt
  • Occupation: Politician, investor, businessman, philanthropist, banker.
  • Net Worth: $27 million

Alex Otti, Executive Governor Of Abia State

Yahaya Bello (Net Worth: $5.6 million)

The Governor of Kogi State, Yahaya Bello is said to be the youngest Governor in 2024. The 48 year old is one of the richest governors in Nigeria with an estimated net worth of $5.6 million. He assumed office from 2016-2024, under the All Progressive Congress (APC).

Yahaya Bellow, who was born on the 18th June, 1975, was already rich before becoming the Governor of Kogi State. Bello is a businessman and a Chartered Accountant,  he graduated from Ahmadu Bello University.

  • Full Name: Yahaya Adoza Bello
  • Date of Birth: 18 June, 1975
  • State of Origin: Kogi State
  •  Assumed Office: 27 January, 2016
  • Deputy: Simon Achuba(2016-2019) and Edward Onoja(2019-2024)
  • Party: All Progressive Congress
  • Occupation: Accountant, Businessman and Politician
  • Education: Kaduna State Polytechnic, Ahmadu Bello University.
  • Net Worth: $5.6 million

Yahaya Bello

Seyi Makinde (Net Worth: $4.8 million)

Oluseyi Abiodun Makinde is the Executive Governor of Oyo State. He is the tenth richest Governor in Nigeria in 2024 with an estimated net worth of $4.8 million.

He was born 25 December, Seyi Makinde is a member of People’s Democratic Party (PDP), the group managing director of Makon Group Limited and an Engineer, he studied electrical engineering at the University of Lagos, before traveller’s abroad to further his education.

Makinde is a member of the following national and international bodies;

  1. Nigeria Society of Engineers (NSE)
  2. Council of Regulations of Engineering in Nigeria (COREN)
  3. International Society of Automation (ISA)
  4. Institute of Measurement and Control UK
  5. American Measurement Institute (AMI)
  • Full Name: Oluseyi Abiodun Makinde
  • Date of Birth: 25 December, 1967
  • State of Origin: Oyo State
  • Assumed Office: 29 May, 2019
  • Deputy: Rauf Olaniyan
  • Party: People’s Democratic Party
  • Education: Lagos State University
  • Occupation: Engineer and Politician
  • Net Worth: $4.8 million

Seyi Makinde, Executive Governor of Oyo State

Who is the Youngest Governor in Nigeria?

The youngest Governor in Nigeria is Yahaya Adoza Bello, the former Governor of Kogi State. He assumed office as Executive Governor of Kogi State 27 January, 2017-27 January, 2024. He is a member of the All Progressive Congress party, politician, Accountant and a businessman.

Top 10 Richest Former Governors in Nigeria and Their Net Worth

This category of richest governors are former Governors in Nigeria from 27 May, 2015 to 27 May, 2023, under the administration of Former President, Mohammed Buhari.

Top 10 Richest Governors in Nigeria 2015-2023

  • Abubakar Sabi Bello (Niger State) – Net Worth $1Billion
  • Ezenwo Nyesom Wike (Rivers State) – Net worth $550 million
  • Nasir Ahmed El-Rufai (Kaduna State) – Net worth $400 million
  • Dapo Abiodun (Ogun State) – Net worth $314 million
  • Willie Obiano (Anambra State) – Net worth $300 million
  • Seyi Makinde (Oyo State) – Net worth $126 million
  • Aminu Waziri Tanbuwal (Sokoto State) – Net worth $27 million
  • Yahaya Bello (Kogi State) – Net worth $5.6 million
  • Bala Mohammed (Bauchi State) – Net worth $5.5 million

 

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