The Tinubu Media Support Group (TMSG) has hailed the inclusion of four Nigerian entrepreneurs on the prestigious 2025 Forbes list of Africa’s 22 wealthiest individuals, calling it a clear testament to the economic prosperity in Nigeria.
Nigeria’s Wealth Growing Stronger
In a statement to the News Agency of Nigeria (NAN), Mr. Emeka Nwankpa, Chairman of the group, emphasized the significance of this achievement. He pointed out that the success of Dangote Refinery was a key factor in Aliko Dangote’s continued position as Africa’s richest man, marking his 14th consecutive year at the top.
Notable Nigerian Billionaires
Four Nigerian billionaires made it to the 2025 Forbes Africa Billionaires List: Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu, and Femi Otedola. This achievement reflects their wealth, which is largely homegrown and sustained over the past year. Nwankpa celebrated the fact that these individuals, whose fortunes have contributed significantly to Nigeria’s economic landscape, continue to dominate the list.
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Aliko Dangote retains the top spot as Africa’s richest person, with a net worth soaring from $13.9 billion to $23.9 billion in 2024, largely due to the inclusion of Dangote Refinery’s valuation in Forbes’ calculations.
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Abdulsamad Rabiu, ranked sixth on the list with $5.1 billion, is expected to see his wealth grow even further after the completion of his BUA Refinery in Uyo.
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Mike Adenuga, with a net worth of $6.8 billion, secured the fifth spot thanks to the success of Globacom, Nigeria’s first private indigenous telecom company.
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Femi Otedola, with $1.5 billion, has diversified his wealth from the oil industry into banking and power generation through his Geregu Power Plant.
A Symbol of Economic Growth
Nwankpa highlighted that the wealth of these individuals grew by at least 25% in the first 22 months of President Tinubu’s administration, signaling a period of immense opportunities in the country.
This growth, he said, is no coincidence but a direct result of the pro-business policies enacted by the Tinubu administration. These policies have created an environment where Nigerian entrepreneurs can thrive, with foreign investors increasingly flocking to the country despite negative predictions from opposition groups.
Looking Ahead: More Billionaires on the Horizon
With the continued rise of Nigerian businesses, Nwankpa expressed optimism that even more entrepreneurs, particularly those with wealth linked to the stock market, will make their mark on future Forbes Africa Billionaires Lists.
As the nation’s business landscape continues to evolve, these four billionaires stand as a testament to Nigeria’s economic potential and the transformative power of smart investments and business acumen.
