Top 10 Richest Governors in Nigeria (2024)

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Nigerian politicians are among the richest individuals in Nigeria. A lot of Nigerian politicians have accumulated a lot of wealth and have become billionaires as a result.

Among the richest politicians in Nigeria, governors are not left behind. Some of the richest politicians in Nigeria are governors. If you’re wondering who among the current governors in Nigeria are the richest, then continue reading as I’ll discuss the top 10 richest governors in this article.

Richest Governors in Nigeria in 2024

richest governors in nigeria

1. Governor Dapo Abiodun

Estimated net worth; $314 million

Currently serving as the governor of Ogun State since 2019 Dapo Abiodun is the wealthiest governor in the nation.

Before becoming the governor of Ogun state, he was the Board Chairman of the Corporate Affairs Commission. Even before that, he held the position of the managing director of Heyden Petroleum. He is also the founder of First Power Limited and a major investor in the oil and gas industry.

2. Governor Godwin Obaseki

Estimated net worth: $225 million

Edo State’s governor is Godwin Obaseki. He is reportedly worth $225 million, making him one of Nigeria’s wealthiest politicians. He graduated with a bachelor’s degree in classical art from Oyo State’s renowned University of Ibadan.

Godwin also attended Pace University and the University of Columbia, both in the United States. The governor has holdings in several important economic areas. Before switching sides and joining the PDP to run for his second term, he was an APC member.

3. Governor Seyi Makinde

Estimated net worth: $126 million

Seyi Makinde was found to be very wealthy even before he entered the campaign to become the governor of Oyo State. He made his assets public and was seen as having significant value.

Born on December 25, 1967, Seyi is an engineer and a dedicated member of PDP. He attended the University of Lagos to study electrical engineering before going overseas to further his education.

4. Governor Bala Mohammed

Estimated net worth: $50 million

The executive governor of Bauchi State, Governor Bala Mohammed, is next on the list. He is among the wealthiest governors in Nigeria, with an estimated net worth of $50 million.

Bala, who graduated from the University of Maiduguri with a Bachelor of Arts in English, had been successful in his own right before being appointed Governor. He is an active member of the PDP and was the Minister of the Federal Capital Territory.

5. Charles Chukwuma Soludo

Estimated net worth: $10 million

Since March 2022, Charles Chukwuma Soludo CFR has held the position of governor of Anambra State. He is a politician, banker, and economics professor. In the past, he has also served as chairman of the board of directors of the Central Bank of Nigeria. On May 29, 2004, he was named governor of the bank.

Soludo served on President Buhari’s Presidential Economic Advisory Committee and is a member of the International Advisory Group of the British Department for International Development.

In addition to serving as a visiting professor at Swarthmore College (USA), Soludo has had visiting positions as a scholar at the International Monetary Fund, the University of Warwick, the University of Cambridge, the Brookings Institution, and the University of Oxford.

In addition, Soludo has served as a consultant for many international organizations, such as the World Bank, the United Nations Development Programme, and the United Nations Economic Commission for Africa.

Joining the federal government in 2003, Soludo worked as President Olusegun Obasanjo’s chief economic adviser. Before being appointed chairman of the CBN in May 2004, he was the Chief Executive of the National Planning Commission of Nigeria.

Soludo was named by Nigerian President Muhammadu Buhari on September 16, 2019, to the eight-member Economic Advisory Council (EAC), which will be responsible for reporting directly to the President on matters concerning national economic policy.

6. Duoye Diri

Estimated net worth: $10 million

Born on June 4, 1959, Douye Diri is a Nigerian politician who has been the governor of Bayelsa State since 2020. Before that, he served as a senator in the 9th National Assembly, representing the Bayelsa Central Senatorial District.

At the College of Education in Port-Harcourt, Rivers State, Douye pursued his education and graduated in 1985 with a National Certificate in Education (NCE). Additionally, he studied at the University of Port-Harcourt, where in 1990 he earned a Bachelor of Education (B.Ed.) in political science.

The Supreme Court of Nigeria invalidated the results of the 2019 Bayelsa State gubernatorial election on February 13, 2020, citing the submission of a confidential certificate to the Independent National Electoral Commission by David Lyon, Diri’s running mate.

The court also ordered that Diri be granted a certificate of return, thereby making him the next governor of Bayelsa State. He took the oath of office as governor of Bayelsa State on February 14, 2020.

7. Peter Ndubuisi Mbah

Estimated net worth: $10 million

Born on March 17, 1972, Peter Ndubuisi Mbah is a politician, financial analyst, and marine lawyer. He has been the governor of Enugu State since May 29 2023. He is a member of the Nigerian Bar Association, the Nigerian Institute of International Affairs, and the Certified Institute of Public Administration and Management (CIPM).

In 1992, he started his own business, Peter Mbah Investments Limited, which provides services to the oil and gas industry. He is the creator of the FOCUS International Schools in Lagos State as well as GILPEL Industries Ltd., which was an importer of general products from 1993 to 1997.

Mbah is the founder and CEO of Pinnacle Oil and Gas Ltd. The company completed the development of Single Point Monitoring (SPM), Conventional Buoy Mooring (CBM), and storage facilities in the Lekki Free Trade Zone in 2021.

In 2003, Governor Chimaroke Nnamani named Dr. Mbah as Chief of Staff. He then served as Commissioner for Finance and Economic Development. Mbah also belonged to the State Security Council, the Federal Accounts Allocation Committee, and the Enugu State Executive Council.

He has also held the positions of Chairman of the Board of Directors of the Enugu State Insurance Company, Chairman of the Board of Directors of the Enugu State Finance and Investment Company, and Chairman of the Enugu State Tenders’ Board.

Diri has also chaired the Federal Accounts Allocation Committee’s Sub-Committee on Legal Matters. After the primary election held in Nnamdi Azikiwe Stadium, Enugu, on May 25, 2022, Peter Mbah emerged as the Peoples Democratic Party’s candidate for governor of Enugu state ahead of Nigeria’s 2023 general elections.

The Peter Mbah Foundation (PMF), a non-profit, non-political organization dedicated to raising rural communities’ standards of life and fostering the development of human capital, was founded by Dr. Peter Mbah.

8. Babajide Olusola Sanwo-Olu

Estimated net worth: $9 million

Born on June 25, 1965, Babajide Olusola Sanwo-Olu is a politician who has been Lagos State’s governor since 2019.

After unexpectedly defeating the sitting governor, Akinwunmi Ambode, in the October 2018 APC gubernatorial primary, he was elected governor under the platform of the All Progressives Congress.

He attended the John F. Kennedy School of Government, the London Business School, the University of Lagos, and the Lagos Business School.

He was the managing director and CEO of Lagos State Property Development Corporation (LSPDC) before pursuing his dream of becoming governor.

9. Alex Otti

Estimated net worth: $5 million

Born on February 18, 1965, Alex Otti, currently the governor of Abia State, is a politician, banker, investor, philanthropist, and economist. Otti was Diamond Bank Plc’s previous Group Managing Director.

On the platform of the All Progressives Grand Alliance (APGA), Otti ran for governor of Abia State. On December 31, 2015, the Court of Appeal in Owerri removed Peoples Democratic Party governor Okezie Ikpeazu and named Otti the victor of the state’s April 11 and April 25 governorship elections.

On February 3, 2016, the Nigerian Supreme Court upheld Ikpeazu’s election as governor, overturning the Court of Appeal’s decision. Otti writes a piece for Thisday called “Outside The Box” every other Monday and is a member of the editorial board.

10. Hope Odidika Uzodimma

Estimated net worth: $5 million

Born on December 12, 1958, Hope Odidika Uzodimma is a politician who has been the governor of Imo State since 2020. On January 14, 2020, the Supreme Court of Nigeria ruled that Uzodimma, a member of the All Progressives Congress (APC), had won the 2019 Imo State governorship election, overturning the election of the previous governor, Emeka Ihedioha. Uzodimma was a successful businessman before entering politics.

During the Second Nigerian Republic, Uzodimma started his political career by joining the National Party of Nigeria (NPN), which was in power at the time. In 1983, he was appointed the youth leader for Imo State. Uzodimma was a significant figure in the United Nigeria Congress Party during the abortive transition to the Third Nigerian Republic in the 1990s.

Uzodimma joined the Peoples Democratic Party (PDP) in 1999 after the restoration of democracy. From 1999 to 2017, he held several positions as a member of the PDP’s National Caucus, National Executive Committee, and Board of Trustees.

Uzodimma was sworn in as a senator of the Federal Republic of Nigeria on June 6, 2011, and he was assigned to represent Imo State’s Imo West Senatorial District. In the 2015 election, he was re-elected to the Senate for a second term. He joined the governing All Progressives Congress (APC) in 2018 after quitting the Peoples Democratic Party to run for governor of Imo State in the upcoming 2019 gubernatorial elections.

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