Top 10 Richest Farmers in Nigeria in 2022

In this article, we’ll be looking into the farmers in Nigeria who have recorded significant successes in their agribusinesses to be among the top 10 richest farmers in Nigeria. As you read on you will learn about the aspects of agriculture these farmers made their vast fortunes. 

Top 10 Richest Farmers in Nigeria in 2022

The top 10 richest farmers in Nigeria in 2022 would be discussed below: 

  • Olusegun Obasanjo

Former President Olusegun Obasanjo is one of the richest farmers in Nigeria in 2022. His farm, the Obasanjo Farms located at Ota, Ogun State is a multi-billion dollar enterprise with a nationwide reach and has been operating since 1979. Obasanjo Farms also has branches at Igbo-Ora, as well as Ibadan, both in Oyo State. The major products the Obasanjo Farms offer to the general public include poultry products, pork, rabbit, and grasscutter, while to other agri-business enterprises, the farm provides agro-industrialization services. 

  • Rotimi Williams 

Rotimi Williams is an industrial rice farmer who owns Kereksuk Rice Farm which is the second-largest commercial rice farm by land size in Nigeria. Although Rotimi Williams has been in agribusiness for only a decade having worked as a journalist prior, his farm which is located in Nasarawa State currently produces over 8,000 metric tons of quality paddy rice for several milling companies in Nigeria. The farm is also responsible for employing almost a thousand people, most of which are the natives of Nasarawa State where the farm is located. 

  • Kolawole Adeniji

Kolawole Adeniji is a trained mechanical engineer who founded the NIJI Group, a conglomerate with subsidiaries with an interest in providing end-to-end agricultural solutions in Nigeria including agricultural machinery and equipment manufacturing,  farming, food processing, agribusiness education, and farm mechanization. NIJI Group, of which Kolawole Adeniji is the President and CEO, has grown to become one of the most significant integrated farms in Nigeria at the moment, thus making Kolawole one of the richest farmers in Nigeria in 2022. 

  • Prince Arinze Onebunne 

Prince Arinze Onebunne is another farmer to be on this list of the richest farmers in Nigeria in 2022. He is the managing consultant and chief executive officer of the Mushin-based Jovana Farms which specializes in the farming of animals such as fish, guinea pigs, quails, antelopes, and rabbits, among others. Aside from the earnings from animal farming, he also makes significant revenue from training personnel of other farms, performing feasibility studies and farm surveys, farm construction projects, and speaking in seminars across Nigeria. 

  •  Abdullahi Adamu 

Abdullahi Adamu may be widely recognised as a prominent politician, but he is equally a successful farmer of nationwide acclaim. He owns the Nagari Integrated Dairy Farms, one of Africa’s biggest dairy farms with a single integrated herd comprising over 7,000 Holstein cattle. The Nagari Integrated Dairy Farm is responsible for supplying the country with a substantial amount of premium farm and dairy products, which in turn generates revenue so big to make Abdullahi Adamu among the top-earning farmers in Nigeria in 2022. 

  • Abdulsalami Abubakar 

Abdulsalami Abubakar has had an illustrious political career, especially when he was Head of State in the Fourth Republic, however, his career as a farmer is still thriving to make this list. He owns Maizube Farms Limited in Niger State. The Maizube Farm is a 500-hectare multi-product farm located at KM 26 on Minna-Bida Road, Minna, with interest centred on crop and animal production. Abdulsalami Abubakar has stakes in other agricultural establishments across the country. 

  • Murtala Hamman-Yero Nyako 

Murtala Nyako, a prominent politician and retired Vice Admiral, is yet another rich farmer who began with the cattle his mother gifted him at birth. From local cattle rearing, Murtala Nyako, in 1990, began cross-breeding his local cattle with exotic superior sires and recorded satisfactory results. He later delved into the production of horticultural crops. 

All through his time in the Naval Service and politics, he continued expanding his agricultural enterprises to become among the richest farmers in Nigeria in 2022. His farm Sebore Farms is the biggest dairy farm in the country, and he also owns the largest mango farm in Nigeria. He is also involved in fish farming and the rearing of goats, as well as pasture development, and banana, passion fruit, and dates farming.

  • Usman Dantata Jr. 

The Dantata dynasty boasts many high-net-worth individuals who have accumulated wealth by doing business in various sectors of the economy, of which Usman Dantata Jr. is one of them. He is the President and Chief Executive Officer of Anadariya Farms. Although the farm was started in the 1960s by his late father, Alhaji Usman Sanusi Dantata, the farm was inactive for a long time until Usman Dantata Jr. came on board to revitalize the poultry business, turning it into one of the largest poultry farms in the country. The poultry produces over 3,000 broilers daily. Other services of Anadariya Farms aside from the production of broilers include processing and sale of poultry products, production of feeds, and hatchery. 

  • Lady Olufunmilayo Agbato 

Wife to Late Dr. Olatunde Agbato founded Animal Care Services Konsult in 1979, Lady Olufunmilayo Agbato the current CEO boasts over forty years of experience across a range of expertise including farming. Animal Care Services Konsult is involved in commercial poultry production, livestock feed milling, aquaculture, manufacturing and procurement and distribution of animal health products. Other services include consultancy and veterinary services. Funtana Farms is another agricultural establishment associated with the Agbato family. 

  • Tunde Folawiyo 

Tunde Folawiyo, though trained as a lawyer, is on this list because he is the son of the Late Wahab Iyanda Folawiyo, and currently sits at the helm of affairs of the Yinka Folawiyo Group of Companies, of which the Folawiyo Farms Limited is a part of. The Folawiyo Farms Limited located on Yinka Folawiyo Avenue, Apapa, Lagos, has been around since October 1985 and has interests in integrated agricultural production including livestock farming, fish farming, flour milling, and agrochemical production and distribution. The Yinka Folawiyo Group of Companies is a multi-billion dollar conglomerate in 2022

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