The Top 10 Richest Men In Abuja
Abuja, the Federal Capital Territory (FCT) of Nigeria, is more than just the seat of political power—it is a hub of wealth, luxury, real estate empires, and booming business enterprises. As Nigeria continues to evolve into one of Africa’s largest economies, Abuja has become home to a growing list of billionaires and multimillionaires who are shaping its skyline and economy.
This blog post takes a deep dive into the top 10 richest men in Abuja, exploring their sources of wealth, business contributions, real estate investments, and their influence in the capital city. From the power corridors of Aso Rock to the upscale neighborhoods of Asokoro and Maitama, these men dominate industries like oil and gas, real estate, telecommunications, finance, and technology.
1. Aliko Dangote – Estimated Net Worth: $23.8 Billion
Aliko Dangote is Africa’s richest man and a prominent figure in Abuja’s elite circle. As the founder and chairman of Dangote Group, his company dominates sectors like cement, sugar, salt, and flour. Although based in Lagos, Dangote owns prime real estate and business investments in Abuja. His Dangote Cement brand is heavily used in the FCT’s booming construction sector, while his philanthropic work in health and education is also felt in the capital.
Notably, the Dangote Refinery project and various infrastructure developments have increased his stake in Nigeria’s economy, with Abuja being a strategic base for policy influence and expansion.
2. Mike Adenuga – Estimated Net Worth: $11.5 Billion
Mike Adenuga, Nigeria’s second-richest man, owns Globacom, one of the country’s largest telecommunications companies. Globacom has a solid presence in Abuja, with numerous service hubs, corporate offices, and cell towers spread across the city.
Adenuga also has major investments in oil through Conoil and owns high-value properties in exclusive neighborhoods such as Maitama and Asokoro. His low-profile lifestyle contrasts with his massive wealth, but his influence is felt across Nigeria’s telecom and energy sectors.
3. Abdulsamad Rabiu – Estimated Net Worth: $7.6 Billion
The founder of BUA Group, Abdulsamad Rabiu, is another billionaire with strong links to Abuja. His conglomerate is involved in cement, real estate, sugar refining, and oil & gas. Rabiu is particularly influential in Abuja’s real estate development, with major commercial and residential projects across the city.
His philanthropic arm, the BUA Foundation, has contributed millions to hospitals, universities, and other public projects, further enhancing his profile among Abuja’s elite.
4. Femi Otedola – Estimated Net Worth: $1.7 Billion
Femi Otedola is a household name in Nigeria’s business landscape. Although formerly dominant in oil marketing through Forte Oil, Otedola now focuses on power generation via Geregu Power Plc, which supplies electricity to parts of Abuja.
Otedola also holds a major stake in First Bank of Nigeria Holdings and owns a luxurious mansion in Abuja’s Asokoro district, not far from Aso Rock Villa. His investments in the capital demonstrate his commitment to expanding beyond Lagos and playing a significant role in Nigeria’s energy and finance sectors.
5. Tope Awotona – Estimated Net Worth: $1.4 Billion
Tope Awotona is the tech billionaire behind Calendly, a globally recognized scheduling software. Though he operates primarily out of the United States, his Nigerian heritage and investments extend to Abuja, where he supports the tech ecosystem through mentorship, funding, and innovation hubs.
With rising interest in digital transformation in Nigeria, Awotona’s influence in Abuja’s startup and innovation space continues to grow, making him a key player among the capital city’s elite.
6. Igho Sanomi – Estimated Net Worth: $1 Billion
Igho Sanomi is one of Nigeria’s youngest billionaires and the founder of Taleveras Group, a company active in oil trading, energy, and power solutions. His business empire has a firm base in Abuja, where he is involved in government contracts, energy supply, and real estate development.
Sanomi owns luxury properties in Abuja and is known for his philanthropic initiatives in education and healthcare. He continues to expand his empire, earning him a spot among the capital's wealthiest.
7. Sijibomi Ogundele – Estimated Net Worth: $900 Million
Sijibomi Ogundele, popularly known as Sujimoto, is the brain behind Sujimoto Construction, a luxury real estate firm. His architectural masterpieces in Lagos are famous, but his growing footprint in Abuja is impossible to ignore. From high-end apartments to business towers, Ogundele is transforming the FCT’s real estate scene.
He has set his sights on upscale neighborhoods like Maitama and Wuse II, with plans to build Abuja’s most iconic structures. His bold vision and risk-taking attitude make him a dynamic force in the city’s property sector.
8. Ladi Delano – Estimated Net Worth: $800 Million
Ladi Delano is a serial entrepreneur and co-founder of Bakrie Delano Africa, a partnership that spans various industries including mining, real estate, and agriculture. He’s also involved in tech and fintech startups.
Delano has invested heavily in Abuja’s business ecosystem, especially in commercial and residential property development. His youth-focused entrepreneurship initiatives are helping shape the next generation of Abuja’s business leaders.
9. Benedict Peters – Estimated Net Worth: $750 Million
Benedict Peters is the founder of Aiteo Group, a leading oil and gas company in Nigeria. With operations across the country, Peters' presence in Abuja is significant, particularly in energy, real estate, and philanthropy.
His corporate headquarters and multiple business interests are based in the capital, and he is known for being a generous donor to sports, education, and development causes. Peters plays a strategic role in the capital’s resource management and infrastructure development.
10. Tony Elumelu – Estimated Net Worth: $700 Million
Tony Elumelu, chairman of Heirs Holdings and United Bank for Africa (UBA), rounds out this list. His influence in Abuja is vast, ranging from financial services to hospitality and real estate. UBA has its regional offices and numerous branches across the city, serving millions of customers.
Elumelu’s commitment to entrepreneurship via the Tony Elumelu Foundation is visible in Abuja, where many beneficiaries of his program run businesses and startups. His blend of corporate success and philanthropy positions him as a key contributor to Abuja’s economic growth.
Conclusion
The rise of these top 10 richest men in Abuja is a reflection of the city’s growing significance in Nigeria’s economy. They span diverse sectors—real estate, oil and gas, tech, finance, and construction—each contributing to the FCT’s development in unique ways. Their presence brings job opportunities, infrastructure projects, and philanthropic gestures that impact thousands of lives.
As Abuja continues to expand in population, influence, and investment appeal, these high-net-worth individuals will remain instrumental in its evolution into one of Africa’s most sophisticated capital cities.
Whether you're a budding entrepreneur, a real estate enthusiast, or just curious about the power brokers shaping Nigeria’s future, this list of Abuja's richest men offers a glimpse into the engines driving the nation's capital forward.
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