kelechi 
Nigeria has become a vibrant incubator for the next generation of entrepreneurial moguls, where young innovators are disrupting traditional industries and creating new paradigms for wealth generation, here will get to meet the Youngest Billionaires In Nigeria.
These emerging billionaires are shaping the landscape of business in Nigeria and beyond, leaving an indelible mark on sectors such as energy, real estate, technology, and entertainment.
Here are 21 of the Youngest Billionaires In Nigeria:
Whose impressive achievements and drive promise to redefine the country’s future:
1. Igho Sanomi
Igho Sanomi, a geologist and visionary entrepreneur, has solidified his place as one of Nigeria’s youngest billionaires with a net worth exceeding $1 billion. Hailing from Delta State, Sanomi’s diverse business empire spans multiple industries, including oil, power, telecommunications, aviation, and real estate. He is the founder of Taleveras Group, an energy trading giant established in 2004, which holds significant stakes in Nigeria’s oil fields. Sanomi’s wealth is also rooted in shipping, engineering, and construction, marking him as a central figure in Nigeria’s energy and infrastructure sectors.
2. Sijibomi Ogundele
Sijibomi Ogundele, born in 1981, is the mastermind behind Sujimoto Construction, a leading real estate and hospitality firm that has revolutionized Nigeria’s luxury property market. After a career in risk management and SME lending, Ogundele transitioned into high-end real estate, becoming renowned for his development of elite properties like the Medici and the upcoming “LorenzoBySujimoto.” His ambitious vision to reshape Africa’s luxury real estate market has made him a dominant force in Nigerian construction.
3. Ladi Delano
A British-born Nigerian entrepreneur, Ladi Delano co-founded Moove Africa, a fintech company providing revenue-based financing to ride-hailing drivers. Launched in 2019, Moove has already secured more than $174 million in funding and formed significant partnerships with global players like Uber. With a Master’s degree from Oxford and an MBA from the London School of Economics, Delano’s goal is to expand Moove’s services to Asia, MENA, and Europe, marking him as a formidable force in the global tech and fintech sectors.
ALSO READ Shortlet Apartments in Lekki: That Makes You Feel Happy And Special
4. Seyi Tinubu
Seyi Tinubu, son of Nigeria’s President Bola Ahmed Tinubu, has carved out his own niche as a successful businessman and entrepreneur. As the CEO of Loatsad Promo Media Ltd, a key player in Nigeria’s outdoor advertising market, Seyi has expanded his company’s reach with prime ad placements in high-traffic locations across Lagos. His strategic branding solutions have garnered the attention of top multinational companies, and his political connections have further amplified his business endeavors.
5. Linda Ikeji
Linda Ikeji is a trailblazer in Nigeria’s blogging and media industries. Starting her career in 2006, Ikeji built one of the country’s most influential blogs, Linda Ikeji’s Blog, which has since evolved into a media empire encompassing radio and television. In addition to her blogging success, Ikeji has ventured into online platforms and entertainment, solidifying her status as one of Nigeria’s foremost digital entrepreneurs.
6. Obinna Iyiegbu (Obi Cubana)
Obi Cubana is a Nigerian entrepreneur and socialite best known for his expansive hospitality empire, Cubana Group. What began as a nightclub in Abuja in 2006 has since blossomed into a multi-million-dollar business with ventures in hospitality, real estate, and even luxury goods. Cubana Group’s high-profile clubs and events have made Obi Cubana a household name, and his wealth and influence continue to grow as he expands his business interests.
7. Mark Essien
Mark Essien, founder of Hotels.ng, has played a pivotal role in the Nigerian hospitality sector. Starting with a $75,000 investment in 2013, Essien’s online hotel booking platform quickly became one of the most popular services of its kind in Nigeria. Essien’s success extends beyond hospitality; he is also the founder of HNG Internships, a platform designed to cultivate software engineering talent in Nigeria, contributing to the country’s burgeoning tech ecosystem.
8. Jason Njoku
Jason Njoku is a pioneer in the African digital entertainment space as the co-founder and CEO of iROKOtv, an on-demand streaming service for Nigerian films. Njoku’s journey from London to Lagos, where he combined his expertise in chemistry and business, has led to the rise of iROKOtv as a dominant force in Nollywood. His work has opened doors for Nigerian films on the global stage, and he continues to invest in startups that are pushing the boundaries of African entertainment.
9. Joseph Eze Okafor (Jowizaza)
Known for his wealth and socialite status, Joseph Eze Okafor, better known as Jowi Zaza, is a prominent figure in Nigeria’s oil and gas industry. As the CEO of Jezco Oil Nigeria Ltd, a family business he inherited and expanded, Jowi Zaza has strengthened his influence in the oil sector. His business interests also include luxury cars, real estate, and high-end consumer goods, marking him as a diversified entrepreneur with a stronghold in multiple industries.
10. Iyinoluwa Aboyeji
Iyinoluwa Aboyeji is one of Nigeria’s most influential tech entrepreneurs. As a co-founder of Andela and Flutterwave, two of Africa’s leading tech companies, Aboyeji has become a key figure in the continent’s innovation ecosystem. His commitment to supporting mission-driven startups through his platform, Future Africa, has made him a mentor to many. Recognized among the top 100 most influential Africans in 2019, Aboyeji’s contributions to Africa’s tech growth continue to shape the future of digital entrepreneurship.
These young billionaires are a testament to the boundless potential and entrepreneurial spirit of Nigeria. Their stories serve as a beacon of inspiration for the next wave of innovators, driving change not just within the country, but across the globe.
11. Chinonso Eke
Chinonso Eke is an emerging tech entrepreneur who co-founded the Nigerian e-commerce platform, Konga. Although not as widely known as some of the larger tech players, Eke’s success in e-commerce, logistics, and digital payment solutions has positioned him as one of the most influential figures in Nigeria’s rapidly growing online retail market. Konga is now one of the most popular e-commerce platforms in Nigeria, contributing to his wealth and business reputation.
12. Tayo Oviosu
Tayo Oviosu is a Nigerian entrepreneur who has made a remarkable mark in the fintech space. He is the founder of Paga, a mobile payment platform that has significantly transformed Nigeria’s financial services landscape. With millions of users across the country, Paga has facilitated billions of transactions and helped millions of Nigerians, especially those in underserved areas, to access banking and financial services. Oviosu’s innovative approach has earned Paga both local and international recognition, driving his rise to billionaire status.
13. Kola Aina
Kola Aina is a notable venture capitalist and the founder of Ventures Platform, a leading accelerator and early-stage investment firm in Africa. With a focus on supporting tech startups across Nigeria and other parts of Africa, Aina has been instrumental in fostering the growth of numerous companies, from fintech to healthtech. His role in shaping the continent’s venture capital scene has earned him a position among the wealthiest young entrepreneurs in Nigeria, with an increasing influence on Africa’s growing startup ecosystem.
14. Adebayo Oke-Lawal
Adebayo Oke-Lawal, the founder of Orange Culture, is a Nigerian fashion designer and entrepreneur who has built a multimillion-dollar fashion business from the ground up. His label, Orange Culture, is known for its contemporary approach to Nigerian fashion, blending African culture with global trends. Adebayo has managed to attract international attention and clientele, securing collaborations with global brands and positioning himself as one of Africa’s most sought-after designers. His entrepreneurial prowess extends to fashion retail and online platforms, further cementing his position in the industry.
15. Folorunso Alakija
Though she may not be quite as young as others on this list, Folorunso Alakija deserves a mention due to her status as one of Nigeria’s wealthiest women. Alakija is a major player in the oil and gas industry through her company Famfa Oil, which holds a significant stake in one of Nigeria’s most profitable oil fields. Aside from oil, she has interests in fashion and real estate, where she has made substantial investments. Alakija is also a philanthropist and a mentor to many young women and entrepreneurs across Nigeria.
16. Oluwadamilola Odufuwa
Oluwadamilola Odufuwa is a young Nigerian entrepreneur whose work in the urban planning and real estate development sectors is creating waves. As the co-founder of Luxe Realty, Odufuwa is part of a new generation of property developers reshaping Lagos’s real estate landscape. Her focus on sustainable, luxury housing developments for Nigeria’s growing middle class has contributed to her impressive rise in wealth and business influence.
17. Basil Udotai
Basil Udotai is a Nigerian-born entrepreneur who made his fortune in the healthcare and biotech industries. His company, Novelle Centre for Research and Development, focuses on medical research, diagnostics, and pharmaceutical production in Nigeria. Udotai is dedicated to addressing healthcare gaps within the African continent and has gained recognition for his contributions to the biotech field. His business success has allowed him to invest in other sectors, including agriculture and technology.
18. Olamide Adedeji (Olamide)
Although he is primarily known for his music career, Olamide has diversified his wealth into other ventures, making him a multi-industry mogul. As a successful Nigerian musician, he has amassed wealth from record sales, endorsements, and live performances. Beyond music, Olamide has ventured into businesses in real estate, hospitality, and fashion. His entrepreneurial ventures, combined with his music success, have contributed to his position among Nigeria’s wealthy young billionaires.
19. Mohammed Aliyu (Aliyu)
Mohammed Aliyu is a Nigerian entrepreneur and the CEO of TAF Africa Global, a company that focuses on large-scale property development and investment across Africa. Aliyu has expanded his interests into real estate, energy, and infrastructure, rapidly increasing his wealth and business empire. Known for his strategic investments in both commercial and residential property developments, he is building a name for himself as one of the most successful young Nigerian developers.
20. Ngozi Okonjo-Iweala
Another prominent figure worth noting is Ngozi Okonjo-Iweala, who, though not an entrepreneur in the traditional sense, is a globally respected figure who has amassed wealth and influence through her career in economics, finance, and global governance. As the first female Director-General of the World Trade Organization (WTO), Okonjo-Iweala has been instrumental in shaping global trade policies, which impacts the wealth of many sectors in Nigeria, including agriculture, banking, and finance. She is an influential Nigerian who continues to be recognized for her exceptional achievements.
21. Fola Alabi
Fola Alabi is an emerging entrepreneur with a solid presence in the tech space. As the CEO of QikPod, a startup that focuses on creating smart parcel lockers and lockers for e-commerce deliveries, Alabi is helping to solve logistical challenges in Nigeria’s booming online shopping market. Alabi’s innovative approach to solving logistical problems through smart technology has earned him recognition in Nigeria’s tech scene, positioning him as one of the wealthiest young entrepreneurs in the country.
