Have you ever wondered who the richest men in Kwara State are? What kind of businesses or political careers helped them build their fortunes? If you're curious to know the real billionaires and millionaires shaping Kwara's economy, then you’ve landed on the right page.
Kwara State, located in the North-Central region of Nigeria, is a melting pot of agriculture, education, politics, and commerce. Over the years, this peaceful and strategic state has produced many wealthy individuals who have made a name for themselves both locally and nationally.
In this post, I’ll be showing you the top 10 richest men in Kwara State in 2025, their net worth, business empires, and how they rose to wealth. If you’ve been asking questions like: Who is the richest man in Kwara State?, What are the main sources of wealth in Kwara?, How do politicians and businessmen in the state build their fortunes?, and Which sectors create the most millionaires in Kwara? then this guide is for you.
Why You Should Know the Richest Men in Kwara State
Kwara State’s economy continues to grow with opportunities in agriculture, education, politics, and trade. Understanding who the wealthiest individuals are can give insight into the most successful sectors and how to tap into them.
This post will:
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Reveal the top industries that create wealth in Kwara
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Highlight real-life stories of financial success
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Inspire young entrepreneurs and professionals in the state
1. Bukola Saraki – Politician and Business Mogul ($900 Million)
Bukola Saraki, the former Senate President and two-term governor of Kwara State, is widely regarded as the richest man in the state. His estimated net worth is $900 million in 2025.
How He Made His Money: Saraki comes from a wealthy family and expanded his fortune through banking, politics, and real estate.
Businesses and Assets:
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Political influence and appointments
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Real estate investments
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Stake in banks and oil companies
2. Abdulrahman Abdulrazaq – Governor and Oil Businessman ($680 Million)
The current governor of Kwara State, Abdulrahman Abdulrazaq, is a businessman-turned-politician with a net worth of $680 million.
How He Made His Money: Before politics, he ran successful oil and gas companies and held contracts with major players in the sector.
Businesses and Assets:
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Oil and gas companies
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Government contracts
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Real estate and logistics
3. Lai Mohammed – Political Strategist and Media Entrepreneur ($470 Million)
Lai Mohammed, Nigeria’s former Minister of Information, is another wealthy indigene of Kwara. He has earned an estimated net worth of $470 million.
How He Made His Money: He combined political appointments, media consulting, and government contracts.
Businesses and Assets:
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Media consultancy
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Political strategy services
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Properties and private investments
4. Ibrahim Oniye – Construction and Engineering Magnate ($420 Million)
Ibrahim Oniye is a key figure in construction and civil engineering in the North-Central zone. He has a net worth of $420 million in 2025.
How He Made His Money: He secured major government and private infrastructure contracts.
Businesses and Assets:
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Civil engineering firms
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Road and housing projects
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Equipment leasing
5. Alhaji Kamaldeen Ajibade – Legal and Investment Specialist ($390 Million)
Alhaji Kamaldeen Ajibade is a top lawyer and investor based in Ilorin. His estimated net worth is $390 million.
How He Made His Money: He used legal consultancy, political appointments, and smart investing to build his wealth.
Businesses and Assets:
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Legal services and consulting
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Real estate projects
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Corporate investments
6. Toyin Saraki – Philanthropist and Healthcare Advocate ($370 Million)
Toyin Saraki, wife of Bukola Saraki, is a major voice in healthcare development and women’s rights. She has also built a strong network of private investments.
How She Made Her Money: Through global health initiatives, advisory roles, and property ownership.
Businesses and Assets:
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NGO partnerships
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Health-based consulting
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Real estate
7. Bolaji Abdullahi – Public Sector Consultant and Writer ($300 Million)
Bolaji Abdullahi is a former Minister of Youth and Sports and now a private consultant and author with a net worth of $300 million.
How He Made His Money: He leveraged public service and built influence in education and development circles.
Businesses and Assets:
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Public sector consultancy
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Book sales and speaking engagements
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Education-related investments
8. Alhaji Saka Saadu – Business Veteran and Education Investor ($270 Million)
Saka Saadu is known for his deep involvement in Kwara’s educational sector and private enterprise. He is estimated to be worth $270 million.
How He Made His Money: He invested in private schools, books publishing, and advisory roles.
Businesses and Assets:
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Private schools and training centers
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Book publishing
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Educational materials distribution
9. Ismail Mustapha – Transport and Real Estate Businessman ($250 Million)
Ismail Mustapha is a logistics and haulage expert turned real estate investor.
How He Made His Money: By owning a fleet of transport vehicles and transitioning into property development.
Businesses and Assets:
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Transport services
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Property leasing
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Warehousing facilities
10. Ahmed Abdulfatai – Hospitality and Food Processing ($200 Million)
Ahmed is one of the youngest millionaires on this list. He runs popular hotels, food processing companies, and restaurants in Ilorin.
How He Made His Money: By investing in local hospitality and agribusiness, including packaged foods.
Businesses and Assets:
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Hotels and lodges
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Food processing plants
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Restaurant chains
Conclusion
The top 10 richest men in Kwara State in 2025 represent success in different areas — politics, construction, oil, media, law, and agriculture. They show how a mix of good strategy, education, and opportunity can turn anyone into a millionaire or even a billionaire.
If you're from Kwara and dream of success, study their stories and learn from their journey.
Frequently Asked Questions (FAQs)
1. Who is the richest man in Kwara State in 2025?
Dr. Bukola Saraki, with an estimated net worth of $900 million.
2. Which sectors produce the most wealth in Kwara?
Politics, oil and gas, real estate, construction, and law.
3. Can someone become rich without politics in Kwara?
Yes. Several individuals on this list made their money through business.
4. Where should I invest in Kwara State?
Transport, agriculture, education, and property are good options.
5. Are there young millionaires in Kwara?
Yes. Many young entrepreneurs are rising in hospitality and logistics.