Abuja, the Federal Capital Territory (FCT) of Nigeria, is home to some of the richest individuals in the country. Known for its political influence, booming real estate sector, and massive infrastructure development, Abuja attracts billionaires and multi-millionaires from various industries. Many of these wealthy men have built empires in real estate, oil and gas, banking, construction, and telecommunications.
In this article, we will reveal the top 10 richest men in Abuja and their net worth, showing you how they built their wealth and the industries they dominate. This comprehensive guide will also answer common questions about Abuja’s wealthy elite and how they impact the Nigerian economy.
1. Aliko Dangote – Africa’s Richest Man ($14.2 Billion)
Aliko Dangote is not only the richest man in Abuja but also the richest man in Africa, with an estimated net worth of $14.2 billion in 2025.
He is the founder and chairman of Dangote Group, a diversified conglomerate with interests in cement, sugar, salt, and oil refining. Dangote’s companies have headquarters and operations in Abuja, making him a major player in the FCT’s economy.
Business Empire
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Dangote Cement: Largest cement manufacturer in Africa.
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Dangote Sugar Refinery: A key player in Nigeria’s food industry.
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Oil Refinery: One of the largest refineries in Africa, located in Lagos but heavily influencing Abuja’s economy.
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Real Estate Investments: Major land and property holdings in Abuja and across Nigeria.
Dangote’s businesses provide thousands of jobs, and his philanthropic activities focus on health, education, and poverty alleviation.
2. Abdulsamad Rabiu – Industrialist and Investor ($8.9 Billion)
Abdulsamad Rabiu, founder of BUA Group, is another billionaire with strong business presence in Abuja. His net worth is estimated at $8.9 billion.
Business Empire
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BUA Cement: Second-largest cement producer in Nigeria.
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BUA Foods: Key player in sugar, flour, and edible oil production.
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Real Estate: Extensive property holdings in Abuja.
Rabiu’s companies have grown rapidly, making him one of the most influential businessmen in the FCT.
3. Femi Otedola – Oil Magnate and Investor ($6.5 Billion)
Femi Otedola, chairman of Geregu Power Plc, has a net worth of $6.5 billion. He made his initial fortune in oil and gas through Forte Oil, which he sold before diversifying into power generation and investments.
Business Empire
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Geregu Power: One of Nigeria’s largest power generation companies.
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Real Estate: Luxury properties and hotels in Abuja.
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Investments: Stakes in banks, fintech, and energy companies.
Otedola is also known for philanthropy, supporting education and healthcare in Abuja and nationwide.
4. Mike Adenuga – Telecom and Oil Mogul ($5.4 Billion)
Mike Adenuga, the founder of Globacom, is one of the richest telecom magnates in Africa, with a net worth of $5.4 billion.
Business Empire
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Globacom (Glo): One of Nigeria’s largest telecommunications networks.
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Conoil: Major oil exploration and marketing company.
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Real Estate: Extensive properties and commercial developments in Abuja.
Adenuga’s businesses provide jobs to thousands in the FCT and beyond.
5. Prince Arthur Eze – Oil Tycoon and Politician ($5 Billion)
Prince Arthur Eze, founder of Atlas Oranto Petroleum, has an estimated net worth of $5 billion.
Business Empire
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Atlas Oranto Petroleum: Africa’s largest privately-held oil exploration company.
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Real Estate: Ownership of luxurious estates and properties in Abuja.
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Political Influence: Major donor to political campaigns and social projects.
Eze’s investments in oil and real estate make him one of Abuja’s most powerful figures.
6. Aliyu Modibbo Umar – Real Estate and Construction Investor ($2.5 Billion)
Aliyu Modibbo Umar, a former FCT Minister, has turned his political career into massive wealth, with a net worth of $2.5 billion.
Business Empire
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Construction Firms: Investments in infrastructure and building projects in Abuja.
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Real Estate: Ownership of prime properties in central Abuja.
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Hospitality: Shares in high-end hotels and resorts in the FCT.
7. Tony Elumelu – Banking and Investment Mogul ($2.1 Billion)
Tony Elumelu, chairman of Heirs Holdings and UBA (United Bank for Africa), has a net worth of $2.1 billion.
Business Empire
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UBA: One of Africa’s largest banks with a strong presence in Abuja.
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Heirs Holdings: Investments in energy, real estate, and hospitality.
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Tony Elumelu Foundation: Supports entrepreneurship and development initiatives.
Elumelu’s influence extends across Africa but has strong roots in Abuja’s banking sector.
8. Jim Ovia – Banking and Real Estate Investor ($1.8 Billion)
Jim Ovia is the founder of Zenith Bank, one of Nigeria’s leading financial institutions, with a net worth of $1.8 billion.
Business Empire
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Zenith Bank: Headquarters in Lagos but major operations in Abuja.
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Real Estate: High-value properties in Abuja’s highbrow areas.
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Investments: Technology, telecoms, and hospitality sectors.
9. Tunde Folawiyo – Energy and Agriculture Magnate ($1.5 Billion)
Tunde Folawiyo, managing director of Yinka Folawiyo Group, has a net worth of $1.5 billion.
Business Empire
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Energy: Investments in oil, gas, and power projects.
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Agriculture: Large-scale farming enterprises.
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Real Estate: Holdings in Abuja and other cities.
Folawiyo is also involved in international trade and shipping, making him a diversified investor.
10. Musa Bello – Businessman and Politician ($1.1 Billion)
Musa Bello, former FCT Minister and business mogul, has a net worth of $1.1 billion.
Business Empire
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Construction: Shares in major construction firms handling Abuja projects.
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Real Estate: Ownership of luxury properties and estates in Abuja.
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Political Influence: Partnerships with investors to develop Abuja’s infrastructure.
Summary Table of the Top 10 Richest Men in Abuja (FCT)
| Rank | Name | Net Worth (USD) | Main Industries |
|---|---|---|---|
| 1 | Aliko Dangote | $14.2 Billion | Manufacturing, Real Estate |
| 2 | Abdulsamad Rabiu | $8.9 Billion | Cement, Foods, Real Estate |
| 3 | Femi Otedola | $6.5 Billion | Power, Real Estate, Investments |
| 4 | Mike Adenuga | $5.4 Billion | Telecom, Oil & Gas, Real Estate |
| 5 | Prince Arthur Eze | $5 Billion | Oil, Real Estate, Politics |
| 6 | Aliyu M. Umar | $2.5 Billion | Real Estate, Construction, Hospitality |
| 7 | Tony Elumelu | $2.1 Billion | Banking, Energy, Investments |
| 8 | Jim Ovia | $1.8 Billion | Banking, Real Estate, Technology |
| 9 | Tunde Folawiyo | $1.5 Billion | Energy, Agriculture, Real Estate |
| 10 | Musa Bello | $1.1 Billion | Real Estate, Construction, Politics |
Frequently Asked Questions (FAQs)
1. Who is the richest man in Abuja?
Aliko Dangote is the richest man in Abuja, with a net worth of $14.2 billion.
2. Which industry makes the most billionaires in Abuja?
Real estate, oil and gas, banking, and telecommunications create the most wealth in Abuja.
3. Do these billionaires live in Abuja permanently?
Many of them have luxury residences in Abuja but also live in Lagos or abroad due to business commitments.
4. How do these men impact Abuja’s economy?
They create jobs, invest in infrastructure, and contribute to economic growth through businesses and philanthropy.
5. Are there young billionaires in Abuja?
Yes, Abuja has a growing number of younger entrepreneurs who are building wealth in fintech, real estate, and technology.
Conclusion
The top 10 richest men in Abuja (FCT) are business giants and investors with deep roots in industries such as real estate, oil and gas, banking, and telecommunications. These men play a key role in Abuja’s development, contributing to job creation, infrastructure, and social projects.
Understanding their success stories can inspire entrepreneurs and investors looking to build wealth in Nigeria’s capital city.