As evidenced by the Kano state case, the majority of Nigerian governors are guilty of embezzlement of public funds, despite the fact that we are aware of the luxuries associated with holding the office of president, state governor, or even local government chairman.
Despite this, a number of these governors had considerable wealth prior to entering politics, having established successful businesses and investments that solidified their status as well-known business people in the community.
Despite this, these public servants occasionally abuse their sacred positions for their own financial benefit.
We will list the top 10 wealthiest Nigerian governors of 2024 along with their net worth, even though the majority of these governors have only recently taken office and there is not much information available about how they made their money.
The current list of Nigeria’s ten wealthiest governors for 2024, along with information on their investments and net worth, is provided below.
1. Governor Mohammed Umar Bago: An estimated $700 million is his net worth
Governor Mohammed Umar Bago is the current governor of Niger state and he is the richest governor in Nigeria 2024 with a net worth estimated at over $700 million.
In fact, he is the only Nigerian governor this 2024 whose name appeared on Forbes list among the most successful and richest men in Nigeria this 2024.
Governor Umar Bago was already a wealthy man even before he became governor of Niger state or assumed any public office, so we can’t list him among the corrupt public office holders in the country.
Born into a wealthy family, Umar Bago has investments in various businesses. With a net worth running into billions of Naira, we can proudly say that the wealthiest state governor in Nigeria 2024 is Governor Mohammed Umar Bago.
2. Governor Siminalayi Fubara – Net Worth Estimated At $550 Million
Governor Siminalayi Fubara is the second richest governor in Nigeria 2024 and the present governor of Rivers state.
Governor Siminalayi Fubara is a well respected citizen in the country and a wealthy Nigerian governor who has transformed Rivers state into an economic hub despite threats and distractions from the opposition party and former governor of his state.
A strong member of the People’s Democratic Party (PDP), he was a one time accountant general to former governor Wike before he became a state governor. He is also an accountant by profession as he studied accounts in his university days.
Governor Siminalayi Fubara net worth is estimated to be over $550 million and most Nigerians see him as one of the best performing governors in Nigeria this 2024.
3. Governor Uba Sani – Net Worth Estimated At $400 Million
The third richest Nigerian governor this 2024 is Kaduna state governor, Uba Sani. His net worth which is valued to be around $400 million makes him a rich governor.
Born on December 7th of 1970, he had occupied various public offices that boosted his chances of becoming a state governor.
Sani was appointed as the Special advisor on public affairs to former president Olusegun Obasanjo. He also worked at the Federal Capital Territory Administration (FCTA) on some advisory roles to the then FCT Minister, Nasir Ahmad El-Rufai.
Uba Sani is a Mechanical Engineer by training. He holds a Master of Science degree in Finance from the University of Calabar and a Post-Graduate Diploma in Business Administration from the University of Abuja.
Governor Uba Sani is one of the most hated governors especially in the southern part of the country.
4. Governor Dapo Abiodun – Net Worth Estimated At $314 Million
Governor Dapo Abiodun is the fourth richest Nigerian governor on our list and he is the current governor of Ogun state, the biggest state in south western Nigeria in terms of land mass.
Dapo Abiodun net worth is estimated at $314 million and this is so because he invested heavily in the oil and gas sector. Even before he entered politics, he was already the CEO of Heydon Petroleum, a top oil and gas firm in the country.
Just like Nasir El-Rufai, Governor Dapo Abiodun is also one of the most educated Nigerian governors with a degree in Accounting from Georgia State University.
5. Governor Chukwuma Soludo – Net Worth Estimated At $300 Million
Governor Soludo, the incumbent governor of Anambra State is presently the fifth richest governor in Nigeria in 2024. His net worth is estimated to be a whopping $300 million.
Governor Soludo is an accomplished economist and banker. He proved his mettle in the Nigerian banking sector when he worked as the Governor of the premier and apex banking institution, Central Bank of Nigeria, during the early stages of his career.
Soludo is a very active, card carrying member of All progressives Grant Alliance (APGA), a major political party that is now a fading force in South-Eastern Nigeria.
6. Governor Godwin Obaseki – Net Worth Estimated At $225 Million
Godwin Obaseki, is the incumbent governor of Edo State with a net worth currently standing at $225 million. During his early years, attended St. Matthew’s Anglican Primary School, Benin City where he obtained his first leaving school certificate after which he proceeded to Eghosa Anglican Grammar School, also in Benin City, Nigeria, for his secondary education.
After secondary school, he later attended the prestigious University of Ibadan where he obtained a Bachelor of Arts degree in Classics. On completing his education at the University of Ibadan, Godwin Obaseki moved to the United States to attend the University of Columbia and Pace University, New York, where he obtained his Master’s degree in Finance and International business.
Godwin Obaseki is a fellow of the Chartered Institute of Stock Brokers of Nigeria and an alumnus of the Lagos Business School Chief Executive Programme. He was also nominated a Global Leader for Tomorrow (GLT) by the World Economic Forum in 2001.
Godwin Obaseki has an impressive career spanning over 30 years. His established track record in investment banking, asset management, securities trading and the public sector both locally and internationally stand him out among many.
In 1983, he joined Capital Trust Brokers Limited, Lagos, where he began as a stock broker. He excelled greatly and he subsequently went on to bigger and better things like working with International Merchant Bank, an affiliate of First Chicago Bank.
He also joined AVC funds Limited, Lagos in 1988 and he served as Project Manager. Asked Project Manager, he was team lead of the core team that set up two new generation banks which improved the banking system in Nigeria.
From 1993 to 1995, Godwin Obaseki worked as a Principal of Equatorial Finance Co. in New York. He also founded Afrinvest West Africa Limited, which was known at that time as Security Transactions and Trust Company Limited, SecTrust, and became the pioneer Managing Director.
He also served as executive board member of several other private companies. He replaced Adams Oshiomole as Edo State governor, continuing the APC stronghold on the state.
7. Governor Alex Otti – Net Worth Estimated At Over $27 Millionitting at number seven on this list of richest governors in Nigeria 2024 is Governor Alex Otti, the current governor of Abia State with an estimated net worth of over $27 million.
Otti is a politician, banker, investor, philanthropist, and economist from Nigeria who is currently the governor of the country’s Abia State. His hometown is Isiala-ngwa. Otti was Diamond Bank Plc’s (a Nigerian retail financial institution) previous Group Managing Director. Otti stood for governor of Abia State on the Labour political party (LP) ticket.
He is also seen as the best governor in Nigeria that is working very well for his people.
8. Governor Bala Mohammed – Net Worth Estimated At Over $5.6 MillionBala Mohammed is the governor of Bauchi state and a former Minister of Federal Capital Territory (FCT), Abuja. He is currently ranked number nine on this list of richest governors in Nigeria 2024 with a net worth of over $5.6 million.
He graduated with a degree in English at the University of Maiduguri and he is a member of the main opposition party in the country, the People’s Democratic Party.
9. Governor Seyi Makinde – Net Worth N48 Billion
Seyi Makinde is the current governor of Oyo state under the umbrella of the PDP.
He recently revealed the worth of his assets and business to the public which he did in fulfillment of the law.
Gov. Seyi Makinde net worth is estimated at N48 Billion Naira. With this gesture, he isn’t among corrupt public office holders who steal from state funds to enrich themselves.