• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, August 8, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Dangote, others on Forbes Africa’s billionaires list, proof of prosperity in Nigeria

Forbes

The Matters Press by The Matters Press
April 15, 2025
Reading Time: 2 mins read
0
Dangote, others on Forbes Africa’s billionaires list, proof of prosperity in Nigeria

The Tinubu Media Support Group (TMSG) has described the presence of four Nigerian entrepreneurs on the 2025 Forbes list of Africa’s twenty-two wealthiest individuals as proof of prosperity in the land.

RELATED POSTS

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

National Single Window initiative, a major step for efficient cross-border trade – TMSG

‎Group celebrates 45% increase in federal revenue in just one month

In a statement signed by its Chairman Emeka Nwankpa and Secretary Dapo Okubanjo TMSG noted that it was instructive that Dangote Refinery was instrumental to Aliko Dangote retaining his position as Africa’s richest man.

It said: “Like many Nigerians, we are enthused that four Nigerians whose wealth was largely homegrown and sustained in the last year are on the Forbes list of Africa’s twenty-two billionaires in dollars.

“Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu, and Femi Otedola are all in the 2025 Forbes billionaires list, which also has seven South African nationals among Africa’s wealthiest individuals.

“It is instructive that Dangote retained his position as Africa’s richest person for the 14th year in a row, with his net worth moving from $13.9 billion to $23.9 billion in 2024, as a result of the inclusion of his Dangote Refinery’s valuation in Forbes’ calculations.

“This, for us, is a clear indication of prosperity in Nigeria and there is a strong possibility that by the time Abdulsamad Rabiu, who is sixth on the list with a fortune of $5.1billion, completes his BUA Refinery in Uyo, his ranking will improve on the back of the refinery’s valuation on completion.

“And there is Mike Adenuga, who is ranked fifth in Africa with a net worth of $6.8 billion, mainly as a result of his ownership of Nigeria’s first Indigenous telecoms operator.

“The fourth Nigerian on the Forbes list, Femi Otedola, with a net worth of $1.5 billion, is known to be actively diversifying his business concerns from the downstream sector of the oil industry to banking and power generation through his Geregu Power Plant.

“It is interesting to note that each of these billionaires grew their wealth by at least 25% in the first 22 months of the Tinubu administration.

“This cannot be coincidental and for us, it is an indication of the immense opportunities in the country.

“And it is therefore not surprising that foreign investors are trooping into the country, even at a time that opposition elements are spinning doomsday scenarios on the national economy.”

The group is optimistic that more Nigerian entrepreneurs whose wealth is linked to the stock market will make subsequent Forbes list of Africa’s billionaires in the aftermath of President Tinubu’s pro-business policies.

Tags: Forbes
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Chatham House stance on Nigeria’s economy, a non-biased assessment of  reforms
Economy/Technology

‎Group celebrates 45% increase in federal revenue in just one month

July 28, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Alleged Wasteful Turn Around Maintenance (TAM) of Refineries: Setting the records straight

July 25, 2025
Dangote Fertilizer in gas supply deal
Economy/Technology

IMPI seeks forensic audit of refineries from 2000 to 2023 ‎ ‎

July 25, 2025
Nigeria’s Dangote refinery will cut Africa’s petrol import by 36%
Economy/Technology

‎ADC erred, APC administrations never spent $18bn on refineries-IMPI ‎

July 25, 2025
Next Post
Nigeria  gazzettes ECOWAS tarriffs, advancing AfCFTA implementation

Nigeria gazzettes ECOWAS tarriffs, advancing AfCFTA implementation

Experts validate Nigeria’s implementation strategies for success under AfCFTA

Federal, states, councils get another bumper allocation in Nigeria

Recommended Stories

NEITI raises committee on contract transparency

NEITI reports incentivising revenue generation for Nigeria

September 19, 2022
Dangote Sugar declares N1 per share dividends

Dangote Sugar declares N1 per share dividends

March 4, 2022
UNDP empowers 800 persons through SMEs, cooperatives

UNDP maps to enhance rapid growth of Nigerian agro-entrepreneurs

October 31, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎
  • National Single Window initiative, a major step for efficient cross-border trade – TMSG
  • ‎Group celebrates 45% increase in federal revenue in just one month

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us