Nigerian Governors Who Were Billionaires Before Government Positions

Nigerian Governors Who Were Billionaires Before Government Positions
Nigerian Governors Who Were Billionaires Before Government Positions
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Even though it may appear that the majority of the country’s governors amassed their wealth through a series of political positions they held in different capacities, some were successful billionaire businessmen before entering politics.

While we cannot disagree that some politicians have successfully enriched themselves as governors, it cannot be said that all of Nigeria’s 36 governors began spending in multiple millions only after becoming governors. To that end, here is a list of current governors who have been confirmed to be billionaires before government positions.

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Abubakar Sani Bello

He is the current governor of Niger State and, as of 2022, the richest governor in Nigeria.

On March 17, 1967, he was born. According to our research, only his family’s net worth has been listed by Forbes magazine as being among the richest not only in Northern Nigeria but also in Africa.

Governor Sani Bello was born into a wealthy family before entering politics or holding public office. So we know his wealth is genuine, and he is currently Nigeria’s wealthiest state governor.

Governor Makinde

Seyi Makinde, is a businessman and one of Nigeria’s wealthiest politicians. As required by law, he recently declared his assets to be worth N48 billion.

With these wealthy politicians on the list of the richest governors in Nigeria in 2022, the question of why their states are among the poorest in the country arises.

Governor Yahaya Bello


Alh. Yahaya Bello, the governor of Kogi State, is one of the current governor in Nigeria known to have made a fortune in business before entering politics.

After leaving the Civil Service, Yahaya Bello, also known as Mr. Fairplus, ventured into stock trading. He then expanded into real estate before moving on to transportation, where he became a titan.

With the introduction of modern business management as well as the utmost financial prudence and integrity, his Fair Plus grew to become a massive transport firm known throughout West Africa.

Bello, who was born on June 18, 1975, in Okene, Kogi State, was already dealing in billions before answering his people’s call to become governor. Knowing his financial strength and capacity, he could only challenge Late Prince Audu Abubakar in the All Progressive Congress primary election for Kogi State governorship in 2015.

Looking at Bello’s financial success and multiple establishments before becoming governor, one should know that the man could fund his presidential campaign without dipping into Kogi State’s treasury. The governor already has a solid foundation on which he can rely without the use of public funds.

Soludo, Charles Chukwuma

Professor Charles Chukwuma Soludo took over as governor of Anambra State only a few days ago.

Before becoming governor, he was the former governor and chairman of the board of directors of the Central Bank of Nigeria, and his net worth had grown significantly to around 2.3 billion – $5 million.

The economics professor who is the fifth democratic governor of Anambra State was born on July 28, 1960, in Aguata LGA, Anambra State, and has a strong academic background.

The Trumpet is an emerging Nigerian online newspaper with the target of taking lead in a few years in professional journalism. Reach us via or call for opinions, contributions, and complaints. We do not compromise on standards.


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