Nigeria as a leading economic engine in sub-saharan Africa despite being a developing country in West Africa is a nation of diverse opportunities for its citizens; including the opportunities to start, grow and earn money as they engage in different economic enterprises. This list is to review the activities of top performing entrepreneurs in terms of their contributions to the country’s economic growth.
This review focuses on entrepreneurs and would not consider personalities or any economic player with no traceable source of wealth. This list features the names and the industry where they have significantly made their mark.
This list has been carefully selected on the basis of:The worth of their shares held in quoted companies.
The impact of their companies on the Nigerian economy
The market value of their company’s brand
The number of companies they own and its assumed value
The size and market share of their companies
Details of their success stories will be subject of our featured stories. For this purpose, we’ve narrowed down on the vital aspects of their business performance. Find below the list of the Nigeria’s frontline entrepreneurs whose wealth attests to proven entrepreneurship track record.
Nigerian’s 20 Frontline Entrepreneurs in Nigeria 2022 (arranged Alphabetically)
Name Company Name (Industry)
Adedeji Adeleke – Pacific Holdings (Oil & Gas, Real estate, Education)
Alhaji Aliko Dangote – Dangote Group, (Manufacturing, Oil & Gas)
Alhaji Sayyu Dantata – MRS Group (Oil & Gas, Construction)
Chief Ade Ojo – Elizade Motors Nig LTD (Auto Retailing)
Alhaji Abdul Samad Rabiu – BUA Group, (Manufacturing, Oil & Gas)
Chief Cletus Ibeto – Ibeto Group (Trading, manufacturing, Oil & Gas)
Chief Molade Okoya Thomas – CFAO Nig (Automobiles)
Cosmos Maduka – Coscharis Group (Automobile, manufacturing)
Dele Fajemirokun – Aiico Insurance, Xerox Nigeria, Chicken Republic (Insurance, Security, Technology, Food retailing)
Femi Otedola – Forte Oil and Gas (Oil & gas)
Fola Adeola – GTBank, Mainone (Banking)
Jim Ovia – Zenith Bank, Visafone (Banking, Telecom)
Leo Stan Ekeh – Zinox (Computer, technology)
Mike Adenuga – Conoil, Globacom (Oil & gas, Banking, Telecom)
Orji Uzor Kalu – Slok Group (Aviation, Shipping, publishing, manufacturing)
Pascal Dozie – MTN Nigeria, Diamond Bank (Banking, Telecom)
Prince Samuel Adedoyin – Doyin Group (manufacturing, pharmaceuticals)
Tony Elumelu – Heirs Holdings (Banking)
Tony Ezenna – Orange Group (Pharmaceutical, oil & gas)
Umaru Abdul Mutallab – former Chairman First Bank Plc, Mutallab Group
Vincent Amaechi Obianodo – Young Shall Grow Motors, RockView Hotels (Transportation, hotels)
These entrepreneurs have proven their mastery of the country’s entrepreneurship landscape despite the harsh operational and business challenges often associated with running businesses the country. They were able to navigate their through the unfavorable climates. In a country with a population of over 200 million inhabitants and millions of businesses; these 20 frontline entrepreneurs has painstakingly stamped their names in the sands of time by taking advantage of the fastest growing business opportunities in Nigeria among many growing African businesses.
The famous entrepreneurs in Nigeria are dogged in guts. They are strong willed and unrelenting. Success is not an option to these set of individuals in fact it’s a must. These individuals refuse to be held down by circumstance; instead, they reached out for their inner strength and went for success.
These are highly focused and determined entrepreneurs who have been rewarded for their being proactive, doggedness and foresight.