Revealed! Why Dangote remains Africa’s richest man

• FG stated that 4 Nigerian institution entrepreneurs are included successful Forbes' 2025 database of the 22 richest radical successful Africa
• Emeka Nwankpa, the president of the group, said the Dangote Refinery was the crushed wherefore Aliko Dangote remained Africa's richest man
• He said it was noteworthy that Dangote has maintained his presumption arsenic Africa's richest antheral for the fourteenth twelvemonth successful a row

Legit.ng writer Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

The Tinubu Media Support Group (TMSG) claims that the occurrence of Nigeria is demonstrated by the information that 4 Nigerian entrepreneurs are included successful Forbes' 2025 database of the 22 richest individuals successful Africa.

Four Nigerian entrepreneurs are included successful Forbes' 2025 richest African list. Photo Credit: Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu
Source: UGC

According to the group's chairman, Emeka Nwankpa, Aliko Dangote's continued presumption arsenic Africa's richest man was made imaginable by the Dangote Refinery.

“Like galore Nigerians, we are enthused that 4 Nigerians whose wealthiness was mostly homegrown and sustained successful the past twelvemonth are connected the Forbes database of Africa’s 22 billionaires successful dollars.“Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu, and Femi Otedola are each connected the 2025 Forbes billionaires list, which besides has 7 South African nationals among Africa’s wealthiest individuals,” helium said.

Furthermore, helium stated that it was important that Dangote continued to clasp the rubric of richest idiosyncratic successful Africa for the fourteenth consecutive year.

He explained that the inclusion of Dangote Refinery's valuation successful Forbes' estimations caused his nett worthy to emergence from 13.9 cardinal dollars to 23.9 cardinal dollars successful 2024.

“This, for us, is simply a wide denotation of prosperity successful Nigeria and determination is simply a beardown anticipation that by the clip Abdulsamad Rabiu, who is sixth connected the database with a luck of 5.1 cardinal dollars, completes his BUA Refinery successful Uyo, his ranking volition improve.“And determination is Mike Adenuga, who is ranked 5th successful Africa with a nett worthy of 6.8 cardinal dollars, chiefly arsenic a effect of his ownership of Nigeria’s archetypal backstage indigenous telecom company.“The 4th Nigerian connected the Forbes list, Femi Otedola, with a nett worthy of 1.5 cardinal dollars, is known to beryllium actively diversifying his concern concerns from the downstream assemblage of the lipid manufacture to banking and powerfulness procreation done his Geregu Power Plant,” helium added.

According to Nwankpa, during the archetypal 22 months of the Tinubu administration, the wealthiness of each of the billionaires accrued by astatine slightest 25%.

Femi Otedola is known to beryllium actively diversifying his concern concerns. Photo Credit: Femi Otedola
Source: UGC

“This cannot beryllium coincidental, and for america it is an denotation of the immense opportunities successful the country.“It is, therefore, not astonishing that overseas investors are trooping into the country, adjacent astatine a clip that absorption elements are spinning doomsday scenarios connected the nationalist economy,” helium further said.

Following President Tinubu's pro-business policies, helium expressed anticipation that much Nigerian concern owners with banal market-related riches would beryllium included successful Forbes' adjacent database of Africa's billionaires.

Nigeria’s 4 richest men nett worthy rises by 32% successful 1 period

Legit.ng reported that the combined nett worthy of Nigeria's 4 richest men connected the Forbes Billionaire List is present $37.1 billion arsenic of Thursday, March 13, 2025.

This represents a 32.9% summation from the $24.9 cardinal combined nett worthy recorded connected February 12, 2025.

The 4 billionaires are Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu, and Femi Otedola.

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Source: Legit.ng