From Our Correspondent
Lagos, April 15, ’25 (TNZ) The Tinubu Media Support Group (TMSG) has described the presence of four Nigerian entrepreneurs on the 2025 Forbes list of Africa’s 22 wealthiest individuals as proof of prosperity in the land.
TheNewsZenith reports that TMSG gave the view in a statement signed by its Chairman Emeka Nwankpa and Secretary Dapo Okubanjo and made available to newsmen in Abuja on Tuesday.
It noted that Dangote Refinery was instrumental to Aliko Dangote retaining his position as Africa’s richest man.
“Like many Nigerians, we are enthused that four Nigerians, whose wealth was homegrown and sustained 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.
“The list 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. His net worth moving from $13.9 billion to $23.9 billion in 2024.
“This is as a result of the inclusion of his Dangote Refinery’s valuation in Forbes’ calculations.
“This is a clear indication of prosperity in Nigeria. There is also a strong possibility that by the time Abdulsamad Rabiu’s ranking will improve, when his BUA Refinery in Uyo is completed.
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“Rabiu is currently the sixth on the list with a fortune of $5.1 billion,” TheNewsZenith quotes from the statement.
TMSG stated further that Mike Adenuga was on the list because of his ownership of Nigeria’s first Indigenous telecoms operator.
He ranked fifth in Africa with a net worth of $6.8 billion.
“Femi Otedola on the list, with a net worth of $1.5 billion, is actively diversifying his business concerns.
“Otedola is diversifying from the downstream sector of 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 per cent 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.
“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 concluded. (TNZ)
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