Top 10 Richest Men in Ogun State and their Net Worth

Ogun State is one of the 36 states in Nigeria, located in the southwestern part of the country. It was created in 1976 and was carved out of the former Western State. The capital city of Ogun State is Abeokuta, which is also one of the largest cities in the state. Abeokuta is known for its historic significance, being the site where the Egba people, under the leadership of Chief Olusegun Oshoba, took refuge from slave raiders in the early 19th century.

Ogun State shares borders with Lagos State to the south, Oyo State to the north, Ondo State to the east, and the Republic of Benin to the west. It has a diverse landscape that includes coastal areas, plains, and hilly terrain, particularly in the eastern part of the state. Ogun State has a diverse economy driven by agriculture, industry, trade, and commerce. Agriculture is a significant sector, with the state being known as the “Gateway to Nigeria’s Food Basket.” The state is a major producer of crops such as cocoa, cassava, maize, and palm oil. Ogun State is also home to several industrial estates and manufacturing companies, particularly in areas such as Ota, Agbara, and Sagamu.

The state is not only renowned for its rich cultural heritage and historical significance but also for being home to some of Nigeria’s most affluent individuals. This article delves into the lives and fortunes of the top 10 wealthiest men in Ogun State, exploring their diverse business ventures, contributions to society, and the sectors that have propelled them to the pinnacle of financial success.

Chief Michael Adeniyi Ishola Adenuga Jr.:

Chief Michael Adeniyi Ishola Adenuga Jr. is a towering figure in Nigeria’s business landscape and a potential contender for the top spot among Ogun State’s wealthiest individuals. As the founder and chairman of Globacom, Nigeria’s second-largest telecommunications company, and the chairman of Conoil, an indigenous oil exploration and production company, Adenuga’s empire spans telecommunications, oil, and real estate, among other sectors.

Chief Kessington Adebutu:

Chief Kessington Adebutu, popularly known as Baba Ijebu, is a household name in Nigeria’s lottery and gaming industry. As the founder and chairman of Premier Lotto Limited, Adebutu has built a fortune from his lottery business, establishing himself as one of Ogun State’s most successful entrepreneurs. His philanthropic activities, particularly in the areas of education and healthcare, have earned him widespread admiration.

 Otunba Subomi Balogun:

Otunba Subomi Balogun’s influence extends beyond his banking empire to various sectors of the Nigerian economy. As the founder of First City Monument Bank (FCMB), Balogun has played a pivotal role in shaping Nigeria’s financial landscape. His investments in real estate, hospitality, and agriculture have further solidified his position as one of Ogun State’s wealthiest individuals.

Chief Rasak Okoya:

Chief Rasak Okoya’s conglomerate, Eleganza Group, is a dominant force in Nigeria’s manufacturing and real estate sectors. With interests in industries ranging from plastics to textiles, Okoya has amassed considerable wealth and influence. His contributions to job creation and industrialization have made him a key player in Ogun State’s economy.

Dr. Taiwo Afolabi:

Dr. Taiwo Afolabi’s entrepreneurial journey in logistics and maritime services has earned him a place among Ogun State’s wealthiest individuals. As the founder and CEO of SIFAX Group, a leading logistics and maritime company, Afolabi has expanded his business empire both nationally and internationally. His investments in port infrastructure and transportation have contributed to Ogun State’s economic development.

Alhaji Aliko Dangote:

While Alhaji Aliko Dangote’s origins trace back to Kano State, his investments in Ogun State are significant and warrant acknowledgment. As Africa’s wealthiest individual, Dangote’s conglomerate spans multiple sectors, including cement, sugar, and flour milling. His investments in Ogun State, particularly in cement production, have created jobs and stimulated economic growth.

 Prince Samuel Adedoyin:

Prince Samuel Adedoyin’s business interests cut across various sectors, including pharmaceuticals, hospitality, and real estate. As the founder and chairman of Doyin Group of Companies, Adedoyin has built a diversified business empire with a presence in Ogun State and beyond. His contributions to healthcare and tourism have made him a notable figure in the state.

Chief Olusegun Obasanjo:

Chief Olusegun Obasanjo, a former President of Nigeria, is a towering figure in Nigerian politics and business. Through his investments in agriculture, education, and hospitality, Obasanjo has made significant contributions to Ogun State’s economy. His farm, the Olusegun Obasanjo Presidential Library Complex, and other ventures have contributed to job creation and rural development.

 Chief Kola Daisi:

Chief Kola Daisi’s wealth stems from his investments in telecommunications, real estate, and oil and gas. As the founder and chairman of Daisi Group of Companies, he has built a diversified business portfolio over the years. Daisi’s philanthropic efforts in education and healthcare have left a lasting impact on communities in Ogun State.


Ogun State’s wealthiest individuals exemplify the entrepreneurial spirit and resilience that characterize Nigeria’s business landscape. Through their diverse investments and philanthropic activities, they have not only amassed significant wealth but have also contributed to the socioeconomic development of the state. As Ogun State continues to evolve, these individuals will play a crucial role in shaping its future.

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