15 Best Tech Billionaires in Nigeria

While Nigeria has seriously embraced technology over the years, a significant amount of impact has been made with the creation of digital enterprises. It has also produced a lot of tech billionaires who have earned a huge fortune building and managing some of these tech firms.

Their contribution in the tech space has created solutions and opportunities for a lot of individuals and businesses. These Nigerian tech billionaires have not only built massive wealth but also contributed a great deal to the development of the economy and technological advancement of the country.

In this article, we will discuss some of the most popular tech billionaires in Nigeria; highlighting their achievements.

Who is a Tech Billionaire?

A tech billionaire is an individual whose net worth exceeds one billion, which is mainly generated through business ventures in the technology sector. It includes areas such as software development, telecommunications, fintech, and other tech-driven industries.

Such entrepreneurs use new technologies to produce products and services that solve different problems and bring them enormous financial revenues.

Check out the 20 Richest Tech Guys in Nigeria | 2025 Update

About Tech Billionaires in Nigeria

The Tech Billionaires in Nigeria are entrepreneurs who, through creating and leading technology-driven organizations, have amassed great wealth.

Some of them are entrepreneurs operating at the frontiers of telecommunications, while others operate software and digital banking; others also are creating solutions in the fintechs. Through it all, some have become leaders, while others have simply become employment opportunists.

Who is the Richest Tech Billionaire in Nigeria?

Mike Adenuga is Nigeria’s richest tech businessperson and is estimated to be worth $6.7 billion, considering his success with Globacom – a mobile telecommunication company and other investments that have kept him at the apex of the list in Nigeria’s tech business people.

Read Also: Top 5 African Tech Companies that can Become Unicorns in 2025

15 Best Tech Billionaires in Nigeria

The technology sector in Nigeria has grown phenomenally for which it has to be grateful to several visionary entrepreneurs. Below is a list of famous Nigerian tech billionaires, and their companies.

1. Mike Adenuga

Chief Michael Adeniyi Agbolade Ishola Adenuga Jr. was born on April 29, 1953, in Ibadan, Nigeria, and is considered one of the most successful billionaire businessmen emanating from Nigeria. He is also the founder of Globacom, Nigeria’s second-largest telecommunications operator, operating in Ghana and Benin.

Aside from the giant stake he holds in the above firm, Adenuga has shares in oil exploration firm Conoil, previously called Consolidated Oil Company, and Equitorial Trust Bank. He is estimated by Forbes to be worth about US$6.7 billion.

2. Mitchell Elegbe

Interswitch was founded by Mitchell Elegbe, who pioneered leading Nigeria’s electronic payment system and is currently the chief executive officer.

He led the company in making sure it plays a vital role in transforming Nigeria into a cashless society since, with its advent, fast and easy electronic transactions are possible all over the nation. His innovative approach has hit the fintech industry in Nigeria.

3. Tope Awotona

Tope Awotona was born in Lagos, Nigeria. He is the founder of Calendly, a software company for scheduling. Having immigrated to the United States, in 2013, Awotona founded Calendly, which grew to become a $3 billion software firm with more than 10 million users.

As of 2024, Forbes pegged his net worth at an estimation of $1.4 billion, hence one of the Nigerian Tech billionaires and among the richest Black billionaires in the U.S.

4. Olugbenga Agboola

Olugbenga Agboola was one of the co-founders of Flutterwave back in 2016 and is reputed to be one of the tech billionaires in Nigeria. Flutterwave is a FinTech company that is using its one API to offer online and offline payment solutions in different currencies to companies across Africa.

Under his watch, Flutterwave scaled into more than 33 countries, partnered with some key global payment providers, and changed the face of African payments in most ways.

5. Iyinoluwa Aboyeji

Iyinoluwa Aboyeji is one of Nigeria’s most celebrated entrepreneurs and co-founder at Andela and Flutterwave. Andela develops and connects the continent’s software developers with companies around the world, while Flutterwave offers seamless payment solutions across the continent.

His companies have contributed a great deal to developing the growth of tech talent and fin-tech solutions in Nigeria.

6. Sola Akinlade

Sola Akinlade is a co-founder and chief executive officer at Paystack. Paystack facilitates seamless collections and payments anywhere in Africa. Later, it was acquired by Stripe in 2020 for $200 million, one of the biggest milestones within Nigeria’s tech circle. This qualifies him to be in the list of tech billionaires in Nigeria

His efforts have gone a long way toward providing efficient means of payment solutions to African businesses.

See also: Top 10 Unicorn Companies in Africa in 2025

7. Tayo Oviosu

Tayo Oviosu is the founder of Paga, which hopes to extend financial services to millions of under-banked Nigerians. Under him, Paga emerged as one of the country’s leading mobile payment platforms that will further bring closer the dream of financial inclusion while easily carrying out daily bill payments.

Alongside the vision of Paga, the company has obviously, generated a lot of money for him; enough to enlist him among the tech billionaires in Nigeria

8. Ezra Olubi

Ezra co-founded Paystack and is the chief technology officer together with Sola Akinlade. Being a part of a multi-billion naira firm as Paystack, he can be referred to as one of the tech billionaires in Nigeria.

Ezra has been instrumental in the development of this platform, which has eased the hustle of receiving online payments among businesses in Africa.

His technical knowhow played a major role in the success of Paystack and its eventual acquisition by Stripe.

9. Ebun Okubanjo

Ebun Okubanjo is co-founder and Chief Executive Officer of Bento Africa, a company that provides payroll and HRM solutions to organizations. His work focuses on systemizing payment and offering financial inclusion to employees to enhance the efficiency level of human resource operations across Africa.

10. Chijioke Dozie

Chijioke Dozie is the Co-founder and Chief Executive Officer of Carbon, formerly known as Paylater, a fintech company with a wide array of digital financial services- loans, payments, and investments.

Under his leadership, Carbon has been able to provide financial services seamlessly for millions of Nigerians and aided in furthering financial inclusion.

11. Tunde Kehinde

Kehinde co-founded Jumia Nigeria, one of the largest e-commerce platforms, and later co-founded Lidya – Fintech startup that provides SME credits in some emergent markets. His ventures have significantly impacted Nigeria’s e-commerce and financial sectors

12. Kola Aina

Kola Aina, Founder and Lead at Ventures Platform, an early-stage fund and accelerator, investing in startups from across Africa. Aina has, through his work, supported numerous tech entrepreneurs, contributing to the growth and development of tech companies in Africa. He has made enough wealth from his venture to be called a tech billionaire.

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13. Bosun Tijani

Bosun Tijani is the founder and chief executive of Co-Creation Hub, leading the innovation center in catalyzing application-technology social capital for economic prosperity in Africa.

Since its inception, CcHub has incubated several successful businesses and built an invaluable collaborative tech community. Bosun is one of the tech billionaires in Nigeria, having built a successful and profitable entreprise.

14. Obi Ozor

At its peak, this, Kobo360 links African truck owners with companies in need of several transport services through the digital logistics platform. Co-founded by Obi Ozor, who doubles as the CEO of the company, his platform makes efficiency in the industry quite seamless; bringing reliability and eventually, cost-effectiveness.

His story about the journey of building Kobo360 is one of sacrifice, resilience, and dedication, which of course, has created wealth for him and put him on the list of tech billionaires in Nigeria. Obi Ozor is currently serving as the commissioner of Transport in his home state.

15. Laurin Hainy

Laurin Hainy is the CEO of FairMoney-an online banking services FinTech platform in several emerging markets offering financial services for the underbanked consumer. Much of his career has focused on how technology might enable better access to financial services.

FairMoney is one of the popular fintech platforms in Nigeria that has yielded profits and generated revenues by having a wide customer base.

16. John Tanimola Obaro

John Tanimola Obaro is the chief executive officer at SystemSpecs, a software firm behind Remita, an e-payment platform supporting billers of every kind, payouts, and collections for organizations and individuals. He has been very instrumental in the area of financial technology growth.

FAQs

What is the biggest tech company in Nigeria?

Flutterwave

What is the highest-paying tech job in Nigeria?

AI and Machine Learning Engineers, Cloud Architects, Cybersecurity Specialists, and DevOps Engineers

Is Microsoft still in Nigeria?

Microsoft has decided to close the Africa Development Centre in Nigeria

See also: Top 5 Insurance Companies to Watch Out in 2025

Conclusion

The Nigerian tech industry keeps growing and improving with the idea-driven entrepreneurs who have taken up the challenge of using technology to solve problems.

These achievements by tech billionaires go to prove not just individual success stories but also the potential of Nigeria as a hub for technological innovation and economic growth.

As the digital space continues to keep up with the evolving pace, more and more Nigerian tech entrepreneurs are expected to join the billionaires’ club, further propelling the nation’s prominence in the global tech arena.

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Bright Emeka
Bright Emeka
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