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In the past, when people in Nigeria talked about wealth, the conversation was mostly about oil, real estate, or politics. But over the past 20 years, tech millionaires in Nigeria have emerged, changing the game completely.
Instead of waiting for government jobs or relying on traditional businesses, young Nigerians are now creating innovative solutions, launching startups, and growing digital businesses that attract millions of dollars in investment.
A decade ago, not many people knew the name; Iyinoluwa Ayobeji. Today, he is one of Nigeria’s most successful tech entrepreneurs. He co-founded Andela, a company that has trained African software developers in their numbers, and later helped launch Flutterwave, a FinTech giant that has become one of Africa’s most valuable startups.
His journey is proof that the tech industry is opening doors to success like never before. Hence, technology is not just creating wealth in Nigeria; it’s shaping entire industries, generating jobs, and changing how businesses operate.
A tech millionaire is someone who has made a lot of money by working in the technology industry. This could be by starting a tech company, investing in digital businesses, developing software, or using the internet to build a business that can grow quickly.
Unlike traditional business owners who may focus on physical products or services, tech millionaires make their wealth using online platforms, digital tools, and smart ideas.
Many of them begin with little money but manage to grow their businesses fast by securing investments, forming strong partnerships, and making the most of technology.
Here are some common traits of tech millionaires:
Nigeria has one of the most vibrant tech ecosystems in Africa. With a growing number of startups, government support, and increasing venture capital investments, many Nigerians have built successful businesses in FinTech, online shopping, education technology, healthcare, and more.
Some of these tech millionaires started from scratch, working their way up with little resources. Others used their skills, connections, and smart strategies to grow their businesses.
But one thing they all have in common is their ability to turn technology into a powerful tool for making money and creating opportunities for others.
Below is a list of the 10 tech millionaires in Nigeria:
Networth: $100 million
First on our list of tech millionaires in Nigeria is Iyinoluwa Aboyeji. Iyinoluwa Aboyeji is one of the most recognized tech millionaires in Nigeria, known for building some of the country’s most impactful startups.
His journey in tech began with Andela, a company focused on training African software developers and connecting them to global tech firms.
However, Aboyeji’s biggest success came when he co-founded Flutterwave, a FinTech company revolutionizing online payments in Africa. Flutterwave simplifies financial transactions for businesses and individuals, making cross-border payments seamless.
Under his leadership, the company scaled rapidly, attracting major investors and becoming a billion-dollar startup. Today, Flutterwave is one of Africa’s most valuable tech firms, processing billions of dollars in transactions.
Networth: $50 million
Tayo Oviosu is one of Nigeria’s top tech millionaires. He founded Paga, a FinTech company, in 2009, and is known for transforming digital payments. His vision was simple: to make financial transactions easier for Nigerians, especially those without access to traditional banking.
Over the years, Paga has grown into one of the country’s biggest FinTech platforms, processing billions of dollars in transactions and serving millions of users.
His success has not only earned him recognition as a leading entrepreneur in Africa but also positioned him as one of the wealthiest figures in Nigeria’s tech space.
Networth: $150 million
Mitchell Elegbe is one of Nigeria’s most successful tech millionaires, known for transforming the financial sector through digital innovation.
As the founder of Interswitch, he played a key role in shifting Nigeria from cash-based transactions to a more efficient electronic payment system.
Before Interswitch, Nigerians faced major challenges with online payments, but his company introduced solutions that made transactions faster, safer, and more convenient.
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Networth: $2 million
Olugbenga Agboola is a key figure in turning Flutterwave into one of Africa’s largest FinTech companies. With his expertise in software engineering, he played a vital role in growing the company into a global payments giant.
Today, Agboola has become one of Nigeria’s top tech millionaires, showing how a blend of innovation, technology, and persistence can lead to incredible success.
Networth: $30 million
Sim Shagaya is a highly successful Nigerian entrepreneur known for building growing businesses. He started Konga, a giant in Nigeria’s online shopping world, which became one of the largest e-commerce platforms in the country.
Afterwards, he launched uLesson, an innovative education technology company that offers digital learning tools to students all over Africa. Through these ventures, Shagaya has become a leading tech millionaire in Nigeria.
His ability to spot market gaps and create impactful solutions has made him one of the country’s top tech moguls.
Networth: $100 million
Shola Akinlade stands out as one of Nigeria’s leading tech millionaires, thanks to his pioneering role in creating Paystack. He co-founded the platform to simplify online payments for businesses, not just in Nigeria but across Africa.
This milestone solidified Shola’s position as a top tech entrepreneur, proving his ability to turn a digital payment solution into a game-changer in the financial technology sector.
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Networth: $10 million
Silas Adekunle is a Nigerian inventor and tech entrepreneur who gained global recognition for creating the world’s first smart gaming robot.
His innovation has earned him a spot among Nigeria’s tech millionaires. Silas turned his passion for robotics into a healthy business, attracting significant attention and investments.
Networth: $20 million
Bosun Tijani is a key player in Nigeria’s tech scene. As the co-founder of CcHub, the country’s first innovation hub, he has helped countless startups grow and succeed.
CcHub became a launchpad for many tech entrepreneurs, offering support, resources, and a network of opportunities. Bosun’s influence extends far beyond just helping others start businesses; he has played a significant role in shaping Nigeria’s tech ecosystem.
Networth: $2.1 million
Odunayo Eweniyi is a successful entrepreneur and one of Nigeria’s top tech millionaires. As the co-founder of PiggyVest, a popular platform that helps Nigerians save and invest money easily, Odunayo has significantly impacted the FinTech sector.
By solving a common problem of savings and investment in Nigeria, Odunayo has become a key figure in the tech space, proving that technology can bring about financial change and empowerment for many Nigerians.
Networth: $35 million
Bosun Tijani is a prominent tech figure known for co-founding CcHub, the country’s first innovation center for technology. Through CcHub, he has helped countless startups get off the ground, creating a vibrant environment for young entrepreneurs to grow.
His contributions have earned him recognition as one of the top tech millionaires in Nigeria. By offering valuable mentorship, resources, and funding, Bosun has become a driving force in Nigeria’s growing tech industry.
Also, read: Best 10 Tech Business Ideas in Nigeria
Yes, but it requires dedication, skills, and the right mindset. Many tech millionaires started with little resources but scaled their businesses through innovation and persistence.
No. While FinTech is a major sector, tech millionaires exist in edtech, e-commerce, healthtech, and other digital industries.
The biggest tech company in Nigeria is Flutterwave.
The growth of tech millionaires in Nigeria shows just how powerful technology can be when it comes to creating wealth. Entrepreneurs like Olugbenga Agboola in FinTech and Sim Shagaya in EdTech have used tech to tackle challenges and build businesses.
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