Engineering in Nigeria has produced some of the most successful and wealthy professionals who have significantly contributed to the country’s infrastructure, technology, and industrial growth. Beyond their technical skills, many engineers have ventured into entrepreneurship, business, and leadership, amassing impressive fortunes.
In this article, we unveil the top 10 richest engineers in Nigeria in 2025, showcasing their estimated net worth, background, and career milestones.
Top 10 Richest Engineers in Nigeria (2025)
| Rank |
Name |
Estimated Net Worth |
Career Highlights & Background |
| 1 |
Mike Adenuga |
$7.7 billion |
Although primarily known as a businessman, Adenuga holds a degree in Engineering. Founder of Globacom, a major telecom giant in Nigeria and Africa. |
| 2 |
Oba Otudeko |
$700 million |
Industrial engineer and chairman of several multinational companies including Honeywell Group. |
| 3 |
Folorunsho Alakija |
$1 billion |
While best known as a businesswoman, she studied fashion design with engineering influences in her oil ventures. |
| 4 |
Adebayo Alonge |
$50 million |
Founder of RxAll, a pharmaceutical tech startup; holds engineering degrees and is an innovator in health tech. |
| 5 |
Isaac Adewole |
$45 million |
Medical doctor and engineer, former Minister of Health, with diverse investments in engineering sectors. |
| 6 |
Tunde Folawiyo |
$500 million |
Industrial engineer and businessman; CEO of Yinka Folawiyo Group involved in oil, gas, and power industries. |
| 7 |
Babatunde Raji Fashola |
$25 million |
Former Lagos State Governor and Minister of Works & Housing; trained as a lawyer but with engineering oversight roles. |
| 8 |
Akinwumi Adesina |
$20 million |
President of African Development Bank and former Nigerian Minister of Agriculture; background in agricultural engineering. |
| 9 |
Philip Emeagwali |
$10 million |
Renowned Nigerian engineer and computer scientist, often called the “Father of the Internet” for his computing breakthroughs. |
| 10 |
Nduka Obaigbena |
$5 million |
Engineer and media mogul; founder of ThisDay and Arise News Channel with investments in engineering tech. |
Frequently Asked Questions (FAQ)
| Question |
Answer |
| Who is the richest engineer in Nigeria? |
Mike Adenuga, with an estimated net worth of $7.7 billion, tops the list as Nigeria’s richest engineer. |
| Are all richest Nigerian engineers practicing engineers? |
Some richest engineers are entrepreneurs and business moguls with engineering backgrounds. |
| Which industries do Nigerian engineers dominate? |
Oil & gas, telecommunications, construction, power, technology, and manufacturing. |
| How do engineers in Nigeria build wealth? |
By combining technical expertise with business ventures, investments, and leadership in industrial sectors. |
| Are there Nigerian engineers influential internationally? |
Yes, engineers like Philip Emeagwali have global recognition for their innovations and contributions. |
Conclusion
Nigeria’s engineering sector has produced remarkable individuals whose technical expertise combined with entrepreneurial spirit have made them some of the wealthiest professionals in the country. From telecom giants like Mike Adenuga to innovators like Adebayo Alonge, these engineers continue to shape Nigeria’s economy and global technological landscape.
