Nigeria is not only Africa’s most populous nation but also one of its most religious. Christianity has taken deep root in the country, with churches found in every city, town, and village. Over the decades, several Christian ministries have grown beyond spiritual sanctuaries into powerful institutions with global reach, significant real estate holdings, thriving businesses, and immense financial resources.
In this post, we explore the 8 richest churches in Nigeria. We take a closer look at their history, leadership, net worth, and the various avenues through which they have amassed their wealth.
1. The Redeemed Christian Church of God (RCCG)
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Founder: Pastor Josiah Akindayomi (1952)
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General Overseer: Pastor E.A. Adeboye
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Headquarters: Redemption Camp, Ogun State
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Estimated Net Worth: Over $10 billion
The Redeemed Christian Church of God (RCCG) stands tall as the wealthiest church in Nigeria. With millions of followers and branches in over 190 countries, RCCG is a global Christian powerhouse. It owns massive properties including the Redemption Camp, which functions as a mini-city with banks, schools, and residential areas.
RCCG’s revenue streams include tithes, offerings, property investments, and its educational arm, which includes Redeemer’s University. It also owns Dove TV, a media outlet that broadcasts its events worldwide. The annual Holy Ghost Congress attracts millions of worshippers, further boosting the church’s visibility and finances.
2. Living Faith Church Worldwide (Winners' Chapel)
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Founder: Bishop David Oyedepo (1981)
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Headquarters: Canaanland, Ota, Ogun State
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Estimated Net Worth: $3.5 billion
Living Faith Church Worldwide, popularly known as Winners’ Chapel, was founded by Bishop David Oyedepo, who is often described as the richest pastor in Africa. The church headquarters, Canaanland, spans thousands of hectares and houses the 50,000-seat Faith Tabernacle, Covenant University, and multiple businesses.
Aside from offerings and tithes, the church’s wealth comes from its educational institutions—Covenant University and Landmark University—as well as its publishing house, Dominion Publishing House. It also holds major annual events like Shiloh, which attracts participants from all over the world.
3. Christ Embassy (Believers' LoveWorld Incorporated)
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Founder: Pastor Chris Oyakhilome (1987)
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Headquarters: Lagos, Nigeria
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Estimated Net Worth: $2–3 billion
Christ Embassy, also known as Believers' LoveWorld Incorporated, has made a significant mark with its charismatic services and heavy media presence. Founded by Pastor Chris Oyakhilome, the church has millions of followers in Nigeria and abroad.
Christ Embassy owns multiple TV channels, including LoveWorld TV, LoveWorld SAT, and LoveWorld Plus. It has a large publishing arm producing books and devotionals such as the widely read “Rhapsody of Realities.” This media dominance and global reach are key contributors to the church’s wealth.
4. Deeper Christian Life Ministry
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Founder: Pastor W.F. Kumuyi (1973)
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Headquarters: Gbagada, Lagos State
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Estimated Net Worth: $30 million
Deeper Christian Life Ministry is one of Nigeria’s most conservative Pentecostal churches. Under the leadership of Pastor William Folorunsho Kumuyi, the church emphasizes holiness and strict adherence to biblical doctrines.
The church’s headquarters in Gbagada, Lagos, features a massive 30,000-seat auditorium built at a cost of about ₦4 billion. Deeper Life also owns several educational institutions, including Deeper Life High Schools and Anchor University. These ventures, along with offerings and real estate, contribute to the church’s financial base.
5. Mountain of Fire and Miracles Ministries (MFM)
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Founder: Dr. Daniel Olukoya (1989)
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Headquarters: Prayer City, Lagos-Ibadan Expressway
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Estimated Net Worth: $50 million
Mountain of Fire and Miracles Ministries (MFM) is known for its fervent prayer sessions and spiritual warfare. Founded by Dr. D.K. Olukoya, MFM has grown exponentially with branches across Nigeria and abroad.
The church’s headquarters, Prayer City, spans a vast area and includes housing, schools, and its own university—Mountain Top University. The church generates revenue through member donations, real estate, and investments in education and publishing.
6. The Synagogue Church of All Nations (SCOAN)
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Founder: Prophet T.B. Joshua (1987)
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Headquarters: Ikotun-Egbe, Lagos
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Estimated Net Worth: $15 million
SCOAN became internationally known due to the healing and prophetic ministry of its late founder, Prophet T.B. Joshua. The church drew visitors from all over the world, contributing significantly to local tourism and commerce.
SCOAN’s revenue was primarily derived from offerings, merchandise sales, and international viewership. The Emmanuel TV channel broadcasted services to millions globally. Despite Prophet Joshua's passing in 2021, the church remains operational and continues to attract thousands of worshippers.
7. The Lord’s Chosen Charismatic Revival Ministry
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Founder: Pastor Lazarus Muoka (2002)
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Headquarters: Lagos, Nigeria
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Estimated Net Worth: Not publicly disclosed
Though younger than others on this list, The Lord’s Chosen has rapidly grown into a mega-ministry with a massive following. Known for its large-scale crusades, the church has a visible presence across Nigeria and in several other countries.
Its wealth comes from the sheer volume of its membership, which ensures consistent income from offerings and donations. The ministry is also investing in infrastructure and real estate, ensuring continued financial growth.
8. House on the Rock
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Founder: Pastor Paul Adefarasin (1994)
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Headquarters: Lagos, Nigeria
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Estimated Net Worth: Not publicly disclosed
House on the Rock is a contemporary church known for its vibrant services, high-profile leadership, and its globally recognized gospel concert, “The Experience.” The church has branches across Nigeria and abroad.
It owns The Rock Cathedral in Lekki, Lagos—a state-of-the-art facility that hosts major events and conferences. The church also invests in media, music, and humanitarian outreach. Though exact financial figures are unavailable, its infrastructure and influence indicate substantial wealth.
Conclusion
The rise of wealthy churches in Nigeria is a reflection of their growth in membership, global reach, and diversified investments. From media empires and educational institutions to real estate and international branches, these churches have turned spiritual leadership into multi-billion naira enterprises.
While their financial success draws admiration and sometimes criticism, there is no doubt that these churches play a significant role in shaping Nigeria’s religious, social, and economic landscape. As they continue to expand, their influence is likely to grow both within and beyond Nigeria’s borders.
