Nigeria boasts some of the richest people in Africa, and the country’s South-South area is no exception. Because of its huge oil and gas deposits, the area is one of the richest in the country.
The region’s richest individuals, who have built their fortunes in diverse industries including as oil and gas, banking, and real estate, among others, have not only contributed to the region’s economic progress but also to the development of Nigeria as a whole.
This article will look at various billionaires from Nigeria’s South-South area.
Tony Elumelu
Anthony Onyemaechi Elumelu, also known as Tony Elumelu, is a well-known Nigerian entrepreneur, investor, and philanthropist.
The Nigerian economist is the Chairman of Transcorp, Heirs Holdings, a family-owned investment holding business with holdings in diverse areas such as finance, hotels, healthcare, and real estate across Africa, as well as the creator of the distinguished Tony Elumelu Foundation.
Tony Elumelu purchased the United Bank for Africa (UBA) in 2015 and was selected to Time’s 2020 list of the world’s top 100 most influential people.
Tony Elumelu, one of Nigeria’s richest men, has made substantial contributions to the region’s and the country’s economic growth. He has provided employment opportunities, spurred economic growth, and assisted in the reduction of poverty in the region through his investments in numerous industries.
Jim Ovia
Jim Ovia is a rich Nigerian from the country’s south-south area. He is the creator of Zenith Bank Plc, one of Nigeria’s most lucrative financial organizations, which was created in 1990.
The Nigerian billionaire who has led the financial institution to become one of the most successful in the country is also the creator of Visafone telephony, which has long since been bought by MTN. He is now the chairman of the institutions.
Benedict Peters
Benedict Peters is yet another wealthy Nigerian from the country’s south-south area. He is the creator of the Aiteo Group (Aiteo Eastern Exploration and Production Company Limited), one of Nigeria’s major indigenous oil producers.
Benedict began his career at Ocean and Oil, currently known as Oando Plc, before moving on to MRS Oil Nigeria Plc. He formed the Aiteo Group in 2008, and the firm now owns one of the largest petroleum tank farms in the country.
Igho Sanomi
Igho Charles Sanomi is one of the richest persons in the country’s south-south area. He is a Nigerian millionaire businessman, geologist, public speaker, and philanthropist.
Televeras, an African privately held corporate conglomerate with interests in energy and infrastructure, oil and gas exploration, production, trade and supply, electricity and construction, was created in 2004.
Austin Avuru
Austin Avuru is a Nigerian businessman and entrepreneur. Via the merging of two of their enterprises, he and Orjiako co-founded Seplat Petroleum Development Company. Seplat, an indigenous oil and gas exploration and production firm, was established in 2009.
Austin, a notable participant in Nigeria’s oil and gas business, is also the Founder and Executive Chairman of AA Holdings, a private investment company whose fundamental objective is to advance the Austin Avuru family’s financial and charitable interests.
