Godsent Ogbebor
Tinubu’s Policies Driving Billionaire Growth — TMSG
The Tinubu Media Support Group (TMSG) has described the appearance of four Nigerian businessmen on Forbes’ 2025 list of Africa’s wealthiest individuals as evidence of growing prosperity in the country.
In a statement released in Abuja on Tuesday, TMSG Chairman Emeka Nwankpa said the recognition of Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu, and Femi Otedola by Forbes shows that Nigerian wealth is being built and sustained locally.
He noted that Dangote retained his position as Africa’s richest man for the 14th consecutive year, with his net worth rising from $13.9 billion to $23.9 billion, largely due to the valuation of the new Dangote Refinery.
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“This is a clear signal that the country’s economic environment is yielding results,” Nwankpa said. “The other Nigerians on the list also made their fortunes through businesses rooted in Nigeria, showing that success is possible here.”
He added that Mike Adenuga, ranked fifth with $6.8 billion, remains a symbol of local enterprise through his telecoms business; Abdulsamad Rabiu, sixth with $5.1 billion, could rise even higher once his BUA Refinery in Uyo is completed; and Femi Otedola, with $1.5 billion, is expanding beyond oil into banking and power through Geregu Power.
Nwankpa said all four billionaires grew their wealth by at least 25 percent within the first 22 months of the Tinubu administration, calling it “no coincidence.”
According to him, this growth reflects the outcome of pro-business reforms that have attracted foreign interest despite economic challenges.
He expressed confidence that more Nigerian entrepreneurs would appear on future Forbes lists, particularly as the stock market continues to respond to government-driven economic policies.
