Top 10 Richest Farmers in Nigeria

Richest Farmers in Nigeria: Nigeria is known for its vast agricultural resources and potential, and some farmers have managed to turn this potential into immense wealth. In this article, we will be discussing the top 10 richest farmers in Nigeria. These individuals have built successful agribusinesses and amassed considerable wealth through their innovative approaches to farming. From cultivating crops to livestock farming and agro-processing, these farmers have set the pace for the future of agriculture in Nigeria.

Let’s take a closer look at the stories of these successful farmers who have not only made a fortune but also contributed significantly to Nigeria’s economy.

Top 10 Richest Farmers in Nigeria

1. Rotimi Williams – Kereksuk Rice Farm

Rotimi Williams is a Nigerian farmer who made it to the Top 10 Richest Farmers in Nigeria list. He is the owner of Kereksuk Rice Farm, which is the second-largest commercial rice farm in Nigeria. Rotimi left his job as a journalist to pursue his passion for agriculture and has been successful in transforming his 45,000-acre farm into a thriving business.

Kereksuk Rice Farm is not only contributing to food security in Nigeria but is also creating job opportunities for the locals. Rotimi’s success story is a testament to the potential of agriculture in Nigeria and the possibilities it holds for the country’s economy.

2. Olusegun Obansanjo – Obasanjo Farm

Chief Olusegun Obasanjo, a former head of state, politician, and retired army officer, is also a successful farmer who owns Ota Farm, also called Obasanjo Farms. The farm started in 1979 and began with two-layer houses containing 100,000 birds each and five broiler houses of 12,000 each.

The farm has expanded over the years and now has up to 7,000 workers, two feed mills, and branches in Ibadan and Igbo-Ora. Obasanjo makes up to N34 million daily from his farm, which has played a significant role in developing agriculture and food production.

3. Engineer Kolawole Adeniji – Niji Farms

Engineer Kolawole Adeniji, the founder, President, and CEO of Nigi Group, he started Niji Group in 1991 as a small business called Niji-Lukas, which has now grown into a large conglomerate with six subsidiaries. These subsidiaries cover various areas like Agricultural Machineries and Equipment Manufacturing, Farming, Food Processing, Agribusiness Education, Farm Mechanization, and Hospitality.

Additionally, Kolawole is a fabrication engineer and is responsible for creating some of the machinery used on his farms. The farm started on a 500-acre land and is now one of the top farms with expertise in cassava in Nigeria.

4. Prince Arinze Onebunne – Jovana Farms LTD

Prince Arinze Onebunne is the successful managing consultant and CEO of Jovana Farms located in Mushin, Lagos. Onebunne specializes in farming animals like grass cutters, rabbits, quail, antelope, guinea pigs, fish, and more.

He is a high-profile animal farmer and has traveled to over 30 states in Nigeria and other countries as a seminar facilitator, advocate, training personnel, and empowerment speaker. He is also a pioneer in modern fish and livestock farming in Nigeria, which is a fast-growing and profitable subsector of the nation’s economy.

In addition to sales of animal products, Onebunne earns millions from consultancy charges and services such as feasibility research, site survey, and farm construction.

5. Wahab Iyanda Folawiyo – Folawiyo Farms Limited

Folawiyo Farms Limited, located in Lagos, was established on October 4, 1985. The farm specializes in integrated agricultural production, with branches in different states in Nigeria. It was founded by the late Alhaji Wahab Iyanda Folawiyo, a famous business tycoon and philanthropist known as the Baba Adinni of Nigeria.

Additionally, the Farm is a major player in agriculture and is involved in livestock farming, fish farming, flour milling, agrochemical production and distribution, agricultural consultancy, engineering, pesticide production and supply, fertilizer services, horticulture, and more. The founder’s journey began in 1957 when he established Yinka Folawiyo and Sons Limited, an import-export business empire that spans various sectors of the Nigerian economy, including shipping, banking, construction, agriculture, and energy.

6. Abdulsalami Abubakar – Maizube Farms Limited

General Abdulsalami Abubakar is not only a distinguished military general and former head of state of Nigeria but also the owner of Maizube Farms Limited. Located in his hometown of Minna, Niger State, the 500-hectare multi-product farm is one of the reliable sources of crop and animal goods for food and other uses in Nigeria.

The farm has areas for crops and livestock, helping to meet the food needs of many Nigerians and making General Abubakar a significant player in the country’s agricultural industry.

7. Abdullahi Adamu – Nagari Integrated Dairy Farms

Alhaji Abdullahi Adamu, a former governor of Nasarawa State and current senator of the Federal Republic of Nigeria is a notable figure on this list.

He is the founder of Nagari integrated farm, which is one of the largest dairy farms in Africa. The farm has a single herd of about 7,000 Holstein cattle on 1,200 hectares of farmland. It is a top producer of high-quality farm and dairy products.

8. Usman Dantata Jr – Anadariya Farms

Usman Dantata Jr is the owner of Anadariya Farms, a leading agricultural company located in Kano state, Nigeria. The farm is involved in the production and processing of different agricultural products such as rice, maize, wheat, and sesame.

Anadariya Farms also specializes in poultry farming and egg production, providing quality products to customers across the country. With over 20 years of experience in the agricultural industry, Usman Dantata Jr is committed to promoting sustainable farming practices and increasing food production in Nigeria.

9. Lady Funmilayo Agbato – Animal Care Services

Lady Funmilayo Agbato is the founder and CEO of Animal Care Services Konsult Nigeria Limited (ACSK), a company that specializes in animal production, animal health, and animal nutrition. Founded in 1979, the company has become one of the leading providers of veterinary products and services in Nigeria.

ACSK operates a large commercial farm, producing high-quality eggs and poultry meat for local and international markets. Lady Agbato’s innovative and entrepreneurial approach has earned her several awards, including the Nigerian Order of Merit in Agriculture in 2012. She is a role model for women in business and agriculture in Nigeria.

10. Tunde Folawiyo – Yinka Folawiyo Group of Companies

Tunde Folawiyo is a Nigerian businessman and the managing director of the Yinka Folawiyo Group of Companies. Founded in 1957 by his father, the late Wahab Folawiyo, the conglomerate has interests in various sectors including oil and gas, shipping, real estate, agriculture, and telecommunications. Tunde has continued to expand the group’s operations and investments in Nigeria and other countries and is committed to sustainable business practices. He is also a philanthropist and has contributed to various social causes in Nigeria.

Here is a summary list of the 10 Richest Farmers in Nigeria:

1. Rotimi Williams – Kereksuk Rice Farm

2. Olusegun Obansanjo – Obasanjo Farm

3. Engineer Kolawole Adeniji – Niji Farms

4. Prince Arinze Onebunne – Jovana Farms LTD

5. Wahab Iyanda Folawiyo – Folawiyo Farms Limited

6. Abdulsalami Abubakar – Maizube

7. Abdullahi Adamu – Nagari Integrated Diary Farms

8. Usman Dantata Jr – Anadariya Farms

9. Lady Funmilayo Agbato – Animal Care Services

10. Tunde Folawiyo – Yinka Folawiyo Group of Companies

Conclusion

Well, who said farming doesn’t pay? These Nigerian farmers have proven that there’s money in the soil! From poultry to cassava, they’ve cultivated their way to the top of the financial ladder. Let’s hope their success inspires more people to get their hands dirty and reap the rewards of agriculture.

Read More:

Top 10 Richest Gamers In The World (2023)

Top 10 Most Consumed Foods In The World ( Check No.8, the Fruit snack)