Top 10 Young Nigerian Billionaire Entrepreneurs Taking Over Africa (2022)

This article will discuss the top 10 young Nigerian billionaire entrepreneurs taking over Africa and the world at large. These young Nigerian entrepreneurs, more than anyone else, are known for going above and beyond to meet societal requirements and create jobs for the Nigerian people.

They not only make their families proud, but they also make the country proud by consistently breaking down barriers in the country’s challenging business climate. These young Nigerian entrepreneurs work in a variety of industries, including technology, entertainment, and fashion.

And as a result, we at RNN have compiled this list to celebrate the subtleties of these young entrepreneurs in Nigeria, who have inspired us and many others to promote a culture of nation-building and leadership dynamics.

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Top 10 Youngest Nigerian Billionaire Entrepreneurs in 2022

The table below contains the names, net worth, and sources of wealth of the top 10 young Nigerian billionaire entrepreneurs taking over Africa.

1. Babs Ogundeyi

The first person on our list of the top 10 young Nigerian billionaire entrepreneurs taking over Africa is Babs Ogundeyi. He is a  successful businessman who is one of the few people who contributed to the development of online banking in Nigeria.

Babs Ogundeyi is the founder of the popular internet banking Kuda Bank. Babs Ogundeyi has undoubtedly made a difference in Nigeria. Currently, his company, Kuda Bank, is acquiring Nigerian banks.

Kuda bank already has over 5 million subscribers, and the number is growing rapidly every day. Kuda Ban offers free internet banking and 0% transaction fees to all of their customers. They also provide free ATM cards to all of their customers.

2. Olugbenga Agboola

Olugbenga Agboola is the Co-Founder and CEO of Flutterwave, a financial services firm situated in San Francisco and Lagos. He is the second person on our list of the top 10 young Nigerian billionaire entrepreneurs taking over Africa.

He was the Chief Technology Officer at Flutterwave before becoming the CEO. When Iyinoluwa Samuel Aboyeji, the previous CEO, stepped down, Olugbenga Agboola took over as CEO.

He is a licensed ethical hacker, security analyst, and Microsoft system engineer in addition to being a fintech engineer and entrepreneur. Olugbenga Agboola has aided the development of a few Fintech firms and financial services, such as PayPal and Standard Bank.

Flutterwave has surpassed the $2 billion valuations established by SoftBank-backed fintech OPay and FTX-backed cross-border payments platform Chipper Cash last year to become the most valuable African firm at $3 billion.

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3. Linda Ikeji

Linda Ikeji is the CEO of Linda Ikeji Media, a Nigerian blogger, entrepreneur, and investor. Her firm specializes in information marketing, advertising, streaming movies, and real estate.

She began her blog in 2006 and has since grown it into a multibillion-naira enterprise. Her net worth is reported to be in excess of $40 million.

When the 41-year-old began blogging, the internet was less relevant. Linda Ikeji began blogging after completing her first degree at the University of Lagos (UNILAG), a ‘hobby’ that she pursued with regularity and passion until it grew into a multi-million naira business.

4. Iyanulowa Aboyeji

The fourth person on our list of the top 10 young Nigerian billionaire entrepreneurs taking over Africa is Iyanuoluwa Aboyeji. He is a Nigerian entrepreneur and former CEO of Flutterwave, a payments infrastructure company that connects Africa to the global economy with digital payments infrastructure that helps banks and businesses build more seamless and secure payments.

Before founding Flutterwave in 2017, he co-founded two successful African firms. The payments company, which has raised $15.7 million in investment, is enabling Pan-African merchants to conduct business on a worldwide scale, having processed $1.2 billion in transactions thus far. Andela, Aboyeji’s previous firm, made headlines when it acquired $24 million in backing from Mark Zuckerberg.

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5. Dr Olamide Orekunrin

Orekunrin launched Flying Doctors, West Africa’s first and only full-service air ambulance company. Hundreds of patients have been evacuated thus far, with the business utilizing a fleet of planes and helicopters to quickly transport injured employees.

She is a British-Nigerian medical doctor and health entrepreneur who has invested so much in securing the health of individual emergency and accident patients.

Her company helped critically ill people from distant places to hospitals. Orekunrin and her colleagues are working to save lives by transporting patients with road traffic accidents, bomb explosion injuries, and gunshot wounds promptly and safely while delivering high-quality medical care en route.

6. Odunayo Eweniyi

The sixth person on our list of the top 10 young Nigerian billionaire entrepreneurs is Odunayo Eweniyi, a business executive and activist. Odunayo Eweniyi is the Chief Operations Officer and Co-Founder of PiggyVest, a popular online saving platform.

She was the best computational engineer of her generation in school. And after completing her studies, she connected with two university excompañeros and co-founded a platform for business discount cards with them.

The idea flopped, so they tried again with PushCV, a website that assists job hopefuls in writing their CVs, which also failed. Piggybank.ng, the startup that would bring them to success, was created in 2016.

7. Jason Njoku

Jason Njoku is the CEO and Co-Founder of iROKOtv, which has been dubbed the “Netflix of Africa” by some. He returned to his mother’s house in Deptford after trying out various businesses with little success.

He is the seventh person on our list of the top 10 young Nigerian billionaire entrepreneurs taking over Africa. Jason got the notion to launch a Nollywood online distribution firm there, so he travelled to Nigeria to investigate the market. If it hadn’t been for his best buddy Bastian Gotter, who invested financially in iROKOtv, his ideas would have remained just that.

They were able to secure an initial investment fund of $3 million from Tiger Global in 2010 thanks to a writer from TechCrunch and went on to secure an additional $22 million from international venture capital firms such as Investment AB Kinnevik and RISE Capital. With offices in Lagos, New York, and London, iROKOtv has grown to a capacity of 5000 movies.

8. Uche Pedro

Uche Pedro is a Nigerian entrepreneur, blogger, writer, and social media guru. She is the founder of BellaNaija.com, an online entertainment, fashion, and lifestyle magazine, and she has inspired a number of bloggers, including Linda Ikeji, Nigeria’s richest blogger.

In 2006, Uche Pedro began blogging as a hobby. She wanted to keep herself occupied while she was waiting to resume her post-graduation employment with Shell after she finished school. Consistency, organization, and professionalism are three qualities I admire in her blogging approach. This is something that many bloggers fail to accomplish.

9. Hanu Agbodje

Hanu Fejiro Agbodje is the CEO of Patricia Technologies, a popular e-commerce site that exchanges unused iTunes, Amazon, and Google Play gift cards. He established this e-Commerce platform, which is possibly the first of its kind in Sub-Saharan Africa, out of hard labour and commitment.

More so, Fejiro Agbodje claims he tried and failed at 13 enterprises before founding Patricia, all of which “finished in tears,” as he puts it.

The businesses ranged from a thriving fast-food joint with three on-campus locations that got him arrested and almost expelled from the University of Port Harcourt to a commercial bike business — in which his employee carted away with the bike — to a thriving fast-food joint with three on-campus locations that got him arrested and almost expelled from the University of Port Harcourt.

Patricia’s alternative payment solutions platform, which is only five years old, now employs over 300 individuals around the world. Agbodje, on the other hand, isn’t quick to disregard his humble beginnings as an entrepreneur.

10. Dare Adekoya

And the last person on our list of the top 10 young Nigerian billionaire entrepreneurs is Dare Adekoya. He is a young Nigerian tech expert, entrepreneur, programmer, and product developer who is the founder and CEO of Abeg, a financial technology app for online payment.

He sprang to prominence after Nigerians learned that he is the owner, co-founder, and CEO of Abeg App, one of the key sponsors of Big Brother Naija (BBNaija) Season 6 Shine Ya Eye, alongside Patricia CEO Hanu Fejiro Agbodje.

Summary

Here is a quick rundown of the top 10 young Nigerian entrepreneurs taking over Africa.

1. Babs Ogundeyi ($200 Million)
2. Olugbenga Agboola ($2 Million)
3. Linda Ikeji ($40 Million)
4. Iyanulowa Aboyeji ($10 Million)
5. Dr Olamide Orekunrin ($300 Million)
6. Odunayo Eweniyi (N/A)
7. Jason Njoku ($40 Million)
8. Uche Pedro ($4 Million)
9. Hanu Agbodje ($30 Million)
10. Dare Adekoya ($18 Million)