Top 12 Richest Farmers In Nigeria [2024] -
richest farmers in Nigeria

Top 12 Richest Farmers In Nigeria [2024]

Farming has always been a significant part of Nigeria’s economy, and over the years, it has evolved into a lucrative business for many individuals.

In Nigeria, some of the richest farmers include Alhaji Aminu Dangote, Chief (Dr.) Oba Otudeko, Mrs. Folorunso Alakija, Dr. Sani Dangote, and Chief Cletus Ibeto. These wealthiest farmers in Nigeria are prominent agribusiness figures who have achieved remarkable success and wealth in the agricultural sector.

They have diversified their investments across various farming domains, such as rice, cocoa, palm oil, aquaculture, and technology-driven precision farming, making significant contributions to Nigeria’s economy while empowering rural communities and fostering agricultural entrepreneurship.

In this article, we will delve into details about the lives of the top 12 richest farmers in Nigeria in 2024, exploring their inspiring stories, innovative practices, and immense contributions to the agricultural sector. These farmers have not only achieved great financial success but have also become role models for aspiring farmers across the country.

Top 12 Nigerian Richest Farmers Right Now [2024]

1. Late Alhaji Aminu Dangote – The Agribusiness Tycoon

Alhaji Aminu Dangote the richest farmer in Nigeria
Alhaji Aminu Dangote the richest farmer in Nigeria

Alhaji Aminu Dangote, the younger brother of Africa’s richest man, Aliko Dangote, has successfully carved a niche for himself in the agricultural industry. With a diverse portfolio ranging from rice and wheat to livestock and fishery, Alhaji Aminu Dangote is a visionary who believes in the potential of agriculture to transform Nigeria’s economy.

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2. Chief (Dr.) Oba Otudeko – The Veteran Agropreneur

Oba Otudeko one of the wealthiest farmers in Nigeria
Oba Otudeko one of the wealthiest farmers in Nigeria

Chief Oba Otudeko is a renowned businessman with significant interests in agriculture. His expertise lies in palm oil production and cocoa cultivation. With decades of experience and dedication to sustainable practices, Chief Otudeko has become an icon in the Nigerian farming community.

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3. Mrs. Folorunso Alakija – Empowering Female Farmers

Mrs. Folorunso Alakija, one of the richest women in Africa, has played a pivotal role in empowering female farmers across Nigeria. Her vast agricultural investments, including large-scale arable farms and modern dairy facilities, have inspired countless women to take up farming as a profession.

4. Dr. Sani Dangote – The Flour Magnate

Dr. Sani Dangote, another member of the prominent Dangote family, has made a significant impact on Nigeria’s agricultural landscape. His company, Dangote Flour Mills, is a major player in the flour and pasta production sector, contributing to food security in the nation.

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5. Chief Cletus Ibeto – Diversifying Agricultural Ventures

Chief Cletus Ibeto is a successful entrepreneur who has diversified his business ventures, including a substantial presence in agriculture. His interests span from rubber and cocoa plantations to poultry farming and vegetable production, making him a multifaceted agropreneur.

6. Aisha Babangida – Driving Technological Advancements

Aisha Babangida, daughter of former Nigerian President Ibrahim Babangida, has established herself as a pioneer in incorporating technology into agriculture. Her investment in precision farming techniques and modern irrigation systems has boosted productivity and efficiency in the sector.

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7. Mr. Olusola Thomas – The Aquaculture Specialist

Mr. Olusola Thomas is a trailblazer in the aquaculture industry, having built an empire around fish farming and processing. His dedication to sustainable fishing practices has not only generated substantial wealth but also preserved aquatic ecosystems.

8. Dr. Mohammed Indimi – Promoting Agricultural Education

Dr. Mohammed Indimi, a prominent philanthropist, has made significant contributions to agricultural education and research. His foundation sponsors various programs aimed at training the next generation of agricultural professionals in Nigeria.

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9. Mrs. Daisy Danjuma – Empowering Rural Farmers

Mrs. Daisy Danjuma has invested in projects focused on empowering small-scale rural farmers. Her initiatives include providing access to microcredit, modern farming equipment, and essential training, helping farmers increase their productivity and income.

10. Chief Michael Ade-Ojo – The Auto-Farming Pioneer

Chief Michael Ade-Ojo, also known as Elizade, has combined his passion for automobiles and farming to create a unique agribusiness model. His farms utilize advanced mechanization and automation, setting new standards for efficiency and productivity.

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11. Mr. Tony Elumelu – Fostering Agricultural Entrepreneurship

Mr. Tony Elumelu, a prominent Nigerian businessman and philanthropist, has played a crucial role in fostering agricultural entrepreneurship. Through his foundation, he provides mentorship, funding, and market access to young and innovative farmers.

12. Mrs. Chioma Eze – The Greenhouse Innovator

Mrs. Chioma Eze has embraced modern agricultural practices and is known for her success in greenhouse farming. Her passion for organic produce and sustainable agriculture has earned her recognition as one of Nigeria’s top farmers.

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How did Alhaji Aminu Dangote establish himself in the agricultural sector?

Alhaji Aminu Dangote’s success in the agricultural sector can be attributed to his visionary approach, strategic investments, and commitment to diversification.

What are Chief Oba Otudeko’s contributions to sustainable agriculture?

Chief Oba Otudeko has been a driving force behind sustainable practices in palm oil production and cocoa cultivation, promoting environmentally responsible farming methods.

How has Mrs. Folorunso Alakija empowered female farmers?

Mrs. Folorunso Alakija has invested in various initiatives that provide support, training, and financial assistance to female farmers, enabling them to thrive in the sector.

What makes Dr. Sani Dangote’s Dangote Flour Mills significant in Nigeria’s food industry?

Dr. Sani Dangote’s Dangote Flour Mills is a major player in the flour and pasta production sector, contributing significantly to the nation’s food security.

How has Aisha Babangida integrated technology into agriculture?

Aisha Babangida’s focus on precision farming techniques and modern irrigation systems has improved agricultural productivity and resource management.

How Have They Contribute To The Agricultural Development Of Nigeria?

The wealthiest farmers in Nigeria which also happened to be on the list of richest in African farmers  have attained their status through a combination of strategic investments, innovation, and dedication to their agricultural ventures.

They have leveraged their business acumen to diversify their agricultural portfolios, tapping into various sectors like rice, cocoa, palm oil, aquaculture, and technology-driven precision farming. By creating sustainable farming practices, empowering rural communities, and fostering agricultural entrepreneurship, they have significantly contributed to Nigeria’s economy, boosting food production, creating job opportunities, and driving economic growth in their respective regions.

Also, their success has not only elevated their own financial standing but also positioned Nigeria as a key player in Africa’s agricultural landscape.


The journey of these top 12 richest farmers in Nigeria is a testament to the vast potential of agriculture as a means of economic empowerment. Their unwavering commitment to innovation, sustainability, and community development has not only led to their prosperity but has also positively impacted the lives of many. As Nigeria’s agricultural sector continues to evolve, these trailblazing farmers will serve as beacons of inspiration for generations to come.

Author: Adewebs

David is a seasoned farmer with over 8years experience on the field and teaching. He has about 20 acres of Palm farm, 10acres of livestock farm where he spent most of his time tending and caring for his farm. He offer profffesional services and consultancy services to clients who are interested in venturing into farming.

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