Nigerian economy is going through the hard times right now. There are fluctuations in naira rates, besides, the prices of oil have dropped dramatically (by 20%). Nevertheless, there are still plenty of rich people on this land. Who are they? Where do they live? And how many of them are there in Nigeria? Let’s find it out.
Nowadays, despite the various economic problems, there are at least official 770 naira-billionaires in Nigeria. Their total net worth comprises of almost N2 billion, which is equivalent to $10 million per each person. Nevertheless, because of instability in the country, their number has dropped off compared to 2015. However, according to the Knight Frank wealth report (the data was received from one of the Nigerian billionaires), their quantity is expected to increase to 1080 by the year 2025. Statistical data show the same tendency. If we compare 2015 figures with the previous years, we will notice it:
Year | Number of Nigerian dollar millionaires |
2005 | 5500 |
2014 | 16400 |
2015 | 15400 |
