10 Nigeria’s Richest Tech Entrepreneurs – Only 1 Woman Made the List

Nigeria’s tech industry has witnessed explosive growth over the past two decades, transforming industries and creating a new generation of wealth. With innovations in fintech, e-commerce, AI, and digital banking, Nigerian entrepreneurs have built companies that are now valued in millions and even billions of dollars.

Yet, despite the success, there’s a glaring gender gap. Among Nigeria’s wealthiest tech entrepreneurs, only one woman has made the list. Who are these trailblazers shaping Nigeria’s digital economy? Here are the top richest tech entrepreneurs in Nigeria.

Olugbenga Agboola (Co-founder & CEO, Flutterwave)

With a net worth: of $200 million in the Fintech Industry, Olugbenga Agboola, widely known as GB, has played a pivotal role in making Flutterwave Africa’s most valuable fintech startup. The company simplifies online payments, serving businesses across continents. Under his leadership, Flutterwave has secured over $400 million in funding and achieved unicorn status, crossing the $1 billion valuation mark.

Mitchell Elegbe (Founder & CEO, Interswitch)

Having revolutionized Nigeria’s financial sector Mitchell Elegbe found Interswitch, a company that pioneered electronic payments in the country. Before Interswitch, cash-based transactions dominated Nigeria’s economy. His work paved the way for modern payment solutions like ATMs, online banking, and mobile transactions. He is worth $150 million.

Iyinoluwa Aboyeji (Co-founder, Flutterwave & Andela)

Iyinoluwa Aboyeji is a serial entrepreneur with a knack for building billion-dollar companies. He co-founded Andela, a platform that trains African software developers and connects them to global opportunities. Later, he co-founded Flutterwave, solidifying his position as one of Nigeria’s most successful tech entrepreneurs. He is worth $100 million

Shola Akinlade (Co-founder, Paystack)

Shola Akinlade made headlines when Stripe acquired Paystack for $200 million in 2020, marking one of Africa’s biggest tech deals. Paystack simplified digital payments for African businesses, empowering merchants with seamless transactions. He is worth $100 million

Tayo Oviosu (Founder & CEO, Paga)

Tayo Oviosu founded Paga in 2009 to provide financial access to Nigerians without traditional banking services. The platform has since grown to millions of users, processing billions of dollars in transactions. Paga’s success proves how fintech can drive financial inclusion in Africa. He is worth $50 million

Odunayo Eweniyi (Co-founder, PiggyVest)

Odunayo Eweniyi is the only woman among Nigeria’s richest tech entrepreneurs. She co-founded PiggyVest, a digital savings and investment platform helping Nigerians build financial discipline. Her impact extends beyond fintech—she actively advocates for women’s inclusion in tech and entrepreneurship.

With a net worth of  $2.1 million, Despite her success, her position as the sole woman on this list highlights the gender disparity in Nigeria’s tech ecosystem. While more women are entering the field, few have reached the financial heights of their male counterparts.

Ezra Olubi (Co-founder, Paystack)

Ezra Olubi is the tech genius behind Paystack’s engineering. He co-founded the company with Shola Akinlade, and together, they built Nigeria’s leading payment gateway. His work has shaped digital payments in Africa, making transactions faster and more efficient. He is worth $35 million

Sim Shagaya (Founder, Konga & uLesson)

Sim Shagaya is a serial entrepreneur known for launching Konga, one of Nigeria’s largest e-commerce platforms. He later ventured into EdTech with uLesson, an online learning platform making education more accessible to African students. He is worth $30 million

Bosun Tijani (Co-founder, CcHub)

Bosun Tijani is the brain behind Co-Creation Hub (CcHub), Nigeria’s first tech incubation space. The hub has nurtured countless startups, providing funding, mentorship, and a collaborative environment for innovation. He is worth $20 million

Silas Adekunle (Founder, Reach Robotics)

Silas Adekunle made history by creating MekaMon, the world’s first intelligent gaming robot. His innovation attracted major investors, putting Nigeria on the global map for robotics and AI. He is worth $10 million

Why are there so few women in Nigeria’s Tech Wealth Circle?

The fact that only one woman made this list is not due to a lack of talent but rather systemic barriers:

• Limited Access to Funding: Women-led startups receive significantly less investment compared to male-led companies.
• Gender Bias in Tech Spaces: Women in tech often face stereotypes that undermine their leadership.
• Fewer Role Models: The lack of visible female tech moguls discourages young women from pursuing tech entrepreneurship.

While progress is being made, more efforts are needed to support women in tech through funding, mentorship, and policies that level the playing field.

Nigeria’s tech sector will continue to produce more millionaires and billionaires, as innovation and digital transformation reshape the economy. With government support, increased investment, and rising talent, the future looks bright.

But will more women break into this elite circle in the coming years? Only time will tell.