₦airaland Forum

900 Nigerians Join the Dollar-Millionaire Club Within a Year as Population Rises to 8,100 After Years of Decline.

Nigeria’s population of dollar millionaires has risen for the first time since 2021, increasing 12.5 percent to 8,100 in June 2026 from 7,200 a year earlier, according to data from global wealth intelligence firm New World Wealth sent to BusinessDay.

The rebound follows years of wealth losses linked partly to sharp naira devaluations. Nigeria lost about 1,600 millionaires in 2024 and another 200 in 2023.
“The number of millionaires in the country is up from last year, which is positive. The rise over the past year is mainly due to the strength of the naira against the US dollar and solid new business growth,” Andrew Amoils, head of research at New World Wealth, said.

However, he noted that “the currency has still performed very poorly over the full decade.”

Despite the latest recovery, Nigeria’s millionaire population has fallen 46 percent from 15,000 in 2013. It has also declined 33 percent over the past decade, the steepest fall among Africa’s five biggest wealth markets.

The recovery has coincided with gains in Nigeria’s capital market. NGX Group CEO Temi Popoola recently said reforms under President Bola Tinubu had created an estimated 500,000 to 900,000 naira millionaires through capital-market gains.

“Mr President, tied to all these is a lot of wealth that has been created for many people. We don’t have exact figures, but we estimate that about 500,000 to 900,000 millionaires have been created as a result of reforms,” he said.

Popoola’s figure differs from New World Wealth’s measure, which counts people with at least $1 million in liquid wealth.

Nigeria currently has 22 centi-millionaires, up from 20 a year earlier, while its number of billionaires remains at three.

The rebound has been supported by a more stable naira, stronger economic growth, rising asset values, corporate earnings and new business activity.

The latest increase signals a recovery, although Nigeria’s millionaire population remains below its 2013 peak.

Hardship hardship. Okay now

As long as you are productive, you are good to go with this government policies

Only Tinubu’s cronies became richer, certainly not people that are not as corrupt as he’s.

For crying out loud, even primary school pupil knows that you don’t use this nonsense to measure the economic outlook of a country..

Many Nigerians have become poorer under Tinubu’s shameless government and many will still go down weather we like it or not unless if he’s kicked out .. 100 thousand naira salary is nothing to write home about now .. You can’t survive with it anymore unlike few years ago..


Nigerians wil celebrate Tinubu if he could return this country the way he met it..

Ezeama400:
People just regained what they lost under your watch and you expect people to to clap for you ?

Many Nigerians have become poorer under Tinubu’s shameless government and many will still go down weather we like it or not unless if he’s kicked out .. 100 thousand naira salary is nothing to write home about now .. You can’t survive with it anymore unlike few years ago..


Nigerians wil celebrate Tinubu if he could return this country the way he met it..

Regained what? How? People are not regaining anything ooooo.

Imalwayshorny:
can Peter obi your messiah save Nigeria 🇳🇬

Ask yourself that question daily

I’m not supporting apc or tinubu

But truth to be told only God can save Nigeria at the moment

Yes, Peter Obi will have much positive impact on Nigeria than Tinubu will ever have.

The fact that he has integrity alone as the president will have serious positive impact on a lot of sectors and people.

Knowing that your number 1 citizen is not a thief, criminal, fraudsters, and evil man has enormous impact on the people.

Imalwayshorny:
can Peter obi your messiah save Nigeria 🇳🇬

Ask yourself that question daily

I’m not supporting apc or tinubu

But truth to be told only God can save Nigeria at the moment

Uncle come out with your full chest and support your failure in peace.. Stop hiding under. “I am not supporting Tinubu” dubious narrative to push your dangerous agenda..

God will come down from heaven to save you when you know the right thing to do.. Stop blaspheming bro.

Imalwayshorny:
but there’s proof and evidence that Peter obi did no thing as governor at anambra

I don’t know why Nigerian are addicted to suffering

Please, what's the proof? Show us here. Show us the proof that Peter Obi did nothing as the governor of Anambra State or forever remain silent.

Even Tinubu and the APC will never say this BS about Peter Obi.

Go and check the only one thing Tinubu accused Peter Obi of during the 2023 campaigns.

Imalwayshorny:
but there’s proof and evidence that Peter obi did no thing as governor at anambra

I don’t know why Nigerian are addicted to suffering

So Nigerians are enjoying in the present? Since the advent of the APC in 2015, what has the average Nigerian enjoyed? Is their situation better now than in 2014?

Meanwhile, I am still waiting for the proof that Peter Obi did nothing as the governor of Anambra State.

Imalwayshorny:
but there’s proof and evidence that Peter obi did no thing as governor at anambra

I don’t know why Nigerian are addicted to suffering

Even Tinubu and the entire APC will never say that Peter Obi did nothing in Anambra State.

Ezeama400:
People just regained what they lost under your watch and you expect people to to clap for you ?

Many Nigerians have become poorer under Tinubu’s shameless government and many will still go down weather we like it or not unless if he’s kicked out .. 100 thousand naira salary is nothing to write home about now .. You can’t survive with it anymore unlike few years ago..


Nigerians wil celebrate Tinubu if he could return this country the way he met it..

How many millionaires has obi created and how many jobs while he was gov.......it was right there in the article that the currency devaluation was the reason for the initial drop which to everyone with a common sense knows would happen,now same report is telling you there is a rebound after the reforms which still to everyone with a sense will see the reforms are beginning to work......but airheaded anti tinubu haters will ignore the progress being made and be wishing doom on yourselves and your generations unborn.

Elusive001:
So Nigerians are enjoying in the present? Since the advent of the APC in 2015, what has the average Nigerian enjoyed? Is their situation better now than in 2014?

Meanwhile, I am still waiting for the proof that Peter Obi did nothing as the governor of Anambra State.

Go and ask Owobokiri. I will share the link that summarized Obi failed tenure. The comments were direct from those who experience first hand failure of Obi governance

Elusive001:
Please, what's the proof? Show us here. Show us the proof that Peter Obi did nothing as the governor of Anambra State or forever remain silent.

Even Tinubu and the APC will never say this BS about Peter Obi.

Go and check the only one thing Tinubu accused Peter Obi of during the 2023 campaigns.

How much wealth did obi create as gov.

How many jobs did obi create as gov and how many govt institutions did he build.

What investment does obi have in Nigeria that produces anything rather than importation and he is claiming he can move us from consumption to production.

How well did obi grow igr in anambra and what investments did he make to make anambra self sustaining without federal allocation.

What are obi's legacies still standing in anambra today?

Elusive001:
So Nigerians are enjoying in the present? Since the advent of the APC in 2015, what has the average Nigerian enjoyed? Is their situation better now than in 2014?

Meanwhile, I am still waiting for the proof that Peter Obi did nothing as the governor of Anambra State.

Here is the link to Obi dossier.

https://www.nairaland.com/870945/what-exactly-peter-obi-doing/58#140324154

The stability of the Naira is the reason for the increase.

This is a very big lie oh

Obidients will be very sad with this development

Correct story. The 900 people are governors, ministers, perm sec, md/people of parastals, deputy gov, top gov officials and their friends and family

Ezeama400:
Only Tinubu’s cronies became richer, certainly not people that are not as corrupt as he’s.

For crying out loud, even primary school pupil knows that you don’t use this nonsense to measure the economic outlook of a country..

Many Nigerians have become poorer under Tinubu’s shameless government and many will still go down weather we like it or not unless if he’s kicked out .. 100 thousand naira salary is nothing to write home about now .. You can’t survive with it anymore unlike few years ago..


Nigerians wil celebrate Tinubu if he could return this country the way he met it..

All the data boys on NL are in this table
I will give 1 million bonus if any can show workings that I am lying that they are above the poverty bench mark..lol

Lithiumite:
How much wealth did obi create as gov.

How many jobs did obi create as gov and how many govt institutions did he build.

What investment does obi have in Nigeria that produces anything rather than importation and he is claiming he can move us from consumption to production.

How well did obi grow igr in anambra and what investments did he make to make anambra self sustaining without federal allocation.

What are obi's legacies still standing in anambra today?

Under his watch Anambra produced more billionaires than u state. If na lie mention ur state let compare facts.Infact every town in anambra produced billionaire know today

RealityKings1:
This is a very big lie oh

Millionaires upon millionaires, yet ordinary salt, matchsticks, pencils, toothpicks, erasers, etc., are not manufactured in Nigeria. 🤔🤔

Kobojunkie:
Millionaires upon millionaires, yet ordinary salt, matchsticks, pencils, toothpicks, erasers, etc., are not manufactured in Nigeria. 🤔🤔

Mind you, it's even millionaire in dollars oh

RealityKings1:
➜Mind you, it's even millionaire in dollars oh

"Ole ni gbogbo won!" 😒😒

Elusive001:
Yes, Peter Obi will have much positive impact on Nigeria than Tinubu will ever have.
The fact that he has integrity alone as the president will have serious positive impact on a lot of sectors and people.

Knowing that your number 1 citizen is not a thief, criminal, fraudsters, and evil man has enormous impact on the people.

He was a disaster as governor of Anambra.
Stealing their money into his personal business which is Fidelity Bank and also hiding their money in Pandora and have you asked him where he kept the security votes he was given for 8 years?
So much for the phantom integrity.
Buhari that had the so called integrity,we all know how we enjoyed his integrity.

Streetinvestor2:
Under his watch Anambra produced more billionaires than u state. If na lie mention ur state let compare facts.Infact every town in anambra produced billionaire know today

Ogun state has more dollar and naira billionaires than your entire South East
Are you ready to compare with their businesses and links?
I am ready...

Nigeria’s a thriving economy, right? Let's just say the population of millionaires has climbed to a good level.

It is what it is

Ritchiee:
He was a disaster as governor of Anambra.
Stealing their money into his personal business which is Fidelity Bank and also hiding their money in Pandora and have you asked him where he kept the security votes he was given for 8 years?
So much for the phantom integrity.
Buhari that had the so called integrity,we all know how we enjoyed his integrity.

So he did all these yet Tinubu and the APC could not accuse him of any of these? Do you know that even the APC defended Peter Obi? They said that he was not corrupt.

El-Rufai one of the people who brought tinubu to power has been arrested for among other things, corruption (embezzlement of state funds) and money laundering.

Till date Tinubu and his APC has not accused Peter Obi of same. Even buhari could not. PO gave you guys the challenge of even bringing any evidence of him stealing public funds. Till now, no one has ever done so. Obiano supported Buhari. Soludo supports Tinubu. Yet they have no corruption, embezzlement, or money laundering charge against him. All security and financial crime agencies are under Tinubu, yet, they cannot find anything.

Bros, the only thing Tinubu was able to accuse Peter Obi of was saving funds. Do you know better than tinubu? Is it not common sense that if the lies you wrote are even 1% true, Tinubu and the APC would have used the against Peter Obi since?

Peter Obi is everything una wish una god is.

Abeg, go and rest.

If to say na una god get clean record like Peter Obi, the whole world for hear una screams and shouts of joy.

Meanwhile, why did Tinubu sign the electoral law that says certificate forgery and age falsification are no more crimes that can disqualify a candidate in an election in your country?

Ritchiee:
Ogun state has more dollar and naira billionaires than your entire South East
Are you ready to compare with their businesses and links?
I am ready...

Mention the known ones to Nigeria and lets judge. We are not interested in you village people names not know to public or social media Only nnewi has more billionaires than your Ogun State. And make sure they are from ogun State
Don't go and be mentoring Dangote Rabiu etc from other states because thr businesses are located in that state.It must be people from that state as indigenes

Ritchiee:
He was a disaster as governor of Anambra.
Stealing their money into his personal business which is Fidelity Bank and also hiding their money in Pandora and have you asked him where he kept the security votes he was given for 8 years?
So much for the phantom integrity.
Buhari that had the so called integrity,we all know how we enjoyed his integrity.

Show whr obi collect single security vote as governor and win money. This are things that make him special