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Infinity Media
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Wealth Profile Of The Apostolic Church Nigeria
The Apostolic Church Nigeria (TACN) is one of the most historic and prominent Pentecostal denominations in Nigeria. Since its establishment in 1918, the church has grown not just in spiritual and numerical strength but also in material assets and financial capacity. This blog post provides an in-depth look into the wealth profile of The Apostolic Church Nigeria, examining its origins, assets, income streams, and overall impact on society.
Origins and Historical Growth
The Apostolic Church Nigeria was born out of a spiritual revival that began in Ijebu-Ode in 1918. This revival, initially spearheaded by a prayer group known as "Precious Stone" led by Joseph Shadare, separated from the Anglican Church in 1922. By 1931, the group had affiliated with the Apostolic Church in the United Kingdom, becoming an official branch.
TACN quickly expanded across Nigeria, and by 1938, the church had already established over 120 assemblies throughout the country. This rapid expansion laid the groundwork for what would become one of the most financially and structurally robust Pentecostal movements in West Africa. Today, TACN boasts a membership of approximately 4.5 million people, a reflection of its far-reaching influence and acceptance across Nigeria.
Major Assets and Infrastructure
One of the most defining characteristics of The Apostolic Church Nigeria is its physical and infrastructural wealth. The church owns a variety of properties, institutions, and facilities that play crucial roles in its ministry and outreach.
1. The National Temple
Located in Olorunda-Ketu, Lagos State, the National Temple is one of the crown jewels in the church's asset portfolio. This massive structure, which took over three decades to complete, was inaugurated on December 4, 2011. With a seating capacity of 100,000, it stands as one of the largest church auditoriums in the world.
The temple is not just a place of worship but also a symbol of the church's spiritual and financial might. Although the exact cost of construction has not been publicly disclosed, it is widely believed to run into several billions of Naira. The National Temple is also a major landmark and a hub for national and international religious events.
2. Glorious Vision University
Originally named Samuel Adegboyega University, Glorious Vision University was established in 2011 in Ogwa, Edo State. The university was named after the first LAWNA (Lagos and Western/Northern Areas) Territorial Chairman of the church, Pastor Samuel Adegboyega. In 2022, the institution underwent a rebranding and was renamed Glorious Vision University to align more closely with the church's mission and future aspirations.
This institution underscores TACN's commitment to education and intellectual development. The church has invested heavily in infrastructure, academic staffing, and curriculum development to ensure that the university competes favorably with other leading institutions in Nigeria.
Financial Standing and Revenue Streams
Estimating the exact net worth of The Apostolic Church Nigeria can be challenging due to the limited public disclosure of financial records. However, several independent sources and indicators provide insight into the church's financial capacity.
According to data from People AI, TACN had an estimated net worth of $8.33 million in 2024. This figure shows a notable increase from the estimated $5 million net worth recorded in 2020. Additionally, TACN is ranked as the 7th richest church in Nigeria by School Drillers, with its net worth falling within the $5 million to $10 million range.
The church's wealth is not just tied to monetary figures but also in land, buildings, and other tangible assets. For instance, in 2013, TACN received a compensation of ₦87.9 million from the Osun State Government for the demolition of one of its properties at Olaiya Junction, Osogbo, to make way for a new road. This payment reflects the value and scale of the church's physical holdings.
Organizational Structure and Governance
TACN operates under a centralized administrative structure governed by a National Council. At the helm of affairs is the National President, who oversees both spiritual and administrative duties. As of 2017, the position is held by Pastor (Dr.) Sampson Ekwutus Igwe.
To ensure effective administration and regional coordination, the church is divided into several territories:
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Lagos and Western/Northern Areas Territory (LAWNA)
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Igbo Field
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Cross River State Field
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Maritime Field
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Akwa Ibom Field
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Aba Field
This territorial segmentation allows for decentralized management while still maintaining centralized oversight, ensuring that resources and spiritual guidance are effectively distributed.
Social Ministry and Community Impact
The Apostolic Church Nigeria is not only focused on spiritual development but also plays an active role in social welfare and community support. The church runs a well-organized social ministry that caters to various vulnerable groups, including orphans, widows, widowers, and the incarcerated.
TACN believes in the principle of sacrificial empathy and selfless service. Its outreach programs are supported by both financial and human resources, mobilized from within its congregations. This commitment to social responsibility has endeared the church to many and has solidified its role as a beacon of hope in many communities.
Educational Initiatives
Education has always been a key focus area for The Apostolic Church Nigeria. Aside from Glorious Vision University, the church has established numerous primary and secondary schools across the country. During its centenary celebration in 2018, the church highlighted its contributions to Nigeria's educational sector, noting the thousands of students who have passed through its schools.
The church believes that education is a powerful tool for national development and spiritual growth. As such, it continues to invest in this sector, with plans for more schools and vocational centers in the pipeline.
Leadership and Vision
One of the hallmarks of TACN is its emphasis on visionary and academically sound leadership. The church regularly appoints individuals with strong administrative and academic backgrounds into key leadership positions.
For instance, in February 2025, Pastor (Prof.) B.B. Fakae was elected as the National Secretary of the church. Prof. Fakae is a former Rector of Ken Saro-Wiwa Polytechnic and a former Vice-Chancellor of Rivers State University. His appointment reflects the church's commitment to excellence and forward-thinking leadership.
Conclusion
The wealth profile of The Apostolic Church Nigeria is a reflection of its spiritual vitality, administrative efficiency, and deep-rooted commitment to societal development. With assets spanning mega church structures, a university, schools, and vast tracts of land, TACN stands as a financially stable and socially impactful institution.
Through its structured governance, educational investments, and social outreach programs, the church continues to play a significant role in shaping both the religious and socio-economic landscapes of Nigeria. The Apostolic Church Nigeria is not just a church; it is a legacy of faith, service, and enduring influence.
