Top 10 Richest Men In Akwa Ibom State In 2025
Akwa Ibom State, located in the southern region of Nigeria, is renowned for its vast oil and gas reserves, which have made it a key player in the nation's economic landscape. Over the years, the state has produced many wealthy individuals who have built their fortunes through various industries, including oil and gas, real estate, banking, and politics.
As of 2025, several prominent businessmen and politicians from Akwa Ibom have accumulated immense wealth, solidifying their status as billionaires. In this article, we take an in-depth look at the top 10 richest men in Akwa Ibom State, highlighting their sources of wealth, investments, and contributions to the state’s economy.
1. Akanimo Asuquo Udofia – Net Worth: $500 Million
Akanimo Asuquo Udofia is the wealthiest man in Akwa Ibom State, with an estimated net worth of $500 million. He is the CEO and Managing Director of Desicon Engineering Limited, a leading engineering and construction company with high-profile contracts worth over $900 million. Udofia has made significant contributions to Nigeria’s oil and gas sector, earning him a reputation as one of the most successful businessmen from Akwa Ibom. Apart from his business interests, he is also involved in philanthropic activities, supporting education and healthcare projects in the state.
2. Godswill Obot Akpabio – Net Worth: $380 Million
Godswill Akpabio, a former governor of Akwa Ibom State, is one of the wealthiest politicians in Nigeria. With a net worth of $380 million, Akpabio has accumulated wealth from his political career, real estate investments, and interests in the oil and gas sector. As governor, he initiated numerous infrastructural projects that transformed Akwa Ibom into one of the most developed states in Nigeria. He has also held key positions in the Nigerian Senate and the Federal Executive Council, further increasing his wealth and influence.
3. Senator Ita Enang – Net Worth: $300 Million
Senator Ita Enang is a seasoned politician and businessman with an estimated net worth of $300 million. He has served in both the House of Representatives and the Nigerian Senate, representing Akwa Ibom at the national level. Beyond politics, Enang has built a vast business empire spanning real estate, agriculture, and manufacturing. His investments in these sectors have significantly contributed to job creation and economic development in Akwa Ibom State.
4. Senator Udo Udoma – Net Worth: $270 Million
Senator Udo Udoma, a respected lawyer, politician, and businessman, has a net worth of approximately $270 million. He served as the Minister of Budget and National Planning under the Buhari administration and has also held positions in the Nigerian Senate. Udoma has built his wealth through strategic investments in banking, oil and gas, and real estate. His contributions to public service and business have made him one of the most influential figures in Akwa Ibom State.
5. Udom Emmanuel – Net Worth: $250 Million
Udom Emmanuel, the current governor of Akwa Ibom State, has an estimated net worth of $250 million. Before venturing into politics, Emmanuel had an illustrious career in banking, holding top positions at Zenith Bank and Diamond Bank. As governor, he has focused on economic diversification, attracting investments in industrialization, agriculture, and technology. His vast experience in finance and governance has played a key role in boosting the state’s economy and increasing his wealth.
6. Obong Victor Bassey Attah – Net Worth: $230 Million
Obong Victor Attah, a former governor of Akwa Ibom State, is one of the richest men in the state, with an estimated net worth of $230 million. During his tenure, he spearheaded numerous infrastructural projects, laying the foundation for the state's modernization. He has made substantial investments in real estate, oil and gas, and power generation, further solidifying his financial status. Attah remains a respected elder statesman and a key player in the economic growth of Akwa Ibom.
7. Senator Aloysius Etok – Net Worth: $200 Million
Senator Aloysius Etok, with a net worth of around $200 million, has been a prominent political figure in Akwa Ibom. He represented Akwa Ibom North-West Senatorial District in the Nigerian Senate, where he played a significant role in legislative affairs. Apart from politics, Etok has invested in various businesses, including agriculture, real estate, and transportation. His diverse business interests have contributed to his immense wealth and influence in the state.
8. Nsima Udo Ekere – Net Worth: $180 Million
Nsima Udo Ekere, a former Managing Director of the Niger Delta Development Commission (NDDC), has accumulated significant wealth through his political and business engagements. His estimated net worth of $180 million stems from his real estate ventures, oil and gas investments, and government contracts. Ekere also ran for the gubernatorial seat in Akwa Ibom State, further cementing his political relevance and financial standing.
9. Unyime Josiah Idem – Net Worth: $160 Million
Unyime Josiah Idem is a successful entrepreneur and politician representing the Ukanafun/Oruk Anam federal constituency in the Nigerian House of Representatives. He has built an impressive business empire that spans telecommunications, agriculture, real estate, construction, oil and gas, and banking. He is also the founder of Stanford Microfinance Bank, which has empowered many small businesses in the state. His estimated net worth of $160 million places him among the richest men in Akwa Ibom.
10. Albert Bassey – Net Worth: $150 Million
Albert Bassey, a prominent banker turned politician, rounds up the list of the richest men in Akwa Ibom with a net worth of $150 million. He has held executive positions in financial institutions such as FCMB, UBA, and Continental Trust Bank. Currently serving as a senator representing Akwa Ibom North-East Senatorial District, Bassey has leveraged his financial expertise to amass wealth in banking, real estate, and investment ventures.
Conclusion
Akwa Ibom State is home to some of Nigeria’s wealthiest individuals, whose fortunes have been built through a combination of politics, business, and strategic investments. These top ten billionaires have played significant roles in the economic growth of the state, creating jobs, improving infrastructure, and driving industrialization. Their contributions extend beyond personal wealth, as they continue to shape the future of Akwa Ibom through various initiatives aimed at development and progress.
As the state continues to evolve, these individuals remain influential in shaping its economic and political landscape. Their success stories serve as an inspiration to aspiring entrepreneurs and business leaders looking to make a mark in Nigeria’s competitive business environment.
