Nigeria President Salary per Month & Net Worth in Naira

  • Monthly Salary: ₦4157848
  • Salary per Week: ₦1039462
  • Annual Salary: ₦49894176
  • Other Income Sources: Presidency, real estate assets, owner of international firms.

The president at this time in Nigeria is the 16th President of Nigeria. He is directly elected in National elections for four years. Bola Ahmed Tinubu was elected on 29 May 2023, and since then, he has been the President of Nigeria and serving the country.

He is The president at this time in Nigeria is the 16th President of Nigeria. He is directly elected in National elections for four years. Bola Ahmed Tinubu was elected on 29 May 2023, and since then, he has been the President of Nigeria and serving the country.

He is a member of the Federal Executive Council, National Security Council, and National Defence Council. The salary of the Nigerian president at this time is less than ₦ 1.5 million.

Although his salary is less, with a net worth of ₦114,900,000,000.00, Bola Tinubu is among the wealthiest politicians in the world. Let’s look at the information related to the current Nigerian president, his salary income sources, and what are the significant financial assets that he owns.

Overview of the Current Nigerian President and his Salary

Nigeria President Salary
Name:Bola Ahmed Tinubu
Gender:Male
Date of Birth:29/03/1952
Profession:President of Nigeria

Bola Ahmad Tinubu is among the wealthiest presidents and politicians in the world. He has a net worth of ₦114,900,000,000 and owns several bank accounts in multiple banks in Nigeria. With an annual income of around ₦16,086,000,000.00, Bola earns ₦ 4157848 per month.

His salary is less than ₦ 1.5 million, but still, he is among the wealthiest politicians because of several other income sources. He has an admirable collection of real estate, including luxury mansions and spacious estate in Abuja. He’s one of the smart presidents who, with his in-depth knowledge of the property market, has managed to purchase several expensive and luxury real estate assets.

Who Pays Nigeria President’s Salary?

The government of Nigeria pays for the salary of the Nigerian president. Bola Ahmed Tinubu is the president of Nigeria right now. Well, not only the president but is among the wealthiest politicians in the world.

He has been in politics for years, previously working as a governor and now serving as a President. Although his salary is less than ₦ 1.5 million but because of his own businesses, investments, and rental income, he is among the wealthiest persons in the world, according to Forbes.

Current Nigerian President Bola Tinubu’s Net Worth

At this time, Nigerian President Bola Ahmed Tinubu’s net worth is around ₦114,900,000,000.00. He is among the wealthiest and most renowned presidents and owns several houses, cars, and a private jet, too

Well, most people ask that although the salary of the Nigerian president at this time is less, how does he manage his luxurious Lifestyle? So here is the detail of his income sources so you can have an idea about how Bola Ahmed Tinubu is among the wealthiest politicians in the world.

Income Sources

Following are the income sources of Bola Ahmed Tinubu that are responsible for making him one of the wealthiest politicians in the world. He not only earns from his salary but also earns from his property and businesses he owns. Let’s look at the details of his income sources.

Salary As A President

Bola Ahmed Tinubu gets a salary for his job as a president in Nigeria. He is a ruling president in the country and receives a handsome amount as a salary for that. He gets ₦49899538.00 annually, which becomes ₦4157848.00 per month.

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Rental Income

Bola Ahmed Tinubu is an owner of several real estate properties. The combined value of all of these real estate properties becomes equal to ₦15,320,000,000.00.

He has given all of these properties on rent and gets an annual rent of approximately ₦2,298,000,000.00 per year. He receives this income only from these assets, so you can imagine how much more he is earning from other income sources, too.

Notable Position In major Nigerian Corporations

He has also made investments in several other notable corporations in Nigeria. The corporations in which he has made investments include Glo, Oando, Dangote Group, and Zenith Bank. He also gets a handsome amount of income from these investments too.

Bola Ahmed Tinubu’s Assets

Here is the list of Bola Ahmed Tinubu’s assets so you can have an idea about how the president spends his wealth. We have a list of properties, including his mansions, his cars, and a private jet that he owns.

Property

There are multiple mansions, public areas, and shopping centers that are owned by Bola Ahmed Tinubu. He has his mansion in Abuja, Lagos State, and also in the UK and USA.

The details of the property might surprise you because his property assets are more than the cars he owns, unlike other rich people in the world. Let’s look at the in-depth information on the property assets of Bola Ahmed Tinubu, the ruling Nigerian president.

26 Bourdillon Road, Ikoyi bold

One of the most notable, luxurious, and expensive houses of Bola Ahmed is his Ikoyi mansion, with a net worth of ₦ 650 Million. This is the best property in which he currently lives.

Asokora, Abuja

Asokora came under the ownership of Tinubu in the year 2006 when the state government bought it for ₦ 50 million. The government bought it and then transferred the state guest house to Tinubu because before leaving the office, he signed the pension plan.

Oyinkan Abayomi Drive, Ikoyi

Oyinkan Abayomi Drive is a detached house with five bedrooms. The home is worth a total of ₦ 450 Million. This house was assigned to him in 2007 by Fashola.

Ajah Junction, Lekki Road

This property has a value of ₦ 35 billion. It is one of the expensive properties owned by Bola Ahmed Tinubu. It is a 250-hectare land that was handed over to Wale Tinubu and Deji for the construction of Royal Garden Housing. Keep in mind this property was previously assigned for General Hospital construction.

Atlantic Beachfront

Atlantic Beachfront is a 157-hectare property with an additional 2.5 km area of Atlantic Beachfront. The property has a total value of ₦ 10 billion. Fashola and Tinubu are planning to build Vilas and a luxury golf course here.

Ikoyi Estate Foreshore

Tinubu also owns this 14-hectare Park View Foreshore land. The land was previously owned by Lagos state.

The Choice Property At Lekki-Epe Road

This is another property owned by Bola Ahmed. He has constructed an Oriental Hotel with a net worth of around ₦ 25 billion in total.

Eleko Junction, Off The Lekki-Epe Express Road

This is the New Era Foundation Youth Camp that the wife of Tinubu built. She then converted this into household use and made this property a residential property.

The Critical Care Unit At Lagos State University Teaching Hospital, Ikeja

This Institute is also now owned by Tinubu. But keep in mind this department’s construction was done with the use of 100% state funds.

Cars

Not only the properties but Bola Ahmed Tinubu also owns several luxury cars around the world. He is a man of caliber and influence. There are a number of vehicles that are under his ownership.

He can afford and buy any car he wants. Wait, can you guess how many vehicles Bola Ahmed Tinubu owns? You might be thinking 4, 5, 6, or a maximum of 10. Right?

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Let me tell you because I know you cannot guess the exact figure! Bola Ahmed Tinubu is the owner of around 30 cars, even more than that. All of these cars are the best luxurious cars in the world. Two of his most expensive and luxurious vehicles include Jeep Prado and Land Rover Range Rover.

The list does not end here. There are more than 30 cars under Tinubu’s ownership that he owns. The cars belong to renowned brands around the world, including Chevy, BMW, Ford, Lexus, Mercedes Benz, and Porsche.

  • Mercedes G-wagon cost ₦600 million
  • Toyota Prado SUV cost ₦50 million
  • Lexus cost ₦13 – ₦25 million
  • BMW cost ₦10 – ₦11 million
  • Ford cost ₦10 – ₦14 million
  • Porsche cost ₦50 – ₦60 Million

Private Jet

Bola Ahmed Tinubu also owns a private jet with a net worth of more than ₦ 21.7 billion. He uses his private jet for flying on both long journeys across the country and for international traveling. Well, you do not need to be surprised because since he is one of the wealthiest politicians in the world, he can do what he wants.

How many years old is Ahmed Tinubu?

Bola Tinubu is 71 years old; he was born on 29 March 1952. He was elected as the 16th President of Nigeria recently and is also known as one of the wealthiest politicians in the world. Tinubu owns several land pieces and is the owner of more than 30 cars and a private jet.

What is the net worth of Bola Ahmed Tinubu, Nigerian president?

According to Forbes, the net worth of Bola Ahmed Tinubu is around ₦114,900,000,000.00. He studied accounting at Chicago University and is said to be one of the wealthiest politicians in the world. His annual income is around ₦16,086,000,000.00, and he has made several investments in the country’s major corporations and is a successful businessman, too.

Is there any controversy against Bola Ahmed?

Yes, just like other political and famous figures, Bola Ahmed Tinubu also has to face several challenges and controversies. He has faced problems related to his assets and property and has also faced allegations against him for his financial impropriety during his governing tenure in Nigeria.

What are the sources of income of Bola Ahmed Tonubu?

There are several sources of income for the President of Nigeria, Bola Ahmad Tinubu. These income sources are responsible for making him one of the richest politicians in the world. He earns from the property he has given on rent, from the investments that he has made in several Nigerian corporations, and also gets the salary of being a president in the country.

This guide tells you about the Nigeria President’s salary, what is his net worth, and the details about his assets and income sources. Bola Ahmed Tinubu is a 71-year-old Nigerian citizen who has been in politics for years. He was the governor of Nigeria previously and has now been elected as the president of the country.

He has a net worth of around ₦114,900,000,000.00 and earns around ₦16,086,000,000.00 annually. Just like other politicians, he is one of the rich politicians who lives a luxurious life. He is the owner of more than 30 cars, several land places including elegant mansions, public places, and a private jet that he uses to travel within and outside the country.

Article Modified on October 28, 2023. The data in this article is written and collected by multiple authors. Learn how we research on About Us.