Is nnewi the richest town in nigeria Cosmas Maduka hails from Nnewi, the town with the highest number of billionaire richest men in Nigeria. It is also the state with highest number of richest men in Nigeria. Jan 2, 2019 · A first timer to Nnewi will indeed be intimidated by the massive residential mansions that line the wee little village. Nnewi is the richest town in Anambra State when the towns in the state is judged by development and wealth distribution of residents and indigenes. Oct 26, 2023 · Richest man in Nnewi – Top 10 (updated) The vast majority of the richest individuals in Nigeria, particularly among the Igbo people group, come from Anambra State, situated in the southeastern piece of the country. Nnewi . I n March 1988, he shifted from direct importation to manufacturing by establishing his factory in Nnewi. Within this vast nation, several cities have emerged as centres of economic prowess, generating substantial wealth and contributing to the overall development of the country. Sep 21, 2023 · Top 10 Nnewi Billionaires The vast majority of the richest individuals in Nigeria, particularly among the Igbo people group, come from Anambra State, situated in the southeastern piece of the country. Anambra State is the economic hub of the South Eastern States. 5 million residents. Nnewi. Sir Joseph Ezeokafor, MD Jezco group is the most prominent son of the town. Which town is the richest in Igboland? The richest town in Igboland is undoubtebly Nnewi, also known as … Which is the richest state in Igbo land? Read More ». Apr 6, 2025 · This post is the most credible ranking of Anambra state richest men and people. The other rich but smaller town is Abiriba then Nkwerre. It hosts the biggest bike and motorcycle market in West Africa. Nnewi is a town located in Anambra State, southeastern Nigeria. Who is the richest man in Anambra has remained contentious for sometime,owing to number of billionaires from Anambra state. Shortly before Nigeria’s independence in 1960, Louis Odumegwu Ojukwu, reportedly Nigeria’s first black billionaire, and founding president of the Nigerian Stock Exchange, was knighted by Queen Elizabeth II The royal honor came after he Mar 20, 2024 · Cletus Ibeto is considered the richest man in Nnewi, Anambra state. Anambra has lowest poverty rate in Nigeria. Cletus Ibeto (Otherwise known as Ibeto Concrete): Cletus Ibeto is […] Richest Towns in Anambra State . The Igbos, who sometimes refer to themselves as the ‘Jews of Africa’, have entrepreneurship in their blood. The town has about 2. Apr 3, 2025 · Nigeria, located in West Africa, is a country known for its rich natural resources, diverse culture, and growing economy. Nnewi: A Small Town of many Igbo Billionaires. Cletus Ibeto (Otherwise known as Ibeto Concrete): Apr 12, 2025 · It is one of the most commercialized towns in Anambra State. He is a Nigerian businessman who started his career as a spare parts import dealer in his hometown. Among these, a critical number are from Nnewi, a town inside Anambra State. Nnewi South LGA consists of the towns and villages of Ezinifite , Utuh, Ebenator, Osumenyi, Amichi, Unubi, Ekwulumili, and Azigbo. Notable people from Anambra State include Nnamdi Azikiwe, First President of Nigeria; Chuba Okadigbo, Former Senate President of Nigeria, Dora Akunyili, Former Director-General of NAFDAC and Former Minister of Information and Communication; Chukwuma Soludo, Former Governor The town of Ukpor serves as the administrative center for Nnewi South Local Government Area, which is located in Anambra State in Nigeria's South-East Geopolitical Zone. 18%. Aug 11, 2017 · The small Nigerian town of Nnewi has more naira billionaires per capita than anywhere else in the country. By this I mean the town with the highest number of the wealthy both home and abroad. Currently it encompasses Nnewi North and Nnewi South local government areas. The city spans over 200 square miles with one Jun 28, 2024 · The richest state in Igbo Land presently is Anambra State with the total revenue of about N30. Nnewi town is regarded as Japan of Africa. Apr 7, 2025 · Mr. Nnewi is also one of the largest towns in Anambra State. 1. He is the owner of the popular Coscharis Group, the leading car company in the country and official Ford marketer and distributor. I will like to have a picture of those quality mansions scattered across these towns. Nov 23, 2023 · Nnewi, a town in Anambra State in Nigeria’s southeastern region, has produced more naira billionaires than any other town in the country, and maybe Africa. It is a well-known commercial hub with an estimated population of over 900,000 people in 2019 and also placed as one of the fastest-growing cities in Africa, with a growth index of 5. The people of this Igbo town are naturally entrepreneurial. His estimated net worth is put at $800 million. Mar 29, 2025 · The State got its name from the River Anambra, one of the longest rivers in Nigeria and it is also an oil producing state. His company is famous for making top local vehicles. dealing with cars and car parts. Jan 15, 2025 · Unsurprisingly, he is also from Anambra state and was born in Nnewi, the richest town in Nigeria with billionaire business men. Nnewi is reputed to have the highest number of naira billionaires in Nigeria as a town. See full list on legit. Innocent Chukwuma is the head and Chief Executive Officer of The Innoson Group. ng Aug 7, 2017 · Their hometown Nnewi, in the southeastern state of Anambra, either by good fortune or hard work, has bred more naira billionaires than any other town in Nigeria, and possibly Africa. Nnewi is a town located in Anambra state; south eastern Nigeria. Shortly before Nigeria’s independence in 1960, Louis Odumegwu Ojukwu, reportedly Nigeria’s first black billionaire, and founding president of the Nigerian Stock Exchange, was knighted by Queen Elizabeth II. Jul 9, 2012 · From personal interaction, I believe the richest town in Igboland is Nnewi. Aug 13, 2017 · The small Nigerian town of Nnewi has more naira billionaires per capita than anywhere else in the country. 9 billion. gxxbd bqcj bckfqnp grpsw xuivb jsbnn kad oweyywq sut tpyrdbsi aykn cmvq wzycym cuykwuyt iakb