Salary of Nigerian Senators in Naira

Senators are some of the highest paying politicians in Nigeria, much of which comes from them being successful businessmen, having social networks, and obviously the overly compensating monthly salary. However, many senators in Nigeria are involved in corruption scandals and money diversion cases.

Are you interested in knowing more about the salary of Nigerian senators? Here is a list of ten currently serving, most successful senators in Nigeria. So, read it quickly and find everything about their net worth and income details.

1. Ovie Omo Agege and His Salary

  • Complete Name: Obarisi Ovie Omo Agege
  • Gender: Male
  • Date of Birth: August 3, 1963
  • Profession: Senator, Politician, Lawyer
  • Salary per Month: ₦750,000 (additional expense of ₦13.5 million)
  • Estimated Net Worth in: ₦4,014,400,000
  • Other Income Sources: Public speaking, special appearances, Omo Agege & Associates

Ovie Omo Agege started politics from the Delta State Representative House by buying tickets under the Democratic Party. Aside from politics, he started the Omo Agege & Associates law firm with a senior partnership in America and eventually took ownership of it, having a significant increase in his net worth. Currently, he is serving as a deputy senator in Nigeria, actively earning a handsome amount.

2. Stella Oduah and Her Salary

  • Complete Name: Princess Stella Oduah Ogieqonyi
  • Gender: Female
  • Date of Birth: January 5, 1962
  • Profession: Senator, Minister of Aviation (former)
  • Salary per Month: ₦750,000 (additional expense of ₦13.5 million)
  • Estimated Net Worth in: ₦481,728,000,000
  • Other Income Sources: public appearances, ministerial positions, businesses (alleged)

Coming from one of the richest families in Nigeria, Stella Oduah holds a positive influence in Nigerian politics as a senator of the federal republic and enjoys an impressive net worth through monthly earnings and public appearances. Apparently, during her time as a Minister of Aviation, she was accused of buying an offshore oil and gas company (making it an illegitimate business), which was built using the government’s money. Though it is not proven, there are several reported evidences.

3. Sani Musa and His Salary

  • Complete Name: Mohammad Sani Musa
  • Gender: Male
  • Date of Birth: May 11, 1965 (58 years of age)
  • Profession: Politician, Senator
  • Salary per Month: ₦750,000 (additional expense of ₦13.5 million)
  • Estimated Net Worth in: ₦5,917,225,600
  • Other Income Sources: Public speaking, public appearances

Sani Musa currently serves as a senator from the Niger East Senatorial District of the Niger State, and most of his net worth comes from being a successful politician. The senator, elected in 2019, has a strong hold country’s politics, earning him a strong position in the Senate. Aside from active politics, he earns passively from public appearances and voluntary visits across the country (educational institutions, conferences, private seminars, etc).

4. Ifeanyi Ubah and His Salary

  • Complete Name: Patrick Ifeanyi Ubah
  • Gender: Male
  • Date of Birth: September 3, 1971 (52 years of age)
  • Profession: Senator, Businessmen
  • Salary per Month: ₦750,000 (additional expense of ₦13.5 million)
  • Estimated Net Worth in: ₦1,364,896,000
  • Other Income Sources: businesses, investments, entrepreneurial ventures

One of the richest senators in Nigeria, Ifeanyi Ubah, enjoys an impressive net worth, much of which is accredited to his business and investment ventures across the country, including Capital Oil and Gas Limited. He is also the owner of the Authority Newspaper, which earns incredible revenue as a daily newspaper in the country. Currently, he is investing in some prominent entrepreneurial ventures like the tire exportation from Nigeria to Ghana and Liberia, which is expected to be completed successfully in three years from now onwards.

5. Istifanus Gyang and His Salary

  • Complete Name: Istifanus Gyang
  • Gender: Male
  • Date of Birth: 1964 (59 years of age)
  • Profession: Senator, Politician
  • Salary per Month: ₦750,000 (additional expense of ₦13.5 million)
  • Estimated Net Worth in: between ₦805,000,000 and ₦4,014,400,000
  • Other Income Sources: public appearances
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Istifanus Gyang is a current senator in the Nigerian Senate, and most of his income and net worth is accredited to his successful career as a politician. He entered the House of Representatives in Riyon constituency back in 2015 and then onwards, has managed to build a social network, a reason for his popularity. Consequently, the senator is called upon for public appearances in educational and political institutes for speeches and seminars attendance, which is yet another income source for him.

6. Godswill Akpabio and His Salary

  • Complete Name: Godswill Obot Akapabio CON
  • Gender: Male
  • Date of Birth: December 9, 1962 (60 years of age)
  • Profession: Senator, Politician, Lawyer
  • Salary per Month: ₦750,000 (additional expense of ₦13.5 million)
  • Estimated Net Worth in: ₦13,685,000,000
  • Other Income Sources: Unknown

According to Forbes, Godswill Akpabio has an estimated net worth of anywhere around ₦13,685,000,000, and most of it comes from him being a successful politician and candidate from the People Democratic Party. The senator was re-elected a second time in 2011 and initiated several infrastructural projects. Though he has a law degree from the University of Lagos, Godswill is not involved in any related activity to law or law business and has himself been allegedly a perpetrator of corruption (of illegal investments in offshore businesses).

7. Barau Jibrin and His Salary

  • Complete Name: Jibrin Ibrahim
  • Gender: Male
  • Date of Birth: January 1, 1959 (64 years of age)
  • Profession: Senator, Politician, Lawyer
  • Salary per Month: ₦750,000 (additional expense of ₦13.5 million)
  • Estimated Net Worth in: ₦3,220,000,000
  • Other Income Sources: business ventures

A popular figure in politics, Barau Jibrin has earned a fair share of net worth, and surprisingly, most of it comes from him being a politician and a small businessman. Coming from a humble background, Barau entered politics back in 1999 with a ticket to the House of Representatives from the Kano State and eventually built a massive social network of politicians, the welfare community, and businessmen. However, the senator was in a heated situation when it was allegedly exposed that his company ICPC was awarded a Sinti Nig Ltd partnership through a multi-million Naira deal.

8. Theodore A. Orji and His Salary

  • Complete Name: Theodore Ahamefule Orji
  • Gender: Male
  • Date of Birth: November 11, 1950 (72 years of age)
  • Profession: Senator, Politician
  • Salary per Month: ₦750,000 (additional expense of ₦13.5 million)
  • Estimated Net Worth in: ₦837,200,000
  • Other Income Sources: Small business ventures

Theodore Orji is yet another successful senator currently working in the senate, actively enjoying a monthly income of anywhere around ₦750,000. Apart from this, the senator also enjoys a fair share of net worth, a part of which is accredited to his small-scale local business ventures and partnerships. Moreover, the senator has always been a popular figure in the media for his corruption scandals, and recently, it was allegedly reported by Daily Nigeria that Orji diverted around N521 million from the state property for his personal use.

9. Ahmadu Abubakar and His Salary

  • Complete Name: Ahmad Moallahyidi Abubakar
  • Gender: Male
  • Date of Birth: September 5, 1957 (Age 66 years)
  • Profession: Senator (Politician)
  • Salary per Month: ₦750,000 (additional expense of ₦13.5 million)
  • Estimated Net Worth in: ₦720,063,300,000
  • Other Income Sources: Businesses, Investments

Ahmad Moallahyidi Abubakar is one of the richest Nigerian Senators currently serving their time in federal tertiary positions, and most of his money comes from his business and investment ventures across the country and abroad. Recently, he was accused of diverting state funds to get a multi-million naira deal for his business; however, there has not been much evidence regarding it. The senator also comes from a financially rich family and All Progressives Congress, earning him a number of sponsorships across the board from social connections.

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10. Suleiman Nazif and His Salary

  • Complete Name: Suleiman Mohammed Nazif
  • Gender: Male
  • Date of Birth: April 14, 1970 (53 years of age)
  • Profession: Politician, Senator
  • Salary per Month: ₦750,000 (additional expense of ₦13.5 million)
  • Estimated Net Worth in: ₦4,014,400,000
  • Other Income Sources: Unknown

Last but not least on our list of Nigerian senators currently working in the Senate is Suleiman Mohammed Nazif, a prominent political figure known for his involvement in the country’s local politics. Though he is popular and remains in the media, he does not own anything exclusively luxury in the state. The only source of his net worth aside from active politics is party association, sponsorships, and public appearances across Nigeria, and apparently, he has not been a part of any massive corruption scandal.

How much does a member of the House of Representatives make in Nigeria?

An average Green Chamber of House of Representative member earns around 8.5 million Naira on a monthly basis, irrespective of additional compensations.

How many senators are there per state in Nigeria?

There are a total of 36 states, which are divided into three senate districts, along with one Federal Capital Territory.

How many senators does the PDP have in Nigeria?

As of 2023, the People’s Democratic Party, or PDP, has an average of 28 elected senators in the upper house.

How long do senators serve in Nigeria?

On average, a senator in Nigeria serves a tenure of around four years. The longest-serving senator in Nigeria is David Mark, who served from 2007 to 2015.

How are senators chosen in Nigeria?

There are a total of 36 states in Nigeria, divided into 3 senatorial districts. Each district has one senator elected by the people of the district. Apart from this, the people of the Federal Capital Territory elect one senator, who would then complete his/her tenure.

Are senators rich in Nigeria?

Yes, senators in Nigeria are one of the richest politicians. Most of them come from rich family backgrounds and own businesses aside from their active participation in politics. Some of the currently serving rich senators in Nigeria include Ovie Omo Agege, Ahamadu Abubakar, and Princess Stella Oduah.

What is the duty of a senator in Nigeria?

The main responsibility of people in the Senate is to advise and give consent to the president’s government appointment. They also deal with the impeachments and intake of foreign laws and related treaties with governments abroad.

Is the Senate the upper house in Nigeria?

Yes, the Senate is the upper chamber of the parliament in Nigeria. Most people confuse it with the House of Representatives, which is also called the Green Chamber and is actually the lower chamber of Nigeria’s national assembly.

Who is the richest senator in Nigeria?

Princess Stella Oduah is currently one of the richest senators in Nigeria. Currently, she has an estimated net worth of ₦481,728,000,000.

Nigerian senators enjoy a fair share of additional compensations aside from the impressive monthly salary. Recently, their overly compensating salary amount has been making rounds on the internet, which has attracted the public to wonder about their income sources and net worth. I hope this guide has been successful in giving you a broader view of how rich an average Nigerian senator will be in 2023.

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.