10 Most Expensive Cars in Nigeria and Their Wealthy Owners 2024

• Some of the world’s most expensive cars will be found in the garage of many wealthy Nigerians.
• These luxury cars range from Bugattis to Lamborghinis, to Ferraris, Maybachs and so many other luxury vehicles.
• They add up to the most expensive cars you’ll find on Nigerian roads today.

Wealthy people in Nigeria have one of the tastiest car collections that include a series of some of the top-rated cars across the globe. These vehicles range from Bugattis to Lamborghinis, to Maybachs to Rolls-Royce vehicles and so many other luxury cars worth billions in Naira.

In this article, we will be looking at the top 10 most expensive cars in Nigeria, and some of the wealthy Nigerians that own them.

Aliko Dangote – Bugatti Veyron (N2 Billion)

The elite business magnate who has consistently ranked one of the richest men in Africa. Aliko Dangote was born on 10th April 1957 to a wealthy Muslim family. Aliko’s business venture started when he was 8. The start of the Dangote Group dates back to a small trading unit in 1977.

Now the business has become a conglomerate, handling the welfare of thousands of people. With a massive network like this, Aliko Dangote has one of the most expensive cars in Nigeria. He owns a luxurious Bugatti Veyron packed in his garage which he uses for his official trips. This Bugatti Veyron cost him nothing less than ₦1.1 billion to bring home. The Bugatti Veyron can reach up to 431km/h and accelerate up to 100km/h in just 2.5s. The exquisite car is prestigious and also comes with quality materials, up-to-date infotainment and smart ergonomics.

Wizkid – 2022 Ferrari SF90 (N1.2billion)

Dec 2023, Afrobeats musician, Ayo Balogun, popularly known as Wizkid reportedly spent over 1.2 billion naira on a brand-new 2022 Ferrari SF90.

Nigerian music superstar Wizkid is at it again as he gets himself a Christmas gift that only very few can afford Videos of the singer taking delivery of his tear rubber N1.2 billion 2022 Ferrari SF90 have set social media on fire Just weeks before Big Wiz acquired the car, popular luxury lifestyle influencer Ola of Lagos did a review of the car, noting that there are only five of the cars on the African continent.

This is coming a few after the CEO of Polanco Exotic Cars, a luxury vehicle dealer in Nigeria known as The Razz Guy, recently revealed that he shipped a 2022 Ferrari SF90 to Lagos. According to him, clearing the car at the port cost almost N200 million in customs duties. The estimated value of the car is N1.2 billion naira, and upon taking delivery of the car, the exotic car dealer test-drove it around.

Davido – 2023 Maybach S680 Virgil Abloh Edition  (N650 Million)

In 2023, Davido purchased a brand new 2023 Maybach S680 Virgil Abloh Edition currently with N650 million. Only 150 of these 2023 Maybach S680 Virgil Abloh were made and davido bought one of them for a whopping $530,000, after shipping and clearing in Nigeria this S680 Virgil Abloh will sale in Nigeria for ₦650 million.

The singer bought it as a gift to himself after his come back and his Timeless album hit #2 on Billboard’s World Album Chart, garnering over 2 billion streams.

Chibuzor Madubuko – Rolls Royce Phantom (N450 Million)

Chibuzor Madubuko, popularly known as Man Like Chico, is a rich Nigerian billionaire estimated at $12 billion. He is the son of billionaire businessman Chief Chinedu Benson Madubuko. His father is the founder and CEO of De Chico Group. He hails from Adazi-Ani, Anaocha Local Government Area of Anambra state. He was born on June 3rd to the family of Chief Chinedu Benson Madubuko and Mrs Chinelo Madubuko.

Chibuzor Madubuko is amongst the most expensive car owners. He owns a Rolls Royce Phantom worth over ₦200 million. Owning a Rolls Royce Phantom gives you a taste of royalty. The exterior and interior of the vehicle are made from high-quality materials. It costs over ₦176 million. A silky 563-hp twin-turbo V-12 coupled with an eight-speed automatic and rear-wheel drive delivers massive power to the Phantom.

Olamide, Burna Boy and Dino Melaye– Lamborghini Aventador (N400 Million)

With a staggering net worth of ₦5 billion, Olamide is amongst the most expensive car owners. He owns a brand-new Lamborghini Aventador worth ₦218 million.

In the line of Superfast vehicles, the Lamborghini Aventador cannot be overlooked. The Powertrain begins with a mid-mounted naturally aspirated 6.5-litre V-12 that develops 730 horsepower and 509 lb-ft of torque that is transmitted to the wheels via a seven-speed automated manual transmission. The Lamborghini Aventador is a taste of royalty and guarantees high performance.

Also, Nigerian singer, Damini Ebunoluw Ogulu, known professionally as Burna Boy, has a Lamborghini Aventador SVJ sports car that he purchased in  2022. The Lamborghini Aventador SVJ sports car joins his already impressive collection of luxury cars.

Dino Melaye is a wealthy man with a net worth of $800 million. Dino Melaye owns a glamorous Lamborghini Aventador. Dino Melaye’s Lamborghini Aventador is a statement of flamboyance, brilliant aesthetics and top-notch performance.

Davido – Rolls Royce Cullinan (N350 Million)

Davido has an estimated net worth of $90 million. Davido doesn’t hesitate to show off his wealth on social media. Amongst the exotic cars in his fleet, his most expensive car is the Rolls-Royce Cullinan 2019 worth ₦350 million.

The Rolls Royce Cullinan gives a royal appeal and it’s super quiet to ride. Under the hood is a twin-turbo 6.7-litre V-12 providing 563 effortless horsepower. With an all-wheel drive available as standard, the Rolls Royce Cullinan is capable of sprinting from zero to 60 mph in just 4.8 seconds. The interior is spacious and lined in box-grain leather, lambs-wool carpeting, beautiful wood trim, and milled aluminium accents.

Wizkid – Lamborghini Urus (N350 Million)

Wizkid rides an expensive and luxurious Lamborghini Urus worth over 120 million NGN. The exterior of the Urus is expertly designed with Lamborghini badges, LED headlights and taillights with Y-shaped LED daytime running lights. Under the hood is a twin-turbo V-8 that makes a massive 641 horsepower  627 lb-ft of torque, together with a permanent all-wheel drive and an eight-speed automatic transmission.  The Lamborghini Urus has a top speed of 190 mph, trotting from 0 to 60 mph in 3.1, and going quarter-mile11.3 seconds at 121 mph.

Jowi Zaza – Brabus G Wagon (N300 Million)

Joseph Eze Okafor, Jnr, popularly called Jowi Zaza is one of the youngest billionaires in Nigeria. He has so much wealth at the young age of 36 that most people consider him to be a Yahoo boy. Jowi Zaza was born into a wealthy home. His father, Chief Joseph Eze Okafor is a wealthy oil and gas business magnate. 

Amongst the expensive cars in Jowi Zaza’s garage is a Brabus G Wagon worth over ₦300 million. Seated under the hood is a V-12 engine that makes 900 horsepower and 1106 lb-ft of torque. The 0-62 sprint happens in just 3.8 seconds, and the top speed is electronically limited to 174 mph.

HABBYFX — 2019 Audi R8 Spyder Convertible Quattro (N250 Million)

Big Congratulations to Habbyforex CEO Damilare Ogundare for purchasing the 2019 Audi R8 Spyder Convertible Quattro worth 250M Naira 6 months after spending ₦310 Million for a 2020 Lamborghini Urus in 2023.

Damilare Ogundare is one of the top names in Forex trading in Nigeria. Like every other person who is into Forex trading, the main reason Ogundare entered into the field was that it was rewarding.

Ola Of Lagos who made the post on his official Instagram page disclosed that the 2019 R8 Spyder Convertible has an AC vent built into each door. The cold air comes out of the vent when the door is closed.

Obi Cubana –Mercedes Maybach S580  (N250 Million)

Man of the people, Man of the year 2021, Obi Cubana buys himself a 2022 Mercedes Benz Maybach S580 guard 4matic bulletproof worth over 250 Million Naria. The billionaire is noted to have purchased the car after he was released from EFCC detention in 2022.

The car purchase was made known by his friend Man Like Chico who took to his Instagram story to share the news of the newly acquired vehicle with Congrats boss @obi_cubana, It plenty

Obafemi Martins –Bentley Bentayga (N150 Million)

Obafemi Martins, nicknamed ‘Oba goal’ is talented and one of Nigeria’s finest footballers who was a former Super Eagles striker and also played for the Chinese Super League side- Wuhan Zali, but currently retired.

He owns a Bentley Bentayga that is ranked as one of the most expensive Sports Utility vehicles in the auto market. The Bentley is powered by a 6.0-litre W-12 engine that puts out 600hp and a torque of 664 lb. Despite its over 5,600 pounds weight, the car still gets to ride from 0-60 mph in 3.5 seconds.

Conclusion

These are the top 10 most expensive cars in Nigeria in 2024 and the billionaires that own these vehicles.