10 Most Expensive Cars in Nigeria and Who Owns Them

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Nigeria is home to some of the wealthiest individuals in Africa, and it comes as no surprise that many of them have a penchant for luxury cars.

From iconic vintage models to the latest high-end creations, these cars are not only a symbol of opulence but also a testament to the impressive net worth of their owners. In this article, we will delve into the world of Nigerian celebrities and their prized possessions, highlighting the 10 most expensive cars in Nigeria and the influential figures who own them.

Brace yourself for a captivating journey into the realm of automotive extravagance, spanning the realms of business, entertainment, and politics.

1. Bugatti Veyron

  • Owners: Aliko Dangote and Dino Melaye
  • Worth: $3.4 million (₦1.5 billion)

Bugatti Veyron is one of the most expensive cars in Nigeria. This car is one of the most expensive sports cars of the Bugatti series. It is worth $3.4 million, which is equivalent to about 1.5 billion Naira.

Also, this luxurious car was named the 2000s car of the decade by BBC’s Top  Gear. Although the production of Bugatti Veyron altogether stopped in 2015, it is nevertheless still sought by the rich and remains very expensive and highly valued.

It has some unique features as one of the fastest sports cars that run on gas and can operate at a top speed of 254 miles per hour. It also has an 8.0 liter W16 gas engine that can produce 1200 horsepower and 1,106-pound feet of torque as well as four turbochargers.

The owners of this most expensive car in Nigeria are Dino Melaye and Aliko Dangote. Dino’s net worth is estimated at $100 million while Bloomberg estimates Dangote’s net worth at $20.5 billion at the time of this writing.

To cap it all on the report of the most expensive cars in Nigeria, Dino Melaye and Aliko Dangote are the owners of Bugatti Veyron which is now considered to be the most expensive and only Nigerian car worth 1.5 billion Naira.

Moreso, on this list, Dino Melaye has more expensive cars than other Nigerians. In fact, he has the top three most expensive cars in the country and together, they are worth almost three billion Naira.

2. Mercedes G Wagon Limo

  • Owner: Dino Melaye
  • Worth: $1.2 to $1.6 million (₦552.6 to ₦736.8 million)

Lawmaker, Dino Melaye owns a bulletproof Mercedes G Wagon Limo. He shared the picture of the car on his Instagram page around 2020. The car is said to be worth from $1.2 to $1.6 million which is about ₦552.6 million to ₦736.8 million.

Dino’s Mercedes G Wagon Limo car remains one of the most expensive cars in Nigeria and its features are incredibly exotic and powerful.

As aforementioned, the car is bulletproof. It offers protection against a 7.62mm lead core, 5.56 by 45, and M80 ball rounds; and 2 DM51 hand grenades.

3. 2020 Lamborghini Aventador Roadstar

  • Owner: Dino Melaye
  • Worth: $1 million (₦460.5 million)

In 2020, Nigerian politician Dino Melaye bought a 2020 Lamborghini Aventador Roadstar worth $1 million. The car is a limited edition and may be one of the most expensive Aventador ever made.

This car exudes luxury and its incredible features make it even more appealing. It is powered by a 6.5 liter V12 engine with a 759 maximum horsepower output. It also features 531-pound feet of torque and covers 219 mph (352 kph).

Like many others on this list, Dino has other expensive fleets of cars such as a Porche Panamera, a Range Rover, a Bentley Continental, a Rolls Royce, and a Bugatti Veyron, which are uniquely plated and carry his customized name tag.

This then leads us to how wealthy Melaye is. Dino’s net worth is estimated at $100 million. He has earned from his political career as a House of Representative member and senator representing the Kogi West Senatorial office. He also became the PDP flagbearer for the 2023 Kogi State gubernatorial seat.

Also, he is a businessman with investments in real estate and the American food company, McDonald’s. He has also made wealth from book sales.

4. Maybach 57S Knight Luxury

  • Owner: Aliko Dangote
  • Worth: $1 million (₦460.5 million)

The Maybach 57S Knight Luxury is again another most expensive car in Nigeria. Aliko Dangote, the richest black man in the world, owns this costly automobile. There are suggestions that he is the only owner of this car in Nigeria.

However, some sources suggest that Hushpuppi, who is at the time of this writing facing jail terms for fraud, also owned the car.

In any case, Maybach 57S Knight Luxury is worth $1 million (₦460.5 million) and boasts a 5.5 liter V12-cylinder Twin-Turbo that makes a massive 712 horsepower with 5-speed shiftable automatic transmission.

Dangote is a serial entrepreneur and the owner of the Dangote Group of companies – a multinational industrial conglomerate that is made up of consumable production outlets and cement factories.

5. 2022 Mercedes Benz Brabus G800 G-Wagon

  • Owners: Jowi Zaza
  • Worth: $875,000 (₦402.8 million)

Mercedes Benz 2022 Brabus is a G-class wagon owned by Jowi Zaza. The car is one of the most expensive cars in Nigeria and is reportedly worth $875,000 (₦402.8 million).

It has a 9G-Tronic automatic transmission with a 4.0Litre Bi-Turbo engine type and 701 torque. In speed, it boasts 240 km/h and can run at 100 km/h for approximately 4.1 seconds.

Jowi Zaza, whose real name is Joseph Eze Okafor Jnr, is a Nigerian billionaire, philanthropist, and businessman. He is the son and heir to Jezco Oil, a medical and industrial gas company in Nigeria. He also owns several real estate businesses. The company is said to be worth million dollars. Yet, on his own, the businessman’s net worth is estimated at about $74.6 million (₦33.5 billion).

6. 2023 Mercedes-Maybach S680 Virgil Abloh

  • Owner: Davido
  • Worth: $530,000 (₦244.5 million)

Davido, a Nigerian musician and billionaire with an estimated net worth of $27.6 million, bought the 2023 Mercedes-Maybach S680 Virgil Abloh. He announced the purchase of the car, which is valued to be $530,000 (₦244.5 million), in April 2023.

The announcement came not long after he purchased a Rolls Royce Cullinan and Lamborghini Aventador. Both exotic cars are worth $340,000 and $500,000, respectively. The S-Class luxury sedan Davido bought is a limited edition with only 150 units made in the world.

The unique car is a two-tone paint exotic car designed for luxury off-roading with a 6.0 liter V12 engine that creates 604 horsepower and a 20-inch wheels engine. Although he is the first and currently the only Nigerian to own the 2023 Mercedes-Maybach S680 Virgil Abloh, other popular international acts who own the car are; Alicia Keys, Drake, Skepta, and Lil Baby.

The feverish anticipation for the Maybach has led to a high price above the suggested manufacturer’s retail price of $325,000 with an additional $250,000. Other cars owned by the Unavailable crooner, Davido, are Lamborghini Aventador and Urus, Bentley Bentayga, and Mercedes AMG G63 SUV.

7. Armored Bentley Mulsanne

  • Owners: Mike Adenuga and Aliko Dangote
  • Worth: $500,000 (₦230.7 million)

The car, which Mike Adenuga owns, is worth about $500,000 (₦230.7 million) and is famous for having a jet-like interior with ballistic protection and bulletproof glass. Armored Bentley Mulsanne has various features, such as fuel tank protection, a run-flat tire, a fire suppression system, and a siren system with a 6.75L twin-turbocharged V8 engine and 505 horsepower.

The car also comes with other specifications, such as higher or lower-level protection packages available per each client’s request. It is also armored to level A9/B6+ and offers protection against bullets and 2 DM51 hand grenades.

Looking at one of its owners, Mike Adenuga and Dangote are the top two richest people in Nigeria. Also, Dangote is the richest man in Africa, while Adenuga is the sixth richest in the continent.

Adenuga is a businessman, the owner of the third largest telecommunications operator in Nigeria, Globacom, as well as an oil production company, Conoil Oil.

The Globacom boss owns other exotic cars, such as the Mercedes-Maybach S-Class, Mercedes Benz AMG, and Rolls Royce Phantom.

8. 2022 Black Badge Rolls Royce Cullinan

  • Owner: Wizkid
  • Worth: $475,000 to $700,000 (₦219.2 – ₦323 million)

In 2022, Ayodeji Ibrahim Balogun, popularly known as Wizkid, acquired the 2022 Black Badge Rolls Royce Cullinan, which is said to be worth about $475,000 to $700,000 (₦219.2 – ₦323 million). This is excluding shipping and custom duty charges.

The exotic SUV is built with unique features such as a V12 engine with a 6.75-liter twin-turbo and 592 horsepower. The 2022 Black Badge Rolls Royce Cullinan provides 664 pound-feet of torque.

Asides from acquiring the Black Badge expensive car, Wizkid also acquired a Lamborghini Aventador and a Mercedes Benz Maybach. These cars cost a fortune, and they give a little insight into the Grammy Awards-winning artist’s $10 to $15 million net worth. It was rumored that he acquired four other expensive cars in addition to the three mentioned above.

9. Rolls Royce Phantom

  • Owners: Olu of Warri, Femi Otedola, Dino Melaye, Sanusi Lamido Sanusi, Davido, Chibuzor Madubuko, Obi Cubana, E-Money, and Mike Adenuga
  • Worth: $457,750 (₦211.2 million)

In this list of the most expensive cars in Nigeria, Rolls Royce Phantom is probably the most notable car which is owned by many wealthy individuals. Also, many of these wealthy individuals have customized their Rolls Royce to fit their pedigrees.

The car is worth $457,750 with a twin-turbo premium unleaded 6.75 liter V12 engine and a maximum of 563 horsepower.

Among the owners, it is reported that Arthur Eze, who is often regarded as the richest Igboman, owns this car and four other Rolls-Royce cars.

Tsola Emiko, the Olu of Warri, has two of the cars. This is the same case with Sanusi Lamido Sanusi, who also owns two of these.

Both men own the car in black and white colors. The expensive car is also owned by selected individuals in the country, such as Femi Otedola, E-money, Obi Cubana, and Mike Adenuga.

10. Lamborghini Urus Novitec Edition (2022)

  • Owners: Burna Boy
  • Worth: $332,000 (₦153.2 million)

Lamborghini Urus Novitec Edition is worth about $332,000. More interestingly, the car was customized and the customization price may cost another good fortune. The Urus Novitec Edition comes with 782 horsepower and is powered by a 6.6 liter twin-turbocharged V12 engine. The exotic car has the ability to run at 62 mph in 3.3 seconds.

Grammy winner, Burna Boy is the owner of this expensive car. The self-acclaimed African Giant, Burna Boy bought the car in the fall of 2022 to replace his damaged $282,000 Ferrari. This was also the same time that he bought Maybach, another luxury car.

Needless to say, this car may be good evidence of the high taste of Burna Boy when it comes to cars.

The Rivers State native is worth over $10 million and is considered one of the richest musicians in Nigeria. Moreso, their thriving careers have placed them in the category of some of the most celebrated African musicians of all time.

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