Seyi Makinde Net Worth (2023)

It’s common knowledge that governors in Nigeria are filthy rich. It is commonly believed that one of the quickest areas to gain a fortune in Nigeria is through politics.

However, not every Nigerian governor got rich through politics; some are successful businesspeople or academics who managed to amass substantial fortunes on their own, without benefiting from the government.

While all Nigerian governors are prosperous, some are actually richer. We present to you Seyi Makinde Net Worth, his fancy cars, and his net worth;

Seyi Makinde Net Worth (2023)

Oyo state residents have great affection for Governor Seyi Makinde because of the selflessness he has shown as governor. Governor Seyi Makinde, born on December 25th, 1967, is a lifelong member of the People’s Democratic Party (PDP).

He has extensive knowledge in fluid and gas metering and is an Engineer by trade. He currently serves as the Managing Director of the Nigerian oil and gas firm Makon Group Limited.

He received his education in electrical engineering at the University of Lagos as well as education in numerous foreign institutions, including the Massachusetts Institute of Technology, where he took courses in Understanding and Solving Complex Business Problems.

As governor, Seyi Makinde has amassed a fortune estimated to be $126 million.

Seyi Makinde Early life and education

Makinde was born in Aigbofa Compound, Oja’ba, Ibadan, Oyo State to Pa Olatubosun Makinde, a former teacher turned accountant and Abigail Makinde. Among his siblings, he is the third.

Makinde attended both St. Paul and St. Michael primary schools in Yemetu, Ibadan, beginning with the former. He attended Bishop Phillips Academy in Monatan, Ibadan, for his secondary schooling.

He enrolled in Unilag, the University of Lagos, in 1985 and graduated with a bachelor’s degree in electrical engineering.

Makinde received training in the Safety Shutdown System from Industrial Control Services in Houston, Texas in 1998, and in 1999 he attended the Lagos Business School, now known as Pan-Atlantic University, where he studied the art of analytical competence in the management of operations.

He studied robotics back in the year 2000. He attended Jiskoot Auto Control Training Centre in Kent, England, in 2002 to learn the basics of crude sampling. Additionally, in 2005 he attended MIT in the United States to study Understanding and to solve Complex Business Problems.

Professional and business career

After completing his mandatory military duty (NYSC), Makinde was hired on as a trainee engineer by the Nigerian branch of Shell Petroleum Development Company (SPDC). From 1990 to 1992, he served in a variety of roles, during which time he oversaw and contributed to a number of significant initiatives.

He began his career with Rebold International Limited in 1992 as a field Engineer (Eket operations), and by 1995 he had been promoted to the position of Field Manager.

After five years (1992 1997) as the Engineering Manager for major international oil and gas corporations (IOCs), Makinde started his own company, Makon Engineering and Technical Services Limited (METS) in 1997. He has been promoted to the position of group managing director at the Makon Group of Companies.

Among the many national and international organizations to which Makinde belongs are the Nigerian Society of Engineers (NSE), the Council for Regulations of Engineering in Nigeria (COREN), the Oil and Gas Design Engineers of Nigeria (OGDEN), the International Society of Automation (ISA), the Institute of Measurement and Control (UK), and the American Measurement Institute (AMI).

How Seyi Makinde Started His Political career

Makinde lost against Kamoru Adedibu, a candidate for the People’s Democratic Party, in the 2007 election for the Senate seat representing Oyo South on the platform of the All Nigeria Peoples Party (ANPP).

In 2010, Makinde, still undeterred by his previous failure, ran for the Senate seat representing Oyo South in 2011 under the People’s Democratic Party, PDP, but was defeated in the party’s primary election.

Makinde ran for the People’s Democratic Party’s governorship ticket in Oyo State in 2015. This was a campaign he began in 2014. (PDP). After the party’s primary election concluded in December 2014, he did not receive the nomination ticket for governor.

Makinde, however, remained ambitious and switched to the Social Democratic Party (SDP), where he ran for the SDP gubernatorial candidate in Oyo State in 2015, but finished third with over 50,000 votes.

Engineer Seyi Makinde returned to the People’s Democratic Party in September 2017 after comprehensive, deep, and wide engagements with National Leaders, Oyo State leaders, and elders of the Social Democratic Party, as well as cross sections of strategic partners within Oyo State (PDP).

He insisted that he hadn’t joined the PDP for himself, but rather to help the State progress by identifying and implementing long-term answers to the myriad issues plaguing it.

On September 29, 2018, at liberty stadium, Oke-Ado in Ibadan, Makinde won the People’s Democratic Party (PDP) primary contest to become the party’s gubernatorial candidate for the 2019 general elections in Oyo State.

At the polls on March 9, 2019, Makinde received 515,621 votes, which was enough to overcome his nearest opponent, Adebayo Adelabu of the All Progressive Party, who received 357,982 votes. During the General Voting Period, the All Progressives Congress (APC).

At the 9 March 2019 Gubernatorial Elections in Oyo State, Makinde was victorious and will serve as Governor. Makinde became the 28th Governor of Oyo State on May 29, 2019. Makinde succeeds the late Senator Abiola Ajimobi, who served for eight years.

Due to his groundbreaking successes since resuming office in 2019, the good people of Oyo State demanded that Makinde run for another four years, and he announced his desire to do so on April 7, 2022.

He made the announcement on his social media accounts, writing, “if the people of Oyo state demand it, we will serve four more years.”


Seyi Makinde net worth currently is estimated to be around $126m owing to his growing career in the oil and gas sector. So, that is all you need to know about Seyi Makinde who is the present Governor of  Oyo state.