With Christianity being one of the major religions in Nigeria, the country is home to numerous churches that have gained both popularity and wealth over the years. In this article, we will show you the top 10 richest churches in Nigeria.
These churches have not only amassed substantial wealth but have also played a pivotal role in the lives of millions of Nigerians, leaving an indelible mark on the country’s religious and social fabric.
Join us as we uncover the stories behind these influential institutions and shed light on their remarkable journeys to becoming the wealthiest churches in Nigeria.
Christians are known worldwide for their religious beliefs. The purpose of establishing a church is to attract followers to God and establish God’s own army.
Top 10 Richest Churches in Nigeria
According to the holy book, the establishment of various churches in Nigeria today has shifted the primary goal of drawing people to God.
Many churches have veered off from providing salvation freely and have instead monetized their labor force. With the large population they attract, these churches are able to maintain significant attendance. You may like to check 10 richest pastors in the world.
10 Richest Churches in Nigeria
Below, we present the top ten richest churches in Nigeria:
1. The Catholic Church
Led by Pope Francis at the Vatican, the Roman Catholic Church remains the wealthiest of all churches. With approximately 30 million members in Nigeria, it is one of the oldest churches in the world. The Catholic Church is also known for its philanthropic contributions to the less fortunate. Numerous dioceses and archdioceses exist throughout Nigeria, each led by a Bishop and supported by a Priest overseeing the welfare of the entire system. Its estimated worth within Nigeria is $150 billion.
2. Anglican Church
Being one of the oldest and earliest churches in Nigerian history, the Anglican Church was established by British colonial overlords and serves as the mother church to all others in the country. It is believed to have around 12 million members in Nigeria. The church was once led by the British but later separated due to differing religious beliefs. The Nigerian Anglican Church strictly prohibits same-sex marriage (gay/lesbianism) and the appointment of female bishops. It is one of Nigeria’s wealthiest churches and actively engages in philanthropic endeavors. Its members contribute significantly to the church’s financial development.
3. Redeemed Christian Church of God
The Redeemed Christian Church of God was founded by Mr. Akindayomi in 1952. It is Nigeria’s third richest church and one of the largest Pentecostal churches, with approximately 7 million adherents nationwide. Pastor Enoch Adejare Adebayo, although not the founder, is the current General Overseer. The church’s wealth comes from charitable donations and revenue generated by its university, “The Redeemer University,” as well as secondary schools throughout Nigeria. With branches worldwide, it has a global presence.
4. Living Faith Church World Wide
Living Faith Church, commonly known as Winners Chapel, is one of Nigeria’s wealthiest Pentecostal churches, ranking fourth on the list. It is also the largest and most populous. Bishop David Oyedepo, the richest pastor in the world with a net worth of $170 million, founded Winners Chapel. The church’s headquarters are located in Ota, Ogun State, Nigeria, and it owns Covenant University and other assets.
5. Deeper Life Bible Church
Formed in 1973 by Pastor Williams Folorunsho Kumuyi, the Deeper Christian Life Ministry, also known as Deeper Life Bible Church, is the fifth richest church in Nigeria. Pastor Kumuyi responded to a divine call and has reached out to many lives through his ministry. The church’s headquarters are in Gbagada, Lagos State, and it possesses a $5 billion auditorium that can accommodate nearly 2 million people every Sunday. Deeper Life is one of Nigeria’s wealthiest churches.
6. Mountain of Fire & Miracle Ministry
MFM was established in 1989 by Dr. Daniel Kolawole Olukoya as a prayer ministry in his home. The ministry expanded with the acquisition of a location near the University of Lagos, growing to branches throughout Nigeria and primarily relies on charitable donations for funding. In addition to the church, MFM has a registered football team in Nigeria and operates the “Mountain Top University.” It is considered one of Nigeria’s wealthiest churches.
7. Christ Embassy
Founded in 1987 by Pastor Chris Oyakhilome, Christ Embassy, also known as “Loveworld,” is located in Lagos State. It is one of Nigeria’s wealthiest churches and has numerous branches both within the country and abroad, making it an international church. With millions of followers worldwide, Christ Embassy is recognized as one of the largest congregations of worshipers globally. The church sponsors a monthly prayer guide called “Rhapsody of Realities,” which is distributed freely.
8. Synagogue Church of All Nations
The Synagogue Church of All Nations (SCOAN), founded by the late Prophet T.B Joshua, ranks among Africa’s wealthiest churches. Its headquarters is in Lagos State. SCOAN is renowned for its teaching of God’s word and its rapidly growing population across the country. The late Prophet T.B Joshua was known for his humanitarian work, particularly in helping the poor and orphans. SCOAN is also considered a tourist attraction due to its impressive structure and the healing and miracles performed by the late Prophet. It is one of Nigeria’s wealthiest churches.
9. The Lord’s Chosen
The Lord’s Chosen Charismatic Revival, led by Pastor Lazarus Muoka, is among the wealthiest churches in Nigeria. It has branches worldwide and remains headquartered in Lagos State. The Lord’s Chosen is known for the remarkable miracles, signs, and wonders performed by Pastor Muoka, contributing to its financial success.
10. House on the Rock
Founded by Pastor Paul Adefarasin, House on the Rock is recognized as one of Africa’s multinational churches, with a congregation of approximately 20,000 worshipers. The church hosts an annual musical event that attracts attendees from around the world. Although the actual net value of House on the Rock is undisclosed, it remains on the list of Nigeria’s wealthiest churches.
Source: Nyscinfo