Christians are known around the world for their religious beliefs; the purpose of founding a church is to attract followers to God and to establish God’s own army. Every Christian’s spirituality should not be based on their religion; in Nigeria, we have a large number of churches with various teachings. This article reveals the top 10 richest churches in Nigeria.
Top 10 Richest Churches in Nigeria
According to the holy book, the establishment of various churches in Nigeria today has moved the principal goal of drawing people to God. Many people have been distracted from getting the salvation that is supposed to be free and monetizing the labour force. With the population they attract, many churches are able to retain a big attendance.
Below are the top ten (10) richest churches in Nigeria.
1. The Catholic Church
The Roman Catholic Church, which is led by Pope Francis at the Vatican, remains the wealthiest of all churches. The church has the biggest net value of all churches, with around 30 million members in Nigeria and being one of the oldest churches in the world.
The church is also noted for its philanthropic offerings to the less fortunate, with many of its members contributing to the church’s welfare. Many dioceses and archdioceses exist throughout Nigeria, each led by a Bishop and backed by a Priest who oversees the welfare of the entire system. Within Nigeria, it is worth $150 billion.
2. Anglican Church
These churches are one of the oldest and first of their sort in the history of Nigerian churches, having been founded by British colonial overlords and being the mother of all churches in the country. A total of 12 million persons are thought to be among her members in Nigeria.
The church was once led by the British, but not when they seceded from England due to their differing religious beliefs. The teachings of the Nigerian Anglican Church forbid same-sex marriage (gay/lesbianism) and even the appointment of female bishops.
It is one of Nigeria’s wealthiest churches, with a philanthropic package for the poor. Its members also do well to help the church develop financially.
3. Redeemed Christian Church of God
Mr Akindayomi founded the Redeem Christian Church in 1952. It is Nigeria’s third richest church and, more importantly, one of the most populous Pentecostal churches, with around 7 million adherents across the country.
Pastor Enoch Adejare Adebaye is the current general overseer of the Redeemed Christian Church of God; however, he is not the founder; Mr Akindayomi founded the church in 1952. Pastor E.A Adeboye was given the mantle and went on to become the RCCG’s General Overseer.
The church is said to be Nigeria’s largest and most populated Pentecostal church; the church’s wealth comes from charitable donations, as well as income from the university; the church has a university, “The Redeemer University,” which includes secondary schools throughout Nigeria; they have a diverse revenue stream. It has a global presence with branches all over the world.
4. The 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 crowded. Bishop David Oyedepo, the richest pastor in the world with a net worth of $170 million, created Winners Chapel.
The church’s headquarters are in Ota, Ogun State, Nigeria, and it owns a full-time university, Covenant University, as well as other assets.
5. Deeper Life Bible Church
The Deeper Christian Life ministry, Deeper Life Bible Church, was formed in 1973 by Pastor Williams Folorunsho Kumuyi and is the 5th richest church in Nigeria.
He felt a called to accomplish God’s job, and through him, God has reached out to many lives. The church’s headquarters are in Gbagada, Lagos State, with a $5 billion auditorium that seats nearly 2 million people every Sunday. Deeper Life is one of Nigeria’s wealthiest churches.
6. Mountain of Fire & Miracle Ministry
MFM was formed in 1989 by Dr. Daniel Kolawole Olukoya as a prayer ministry in his home. He expanded the ministry by acquiring a location near the University of Lagos, and the church grew from there to become one of the largest congregations in Nigeria and the world.
MFM has over a thousand branches throughout Nigeria, and its primary source of funding is charitable donations. In addition, MFM has a registered football team in Nigeria and a standard institution, the “Mountain Top University,” in addition to the church. MFM is currently ranked as one of Nigeria’s wealthiest churches.
7. The Christ Embassy
The Christ Embassy was founded in 1987 by Pastor Chris Oyakhilome, one of Nigeria’s wealthiest pastors; the church is located in Lagos State; Christ Embassy is also known as “Loveworld,” and it is one of the country’s wealthiest churches; it also has many branches throughout the country and abroad, making it an international church.
With millions of followers both inside and outside Nigeria, the church is considered one of the world’s largest congregations of worshipers. Christ Embassy sponsors a monthly prayer guide called “Rhapsody of Realities” that is free to everybody.
8. Synagogue Church of All Nations
Late Prophet T.B Joshua founded the Synagogue Church of All Nations, which is currently among Africa’s wealthiest churches, with its headquarters in Lagos State. SCOAN has the largest Sunday service in the country, with over 20,000 people attending.
The SCOAN is a place known for teaching God’s word, the population is growing across the country, and the man of God was a humanitarian, helping the poor and orphans. He was indeed a decent guy, carrying out Jesus’ practical mission on Earth.
SCOAN is also known as a tourist attraction; the spectacular edifice and structure that the founder built is the best in town; the man of God performed healing and miracles for people who believed; and SCOAN is one of Nigeria’s wealthiest churches.
The SCOAN’s general overseer died in July 2021, a few days before his birthday, after a full life on Earth.
9. The Lord’s Chosen
The Lord’s Choosen Charismatic Revival was formed by Pastor Lazarus Muoka, who also serves as the movement’s general overseer. The church has branches all over the world, and it is still located in Lagos State, among the Pentecostal churches.
Lord’s Choosen is one of Nigeria’s wealthiest churches, thanks to the amazing miracles and signs and wonders done by the man of God.
10. House on the Rock
Pastor Paul Adefarasin started the church, which is considered to be one of Africa’s multi-national churches, with a population of around 20,000 worshipers.
The church also hosts a yearly musical performance that brings people from all over the world together. It is classified as one of Nigeria’s wealthiest churches, albeit the actual net value is not disclosed. Nonetheless, it stays on the list of Nigeria’s wealthiest churches.