There is data evidence that welfare has improved post democracy in Nigeria. However, the distribution or concentration of the benefit of democracy in subgroups of the population is unknown. In this paper, the question of differential welfare impacts, across interest groups post democracy in Nigeria, is explored. I break down the population into interest groups along the lines of gender, sector, region, age cohort and education. The analysis shows these groups all benefitted from reforms post democracy but the magnitude differed significantly. In addition, the results show that having a tertiary education yields significant benefits. I find that individuals with tertiary education are the big winners post democracy in Nigeria.