>How to be a successful businessman according to…

Hakeem Bello Osagie

Have a healthy scepticism of data
On the advice of renowned consultancy firms, HBO and his partners underbidded & lost the chance of getting the first mobile network licenses in Nigeria. He was erroneously advised that the Nigerian mobile phone market could not exceed 20 million Subscribers & today Nigeria has more than 100 million mobile phone subscribers.
Again, in the 90s, against the advise of many, he bought UBA (united bank for Africa) for 15 million dollars & a few years later it was valued at 300 million dollars by a South African bank that had earlier turned down his bid to invest in the bank, calling it a bad investment.

Right team is essential
“Teams are crucial because they combine the differing talents of individuals & they make the whole better than the part”. The desire & eagerness to experience new things is more important than functional intelligence in a successful team”.

Nurture relationships
“Nurturing personal relationships & building bridges is necessary to achieve business success. These relationships do not stop at 5 0′ clock but run round the clock”.

Be bold despite uncertainty
“Be bold, do not wait for every fact to be in before you make a business decision, you could be too late for the opportunity. One of the key factors for success in business is having that mental attitude to walk boldly into the fog of uncertainty that is an inevitable part of business”.

Don’t sacrifice personal life for business success
“it is far easier to improve a business, change a job or an industry than it is to change an unhappy life. Do not lose yourself in the desire to be a great success”.

culled from business & u (punch newspaper)

According to Aliko Dangote
“i remember when I was in primary school, I would go & buy cartons of sweet & I would go & sell them just to make money. I was so interested in business, even at that time I was very used to buying & selling”.

“if you give me $5 billion today, I will not invest any abroad, I will invest everything here in Nigeria. Let us put heads together & work”.

According to Mike Adenuga
“The harder you work, the luckier you get”.

Culled from


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