Nigeria is a country blessed with plenty of brilliant minds and successful businessmen & entrepreneurs who are an inspiration to the youth striving to carve a niche for themselves in today’s economy. We already profiled successful Nigerian women so here are some of the more popular outstanding moguls in Nigeria, in no particular order.
The very successful business magnate owns the Dangote group. He is the richest man in Africa with an estimated worth of 15.9 billion dollars. He made his money majorly in cement, sugar & flour, making 9.2 billion naira in 2013 alone. His empire extends to South Africa, Ghana, Togo, Cameroon, Benin & Zambia. The Dangote group was established in 1977 as a small trading firm after Dangote took a loan of N500,000 from his uncle Sanusi Dantata at the age of 21, today it is a multi-billion naira conglomerate with interests in several areas of business including food processing & cement manufacturing, he owns the largest sugar refinery in Africa and the third in the world & supplies over 70% of the sugar used by softdrink companies, breweries & confectioners in the country. He owns salt factories, flour mills and is a major importer of rice, fish, pasta & fertilizer. He exports cotton, cashew, nuts, cocoa, sesame seed & ginger to several countries. The group also has major investments in real estate, banking, transport, textiles, oil and gas and most recently telecommunications. The company employs over 11,000 people and in the largest industrial conglomerate in West Africa.
Michael Adeniyi Agbolade Ishola Adenuga is a business tycoon regarded as one of the richest black men in the world. At 61, his company Globacom is Nigeria’s second largest telecommunication operator. With stakes in Equitorial trust bank and conoil, his estimated net wort is 3.9 billion dollars.he is the second wealthiest man in Nigeria. He received a drilling license in 1990 and struck oil in Ondo state in 1991. Globacom is in several countries including Ghana, Benin & Ivory coast. He attended Northwestern Oklahoma state university and Pace university, New york with degrees in business administration.
Listed by Forbes as the 26th richest man in Africa, Tony Elumelu is the chairman of Heirs holdings, UBA and Transcorp and is the founder of the Tony Elumelu foundation has a controlling interest in Transcorp, Nigeria’s largest publicly traded conglomerate, a significant stake in UBA (united bank of Africa) and an extensive portfolio in real estate, among other assets. He is also the former CEO of Standard Trust bank. The 52 year old business mogul has a B.sc in economics from Ambrose Alli university, a masters of science degree from the university of Lagos and also attended Harvard business school. He holds the CON (commander of the order of Nigeria) and MFR (member of the order of the federal republic) national honours. He is an entrepreneur and philantrophist and is currently helping a thousand African entrepreneurs actualize their dreams through his latest initiative via his foundation.
Femi Otedola is the 52 year old billionaire owner and CEO of multi-billion naira oil giant Zenon. Zenon is the biggest diesel & kerosine marketer in Nigeria. He is the controlling shareholder of Forte oil with 78% stake in the company which owns oil and gas stations and fuel storage depots and manufactures it’s own line of engine oils. Forte oil is primarily engaged in the distribution of petroleum products such as diesel and aviation fuel.The oil baron and shipping magnate is the owner Atlas shipping agency, seaforce shipping company Ltd, swift insurance, FO properties and FO transports. According to Forbes, he is the 4th richest man in Nigeria and the 29th richest man in Africa.
Hakeem Bello Osagie
Photo credit: The sun
Listed as the 40th richest man in Africa Hakeem Bello Osagie is currently the chairman of Etisalat Nigeria where he holds a 12% stake. He has worked for the government in various capacities including a brief stint at NNPC, Secretary of the Oil policy review & LNG communities, Special assistant to the minister of Petroleum & energy, he set up CTIC, a leading energy consulting firm in 1986.Until recently he served as chairman of the board of directors of UBA Plc.
In 1998 he bought 51% of UBA from the Nigerian government & sold for 120 million dollars in 2004.
Starting as a petroleum economist & a lawyer he diversified into several businesses including energy, finance & telecommunications. He is the founder & former chairman of First Securities Discount House , Nigeria’s leading money markets and treasury bill trading financial services firm. He is also the chairman, board of directors of the Abuja investment Company.he also chairs Chocolate city group, a leading entertainment company in Nigeria and serves on the board of timbuktu media. He is a huge donor to the African Leadership Academy (ALA) an institution that works to turn out Africa’s brightest students.
He holds an MBA from Harvard business school, a law degree from Cambridge university & an M.A. in politics, philosophy & economics from Oxford University.
Information source : Wikipedia & Forbes