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As Governor, I’ll Bring Back Prosperity to Osun State – Hon. Femi Kehinde

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By Eric Elezuo

By September 2018, a new governor will emerge in Osun State to replace Ogbeni Rauf Aregbesola of the All Progressives Congress (APC), who will be completing his eight years mandate then. Consequently, the Osun political circle is saturated in the bid to find a suitable of more suitable replacement with a great number of aspirants expressing their interest.

Among the many contenders is Barrister (Hon) Femi Kehinde, a remarkable former House of Representatives member, whose sound political and economic analysis of Osun State gives him an immediate edge to be governor.

Meeting him at his Ikeja, Lagos, office, Barr Kehinde expresses the humility that is tantamount to taking anyone to any great heights. Devoid of airs or attendant arrogance, he cuts the picture of a steward who is ready to serve, not out of pretension but from the genuineness of heart. And when he opens his mouth to talk about the needs of Osun State, and strategies to meeting the needs, one would readily cast his vote for him. He is a fountain of knowledge, and a great reservoir of wisdom.

Barr Kehinde is running for the gubernatorial position of Osun State under the guiding star of the Action for Democracy; a party he says is stronger than ever. In this interview, he made governance look simpler than ABC, meticulously stating the panacea for poverty, and the roadmap to prosperity. Enjoy:

Can we meet you sir?

I am Honourable Barrister Femi Kehinde. And as the name implies, I am a legal practitioner. I have been in law practice for over 35 years. I am a native of Ile-Ogbo in Aiyedire Local Government in Iwo division of Osun state. I was born on November 3, 1959 to the family of Samuel Adebisi Kehinde and Chief Mrs. Elizabeth Wulematu Aduke Kehinde from Gbogan, who was until her passage, the Iyalode of Gbogan Land.

I started my early education in Ibadan being the son of a ‘nomadic’ police officer, and I relocated to Gbogan; where I finished my primary education at the Saint Paul’s Primary School, Gbogan in 1972. I attended Olugbo Community High school, Ipetumodu; also in Osun State between 1973 & 1977. I came out with a division 1 certificate. Thereafter, I had a brief stint at the Ibadan Polytechnic for A-level education and subsequently was admitted to the University of Ife, now Obafemi Awolowo University in 1978. I was in the Department of History for two years, between 1978 & 1980, before I relocated to the Faculty of Law where I qualified as a lawyer in 1983.

What prompted your relocation from History to Law?

Well, my father was a police man and when I was young, I had accompanied him on one or two occasions to court sessions. During my secondary school days, apart from being the best student in school; I was also very good in History, Literature, and in art subjects. My colleagues in school call me Justice; predicting my future career. When I got admission, fortunately, we were the first set of Nigerians that would sit for JAMB exam in 1978. Hitherto, what we had was concessional examination; you sit for as many exams as possible in the few universities we have then, which were not up to 10. So, when I was in History in Ife, I was elected a member of the Student Representative Council (SRC). From the SRC, some members would be appointed to the judicial council; I was fortunate to be among those that would be in the judicial council, even as a student of History. I now saw the students of Law bamboozling us with big grammar. And I said to myself, I can perform better; and I started the process transferring from History to Law.

Can we say passion prompted you?

Yes, it was passion to be a lawyer, and be like Obafemi Awolowo. As of that time, I had read the biography of Obafemi Awolowo. I saw his foray into politics, to law profession, and into journalism; and I said I want to be like Obafemi Awolowo. As a matter of fact, when I qualified as a lawyer, I did my law practice in the law firm of Obafemi Awolowo in 1984, because I looked up to him as an idol, and I see him as an iconic figure, I saw his life as worthy of emulation. Ever since, I’ve had my career in law profession. I would summarise and say History is my passion, Law is my profession, and Politics is my vocation.

31 years after Obafemi Awolowo died; did you see yourself living this status?

I believe that Awolowo’s life is exemplary; be it in conduct or in discipline; his life was patterned on self-discipline; that is how we describe his life. He is strictly principled and highly resourceful, brilliant, and if you look at his life at the age of 8, he wrote in front of his father’s house “To laugh at infirmity or deformity is nullity; that’s was the language coming from a toddler, and I believe that from that age, you begin to capture your life.

Let me give you an example of Harold Wilson; one of the best British Prime Ministers. At the age of 10, Harold Wilson went with his father to number 10 Downing Street, which is the official residence of the Prime Minister of Britain. He asked his father for a photo shot. He had a shot with his father at the age of 10 and prophetically told him that he would end-up in that house as a Prime Minister of Great Britain, and he accomplished that dream. So I saw in Awo somebody of the status of Harold Wilson. Now, it may be possible for people of our generation to match that feat, we would look at his life as a life worthy of emulation, but the attainment may not be too easy, because of the way we live today and because of the level of moral decay in the society that we are in.

This level of moral decay, can we attribute it to one of the reasons you wish to be the governor of Osun State?

Yes! When we were in the primary school there were some written write-ups that were compulsory for daily recitation. Examples are ‘Ise logun ise’, which was a poem by J.F. Odunjo, and some few others. Those were our moral pathfinders. When you want to leave your house in the morning, your parents will remind you ‘ranti omo eni ti iwo nse’ (remember the son of who you are) as if you don’t know the lineage of your parents. Those were what made us the men that we are today. You could not imagine wearing an apparel or cloth that were not bought for you by your parents, today, ladies buy handset in school for their parents. So you can see a complete departure from Nigeria of yesterday to Nigeria of today. I have written about the life of so many Nigerians; I wrote the history of Samuel Oladoke Akintola. I wrote the life; travails and challenges of Obafemi Awolowo. I’ve written about Oba Olatoro Olagbegi, that was a monarch in Iwo two times. I wrote about Oba Adetoyese Adeoye Timi of Ede land. I wrote about so many Nigerians, including the late Justice J. I. C. Taylor. I wrote about the Ibadan strong man of Politics in the 50s that is Adekofi Adegbala, and so many other Nigerians. In the course of these researches, I also took a lot from their lives and I believe with this knowledge if I get that opportunity by the grace of God to be governor of Osun state, I can right all the wrongs I have seen.

One, Awolowo as Premier did not live a flamboyant lifestyle. He did not live in government quarters; he lived in Okebola in Oke-Ado. He did not ride in an official car; he rode throughout in his own car, without dispatch riders. He did not stay in office above the official working hours, and he worked with the young and the traditional institution. In his cabinet, there were five traditional rulers that were non-portfolio ministers. His government was life in abundance; provided free education 1954; free health services; rural intervention; food and employment. Any government that provides these is certainly providing a life of comfort for the society. He has farm settlements, and those there encourage the youths to go into agriculture. There were plantations like palm oil, cocoa, rubber, cashew, etc. There was growth and development. We had oil palm factory in Okitipupa in Ogun State. Agriculture brought industrialization; these are the formula we are going to use. I am going to, by the grace of God, bring prosperity back to Osun state. We have the largest gold deposit in the entire south western part of Nigeria. But the mine is under illegal miners. We want to take very serious advantage of this opportunity by partnering with the Federal Government. We would pay fees and royalties to government, we would encourage investors to bring in equipment and we would have understanding with them in partnership. The mine deposit in Ilesha according to geological survey, IS worth about $2 billion, and the mining depth, unlike in South-Africa or Ghana, is just about 100 meters. In South-Africa, you will dig as much as 400-500 meters; in Ghana, you will go as 200-300 meters, but our mine is surfaced; you will not travel beyond 100 meters to hit the real gold. Because what they prospect now with local equipment like digger, shoves and others cannot get them the real gold, what they get are just flakes. So, we are going to leverage on this advantage. We are going to massively encourage agriculture as a business. In Osun today, Erimo part in the Ijesha area are beautiful lands for rice production. Farmers have been taken out of these farms because of disturbance from birds. We are going to synergise and partner with farmers by providing modern seedlings, fertilizer, and utilities that will drive away such nuisances from the farm land. If birds could not disturb rice production in Kebbi state, why in Osun state. We are going to have rice mills. The partnership between Lagos and Kebbi states has brought prosperity to Kebbi State. They have just bought rice mill of about N8 billion naira; no single rice mill in Osun state. We are going to massively invest in cassava, yam and coco-yam. You know cassava alone has 14 ingredients, among of which is Ethanol and Nigeria still import Ethanol. Also, we are going to encourage the tourism potential of Osun state. The Osun festival has been given a UNESCO standard and approval but have we leverage on that opportunity? On my visit to the palace of Otaoja of Oshogbo, I told him we are going to enhance tourism in the state, and ensure the river provides opportunity for boat regatta. And I am going to work on the Erimo tourist site, which is a gory sight now. I want to draw exemplary leadership from the committee of nations that are doing well.

“We would reduce wastage in government and bring the state back to God. In the entire landscape, Osun is the only state that gives holiday to traditional worshippers. We are going to massively engage our youths in gainful employment”

How do we do this? We would reduce wastage in government and bring the state back to God. In the entire landscape, Osun is the only state that gives holiday to traditional worshippers. We are going to massively engage our youths in gainful employment. The world is moving away from white collar job, we want out youths to believe in themselves, and the opportunities that are derivable in entrepreneurship. These, by God’s grace we are going to do. We are going to leverage on what we have to put smiles on people’s face.

Looking at Osun state, what do you think is lagging or lacking that would make one want to take over the leadership?

Government is continuity. I keep saying that I am not interested in the past but I am interested in the future. And whatever that is not right on the table, we are certainly going to put them right. If we begin to talk about what we see in Osun state today, for example, teachers are been owed 36 months; in the hospital there are no equipment and so many other things. We want to engage the society to bring a better day, a better future, and put smiles on faces of our people. There are about 2837 cosmopolitan communities in Osun state, the advantage of this is that there could be opportunity in co-operation; co-operative farming, co-operative society and several others. Also, it means because of that advantage you can earn a living, and we can only do this by encouraging our youths and providing them with necessary implements. If Malaysia could come to the western region to pick palm seedling, and they are now the largest exporter of palm oil in the world, then you will believe something is wrong. In Rwanda today, despite the tragedy of the civil war, they have the best airline in Africa. Parents are now withdrawing their wards from private to public schools. I had all my education in Osun state. In Osun today, there are communities that you can only access through Ilorin; you have to travel to Kwara state before they can get to these communities in the state. I don’t want to be bothered; I want to face the main thing. No government is a complete failure but what they have done that is not good, we would leverage on it and correct them.

Luckily, I am not running on their party platform because the world has moved beyond that. It is no longer the party but the person. Alliance for Democracy (AD) is the party that took me to National Assembly in 1999.

Why choose to run under an unpopular party?

I am a founding member of the AD just like Asiwaju or anybody; we all joined the party and got opportunity from that party to go to higher places. AD did not die nor was it deregistered. Some people left AD to move elsewhere like AC that metamorphoses into ACN and APC. And you will not see progressive tendency if you want to follow the idea and ideals of Obafemi Awolowo. AD exists as a party; some of our leaders did not leave the party and they are still there. It is not the size-strength of a party that wins the election. There was no Labour Party in 2007 when Mimiko picked that ticket and against all odds and permutation, he became the Governor of Ondo State. The last election in Anambra state, it was not APC or PDP that won; it was APGA. In France, Macron won the election even as an independent candidate because he left the popular party and delivered a message of new beginning; and he is today the President of France. Nobody ever gave Donald Trump a chance in the last US election. So, all powers belong to God but it is dynamism, and centre play of forces; and those forces are usually physical or spiritual. But, I am so passionate about my belief in God.

How do you want to match the likes of Aregbesola and Omisore’s candidates in terms of money?

I believe there would be interplay of forces and dynamics that would make money irrelevant. Today, with the dynamism of our youths, money is becoming irrelevant in electoral contest. I was with the Igbo community in Osun state to canvass, and they told me money has failed. When someone gives you N1000 for vote which is equivalent to 64 kobo per day, and would not give you give no good governance or drugs in our hospital. There are quite a lot of things to do.

Do you take into cognizance that you can’t do it alone; without people?

It is just one man that changed the fortune of Rwanda. It is one man – Obafemi Awolowo with good lieutenants that did all the magic including bringing the first of things like television in Africa, first stadium in Africa, first secretariat and many others. It is only one person.

How do you intend to go about bad influence in your governance?

In collective governance, there must be a shadow on everybody. Even Awolowo refused to approve one of his ministers’ bills in UK just to dissuade other ministers from coming for approval of unnecessary money. This and many others made him decisive. Also, the western region was the first to have an embassy in London, which we called Agent General; and our first agent general is Okorodudu followed by Toye Coker. Those were the beautiful days, and I want to emulate those days because they are possibilities. The Nigerian Constitution made compulsory only one minister for the executive, which is the attorney general, therefore you can decide to do away with some ministers. To cut the cost, if a minister is not doing well, one can remove him. And I am also an apostle of parliamentary democracy, because the present presidential system that we run cannot successful bring prosperity to the economy. It certainly cannot, it is expensive unlike the parliamentary where the legislature and executive are almost fused. You cannot be a minister unless you are member of the parliament. What I am saying is that the number of ministers we have would not have tasted such opportunity, because you must come from a constituency through election, and that is why we are not getting it right.  We need to erect a system that would reduce cost of running for election and I believe the modern evolution should look at it. We should have a home grown constitution; tested and authentic. We need to redefine Nigeria; we need to redefine the concept of good governance; we need to make governance less attractive as it was in the days of our fore fathers.

“I was distinguished by my level of performance in having an effective parliament. I was highly formidable in the law making process, and I think I have landmarks. I was not a docile legislator, not a sitting legislator, I was an active legislator”

What were the things that make up your score cards in the four years you spent in the House of Representatives?

In the four years, my duty mainly was representation; followed by legislation. The duty of providing fertilizers and bore-holes and others are executive functions. In the four years, I was distinguished by my level of performance in having an effective parliament. I was highly formidable in the law making process, and I think I have landmarks. I was not a docile legislator, not a sitting legislator, I was an active legislator.

Was there any particular developmental project you undertook in your constituency?

In my constituency, we had opportunities of rural electrification; and I want to say I electrified some communities in my constituency; Oburo, Asa, Iwo Oke, Ajagba and some other communities; those are all in the Iwo local government – also in Ayedire Local Government, Oke-Osun. Aside from that, I provided opportunities for foreign investment and scholarships from my little resources. And doing this, I did not contemplate a future of becoming a governor. I was doing it as a call to service and duty. I am happy today that I have a reference point and that is just being a legislator. You can imagine what one will do if I have the executive power.

By next year you will be 60; how do you see yourself running against young candidates?

I am the young candidate. I am still in my 50s; if I become governor in September, I would still be in my 50s and I believe that I am the best mid-gap between the young and the old; because I understand the language and travails of the old. And if I become governor by God’s grace, I am going to establish old people’s home, and before now I have even identified spots, unused building, public and private building that are abandoned. I want to take care of the aged because they become the most vulnerable in their old age, and unfortunately, the government is not even paying their pension not to talk of gratuity. Therefore, I have the opportunity of just living the life of the old and preparing to enter the age of 60. I still have mental faculty, I am a lawyer, writer, author, and publisher.

Photo credit: Ken Ehimen

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Koumagnon Family Pledges Unalloyed Support for Romuald Wadagni As President

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By Eric Elezuo

The Koumagnon Family and Allied Families of Seme-Kpodji, of the Republic of Benin, led by Monsieur Alberto Koumagnon, has declared their unflinching support for the candidacy of Romuald Wadagni as he steps out on Sunday to vie for the presidential seat of the Republic of Benin.

In statement of declaration, the families observed that Wadagni is propelled by a ‘vision embodied in this ambitious, realistic project, resolutely focused on the future of our country’.

The declaration is presented in full:

DECLARATION OF SUPPORT BY THE GREAT KOUMAGNON FAMILY AND ALLIED FAMILIES OF SÈMÈ-KPODJI FOR CANDIDATE ROMUALD WADAGNI

The great KOUMAGNON family and allied3 families of Sèmè-Kpodji, deeply committed to the values of peace, progress, and development, followed with particular interest the presentation, on Saturday, March 21, 2026, of the “Further Together” (Plus loin ensemble) social project by our dear candidate, President Romuald WADAGNI.

Following this important political event, and gathering on this day, 04/04/2026, we wish to express our full support for the vision embodied in this ambitious, realistic project, resolutely focused on the future of our country.

From the outset, we, descendants of the KOUMAGNON family and allied families, commend the enlightened leadership of President Patrice TALON who, faithful to his commitment to building a modern and prosperous Benin, has been able to propose to the presidential majority a competent, credible candidate who brings hope for consolidating achievements.

In this dynamic of continuity and progress, the candidacy of President Romuald WADAGNI is fully in line with the continuation of the structural reforms undertaken over several years in all sectors, particularly in infrastructure.

In this regard, we recognize and commend the many achievements of the government, especially road infrastructure, which has significantly improved mobility and living conditions for the populations of the communes of Sèmè-Kpodji and surrounding areas.

Moreover, these remarkable efforts reflect a constant determination to connect localities, stimulate economic exchanges, and sustainably strengthen the attractiveness of our territories.

Building on these achievements and firmly oriented toward the future, we are convinced of the relevance of the “Further Together” project.

Therefore, the great KOUMAGNON family and allied families of Sèmè-Kpodji give their firm, committed, and unconditional support to candidate Romuald WADAGNI, as well as to his running mate, Mrs. Mariam Chabi Talata Zimé Yérima.

In the same spirit, we call on all daughters and sons of Sèmè-Kpodji, as well as all citizens committed to peace and development in our country, Benin, to mobilize massively in support of this hopeful momentum by turning out in large numbers on April 12.

We also wish to assure our dear candidate of our commitment to mobilize widely to ensure a high voter turnout in the commune of Sèmè-Kpodji.

Together, let us continue the efforts undertaken.

Together, let us consolidate our achievements.

Together, let us go further.

Long live Benin on its path toward progress!

Long live the WADAGNI–TALATA ticket!
Thank you.

Done at Sèmè-Kpodji, on 04/04/2026

The great KOUMAGNON family and allied families

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The Billionaire Gang: The Quartet That Keeps Nigeria in Limelight

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By Eric Elezuo

With a loud ovation, Nigerians reveled at the announcement of its billionaire-quartet, Aliko Dangote, Mike Adenuga, Femi Otedola, and Abdulsamad Rabiu as among Africa’s richest individuals in 2026.

The four has constantly put Nigeria in the limelight, ensuring that Forbes is never complete without a mention of the giant of Africa, Nigeria

According to the latest Africa Billionaires ranking released by Forbes, Dangote retained his position as Africa’s richest man, with an estimated net worth of $28.5 billion. He added about $4.6 billion to his fortune over the past year, largely driven by the strong performance of Dangote Cement on the Nigerian Exchange Limited.

Telecommunications magnate Adenuga also retained his place among Africa’s billionaires.

The founder of Globacom and chairman of Conoil Producing remains one of Nigeria’s most influential entrepreneurs with diversified interests spanning telecoms, oil and gas, and banking.

Otedola, chairman of Geregu Power Plc, also featured on the list despite a slight dip in his wealth over the past year. Forbes estimates that the billionaire investor lost about $200 million following the sale of a majority stake in the power generation company at a discount to its market price.

The increase in Rabiu’s net worth was largely driven by the performance of BUA Cement, whose shares rose 135% over the past year, outperforming the broader rally on the Nigerian stock market.

The 23 billionaires on the continent are now worth a combined $126.7 billion, representing a 21% increase from 2025 after they collectively added $20.3 billion to their net worth.

Across the continent, billionaire fortunes were boosted by strong equity market performance, record corporate profits, and improving currency stability in several African economies.

South Africa remains the highest number of billionaires on the list, with seven individuals, followed by Egypt with five, Nigeria with four, and Morocco with three.

Here is a peep into the world of Nigeria’s Billionaire-Quartet.

ALIKO DANGOTE

For the President of the Dangote Group, Alhaji Aliko Dangote, and his multifaceted group, playing second fiddle has never been an option. Both the enterprise and the entrepreneur have maintained market leadership to the extent that Dangote himself has appropriated the richest man in Africa status to himself, and has hardworkingly sustained the tag for as long as anyone can remember.

Since 2014, when Forbes magazine named him the world’s 23rd billionaire, jumping 20 spots on the scale from his previous 43rd position among the elite club of the world’s richest people. Aliko Dangote has not looked back, winning back to back the accolade among African billionaires, and never slipping from the world ranking.

Again, as expected, the famous Forbes has proclaimed the soft spoken businessman as Africa’s richest man for the 12th time in a row; a proof that the name Dangote is synonymous with consistency. He is a businessman, who understands that no man rest on his oars if turnovers have to continue to turn over. With marked differentiation, he has demystified the business terrain, and proved that if it can be done, then it must done. His establishment of the humongous fertilizer and sugar plants and the ambitious refinery in Lekki, Lagos, Nigeria, are testimonies of the trajectory of one who knows his onions.

Worth $13.4 by the last Forbes ranking, which sustained him as the richest man in African for the 11th time, entrepreneur extraordinaire  has the following points to his name:

  • Aliko Dangote, Africa’s richest person, founded and chairs Dangote Cement, the continent’s largest cement producer.
  • He owns 85% of publicly-traded Dangote Cement through a holding company.
  • Dangote Cement has the capacity to produce 48.6 million metric tons annually and has operations in 10 countries across Africa.
  • After many years in development, Dangote’s fertilizer plant in Nigeria began operations in mid-2021.
  • Dangote Refinery, under construction since 2016, hit the public space since 2024, and is one of the world’s largest oil refineries, with a capacity of 650,000 barrels per day production.

The above and many has remained the factors that have made it easy for the billionaire to remain in the top echelon of world’s money men, and the supremo among African businessmen. Little wonder he is one of the few recipients of the GCON national honours reserved for top politicians of vice president ranking and top government appointees.

Born in Kano in 1957, Dangote proudly shuttles between three wonderful tags as the richest man in Nigeria; the richest man in Africa and the richest Black man in the world. He has paid his dues, and mankind is the better for it.

Releasing impacts, Aliko Dangote Foundation (ADF), the private charitable foundation of Alhaji Aliko Dangote. Incorporated in 1994, as Dangote Foundation, is saddled with the mission to enhance opportunities for social change through strategic investments that improve health and wellbeing, promote quality education, and broaden economic empowerment opportunities. 20 years later, the Foundation has become the largest private Foundation in sub-Saharan Africa, with the largest endowment by a single African donor.

The primary focus of ADF is child nutrition, with wraparound interventions centered on health, education and empowerment, and disaster relief. The Foundation also supports stand-alone projects with the potential for significant social impact.

The Foundation works with state and national governments and many highly reputable international and domestic charities, non-governmental organizations and international agencies to advance its humanitarian agenda.

In one of its biggest collaboration to date, Aliko Dangote Foundation started working in partnership with the Bill and Melinda Gates Foundation and key northern State Governments in Nigeria from 2013 to eradicate polio and strengthen routine immunization in Nigeria.

Worthy of praise is the fact that nearly a decade, the Foundation has spent over N7 Billion in the course of feeding, clothing and the general welfare of the Internally Displaced Persons in the Northeast.

To make his host communities feel at ease, and the impact of his presence, Dangote has embarked on an initiative to provide further support to improving educational systems in Ibeju-Lekki and Epe locality. The educational support initiative is a tripartite programme consisting of scholarship, capacity building for teachers and school infrastructure projects.

In addition, Scholarships have been awarded to 52 secondary school students whilst some financial support was provided to their parents and/or guardians. Tertiary students will be included in the next batch of the scheme.

Furthermore, about 100 teachers, principals and school administrators were trained in teaching techniques for the 21st century. After which they were monitored in class on how they were using the skills acquired.

There is hardly any sector that has not felt the milk of human kindness running through Aliko Dangote; the military, media, politicians, governments across boards and more.

Dangote is surely an asset to this world!

As at today, there is no space for slowing down for Dangote as he continues to trudge on, creating firsts after first for himself and for humanity. He is blessed with three wonderful daughters, who have followed the rewarding footprints of entrepreneurship, and is looking forward to hitting the richest man in the world status. And very soon too.

ABDULSAMAD RABIU 

Abdulsamad Rabiu’s consistent climb on the ladder of success has become phenomenal. The unassuming Chairman at BUA Group has become a study in entrepreneurial discipline, focus, philanthropy and intentional sacrifice. But what can actually be said of a man who has steadily evolved as one of Africa’s biggest investors, in fact, the biggest in the order of reckoning on the Nigerian Exchange. He has graciously used his BUA Foundation and the phenomenal Abdul Samad Rabiu Africa Initiative to not only affect lives, but ensured that the people of the world, especially his native Nigeria, live in better comfort. The Chairman/Chief Executive Officer, Bua Group, makers of quality cement, sugar, flour among other wonderful household items has been a epitome of enterprise. He is presently by divine and entrepreneurial orchestration one of Nigeria’s richest investor. He is also the third richest man in the Africa, by Forbes calculation behind Nigeria’s Aliko Dangote, South African billionaire, Johann Rupert.

In 2023, via a list compiled by Billionaires in Africa revealed the rankings on the Nigerian Exchange, NGX, showing that Abdulsamad Rabiu, the billionaire businessman and industrialist, overtook Aliko Dangote as the richest investor in the country, albeit temporarily.

According to data tracked by Billionaires.Africa, Rabiu’s holdings in his publicly-listed businesses on the local bourse were valued at an impressive $6.01 billion, making him the only investor with an investment portfolio worth over $6 billion then. This is a feat that can only be achieved through wholesome business acumen and dedication.

Born August 4, 1960, in Kano, to one of Nigeria’s foremost industrialists in the 1970s and 1980s, Khalifah Isyaku Rabiu, Abdul Samad Isyaku Rabiu CON is a perfect combination of many things in one.

It was in his native Kano that he kick-started his academic pursuit, carousing through elementary education with ease as a gifted child, and obtained his First School Leaving Certificate. He was later admitted into the Federal Government College, Kano, where he had his secondary education, and gradually with honours.

With a combination of fate, brilliance and determination, Abdulsamad was catapulted to Capital University in Columbus, Ohio, where he studiously studied Economics, and acquired his tertiary education before returning to Nigeria, all before his 24th birthday, to oversee his family business. He was that much sought after, and highly brilliant, and considered capable of holding fort for his father, who was being detained by the administration of General Muhammadu Buhari over matters concerning import duties.

In 1988, just after learning the ropes of entrepreneurial excellence, Abdul Samad Rabiu established BUA International Limited, for the sole purpose of commodity trading. The company followed after the footsteps of his father, and imported rice, edible oil, flour, iron and steel.

In 1990, having exhibited the character worthy of a world class entrepreneur, and the ability to execute classical projects, Rabiu’s BUA was invited by the government, which owned Delta Steel Company to supply its raw materials in exchange for finished products. This provided a much-needed leverage for the young company, and consequently expanded further into steel, producing billets, importing iron ore, and constructing multiple rolling mills in Nigeria.

Rabiu’s dexterity showed further a few years later, when the company acquired Nigerian Oil Mills Limited, the largest edible oil processing company in Nigeria, and there erupted the company’s and BUA’s influence and care over the people in the provision of affordable edible oil. His passion to see people excel in comfort has continued to make him churn out one great tiding after another, and endearing him in the hearts of the generality of the public.

A man with a vision for tomorrow, Rabiu, in 2005, started two flour-milling plants, in Lagos and in Kano, and by 2008, had broken an eight-year monopoly in the Nigerian sugar industry by commissioning the second-largest sugar refinery in sub-Saharan Africa. This was a feat only a bravest of hearts could wroth. As a result, in 2009, the company went on to acquire a controlling stake in a publicly-listed Cement Company in Northern Nigeria and began to construct a $900 million cement plant in Edo State, completing it in early 2015. Rabiu’s passion for expansion is unequalled.

BUA Group has since concentrated and excelled in manufacturing, infrastructure and agriculture and producing a revenue in excess of $2.5 billion. This is in addition to being the chairman of the Bank of Industry (BOI).

The Group, in 2019, announced plans to merge its privately owned BUA Cement with the publicly traded Cement Company of Northern Nigeria Plc (CCNN), to create Nigeria’s second largest cement producer thereby consolidating the grip on the cement market and breaking its monopolistic status.

MICHAEL ADENUGA

Michael Adenuga Jr. is one entrepreneur, who has proved over the decades that he is not the regular billionaire. He is of the stock that is not regulated by stock market figures, but by liquid cash. And that explains why his wealth and net worth supercedes whatever figures churned out by any institution, or any position he is placed in the billionaires’ list.

Adenuga is, for all intent and purpose, in a world and class of his own. This is because his business trajectory and personal philosophy are uniquely his, and therefore worthy of emulation.

Sitting atop one of the most cherished and subscribed network, Glo, Adenuga has not only inspired lives, but practically lifted not a few to enviable heights.

Known for his diverse investments in oil, gas, telecommunications, banking, construction, and real estate, Mike Adenuga notably shook up the African telecom sector with the launch of his telecommunications network, Globacom Limited (Glo), in August 2003.

Also referred to as The Guru, Adenuga is like the proverbial Iroko tree, who is unlike any other. In terms of humility, pedigree, magnanimity, wealth and portfolio of investments, he is one of a kind.

“As of Jan. 1, 2024, Forbes, the U.S.-based business magazine renowned for tracking global billionaire fortunes, estimated Adenuga’s wealth at $6.1 billion. By Dec. 31, 2024, his net worth had grown to $6.8 billion, ranking him as the 448th richest person in the world. Adenuga’s wealth is anchored in his control of Globacom, Nigeria’s second-largest mobile telecommunications and digital services provider, which boasts over 60 million subscribers,” according to Billionaires.Africa

Adenuga is fondly remembered for launching operations on Per Second Billing, thus ensuring subscribers only pay for actual time spent on a call instead of the practice of billing customers N50 per minute even when the call cuts off at just 2 seconds. It also crashed the cost of SIM card from N30,000 to N6,999 and later N100, thereby making it possible for low income earners, students and artisans to own GSM lines today. It is now one of the most recognizable brands across the continent.

Love him or hate him, you can’t fault him. He is an enigma. A definition of class, humanity, intellectual discipline and entrepreneurial acumen. He is the very epitome of when the going gets tough, the tough gets going. And of course, a reference point and research material when it comes to philanthropy. Dr. Mike Adenuga doesn’t give little or give just for giving sake. He gives to sort and solve a lasting challenge. Yes, he is Dr. Michael Adenuga Jr., ‘The People’s Billionaire,’ and without introduction, the brain behind the increasingly success stories recorded at the Globacom Group, among his many other conglomerates and subsidiaries.

Known by many appellations, such as the Spirit of Africa, a rare gem, walking kindness, moon amongst the stars, owner of wealth beyond money, the mighty oak, the man with the gift of Foresight, the Bull, Pillar of sports among a whole lot more, Adenuga’s image looms large. He appears little, and achieves so much more. Hardly seen, but gracefully and consistently felt.

Born on April 29, 1953 to Oloye Michael Adenuga Sr and Chief (Mrs) Juliana Oyindamola Adenuga, the Yeyeoba of Ijebuland, Otun Gbadebo of Ikija and Iyalaje of Ijebu-Igbo, Dr. Mike Adenuga Jnr was not a silver spoon kid, but his parents were comfortable.

The indigene of Oru, Ijebu-Igbo, Ogun State was born and schooled in Ibadan. He attended the famous Ibadan Grammar School. He had his university education in the United States. He majored in Business administration with emphasis on Marketing.

While in school, to augment the allowance sent by his parents, he worked as a cabbie (Taxi Driver), putting in many hours of work a week. This culture of back-breaking hard work shaped him for his ambitious business adventures later in life.

Dr. Mike Adenuga Jr is married to Mrs. Titi Adenuga (nee Adewale). She provides the comfort and stability that such an incredibly busy man requires. His children are Oyin, Babajide (Bobo), Paddy, Bella, Eniola, Bimbo, Sade and ‘Niyi Jnr. He also has grandchildren.

FEMI OTEDOLA

Billionaire businessman, and Chairman, Geregu Power Plc, simply addressed as Femi Otedola (CON), is a focused and determined man. He made his choice from day one, and has refused to be derailed. This explains his prolific nature in the world of entrepreneurship, which has directed his life.

One thing is very obvious before all and sundry, and that is the fact the dotting father of four adorable children is really an Epicurus son, and has no place for half measures when it comes to giving himself, his business and of course everyone around him the good life.

It won’t be forgotten in a hurry how the philanthropist spent a whopping Three Million Pounds to rent a cruise boat in celebration of his 60th birthday in 2022.

Born on November 4, 1962, in Ibadan to the family of the late Sir Michael Otedola, a former governor of Lagos State, Otedola is a definition of everything good, positive and encouraging. He has lived his 60 years representing the very essence of living, affecting lives as a philanthropist, developing careers and manpower as a businessman, industrialists and entrepreneur, and raising biological children, who has stood their own in the society. There is hardly anywhere this tall, handsome phenomenon of a personality can be faulted.

The billionaire businessman started his education at the University of Lagos Staff School before attending Olivet Baptist High School from where he was admitted into Obafemi Awolowo University in 1980. He graduated in1985. 

A former chairman of Forte Oil Plc, the Chancellor of St Augustine University, Epe, Lagos, is the founder of Zenon Petroleum and Gas Ltd, and the owner of a number of other businesses across shipping, real estate and finance. He has recently invested in power generation as part of the liberalisation of the sector in Nigeria.

The author of the bestseller, MAKING IT BIG, who has homes in Lagos, Abuja, Dubai, London and New York City has a much impressive existence since he set out to take the bull by the horns in the field of enterprise. This is as chronicled by wikipedia. In 2003, having identified an opportunity in the fuel retail market, Otedola secured the finance to set up Zenon Petroleum and Gas Ltd, a petroleum products marketing and distribution company.

As owner and chairman of Zenon, in 2004 he invested N15 billion in downstream infrastructure development and acquired storage depots at Ibafon, Apapa as well as four cargo vessels, amounting to a combined total storage capacity of 147,000 metric tonnes. The same year he acquired a fleet of 100 DAF fuel-tanker trucks for N1.4 billion.

By 2005, Zenon controlled a major share of the Nigerian diesel market, supplying fuel to most of the major manufacturers in the country including Dangote Group, Cadbury, Coca-Cola, Nigerian Breweries, MTN, Unilever, Nestle and Guinness.

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Boss Picks

The Boss Newspaper Welcomes Folu Adebayo into Its League of Columnists

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By Eric Elezuo

As The Boss Newspaper continues to gain traction, expansion and readership across the media spaces, more intellectuals are joining the long list of columnists contributing beneficial articles and information to the reading public.

The latest among The Boss columnists is AI expert, humanitarian and leading autism advocate among others, Mrs. Mofolu Adebayo.

Folu, as she is fondly called, is an AI expert, technology architect, charity founder, philantropist and autism advocate with academic backgrounds in Science, Law and Artificial Intelligence. She brings a unique perspective that combines technical expertise with lived experience as the mother of an autistic young man.

Her work focuses on the intersection of artificial intelligence, technology policy and neurodiversity, exploring how emerging technologies can improve diagnosis, support, education and long-term independence for autistic individuals.

Folu is passionate about ensuring that innovation is inclusive, and that technology is designed with neurodiverse communities in mind. Through her writing, she aims to bridge the gap between technology, policy and real-world family experiences.

Folu, who writes about the intersection of AI, society, and human potential, also explores how emerging technologies are reshaping the future of work, education, and everyday life. She is also an autism advocate and brings lived experience to conversations about inclusive and accessible technology.

She joins eminent columnists already in the fold of The Boss Newspaper.

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