Headline

Pendulum: My Early Permutations on 2023 Presidential Election

Published

3 years ago

August 27, 2022

Eric

By Dele Momodu

Fellow Nigerians, let me make a few clarifications before going into the nitty-gritty of this epistle.

Today, I’m wearing two caps on this page. I’m a journalist as well as a politician. I have been both for decades, although I remain pre-eminently a journalist. Also, I have been a non-partisan politician for a long time until recently. Even then I have seen it fit to support candidates from the two mainstream political parties depending on the capacity and performance of the ruling government party. Since this is my column, it is expected that it will reflect my personal opinion and not that of any other person. This has always been the case although my opinion may sometimes be shaped by not only the voracious reading culture that I have made the mainstay of my career as a journalist but also the wide consultations and interactions that I continue to have both as a journalist and politician. And opinions can oftentimes be subjective, although I try to be as objective and fair as possible. I am aware that even objectivity and fairness can be relative, but they are standards one must strive to attain, maintain and exist by in life. Equally importantly, I am also brutally frank and open to self-criticism at all times.

Going on to my early permutations for the 2023 Presidential race, let me state categorically that I have at least six good friends in the race, namely, Mr Abdul-Lateef Kolawole Abiola, Asiwaju Bola Ahmed Tinubu, Alhaji Atiku Abubakar, Mr Omoyele Sowore, Mr Peter Obi and Alhaji Rabiu Musa Kwankwaso. All six of them are eminently qualified to lead our country Nigeria. They all have distinctive personal characteristics and attributes which enable each of them to be individually considered strong candidates for the position of President. However, each of them cannot be considered in isolation. They must be looked at from the viewpoint of Party, background and relationships. I must therefore establish some methodology for my assessment of what would determine the ultimate winner of the 2023 Presidential contest.

In present day Nigerian Presidential elections, there are certain major factors at play. These factors have become majorly important given the prevailing circumstances in the country particularly those of agitations for restructuring and secession, insecurity, failed economy and poverty, gross unemployment, infrastructure deficit and decay, educational maladministration and maladjustment and parlous health services. These major factors include the following:

One. There were usually two mainstream political parties. In 2023, they will be APC and PDP. A third force is still warming up as a major challenger, especially in the Southern regions. It is not yet known how much power it can garner and galvanise in the coming months. That is the Labour Party. In all honesty, that is as far as my third eye can see for now. I apologise therefore to my three other friends in what I call fringe parties, namely, Kola Abiola, Rabiu Kwankwaso and Omoyele Sowore. Kwankwaso has a chance of doing much better than the other two because of his popularity in the massive electoral cauldron that is Kano State. He also has some following in the North, but I still do not see him making such an inroad as to garner more than 3-5% of the total votes cast.

Two. Ethnicity, or what is called the race factor in the United States of America, will play a major part in 2023. A lot of Nigerians have seen the ethnic factor play out by a division of the country into three large parts, the monolithic North, the South West Edo and Delta States, and an amalgam of the other South South States and the South East States. On my part I do not see a monolithic North as well. The Middle Belt including Kwara and Kogi States have been much maligned and marginalised in this respect. Yet they have their own strong force and voice. I will break down its beneficiaries in the next few paragraphs.

Three. Religion will play a significant role in 2023. We have already seen how this has become a major thorny issue due to APC’s decision to present a Moslem/Moslem ticket. It is also frontloaded as a major factor because of the prevailing distrust and insecurity that is all pervading in the country. This used to be largely a Northern thing with grave vicious violence being unleashed upon one another by Moslems and Christians alike. However, this distrust, and insecurity, has spilled over into the South and is part of the reasons why agitations for restructuring and self-determination have risen to a crescendo.

Four. Money. This has always been a major player in determining who succeeds to the Presidency of the country. The ruling Party has always had an advantage in this area. For starters, as of June 2021 there were almost 180,000 polling units in Nigeria. It is not unusual for additional polling booths to be created a few days to the election. What is constant is that every serious political party has to have at least one agent at each polling unit and these polling agents need to be adequately remunerated and provided with all necessary logistic material to ensure effective and efficient return as a party polling agent. To man all these Polling stations will need at over N20 billion by my reckoning and that is being on the cheap side. Loads of cash will therefore be needed by all of the contestants.

Five. The Buhari factor. The Federal Government is too powerful as it controls INEC, Police, Army other security agencies, even the Central Bank and so on, to a large extent. This is a major tool for any government which is unwilling to give up the stranglehold it has on power, particularly when it realises that the populace is thoroughly dissatisfied with its performance.

Let me now take you on a tour de force of what you should expect to see next year.

From my crystal ball, I can foresee a straight fight between APC and PDP candidates. In this round one, APC candidate, Asiwaju Bola Ahmed Tinubu seems to be at an advantage. His party is currently in power and controls all the appurtenances of government. Nevertheless, the strength of APC is also its main weakness. After eight years of monumental failure in office, it has lost most of the attraction that brought it to power in 2015. Its victory in the 2019 Presidential elections is still controversial till this day. Nigerians may wish to punish APC for its terrible performance which has not only seen them more impoverished but also more insecure and afraid for their very lives. Tinubu’s case is worsened by the fact that he has a dilemma in being unwilling to distance himself from this government’s policies which have failed the people so woefully because of the fact that this will be seen as wilting criticism of the Buhari administration. The withdrawal of the support of Buhari apparently still sends shivers down the Tinubu camp.

On the issue of ethnicity, this may be the major clincher in the race. There are two Southern contenders in the Presidential election. The major Southerner is the former Lagos State Governor Asiwaju Bola Ahmed Tinubu, and to a lesser degree, the other Southerner is former Anambra State Governor, Mr Peter Obi. My brothers and friends, Kola Abiola, and Omoyele Sowore, both Southerners as well, have little say in this battle royale which the 2023 Presidential election portends. The principal challenger for Tinubu and Obi will be former Vice President, Alhaji Atiku Abubakar. In the South East, I believe that the Igbos are likely to back their son, Obi and the Labour Party for the most part. Obi’s Anambra State is a hybrid State presently controlled by APGA. The State does not have a serious Presidential candidate contender. It is noteworthy, that the South East has traditionally been a veritable stomping ground for the PDP. The Party presently controls Enugu and Abia States. This is not likely to change too much, and the PDP may win or come a close second to the Labour Party. Notwithstanding the fact that APC has made some inroads into the South East by virtue of the fact that it controls two States, Imo and Ebonyi, one of which it does by virtue of the defection of the Governor, I still feel that it will come a distant third. My opinion is that the Labour Party is likely to take the lead with about 45 to 50 percent of the total votes cast in the South East because of the Obi factor, even though it presently has no showing in that region at the moment. Atiku will follow with about 30-35 percent and Tinubu 15-20 percent.

In the South South, Atiku will take the chunk of votes because these have always been predominantly PDP States, although in some States like Rivers, Delta and Edo, the crisis in the Party may cause the PDP to lose votes some of its normal votes, if not quickly resolved. Similarly, the defection of Governor Ayade of Cross River State may also cause the PDP’s margin of victory in the Zone to shrink, especially in Cross River State. My belief is that the Zone is guaranteed for Atiku because his Vice-Presidential candidate, Dr Ifeanyi Okowa of Delta State, comes from this zone. There are usually huge votes from here, although these were emasculated in 2019. PDP is likely to record up to 60 percent in most parts, if Governors Nyesom Wike, Ifeanyi Okowa, Udom Emmanuel, Douyi Diri, Godwin Obaseki and other party loyalists give their all. If the Party’s crisis in the zone is allowed to fester and worsen, the PDP may get no more than 50%. The rest will be split between APC and Labour with APC taken between 20 and 30% depending on how the PDP intra Party mess develops.

The South West will be extremely dramatic, and the results may be very shocking. APC controls four States here, Lagos, Ogun, Ekiti and Ondo and PDP, two States, Oyo and Osun.
While Tinubu will definitely win Lagos, his margin of victory may be reduced by the popularity of both Obi and the mass grassroots mobilisation of the PDP Gubernatorial candidate, Mr Olajide Adediran, aka Jandor. This is the only State in the South West that may feature three strong contenders. The Igbo population in Lagos and the EndSars Movement will favour Peter Obi more than it will favour Atiku. The other South West States will witness a tough battle between Asiwaju and Atiku with Tinubu holding the sway because he is a Yoruba man.

Now, let’s move to North Central and start with Kwara and Kogi States. The Saraki factor will help PDP in Kwara. The former Senate President has obviously regained his bounce especially because of the perceived frugality of the incumbent governor, Abdulrahman Abdulrazaq. This may give Atiku a major edge over Tinubu here. Kogi may be tougher to win for Atiku because of the young Governor, Yahaya Bello, an APC stalwart, but the two parties will run almost neck and neck. Obi is unlikely to feature significantly in these two States. Plateau State is an APC State but with the Muslim/Muslim brouhaha, APC will face an uphill task because this is a major Christian State in the North. PDP is in charge in Benue and again the Muslim/Muslim ticket of APC is highly contentious here and will swing even more votes to PDP. I feel that most of the Northern Christians may support Atiku for having a more balanced ticket. Though I understand that some people in these parts of the North Central are tempted to consider Peter Obi, but their leaders are reaching out to them and telling them not to waste their votes. Niger and Nasarawa are presently controlled by APC Governors. Obi will not feature in these States. It will therefore be a straight fight between Atiku and Tinubu, with Tinubu winning more than 60% of the votes in Niger State and no more than 55% of the votes in Nasarawa State based on the incumbency of the APC Governors countered by the Atiku factor.

The North East will be very interesting. Many pundits are wondering why Tinubu chose a Kanuri man, Kashim Shettima, from Borno State, as running mate and not someone from the largest voting zone in the North West. Well, as an experienced politician, he probably knows what we don’t know. The PDP candidate, Atiku Abubakar, is a Fulani man from Adamawa, a North Eastern State. The North East has not produced a Nigerian President in a long time and the crave for one favours Atiku sentimentally. I know Atiku will do much better than he did in 2019 because the Buhari factor is absent. And in any event Buhari has performed abysmally. This may spread to Bauchi, a major PDP State, as well as Taraba State which is also a PDP State. I believe that there will be some swing towards Atiku in Yobe State although the State is a prominent APC State now and Shettima’s Kanuri influence will help the APC ticket here. The race will be hotly contested but the result will still be a victory for Tinubu though the margin will be slimmer when contrasted with the massive victory for Buhari and APC in 2019.

The king of voting in Presidential elections remains the North West which is the largest voting bloc in Nigeria. It is almost impossible to become President of Nigeria without winning big in this region. The State of Kano takes the cake in this respect. Kano State alone could close almost any margin that a Presidential candidate is bringing from other Zones. Despite being an APC State with a strong Governor in Umar Ganduje, Atiku Abubakar may likely lead others, namely Tinubu and Kwankwaso, because of his Fulani lineage and heritage. Blood, they say is thicker than water. Having said that Kano is predominantly a Hausa and not Fulani State and this should augur well for Tinubu. What is clear is that Tinubu definitely needs Kano, like a million dollars lifeline, to borrow that popular proverbial cliche. To this end he has worked assiduously to build bridges in this State and other North West States. This is one of the primary reasons that he won the APC Presidential Primaries, and he still count on the people of Kano to vote for him against the Fulani, Atiku Abubakar. In fact, the three Ks of Kano, Kaduna and Katsina are absolutely needed for victory by any Presidential candidate. Kaduna is a bit tricky because of its preponderance of Christian population, but Nasir El-Rufai is a strong no-nonsense APC stalwart who will want to deliver massively for his Party. Sokoto, is a major PDP State and Tambuwal has shown deep loyalty to Abubakar and his cause. Atiku will win easily here. Zamfara and Kebbi States are under the control of APC, but Atiku’s cultural affinity may give him some edge in these two States but maybe not too much as to give him overall victory, which still seems likely to go to APC in these two States, if the 2019 results provide some indication although again, the Buhari factor will reduce APC votes here as in other core Northern States as he is not on the ballot….

I will be back with more updates in the coming months…

Up Next

Voice of Emancipation: Transformation Through Yoruba Nation (Pt. 5)

Don't Miss

Adding Value: Time to Develop Yourself is Now by Henry Ukazu

Click to comment

Headline

Behold the First Ever American Pope, Robert Francis Prevost

Published

3 days ago

May 9, 2025

Eric

Robert Francis Prevost, the first pope from the United States, has a history of missionary work in Peru but also a keen grasp of the inner workings of the Church.

The new Leo XIV, a Chicago native, was entrusted by his predecessor Francis, to head the powerful Dicastery for Bishops, charged with advising the pontiff on new bishop appointments.

The sign of confidence from Francis speaks to Prevost’s commitment as a missionary in Peru to the “peripheries” – overlooked areas far from Rome prioritised by Francis – and his reputation as a bridge-builder and moderate within the Curia.

The 69-year-old Archbishop-Bishop emeritus of Chiclayo, Peru, was made a cardinal by Francis in 2023 after being named Prefect of the Dicastery, one of the Vatican’s most important departments — and a post that introduced him to all key players in the Church.

Vatican watchers had given Prevost the highest chances among the group of US cardinals of being pope, given his pastoral bent, global view and ability to navigate the central bureaucracy.

Italian newspaper, La Repubblica, called him “the least American of the Americans” for his soft-spoken touch.

His strong grounding in canon law has also been seen as reassuring to more conservative cardinals seeking a greater focus on Theology.

Following Francis’s death, Prevost said there was “still so much to do” in the work of the Church.

“We can’t stop, we can’t turn back. We have to see how the Holy Spirit wants the Church to be today and tomorrow, because today’s world, in which the Church lives, is not the same as the world of ten or 20 years ago,” he told Vatican News last month.

“The message is always the same: proclaim Jesus Christ, proclaim the Gospel, but the way to reach today’s people, young people, the poor, politicians, is different,” he said.

Born on September 14, 1955, in Chicago, Prevost attended a Minor Seminary of the Order of St Augustine in St Louis as a novice before graduating from Philadelphia’s Villanova University, an Augustinian institution, with a degree in Mathematics.

After receiving a masters degree in divinity from Chicago’s Catholic Theological Union in 1982, and a doctorate decree in canon law in Rome, the polyglot joined the Augustinians in Peru in 1985 for the first of his decade-long missions in that country.

Returning to Chicago in 1999, he was made provincial prior of the Augustinians in the US Midwest and later the prior general of the order throughout the world.

But he returned to Peru in 2014 when Francis appointed him as apostolic administrator of the Diocese of Chiclayo in the country’s north.

Nearly a decade later, Prevost’s appointment in 2023 as head of the Dicastery came after Canadian Cardinal Marc Ouellet was accused of sexually assaulting a woman and resigned for age reasons.

The Vatican later dropped the case against Ouellet for insufficient evidence.

Prevost also serves as president of the Pontifical Commission for Latin America.

Headline

Remembering Ife’s 50th Ooni, Oba Sijuwade Okunade

Published

6 days ago

May 6, 2025

Eric

By Eric Elezuo

10 years after the death of one of the most cosmopolitan monarchs Nigeria has produced, His Imperial Majesty Oba Okunade Sijuwade, Olubuse II CFR, family, friends and the traditional institutions are gearing up for a mother of all remembrance and memorial ceremony. Oba Okunade Sijuwade is the 50th Oni of Ife.

On Tuesday, at the elaborate Civic Centre, in the heart of Victoria Island, stakeholders and people of interest, gathered to inform the public through the media, veritable steps being taken to honour the progeny of Oduduwa and until his death in 2015, the prime custodian of the Yoruba tradition.

According to the invitation to the media briefing, organizers noted that the events are being held in conjunction with the National Council of Traditional Rulers under the Chairmanship of His Imperial Majesty, Oba Adeyeye Ogunwusi, Ojaja II, Ooni of Ife CFR and His Eminence Sultan Sa’ad Abubakar, the Sultan of Sokoto CFR.

In his address, the Curator and Consultant for the 10th year Memorial Celebration of His Imperial Majesty, Oba Okunade Sijuwade, Olubuse II, Dr. Oludamola Adebowale, described the event as a decade of legacy, while noting as follows:

“A Decade of Legacy: 10th Year Memorial Celebration of His Imperial Majesty, Oba Okunade Sijuwade, Olubuse II.

“At a press briefing held at the Civic Centre in Victoria Island, Lagos, the family of the late Ooni of ile-Ife, His Imperial Majesty Oba Okunade Sijuwade, Olubuse II, unveiled a series of cultural, intellectual, and commemorative events marking the 10th anniversary of the revered monarch’s passing. The Programme is a tribute to his enduring legacy as a custodian of culture, a bridge-builder across Nigeria, and a global advocate for African heritage.

“Organized in partnership with the National Council of Traditional Rulers of Nigeria, the memorial activities are spearheaded by the Co-chairmen of the Council, Ooni of Ife, His Imperial Majesty Oba Adeyeye Enitan Ogunwusi, CFR, Ojaja II, alongside His Eminence, Alhaji Muhammadu Sa’ad Abubakar, CFR, the Sultan of Sokoto.

“A key highlight is a Three-State Inter-School Debate Tour featuring students from King’s College, Lagos; Abeokuta Grammar School; Oba Sijuwade’s alma mater; and Oduduwa College, Ile-Ife. The theme, “Traditional Governance vs. Modern Democracy: Which Best Preserves Cultural Heritage?’ invites students to explore the relevance of indigenous leadership in today’s world. The final debate presentation will be held on July 25, 2025.

“Another major feature is the Grand Memorial Exhibition, showcasing rare photographs, personal items, and archival materials from Oba Sijuwade’s life and reign—many being displayed publicly for the first time. The exhibition features collections from the National Archives of Nigeria, the UK National Archives, Horniman Museum & Gardens (UK), and the African American Research Library and Cultural Center (Florida), home of the Dr. Niara Sudarkasa Collection and also the Sijuwade Personal Collection.

“The exhibition is curated by renowned cultural historian and archivist Dr. Oludamola ADEBOWALE.

“A national symposium titled “Unifying and Securing Nigeria’s Future Through Traditional Institutions” will gather traditional rulers, scholars, and policymakers to examine the evolving role of indigenous leadership in peacebuilding, national identity, and governance.

“The grand finale of the memorial will take place in Ile-Ife, the cradle of Yoruba civilization. It includes a church thanksgiving service and solemn prayers at the late Ooni’s mausoleum—concluding the memorial in dignity and grandeur.

“Looking ahead, the Sijuwade family announced a series of legacy projects, including:

– A Nubian Jak Blue Plaque at his former London residence, recognizing his global impact in cultural diplomacy.

– The launch of a commemorative book detailing his life, leadership, and international engagements.

– The development of the Oba Okunade Sijuwade Memorial Hall and Museum in Ile-Ife to preserve his legacy and Yoruba heritage.

“This far-reaching initiative reflects the far-sighted vision of Oba Okunade Sijuwade—an imperial figure whose reign was defined by grace, wisdom, and an unwavering commitment to cultural excellence. These legacy projects are not only tributes to his memory but enduring pillars that will continue to inspire future generations in Nigeria, across Africa, and throughout the global diaspora. Through them, the timeless values he embodied—dignity, unity, heritage, and leadership—will live on, shaping a future deeply rooted in the strength of tradition and the promise of progress.

OBA OKUNADE SIJUWADE (1930 – 2015)

According to accounts obtained from Wikipedia, the life and times of Oba Sijuwade is captured as follows:

Born January 1, 1930, Alayeluwa Oba Okunade Sijuwade CFR, was the 50th traditional ruler (or Ooni) of Ife from December 6, 1980 to his death on July 28, 2015. He reigned for 35 influential years, taking the regnal name Olubuse II. His installation ceremony was attended by the Emir of Kano, Oba of Benin, Amayanabo of Opobo and Olu of Warri, as well as by representatives of the Queen of the United Kingdom.

Sijuwade was born to the ruling House of Sijuwade which is a fraction of the Ogboru ruling house, Ilare, Ile-Ife. His paternal grandfather was Ooni Adelekan Sijuwade – Olubuse I the 46th Ooni of Ife who ruled from 1884 – 1910. While his father was Omo-Oba Adereti Sijuade (1895 – 11 May 1949) and his mother was, Yeyeolori Emilia Ifasesin Sijuwade (nee Osukoti Adugbolu), from the town of Akure. He was a Christian and in November 2009 he attended the annual general meeting of the Foursquare Gospel Church in Nigeria accompanied by 17 other traditional rulers. He declared that he was a full member of the church and said all the monarchs who accompanied him would now become members. At his birthday celebration two months later, the Primate of the Anglican Communion described Sijuwade as “a humble monarch, who has the fear of God at heart”.

Oba Okunade Sijuwade or Prince Okunade Sijuwade as he was then called started his elementary education at Igbedin School, Abeokuta from where he proceeded to Abeokuta Grammar School under the governance of the well-known educationalist Reverend I O Ransome-Kuti, who was the principal of the school. Upon leaving Abeokuta Grammar School, Oba Okunade Sijuwade transferred to Oduduwa College in Ile-Ife before attending Northampton Technical College in the United Kingdom to study business management.

He worked for three years in his father’s business, then for two years with the Nigerian Tribune, first as a reporter then a sales executive before going to university.

By the age of 30, he was a manager in A.G Leventis, a Greek-Nigerian conglomerate. In 1963 he became Sales Director of the state-owned National Motors in Lagos. After spotting a business opportunity during a 1964 visit to the Soviet Union, he formed WAATECO a company to distribute Soviet-built vehicles and equipment in Nigeria, which became the nucleus of a widespread business empire. He also invested in real estate in his hometown of Ile Ife. By the time Sijuwade was crowned Ooni in 1980 he was already a wealthy man.

Shortly after becoming the 50th Ooni of Ife, Oba Okunade Sijuwade founded Sijuwade Group, which he was the chairman of. The conglomerate operates in several sectors including oil and gas, infrastructure, real estate, industrials, and hospitality. The company holds partnerships with several multinational companies such as Centrica, Equinor (formerly Statoil), CCC, Eser and RCC (Reynolds Construction Company) and has executed over $2 billion worth of contracts and projects in Nigeria.

When Sijuwade became Ooni of Ife in December 1980, he inherited an ongoing dispute over supremacy between the obas of Yorubaland. In 1967 a crisis had been resolved when Chief Obafemi Awolowo was chosen as the leader of the Yoruba. In 1976 the Governor of Oyo State, General David Jemibewon, had decreed that the Ooni of Ife would be the permanent chairman of the State Council of Obas and Chiefs. Other Obas led by the Alaafin of Oyo, Oba Lamidi Adeyemi said the position should rotate. The dispute calmed down when Osun State was carved out of Oyo State in August 1991, but ill will persisted.

Towards the end of 2009 a more local dispute between the Ooni, the Awujale of Ijebuland and the Alake of Egbaland was finally resolved. Sijuwade traced the dispute back to a falling out between Obafemi Awolowo and Ladoke Akintola during the Nigerian First Republic, which had led to a division between the traditional rulers.

In February 2009, Sijuwade helped mediate in a dispute over land ownership between the communities of Ife and Modakeke, resolved in part through the elevation of the Ogunsua of Modakeke as an Oba. The new Oba, Francis Adedoyin, would be under the headship of Oba Okunade Sijuwade.

Oba Okunade Sijuwade had 4 wives and 20 children in total. His wives were:

Yeyeluwa Oyetunde Sijuwade, Oba Okunade Sijuwade’s first wife and the first Yeyeluwa of Ife. She was the mother to Prince Adetokunbo Sijuwade.
Olori Morisola Sijuwade, Oba Okunade Sijuwade’s second wife and the second Yeyeluwa of Ife from 1986 after Yeyeluwa Oyetunde Sijuwade’s death.
Olori Oladunni Sijuwade, Oba Okunade Sijuwade’s third wife and the daughter of the very popular politician Chief Adedamola Harold-Sodipo.
Olori Odunola Sijuwade, a princess of Ila-Orangun and the daughter of the revered Ila-Orangun, Oba William Ayeni.

According to Forbes Oba Okunade Sijuwade was the third Richest King in Africa. He also owned several residentials properties in Nigeria and the United Kingdom including Chester Terrace, Grosvenor Square, and a country home in Burnham, Buckinghamshire. In the 80’s, shortly after Oba Okunade Sijuwade became the Ooni of Ife, he visited President Rajiv Gandhi of India and King Fahd Al Saud of Saudi Arabia at the invitation of both countries to foster friendly relations between them and Nigeria. Few years later as Ooni, he visited Japan to meet Emperor Akihito along with Emir Ado Bayero of Kano.

Activities are expected to kick off in mid June 2025, and terminate late July, 2025.

Headline

Mike Adenuga @72: A Life of Impact, Sacrifice, Love and Unending Philanthropy

Published

2 weeks ago

April 28, 2025

Eric

By Eric Elezuo

Who’s making more impact than him!

Who has more love for Nigerians and fellow human beings than him?

Who has made more sacrifice for humanity that him?

Whose act of philanthropy is compared to his?

None, and absolutely nobody!

It is coincid3nce therefore, that the birthday of Nigeria’s most prolific giver, Dr. Mike Adenuga Jr. GCON,CSG, CdrLH, the ebullient Chairman of one of the most subscribed network, Glo, is always the most cherished time of the year among lovers of good things. And here we are again as the pride of Africa turns 72!

And of course, there is no better time than now when the entire world stands in awe and admiration as he takes two years into the great septuagenarian cadre to share the story of his inspirational, audacious and tenacious existence. Yes, the world’s major philanthropist is 72.

Known as the Spirit of Africa, Adenuga’s story is better felt than told, better expressed than imagined. Well known but hardly seen, his story is the kind that will be so legendary that an -ism will be added to his name because his business trajectory and personal philosophy are uniquely his-and therefore worthy of emulation.

Some call him The Guru, others refer to him as the The Bull or most recently, the Spirit of Africa, one thing is sure, 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.

In any area of business that he plays, he almost always makes significant impact and the facts are there for all to see.

When the Federal Government decided to give indigenous businessmen licences in the dollar-denominated but capital-intensive upstream oil sector, Adenuga was one of those who applied.

Unlike others who sold their licences for quick bucks, Adenuga, the visionary, decided to go into full scale prospecting and exploration. The gamble paid off as one of the wells that was being drilled struck oil, making his company, Consolidated Oil, the first indigenous Nigerian company to discover oil in commercial quantity.

Ever since that historic event of Tuesday, December 24, 1991, he had popped many bottles of choice champagnes and sipped some bottles of exotic cognacs to celebrate the execution of many mega deals.

Despite his success, Adenuga believes business must have a human face, it must add value, it must have an impact and ultimately, be socially responsible. These are some of the core values that he considers before throwing his money into any investment.

That is not all, he also firmly believes that the world is a field of battle and you must prepare to win, not some time but all the time. He’s a mountain climber like the Tibetan Monk, who believes that you must survive all odds to get to the top.

Incredible tales have been told about his amazing capacity for work. He is known to sleep very little when there is work to be done and he expects his staff to imbibe the same work ethic. Though generous, he is said to have zero tolerance for incompetence or sloppiness. With him, you must be on your toes every time.

It is therefore no surprise that his targeted investments and the grace of God Almighty have placed him well ahead of the authentic list of billionaires. His never-give-up spirit is well known and it is this force that has driven him to achieve feats many mortals will think are impossible.

In the entire continent of Africa, Dr. Mike Adenuga is in a class of his own-and therefore, it is inconceivable to actually put him in the same sentence or list as any of the others. He is without any shadow of doubt, Africa’s hidden treasure.

The reason is simple: Unlike many others whose worth can be calculated via their listed companies and assets, Adenuga’s intimidating wealth is usually in the realm of speculations, they are mostly privately-owned- which is reason he is usually given any position that meets the fancy of the publications.

Truth be told, Adenuga has no rival. He is a symbol of endurance, entrepreneur extraordinaire and self-made business titan who is certainly one of the wealthiest black men in the world.

HIS EARLY LIFE

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.

HIS FAMILY

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. This close knit family members will be the ones around him today as he celebrates his birthday.

HIS BUSINESSES

As soon he finished his studies in the United States, Dr. Mike Adenuga Jr. returned to Nigeria. His mother was into business, and it was under her tutelage that he began trading. It is probably because of the tremendous impact that she had in his life as Business Adviser that he adored her so much. Before she passed on in 2005, he dotted on her.

Dr. Adenuga Jr, who is the youngest of his parent’s five children, began by selling removable car stereos. Probably sensing his business acumen, he was allowed to run the family saw mill factory in Ogun State.

He began to steadily grow the business. First, he went into the importation of saw mill equipment, then veered into importation of beer eventually hitting it big with his importation of lace.

Recounting those early days, the businessman extraordinaire said he was returning home from a trip in the United States when he missed his British Airways flight and had to fly Swiss Air. On that flight ,he was lucky to sit next to the owner of one of the biggest lace manufacturing companies in Austria.

He, it was, who convinced him before the flight touched down to give lace importation a shot. He took this advice and the reward was good. Later, he also went into tomato puree and vegetable oil. He was a sort of Jack of all trades and master of all. By the age of 26, he was already a millionaire.

As he grew older with more financial muscle, he decided to streamline his operations and look for investments in key sectors of the economy to concentrate on. That was how he began to structure the Mike Adenuga Group where he is Chairman.

When General Ibrahim Babangida decided to break the monopoly of foreigners in the oil industry and encouraged Nigerians to participate, Adenuga was one of those who took up the challenge.

His company, Consolidated Oil applied for and was granted some oil blocs. It was a very risky decision and even his mother advised him against it. He spent over $100 million on evaluation, interpretation and drilling. His courage and tenacity paid off when Consolidated Oil became the first Nigerian company to explore, discover and produce oil in large commercial quantities. Now called Conoil Producing Limited, it is currently the leading indigenous oil and gas exploration and producing company in Africa.

Years later in year 2000, he bought over the moribund National Oil and Chemicals Company (NOLCHEM), taking over the government’s majority shares. He has since injected fresh funds into the company and rechristened it Conoil Plc.

Conoil Plc has over 450 retail outlets all over the country and is the acknowledged leader of development in modern retail outlets such as mega stations and non-space pumps in new-look retail outlets. It is the market leader in aviation fuels.

Adenuga’s most ambitious project yet is in telecommunications. His company, Globacom is the Second National Operator in the country. The first is the government-owned NITEL. It is obvious that with Globacom, Adenuga is not interested in short-term profit, he is there for the long haul and of course, his desire is to give Nigerians and Africans world class telecommunication services.

When he launched the network, he was two years behind the others, Adenuga’s entry strategy was to be innovative and aggressive. He waged a price war, democratized and demystified telephone services. Today, the ultimate risk taker has taken Globacom from the nadir to the zenith of the industry.

Glo was the only operator in Africa to launch its operations on the superior 2.5G network which enabled the convergence of voice, data and multimedia technologies.

But more importantly, it launched 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.

The network currently has over 60 million subscribers, and is the most preferred network in Nigeria, with a vast network of already laid fibre crisscrossing all parts of the country.

The Globacom network comprehensively covers over 400,000 communities, all the 36 states and all major highways. Globacom has highly successful subsidiary networks operating in other West African countries.

Reputed to be very hands-on in the operations of his businesses, Dr. Adenuga, whose daughter, the cerebral Mrs. Bella Disu is the Executive Vice Chairman, Globacom, still gets briefs on the day-to-day running of his business empire.

Glo 1 – This is the only solely-owned high capacity submarine cable with connection to the USA and running from the UK through African and European countries. It has been and continues to be a huge commercial success at the heart of the socio-economic development of Nigeria.

It is remarkable that it is a Nigerian company that has pulled off this ambitious project. One of Adenuga’s close associates said the idea of building a submarine cable berthed when the entrepreneur went on a business trip to Paris, the French capital, sometime around 2008.

While there, he found out that telephone calls to Nigeria were epileptic unlike the connection between France and other parts of Europe. When he made enquiries about what could be done to solve the problem, he was told it was to have an international submarine cable. There and then, Dr Adenuga decided to build Glo 1, and the rest is now history. The project is a testament to the entrepreneurial spirit and foresight of ‘The Guru’.

Dr. Mike Adenuga Jr also has vast holdings in the banking, real estate and infrastructure sectors of Nigeria.

It is not hard to imagine that Adenuga is the richest man in Nigeria, and indeed Africa, and of course when one quantifies wealth in terms of liquidity, and not stocks. He is unmatchable.

HIS SUPPORT FOR SPORTS

His passion for giving is not only personal, the culture has also been imbibed by his companies especially Globacom. Through Globacom, he became the biggest supporter of football in Africa.

For so many years, the company supported the development of Nigerian sports through the sponsorship of the Nigerian Premier League and the national football teams of Nigeria when no other corporate organisation wanted to touch the assets.

Globacom spent billions of naira in developing the Nigerian league and clubs, and this culminated in Enyimba Football Club winning the prestigious Champions League twice in a row, while the Super Eagles won the Nations Cup in 2013.

In that same 2013, the company signed a N1.9 billion deal with Nigeria’s league Management Committee. The company also did same for other associations and major leagues in Africa.

Dr. Mike Adenuga Jr. also started a football revolution with the sponsorship and transformation of the yearly Glo/CAF Footballer of the Year Awards. He is the undisputed pillar of sports in Africa.

HIS GIANT STRIDES IN CULTURE AND CREATIVE INDUSTRY

Nigeria’s entertainment industry has also received a massive boost through Adenuga’s love for the arts expressed through Globacom.

No company in the nation’s private sector in the last two decades, has consistently invested largely in Nigeria’s entertainment industry like Globacom Limited.

Adenuga’s vision is reflected in Glo’s youth-driven ecosystem. There is no strata of Nigeria’s entertainment industry that you will not find the signature of Glo on it: from music to acting to comedy to sports, etcetera, the list is long.

Glo has come to be regarded as a network of stars. No corporate organization has had the kind of constellation of entertainment heavyweights as it brand ambassadors as Globacom. All through the years, the cream of the country’s musicians, footballers, literary icons, actors, actresses and comedians have either be signed on as brand ambassadors or featured in the company’s commercials.

Some celebrities who have graced Glo’s Hall of Fame include: King Sunny Ade, Ebenezer Obey, Osita Osadebe, Oliver d’ Coque, Prof Wale Soyinka, Yusuf Maitama Sule, Nelly Uchendu, Onyeka Onwenu, D’Banj, MI Abaga, PSquare. Others are Rita Dominic, Ini Edo, Juliet Ibrahim, Matter Ankomah, Davido, Wizkid, Flavour, Gordons, Basketmouth, I go Dye, Teniola, Brother Shaggi, Mikel Obi, Victor Moses, Osaze Odemwingie, Joselyn Dumas, Michael Essien, Anthony Joshua, etcetera.

The most recent in the list of Glo’s ambassadorial list is Ime Bishop Okon, better known as Okon, a favourite comedian among entertainment buffs.

While the commercials that featured these stars helped to market the Glo brand and make it a household name, the partnership benefited these celebrities very well as it served as strategic public relations for their individual brands and its attendant financial gains.

So far, no corporate organization has touched the lives of these celebrities like Glo. The advent of Glo has really been a blessing to celebrities in the industry and beyond. The most interesting factor is that Glo is still in the business of investing in the industry despite excruciating economic realities in the country.

Nigeria is a reservoir of talents when it comes to entertainment, and it seems Dr. Mike Adenuga Jnr. understands the nitty-gritty of talents discovery, and spotting hidden treasures, especially as it effects the youths.

This explains Glo’s humongous investments in talent hunt shows in the last eighteen years. It has sponsored shows like: Rock ‘n’ Rule, GloNaiga Sings, Laffta Fest, and the world number one music singing talent reality TV show, X Factor, which birthed in Africa for the first time in 2013.

Others are Slide and Bounce concert, an entertainment tour which went round all the geopolitical zones of the country as well as Glo Mega Music Show and Glo’s Battle of the Year, which gave the winners a life-changing N9 million prize money, a Toyota Hiace bus valued at N25 million and other prizes.

Similarly, the nation’s art and culture have also been positively touched by Globacom. From Ojude Oba in Ijebu-Ode, Ofala in Onitsha, Lisabi in Abeokuta, Imeori in Abriba, Oru – Owerri in Imo state, Afia- Orlu In Nnewi, Anambra State and Abia –Ugwa in Isialangwa in Abia State.among others. The company has through sponsoring the festivals not only brought them to international limelight, but has also turned the host cities into major tourist attractions.

HIS PASSION FOR PHILANTHROPY

He is without doubt, the most generous Nigerian alive. He gives ceaselessly and carelessly. He is an angel of mercy; giving is living for him.

Describing Adenuga’s large heart in an article, The Boss Newspaper Publisher, Dele Momodu, wrote “Everyman should wake up and pray to meet and become good friends with the Spirit of Africa. Trust me, it is worth every second of it. Just imagine a man who dashes out the same kind of cars he drives to friends.

“He buys these expensive cars in multiples. I have been a beneficiary a few times, so I know. I have a friend who got a Range Rover while his wife got another jeep. How nicer and kinder can one be? No amount of money is too much for Adenuga to shell out on his family and friends. And he really does not expect anything in return. If you have done him a favour then you are truly triply, not doubly blessed, since Dr. Adenuga never forgets such favours and offers recompense even beyond your wildest dreams. Dr. Adenuga believes that his friends are entitled to the same kind of material things that he wishes for and buys for himself. He has no jealous or mean streak in him in that respect”.

Adenuga’s former close aide, Bode Opesietan also stated “Dr Adenuga’s generosity is legendary. He gives personal rewards like no other billionaire. If God has given you this kind of resources, it is not for you and your family alone” he would say”.

“All year round he splashes generous gifts on extended family, friends, associates, staff and the less privileged. He has a long list of beneficiaries he touches with life-transforming gifts. He is detailed and exquisitely tasteful, not only in the quality of gifts but also the manner the gifts are presented”.

Also during the peak of the COVID-19 pandemic, Adenuga was the first to donate N1.5 billion to fight the dreaded coronavirus scourge. He set the stage for other Nigerians to contribute to the management of the scourge. That is typical of the Guru, he leads, others follow.

According to Adenuga “How much money can one individual or his family enjoy? You must spread it and touch lives…that is what brings true happiness and joy. What’s the point if your friend is wealthy and it doesn’t show on his friends”.

There is nothing more to add. When it comes to philanthropy, Adenuga is in a class of his own! Indeed generosity is in his DNA!

HIS PHILOSOPHY OF LIFE

Dr. Adenuga’s morals and proclivity are dictated by his abundant wealth of experience in life. He’s a very intelligent man who is vastly read and widely travelled. As a result, he not only understands the innate cruelty of man to fellow man, he has also on occasions experienced this first-hand to his surprise and chagrin. These experiences have shaped his thoughts and actions.

Dr. Adenuga loves integrity and loyalty. Because he hardly goes out, he is able to monitor people and events quietly from his desk and home.

Aside from this, He has had to navigate his way through the murky waters of Nigerian politics. Dr. Adenuga avoids and shuns politics like the plague. He does not believe that he must be involved with politics in order for his businesses to survive or thrive.

All he campaigns for is an avenue to do business on a level playing field because he knows that he can survive and outlast most people. He considers himself one of the fittest and the best, if not the fittest and the best since he is methodical, calculating and highly industrious and energetic. As he says often, he is hiding his head under the parapet as he is non-aligned and does not want this to be mistaken for support for one side or the other. He knows Nigeria and Nigerians very intimately, and does not want to attract unnecessary attention to himself or his business.

He is a sagacious and very methodical man, who rewards excellence. He does not suffer fools gladly. Most of his offices around the world are open 24 hours. There is always somebody to take his calls. When he has a brain wave, his adrenaline level pumps on over drive and he activates action immediately. Everyone who knows Dr. Adenuga knows he dislikes the word impossible. He is a workaholic, pure and simple.

HIS LIFE STYLE

You can call him an enigma, and you will not be wrong. He is a very shy gentleman, a trait that many mistake for arrogance. Before Globacom, Dr Adenuga Jnr was one of Nigeria’s silent billionaires. He was making his money without fanfare. Then came Glo, and he became one of the most recognizable Nigerians alive.

Till date, he hardly attends public functions and even if he does he sneaks in without any fuss and leaves even before the Master of Ceremonies recognizes his presence.

Despite this elusive persona, those who have met him can attest to his ebullient nature. He is one man who catches his fun when he is in the mood. He has very fine and elegant taste. A connoisseur through and through.

Contrary to what many think, he still finds time to unwind most times only in the company of his inner circle of friends and family.

Dr. Adenuga is neither ostentatious or extravagant in his style and dress. For him moderation is the value of life. In the early days, it was obvious he loved safari suits, but these days nice flowing shirts which mostly have his personal crest emblazoned on them are the norm.

Of course like all billionaires, he loves powerful cars, nothing over the top or attention-seeking. And as per flying, he has the accoutrement that fits his jet set, super executive lifestyle, which means he has long forgotten what it looks like to fly commercial.

HIS LOVE FOR FRANCE

Dr. Mike Adenuga has always had a great affection for France. And for its language and culture. And as a great admirer of the high ideals and achievements of the people of France, he often visits the country, where he also owns property, for extended visits. In his business dealings too, he has maintained a productive and valuable relationship with French interests.

It was out of this desire, love and affection for France that he ardently supported the development of Alliance Française in Lagos, in the wish to see that its activities, efforts and initiatives could be enhanced, and its reach and appeal increased.

In endowing the concept and construction of the elegant new institute, Dr Mike Adenuga Jr has affirmed his deeply held commitment to the ongoing friendship between the people of France and the people of Nigeria, and is proud to have been able to facilitate and foster that friendship through the building of the Mike Adenuga Centre. The brand new, ultra-modern Mike Adenuga Centre was unveiled by French President, Emmanuel Macron in 2019.

It is for this great act and his humongous investments that the French president deemed it fit to bestow on him the country’s highest national honour.

HIS HONOURS ROLL

For his contribution to economies and communities across the globe, Dr. Mike Adenuga has been appreciated with so many awards, traditional titles and honours. The most prominent are the national honours from Nigeria, Ghana and France.

In Nigeria, he holds the highest civilian honour of Grand Commander of the Order of the Niger (GCON), this honour was hitherto reserved for mostly vice presidents.

In Ghana, he was awarded the highest civilian honour of Companion of the Star of Ghana (CSG). According to then President John Mahama, who conferred the indefatigable businessman with the honour at a state ceremony: ”You have touched many lives in Ghana. You have provided employment for our teeming youths, artistes, footballers and many more. I am particularly proud of you. This award is our way of a saying a simple thank you.”

The entrepreneur extraordinaire was also decorated with the Chavalier de la Legion d Honnuer (CdrLH), the highest National honour of France, by French President, Emmanuel Macron.

Explaining why the French Government decided to confer the honour on Adenuga, President Macron, who described the consummate businessman as a true model of Africa, noted that he had contributed immensely to the African and French economy.

He also applauded Adenuga for his promotion of the French Language and culture in Nigeria. There is no shadow of doubt that Dr. Mike Adenuga Jnr is the most accomplished Nigerian businessman of our time.

FORBES’ ESTIMATION

Much as Adenuga’s humongous wealth is liquid, Forbes still manages to scale him among billionaires in its periodic categorization. Presently, he is worth about $7 billion, according to Forbes.

Adenuga remained among the top spot of Africa’s richest persons and Nigeria’s second wealthiest, outpacing very many others, according to Forbes rating.

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. In recent times, his net worth has surged to $6.9 billion from $6.1 billion in 2023, solidifying his rank as Africa’s fifth-richest person and Nigeria’s second wealthiest, according to Forbes World’s Billionaires List.

Dr. Adenuga is many things and more, and today, we raise a toast to the impressive African treasure and business phenomenon

Happy 72nd birthday sir!