Boss Picks
What Legacy Can Buhari Leave?
By Eric Elezuo
The euphoria that heralded the coming of Muhammadu Buhari in 2015 was heart deep. The retired general rode on the goodwill of Nigerians, and the popular consensus that the then president, Dr. Goodluck Jonathan had failed in his five years of presiding over the affairs of Nigeria. But it did not take long before the Nigerian public understood that they have been sold the wrong dish, in fact a dish more substandard than what was previously obtained.
Buhari’s first display of mediocrity was his inability to appoint an executive council to run the country. It took a whopping six months before the first round of ministers were announced. To make matters worse, Mr. President was in and out of the country, shuffling from one hospital to another trying to cure an ailment shrouded in secrecy till date. The president was out of the country for a cumulative 150 days, among which was a 90 days stretch.
When it was obvious that Buhari was completely cured, demystifying the earlier notion of the leader of the Indigenous Peoples of Biafra (IPOB), Mazi Nnamdi Kanu, who claimed that the president had died overseas while a foreign replacement, who he called Jibril from Sudan, was forced on Nigerians, it still unfortunate as nation seem to remain on auto-pilot. The allegation of his supposed death has yet to be proved till date.
Across board, the more vocal voices and dissenting minds have unequivocally agreed that there is not much for the soldier-turned civilian president to leave as a legacy in comparison to his previous three predecessors; Chief Olusegun Obasanjo, AlhajiI Musa Yar’dua and Dr. Goodluck Jonathan. Much as Buhari is of the same stock with Obasanjo, analysts believe that both men are poles apart in terms of achievements and enduring legacies.
Chiding Buhari just after the 2023 Presidential Election in a letter, Obasanjo had said that Buhari’s sole legacy will be tainted unless he made some major adjustments to the outcome of the presidential elections. But as expected, Obasanjo was predictably ignored, putting to jeopardy any strand of legacy that can link to the former maximum ruler.
Hakeem Baba-Ahmed, in an article titled Buhari’s Legacy, and published in the Vanguard of March 15, 2023, observed that:
“You would think exiting on the back of a thoroughly disputed election, for a man who came to power following an uncontested electoral victory and a textbook peaceful transition will be the ultimate dishonour that will define the character of an eight year leadership, but you will be wrong. There is a long list of failures that would precede the elections fiasco, and it might not be entirely uncharitable to assume that the president had one of those rare moments when a past flashes through a life, and you are made to clutch at one redeeming star out of a long line of gloom: support INEC to conduct an election that may get the nation to think his eight years did not exist.
“In those eight years, poverty and corruption and insecurity, the three scourges Buhari said he would fight have fed fat on weak leadership and swamped the nation. He had lowered the bar on good governance so effectively it will be difficult to see how it can be made lower. It would take a generation to retrieve bits and pieces of the nation that have drifted apart owing largely to incompetence and insensitivity in managing pluralism. The transition from him to the next good president(s) may test the nation’s resilience, and its surviving the stresses from recovering lost ground may reveal whether its foundations have been irretrievably damaged by the pure poverty of ideas that was the hallmark of the Buhari administration.”
With just two months for Buhari to exit the seat of power, stakeholders, analysts and the general public are digging deep to unearth what Mr President can be remember for other than policies that have polarised the nation into ethnic and religious divide where ethnic militants and secessionists have risen with vocal voices resonating across the globe. There was, and still is Nnamdi Kanu’s IPOB, Sunday Igboho’s Yoruba Nation among others. These groups are consequences of marginalisation and barefaced ethnic profiling, especially with the people of the Southeast, who were accused and are being punished for not supporting Buhari during the elections.
During the campaigns, Buhari and his co-travellers have pinpointed Economy, Security and corruption are their key areas of concentration, but eight years down the line, poverty, insecurity and corruption have quadruple in every guise, and Nigerians are the worse for it.
It is obvious that Buhari himself understood his inept handling of the nation’s affairs in the concluding eight years, and vowed to make amends with the conduct of the 2023 general elections, and leave a lasting legacy. This was sold to Nigerians that the elections will go down in history as the best conducted and transparent election. Nigerians bought it, and were ready to forgive Buhari for his eight years of lukewarm administration if only he could get the election matter right, and allow them vote candidates of their choice. But that was not to be; the election proved to be the very opposite of what it was intended to be, recording massive rigging, violence, harassment and voter intimidation. The trump card for the election hidden in the Biometric Voter Authentication System (BVAS) and the IReV became a ghost of itself as INEC bypassed both and allotted votes and results as it pleases. Buhari’s intended legacy flopped. And he is no in a hurry to find out why. Rather he kowtowed INEC’s and his party’s stand of ‘go to court’ if you are not pleased.
As it stands today, Nigerians have been suffering a tripod menace since anyone can remember; there is scarcity of petroleum products, especially the petrol motto spirit with motorists and commuters queuing endlessly at filling stations and paying exorbitant prices where the product can be found. The naira redesign polity has inflicted untold hardship to homes and relationships. Many have reported lost their lives in their quest to get naira which the Central Bank of Nigeria (CBN), mopped up with commensurate release of the new notes. People therefore, have to buy naira to spend naira. At a stage, the Punch reported that a total of 13 people had died protesting against the new policy. Even after an intervention by the Supreme Court to delay the rollout, President Buhari held on to his position. He showed flagrant disrespect for the judiciary.
Except of course legacy means leaving behind the positives, Buhari will sure be remembered for leaving behind a legacy of a nation soaked in its own blood; a nation where ethnicity and religion have been weaponised to kill its own citizens; a nation that took a million steps backward for every attempted one step forward. It is loudly rumoured that most of the areas taken by Boko Haram before Buhari came to power are becoming peaceful today, analysts ask why the transfer to the northwest as banditry is making waves unabated.
According to Tukur Abdulkadir, a professor at Kaduna State University, “Insurgents now controlled villages, and again, tens of thousands have fled the violence.
“If they could deal decisively with Boko Haram, people are still perplexed and bewildered as to why it has become so difficult for the Nigerian security agencies and the government of Muhammadu Buhari to tackle the problem of banditry in the northwestern part of Nigeria,” he said.
According to dw,com, which quoted a Lagos-based financial consultant, Shuaibu Idris, “To further exacerbate the situation, more and more young Nigerians are left without a chance after finishing their studies. Creating jobs and boosting the economy was another one of Buhari’s promises back in 2015.
“When President Buhari took over, our inflation rate was somewhere around 12% to 13%. Today we are talking about 21% to 22%. Can we say he has done well? Clearly the answer is no.”
Similarly, he pointed out that exchange rates for the naira as well as the national debt load had gone up significantly, while unemployment figures were also increasing.
What did the Buhari administration do to counter these developments? Conditional cash transfers and loans to farmers were among the policies. But they often turned sour, not helping to create jobs, Shuaibu Idris pointed out.
However, some believe that the president has done his best as is his slogan, owning to quite a number of policies implemented. But it is not farfetched that the implementations have been poor. They argue that there are many projects that have been abandoned for decades in Nigeria that he has either succeeded in completing all his or he is on the verge of completing. Like the prominent Second Niger Bridge. The bridge, a brain child of the Jonathan administration is yet to be completed the humongous amount of money pumped in notwithstanding. It is hoped that the bridge will witnessed full functionality before the May 29, 2023 handing over date.
But speaking on behalf of the government a few weeks back, the Minister of Information and Culture, Mr. Lai Mohammed, said Buhari has done well. He said beyond infrastructure, the Buhari administration is leaving a legacy of a social investment programme that is unprecedented in Africa and had enhanced the quality of life of the beneficiaries.
“Our pace-setting social investment programmes like N-Power, School Feeding, Conditional Cash Transfer and GEEP (Government Enterprise Empowerment programme) have benefitted millions of our citizens, both young and old, and this can neither be trivialised nor denied,” he said.
The minister said the Buhari government has also put Nigeria on the path of self-sufficiency in many staples, including rice.
He said fertiliser blending plants in the country have increased from 10 in 2015 to 142 while the number of rice mills has increased from 10 in 2015 to 80 presently.
The minister said that based on the achievements, Nigeria, which was the number one export destination for rice in 2014, according to Thai authorities, is now ranked 79.
On security, he said the Buhari administration has revamped the sector in the face of unprecedented challenges in the country.
“Today, the Nigerian military is being restored to its glorious past, thanks to Mr. President’s foresight and doggedness in re-equipping the various services,” he said.
“And this has made it possible for the military to tackle insurgency and all other security challenges facing the country.
“As you can now see, this military has been recording successes after successes.”
He added that the current administration has ensured inclusiveness, especially in the areas of infrastructure and social development.
The minister said there is no state in Nigeria that has no road, bridge or housing project irrespective of party affiliation.
He added that while other administrations pampered corrupt people, the Buhari government exposed and put them on trial.
“Whereas the immediate past administration came up with such programmes as Treasury Single Account (TSA) and Integrated Payroll and Personnel Information System (IPPIS), they were implemented largely on paper until we came on board and ensured total implementation,” he said.
“The EFCC, the ICPC and other anti-corruption agencies have gone beyond merely arresting and prosecuting alleged corrupt officials to institutionalising the fight against corruption through various programmes.”
Not many bought into the minister’s analyses, as there is nothing to show for any bogus achievement mentioned.
But stakeholders believe that there could be one last area Buhari could write his name in gold and cause Nigerians develop amnesia over his humongous failures. They unanimously agree that the area is the judiciary.
Popular opinions has it that the judiciary must be allowed a free hand to decide cases even as the election petitions are on the front burner.
Consequently, the world watches with keen interest to see if matters of the court will also be mishandled as the INEC conducted-elections, and that may mean that Buhari may go down in history as the Nigeria president without a tangible legacy to his name. But someone said God forbid!
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
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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