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Adenuga: 71 Years of Unrivalled Philanthropy and Endless Empowerments

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By Gabriel Oguntola

One of Africa’s richest men and Chairman of Nigeria’s telecommunications Company, Globacom Dr. Michael Adenuga Jr is 71 years old. Happy Birthday to the great philanthropist and entrepreneur par excellence.

The quiet billionaire learnt early from the famous saying of Walt Disney who posited that”The way to get started is to quit talking and begin doing”.

Adenuga from onset has always been reticent.  He does his things quietly and runs his businesses without seeking attention. He transitioned from running family business, after schooling in the United States to starting his businesses and moving into the top league in Nigeria without noise.

He became a billionaire in his thirties to the consternation and surprise of Nigerians. Such is the style of the man that has come to be known for his smartness and ingenuity. He is always one step ahead, hence his success across all sectors of the economy.

Today, he plays in all the vital sectors of the nation’s economy. From Banking to Telecoms, Oil and Gas as well others that are not known to the public. He employed thousands of Nigerians, and he empowers many others through endless philanthropy.

We cannot count the number of Nigerians that has benefitted from Adenuga’s generosity. They are always done quietly, and most times beneficiaries are warned not talk about it.

Few years ago, he donated 500million to Baylesa State after the state was ravaged by flood, he donated N1.5 billion during Covid pandemic to Federal Government, 1 million dollars was also donated to Super Eagles after winning nations Cup in south Africa to mention a few.

By the age of 50, he founded Globacom while his other companies were founded between early thirties and 40. He became a billionaire at 35 and by his 51st birthday Dr. Adenuga was already sitting atop what is generally regarded as one of the continent’s largest business empires.

In each of these sectors, Dr. Adenuga has moulded his companies into major players. In the oil and gas sector, for instance, Conoil Producing, the upstream arm of the conglomerate, made history by becoming the first Nigerian company to strike oil and produce it in commercial quantity. Same was the case when he had two banks, Equatorial Trust Bank and Devcom Merchant Bank that were among top ones in the country.

In telecoms, Globacom remains the most innovative network in Nigeria, with many firsts since it rolled out services in 2003. His investment in real estate is said to be worth over billions of dollars. These companies provide direct employment to thousands of Nigerians and other nationalities.

His contribution to the business across the world and endless philanthropy has been recognized in different countries including Nigeria, where he holds the highest civilian honour of Grand Commander of the Order of the Niger (GCON) and in Ghana, he was awarded the highest civilian honour of Companion of the Star of Ghana (CSG).

French President, Emmanuel Macron also honoured him with the highest National honour of France, ‘Chavalier de la Legion d Honnuer”. Macron commended Adenuga for his promotion of the French culture in Nigeria where he single-handledly rebuilt the Allance Francaise, Lagos located at the Mike Adenuga Centre Ikoyi.

City People magazine, Nigeria’s King of soft –sell in 2022 captured Dr Adenuga lifestyle thus:

He works round the clock. He is always thinking of the next possible business deal. He is always looking for the next deal to close. He was one of the businessmen who saw the role Data was going to play in our lives and went for a Telecoms license earlier.  Today, the rest is history. He is now the Grandmaster of Data.

Mike Adenuga is one of the Bigger Boys in the world of business. He knows the Game. He plays the game. He is adept at it. He knows the principle of winning. He has set his own rules. He has his own winning formula, which has worked for him over the last 40 years. Though he is from Ijebu Igbo, he was born and bred in Ibadan. He will always tell all who cares to listen that he is an Ibadan Boy. He is a product of Ibadan Grammar School. He has a breathtaking house in Ibadan. That is where he often stays when he needs to relax or unwind. Many often wonder whether he relaxes or not. Yes. He does.

City People can authoritatively reveal that though Mike Adenuga is a great Philanthropist and one of the biggest spenders when it comes to helping other people, he does not like the recipients of his largesse to tell the world whatever kind of help he has rendered. Once he touches your life, you are made forever. But the Golden rule for you to keep getting more support from him is for you to keep mum”.

 

Former President Buhari, few years ago while speaking about Dr. Adenuga on his Birthday said, “Apart from creating jobs through entrepreneurship, Adenuga’s contribution to the development of sports and the entertainment industry had remained remarkable. These sectors of the economy had continued to provide lifelines for many, and inspiring ingenuity and creativity. His exploration and encouragement of youth entrepreneurship in the country would always be remembered, while his penchant for helping the less privileged through scholarships and healthcare financing deserves more commendations”.

Happy 71st Birthday to Dr. Adenuga.

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Dangote Launches Historic ₦1trn Scholarship Scheme for 1.3m Students

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The Chairman of the Aliko Dangote Foundation (ADF), Aliko Dangote, has launched a ₦1 trillion scholarship programme targeting more than 1.3 million Nigerian students over the next decade.

The initiative, the largest private-sector education support scheme in Nigeria’s history, will begin in 2026 with ₦100 billion disbursed annually across all 774 local governments.

The programme focuses on vulnerable learners, supporting undergraduate STEM students, technical trainees, and secondary school girls through tuition aid, study materials, and essential learning supplies.

It will be implemented through a fully digital, merit-based system in partnership with NELFUND, JAMB, NIMC, NUC, NBTE, WAEC and NECO.

Dangote said the intervention is a strategic investment in Nigeria’s future, stressing that financial hardship—not lack of talent—is the major barrier keeping many young people out of school. He added that 25 percent of his wealth has been committed to sustaining the Foundation’s long-term programmes.

Vice President Kashim Shettima described the scheme as a transformative act of nation-building, noting that it complements government reforms in basic, tertiary and technical education.

Education Minister Tunji Alausa said the programme aligns with the administration’s goal of transitioning Nigeria into a knowledge-driven economy, while Lagos State Governor Babajide Sanwo-Olu, speaking on behalf of his colleagues, pledged the governors’ full support.

Traditional rulers including the Emir of Lafia, Justice Sidi Dauda Bage, who chairs the programme’s steering committee, and the Ooni of Ife, Oba Adeyeye Ogunwusi, praised the initiative as unprecedented in scope and impact.

UN Deputy Secretary-General Amina Mohammed also commended the scheme, saying it will create conditions for children to learn and families to thrive.

The scholarship initiative reinforces the Aliko Dangote Foundation’s mission to expand opportunities, drive social impact and improve the wellbeing of communities across Nigeria.

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Yakubu, Fani-Kayode, Ikpeazu, Others Scale Senate Screening Hurdle for Ambassadorial Positions

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The Senate Committee on Foreign Affairs, on Thursday, approved the nomination of former Minister of Aviation, Femi Fani-Kayode, for appointment as ambassador.

Other nominees cleared by the committee include former Minister of Interior Abdulrahman Dambazau, ex-special adviser on new media to former President Goodluck Jonathan, Reno Omokri, former presidential aide, Senator Ita Enang, and Senator Grace Bent.

Also confirmed were former INEC Chairman, Mahmood Yakubu; former Governor of Enugu, State Ifeanyi Ugwuanyi, and former Governor of Abia State, Victor Okezie Ikpeazu, among others.

The screening session, conducted in batches of five nominees each, experienced a mild drama during Omokri’s turn.

Senators Mohammed Ali Ndume and Adams Oshiomhole openly disagreed on how his clearance should proceed.

After Omokri’s batch had introduced themselves, Ndume moved a motion to allow the nominees to take a bow and leave.

Some senators, including Oshiomhole, indicated they wanted to comment.

The Committee Chairman, Senator Abubakar Sani Bello, recognised Oshiomhole to speak, but Ndume insisted that his motion should be seconded before allowing further interventions.

This led to a sharp disagreement between the two senators.

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Tinubu Reiterates Directive on Withdrawal of VIP Police Protection

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President Bola Tinubu has insisted on his earlier directive ordering the withdrawal of police officers from very important persons (VIPs) in the country.

On November 23, Tinubu ordered the immediate withdrawal of police officers attached to VIPs across the country during a security meeting with the inspector-general of police (IGP), the chiefs of army and air staff, and the director-general of the Department of State Services (DSS).

The president said the move was aimed at boosting police presence in communities, especially remote areas where stations are understaffed and citizens remain vulnerable to attacks.

Speaking at the opening of the federal executive council (FEC) meeting on Wednesday, Tinubu warned against non-compliance and directed Nuhu Ribadu, national security adviser (NSA); Ibrahim Gaidam, minister of police; and Kayode Egbetokun, the IGP, to follow up on the implementation of the order.
The president noted that police officers were trained to protect the lives and property of citizens, particularly the most vulnerable in society, adding that the protection of a select group of VIPs is not their responsibility.

The president ordered Olubunmi Tunji-Ojo, the minister of interior, to make arrangements for the replacement of police officers by civil defence corps.

“If you have any problem because of the nature of your assignments, please contact the IGP and get my clearance,” he said.

“The National Security and Civil Defence Corps are trained for VIP protection, and they are armed too.

“We face challenges here and there of kidnapping, banditry and terrorism. We need all forces utilised. I know some people are exposed; we will make the exceptions. The civil defence is very much around.”

Tinubu said there is a need to mobilise the police appropriately due to the country’s security challenges.

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