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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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Hardship: Remi Tinubu Asks Poor Nigerians to Start Akara, Roasted Corn Business

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Wife of the President, Senator Remi Tinubu, has urged economically disadvantaged Nigerians to consider small businesses such as selling akara, roasted corn and kulikuli as viable sources of income, saying they require little capital to start and can help families cope with the country’s economic challenges.

She gave the advice after hosting the wives of the 36 state governors in Abuja, where she highlighted empowerment programmes and financial support provided through her office to assist vulnerable Nigerians.

According to the First Lady, her interventions are centred on providing grants rather than loans to enable beneficiaries to establish small-scale businesses without the burden of repayment.

“We’re trying to give hope, and to start an akara business doesn’t take a lot of money. To start roasting corn… somebody even said about grants, you see, they’re saying that kulikuli doesn’t take much. We didn’t give them a loan; we gave it to them as a grant,” she said.

Senator Tinubu said her office has continued to support Nigerians through various empowerment initiatives designed to improve livelihoods and promote self-reliance.

“So we’ve encouraged Nigerians as best as we could. What is within our hands, I have given, and I keep giving, and those are the things we’ve done,” she added.

The First Lady also outlined some of the financial interventions she has personally supported, including ₦2 billion for tuberculosis treatment, N1 billion for breast cancer interventions and N500 million to address food malnutrition.

“I remember giving for TB when I heard there’s so much TB cases, I gave two billion (naira). To breast cancer, I gave a billion (naira). To food malnutrition, I gave half a billion (naira),” she said.

She added that her office has also supported programmes in agriculture, education, social investment and digital skills development, including scholarships and ICT training in collaboration with the National Information Technology Development Agency (NITDA).

According to her, the interventions are intended to complement the Federal Government’s efforts to improve the welfare of citizens and create more economic opportunities.

Senator Tinubu also appealed to Nigerians not to lose hope despite the country’s economic difficulties, arguing that negative narratives have worsened public anxiety.

“The narrative has really changed. The average man is supposed to have hope. So I like the idea that Mr. President said this is the Renewed Hope Agenda.

“We have to renew our hope. They don’t give up. We’re a very proud nation,” she said.

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Don’t Vote for Me If I Fail to Fix Power Comment: Onanuga Claims Tinubu Was Quoted Out of Context

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Special Adviser to President Bola Tinubu on Media and Publicity, Bayo Onanuga, has described as ‘out of context’ the assertion that President Bola Tinubu told Nigerians he would not seek re-election if he failed to provide constant power supply for the citizens.

Onanuga dismissed the claims which have recently resurfaced in many circles, and explained that the statement credited to the president was conditional, and not an outright pledge.

Onanuga spoke during an interview on Arise News on Tuesday, where he further insisted that the President’s remarks on power sector reforms had been misrepresented, as it was not an outright pledge to forgo a second term.

Reports had quoted Tinubu during a business luncheon in December 2022 ahead of the 2023 presidential election, to have said: “If I don’t give you constant electricity for four years, when I come back for a second term, don’t vote for me.”

But the presidential aide argued that critics often quote only a portion of the President’s remarks while ignoring the context in which they were made.

Asked whether the President had promised not to seek re-election if the electricity supply did not improve dramatically, Onanuga said: “That is not exactly what he said. He said he will give Nigerians power. I’m paraphrasing now. He said he will also will end the area of estimated billing. A problem that he has largely solved because it should not be his business, but his government is producing meters, asking the DISCOS to give people meters free of charge.

“And he said, if by any chance he has reasons not to give Nigerians adequate power, then they should understand the problem that he inherited.”

When he was told that the President said he should not be reelected if the electricity supply did not improve, Onanuga said, “He didn’t say that way. Let me see if I can open my phone and tell exactly what he said.”

Onanuga argued that Tinubu had demonstrated commitment to power sector reforms since assuming office, citing the signing of the Electricity Act as one of the administration’s major achievements.

“The first thing he did when he came to office was sign the Electricity Act, which enables states to generate power, transmit power and distribute power,” he said.

The presidential spokesman noted that the legislation has opened up the electricity sector and encouraged competition, with several states already taking advantage of the opportunities created by the law.

“That is a good thing. Some of the states are taking advantage of that, and more are going to do so. That will make the electricity sector open and competitive,” he added.

The presidential spokesman also pointed to efforts by the administration to address the metering gap across the country, saying the government had intervened to ensure more Nigerians receive meters free of charge.

“He also learnt the error of estimated billing, a problem that his government is largely solving because the government is producing meters and asking distribution companies to give people free of charge,” Onanuga said.

While acknowledging that electricity supply has yet to reach the level envisioned by the President, Onanuga attributed the challenge to long-standing structural problems in the sector.

“We are not at the level that the President meant it. I can tell you that,” he said.

He explained that although Nigeria has an installed generation capacity of about 13,500 megawatts, constraints such as gas shortages, legacy debts and weak transmission infrastructure have limited performance.

“What people don’t know is that we already have an installed capacity of 13,500 megawatts. What are the problems? No gas. The players in the sector owe the gas companies legacy debts of over four trillion naira,” he said.

According to Onanuga, the Tinubu administration is working to resolve these issues while pursuing reforms aimed at improving generation and transmission capacity.

“The transmission grid is outdated, but that is part of the reforms that need to be put in place,” he said.

He added that the government was exploring additional initiatives to optimise existing power assets and improve electricity delivery across the country.

Onanuga maintained that despite the challenges, the administration remains committed to delivering on its promise of improving electricity supply and strengthening the nation’s power sector.

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How I Made Buhari President in 2015 – Amaechi

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Former Rivers State Governor and ex-Minister of Transport, Rotimi Amaechi, has said that he, and not President Bola Tinubu, played the pivotal role in making late Muhammadu Buhari president in 2015.

In a Friday interview on Arise News’ Prime Time, Amaechi, who is now a presidential aspirant under the African Democratic Congress, addressed longstanding claims by Tinubu.

During his pre-2023 campaigning, Tinubu said Buhari would not have become president without him and that it was his turn to become one too.

But Amaechi explained that as a serving minister under Buhari, he could not publicly challenge Tinubu’s assertions to avoid risking his position.

“When we decided to form the APC, while I was a minister, (Tinubu) was claiming he made Buhari president and I couldn’t respond because I was a minister under President Buhari. That would have been suicidal because Buhari could fire you,” Amaechi said.

He continued, “So I couldn’t have said, ‘You are wrong.’ He didn’t make President Buhari president. Not only was I the DG of the campaign, but everybody will bear witness that I did all the battle.

“I led the Governors’ Forum, criss-crossed the country fighting here and there trying to get Nigerians to know that this is the time for change.”

Amaechi served as Director-General of Buhari’s 2015 and 2019 presidential campaigns.

He was a key figure in the 2013–2014 defection of PDP governors that helped form the APC alliance, which ultimately defeated President Goodluck Jonathan.

However, Tinubu was also instrumental in Buhari’s emergence, leading the merger of major opposition parties, including his Action Congress of Nigeria, to form the All Progressives Congress, which challenged and defeated the then-ruling PDP.

The remarks come amid Amaechi’s positioning for the 2027 presidential race as part of the growing opposition coalition under the ADC.

He has been vocal in recent months criticising the Tinubu administration over economic hardship.

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