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World Exclusive: Goodluck Jonathan Under Pressure to Contest in 2027

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By Eric Elezuo

As it was in the buildup to the 2023 presidential election, The Boss can exclusively report that former President Goodluck Jonathan, who held sway between May 6, 2010 and May 29, 2015, may have come under intense pressure to contest the 2027 presidential election, in a bid to unseat the incumbent, President Bola Ahmed Tinubu. Jonathan was unseated as an incumbent in 2015 by the immediate past president, Muhammadu Buhari.

Tinubu’s administration has in the last one year been condemned as anti-people, as a result of the government’s policies, which has impoverished Nigerians and created hardship, hunger and more poverty than ever experienced. Stakeholders believed that if the situation remains as it is till the next electioneering, Tinubu will not have a chance even if he employs money politics to retain power.

Sources close to The Boss confirm that the former president, who was ousted in 2015 as a result of a coalition and consistent mergers of opposition and breakaway parties, is once more touted as a replacement for the “disastrous” Tinubu government, which has only spent about 15 months in office.

Prior to the 2023 election, Goodluck Jonathan was rumored to have defected to the ruling All Progressives Congress (APC) to wrestle power with all aspirants under the party’s platform, including Tinubu. Political analysts had argued that among those who had shown interest, none was in the green light to restore Nigeria to parity as a result of the way and manner Buhari handled the affairs on eight years. Much as the rumor gained massive ground, Jonathan finally debunked the possibility, thereby creating the enabling environment for Tinubu to emerge, and eventually won the general election.

In 2022, news broke that the former was on the verge of joining APC after a coalition of northern socio-cultural groups, basically of Fulani extraction, purchased N100 million nomination and expression of interest forms of the APC for him to contest for President again in 2023. Jonathan, however swiftly rejected the presidential form.

Speaking through his Media Adviser then, Ikechukwu Eze, the former president said it was an insult for the group to have bought him the form without his permission.

The Newss Agency of Nigeria (NAN) had quoted unconfirmed sources, which attempted to prove the former president was being pressured to re-contest. Some of the them, according to the sources include APC bigwigs, three unnamed African leaders among others.

The report said, “Several bigwigs of the party have also been calling Jonathan to pledge their loyalty and support to the former president.

“At least three top African leaders called the former president on the matter. They all urged him to run.

“One of them specifically told him that it didn’t make sense travelling all over Africa settling disputes only to shy away from leadership responsibility in his home country.

“Another reminded him of the implication of failing to put the experiences he garnered as a former Nigerian president and as a continental statesman to good use.”

According to the source, some of the African leaders told Jonathan that Nigeria was passing through challenging times and in need of “a unifier like Jonathan at this time”.

The situation of 2022/23 is playing again like the deja vu phenomenon.

Of whatever options available to the APC, the Peoples Democratic Party (PDP) and the North, Jonathan is considered the real deal as a result of his known inability to run for two terms. Others, obviously, are sure to harbour the ambition to go for another term if selected for the 2027 period, and that explains why Jonathan is the most preferred bride among the caucuses and the northern oligarchy. The collaboration, they believe is a win-win situation where both the parties and Jonathan will eat their cakes and have it. The APC and the North will have power remain in their domain as the tenure years lasted, and will have it back after four years.

With the rising profile of Jonathan in the international circle and the fact that Buhari and more recently, Tinubu, have failed to match his achievements in human capacity and capital development, the Nigerian public and the political elites have continued to place premium in the possible return of the former president to complete his four years in office.

In the north where the administration of President Tinubu has received the greatest, bigwigs including the governor of Bauchi State governor, Bala Mohammed, asked for the return of Goodluck Jonathan, saying that will be the only reason he would step down from contesting the presidency in 2027

Bala Mohammed, one of those who served in the administration of Jonathan, and stayed with him in his troubled days, said he is contemplating a presidential bid but will drop his ambition if the former President decides to contest.

Mohammed made this statement after a Non-Governmental organisation, NGO, asked him to consider running for the presidency, proving the tempo of seen and unseen pressure directed towards the former president to throw his hat in the ring.

According to the governor, Jonathan has experience and would do a good job if he gets the mandate to manage the country.

“With regard to your call for me to present myself, I am still contemplating my chances as the leader of the opposition.

“I know there are good leaders within the PDP, especially my boss Goodluck Jonathan.

“I have always said that as long as Jonathan is around, I will not present myself for leadership of this country, unless he decides not to run.

“If we can persuade him to come forward, I will support him with my blood. Out of modesty, he is still not ready. I hope you will meet him and encourage him to run.

“He will do a better job because he has the experience. We know the prices of things; we know the level of inflation.

“During Jonathan’s regime, he was inclusive, addressing issues like the Almajiri system and creating initiatives for unemployed youths.

“His leadership recruitment was exemplary. We need leaders like him – young people with energy, foresight and drive,” he said.

The Boss can also confirm internal decisions among northern politicians, who are fed up with the administration of Bola Tinubu with the excuse of total marginalization of the region, saying it will do the north good if Tinubu is removed in the next election. However, they fear the replacement of Tinubu by another southerner, who may want his complete eight years in office, thereby giving the south a 12 leverage in consistent leadership.

“Consequently, that is where a Jonathan comes into the picture. Jonathan can only do a constitutional four years as president, having done the first four years earlier. So, he won’t pose a problem in 2031 when the north wants to regain power.

“In fact, he will be instrumental to helping the North to regain power at the appointed time,” the source said.

Across the length and breadth of the nation, feelers have revealed that Jonathan has remained a much sought after personality to re-enact the magic that saw Nigeria among economic leaders; a leadership that reflected on the citizens in all postives. The bargaining power of the naira was comparatively strong in the international money.

“Today, the case is disastrously different. The citizens are languishing in abject poverty, and insecurity screams louder no thanks to the APC governments of Buhar, and presently, Tinubu.

Much as 2027 is over 30 months away, the next couple of months will make clearer the road to the presidency, and the gladiators that will be in the front burner. It is still whether Jonathan will succumb to the mounting pressures, or will he, like he did in 2022, turn down the request, and remain a international statesman.

Time will surely tell.

THE MAN GOODLUCK JONATHAN

Dr. Goodluck Ebele Azikiwe Jonathan GCFR, GCON, remains arguably the only Nigerian politician, who has occupied all political offices on a platter of gold. Born on November 20, 1957, (67 years in November) and very much eligible, Jonathan remains a force in Nigeria, politically and in the internationally. His popularity ever since he was booted albeit unceremoniously, out of office in 2015, has continued to soar, giving him a status many of his followers believe is equal to the most important person in the country today, especially as he willingly conceded defeat without rancour.

“My ambition is not worth the drop of blood of any Nigerian”, has remained a quote of his that has found solace in the hearts and minds of not a few Nigerians. Jonathan is termed legendary considering that not many in his shoes would have played ball as he did even with barefaced electoral malpractices his loyalists were ready to prove.

His lost to Buhari in 2015 turned out to be a blessing in disguise as a lot of people has score Buhari and his APC administration abysmally low. He has therefore leveraged on the dismal performance of the present government to relaunch himself and his career in both politics and diplomacy.

He was born in Ogbia to a Christian family of canoe makers from the Ijaw minority ethnic group in Bayelsa state, where he had his early education. He received a Bachelors degree in Zoology, a Masters degree in Hydrobiology and Fisheries Biology; and a Doctorate in Zoology all from the University of Port Harcourt.

Before joining politics in 1998, Jonathan worked as an Education Inspector, a Lecturer and an Environmental-Protection Officer.

On 29 May 1999, Jonathan was sworn in as Deputy Governor of Bayelsa alongside Diepreye Alamieyeseigha who came in as the governor of the state on the platform of PDP. Jonathan served as Deputy Governor until December 2005. On 9 December 2005, Jonathan, who was the deputy governor at the time, was sworn in as the governor of Bayelsa State upon the impeachment of the current Governor Diepreye Alamieyeseigha by the Bayelsa State Assembly after being charged with money laundering in the United Kingdom.

In 2007, he was privileged to be selected as running mate to eventual presidential winner, Umaru Musa Yar’dua. As a vice-president, Jonathan maintained a very low profile though he participated in cabinet meetings and, by statute, was a member of the National Security Council, the National Defence Council, the Federal Executive Council, and Chairman of the National Economic Council.

He was instrumental in negotiating an agreement with many of the major militant groups in the Niger Delta, to lay down their weapons and stop fighting as part of a government amnesty programme.

In February 2010, he was named Acting President of the Federal Republic of Nigeria, following a controversial doctrine of necessity from the Senate of Nigeria, due to President Yar’Adua’s trip to Saudi Arabia in November 2009 for medical treatment. There and then, he became active, and on February 10, 2010, during his first day as Acting President, Jonathan announced a minor cabinet reshuffle.

In accordance with the order of succession in the Nigerian constitution following President Umaru Yar’Adua’s death on May 5, 2010, he was sworn in as the substantive President of the Federal Republic of Nigeria on May 6 2010. He went ahead to choose Kaduna State governor, Namadi Sambo, as Vice President. In 2011, Jonathan and Sambo stood for election and won, and so began his own tenure in office as President, Commander-in Chief of the Armed Forces of Nigeria, becoming Nigeria’s 14th Head of State.

In his inauguration address, he declared that his government was to focus on a Transformation Agenda and promised to continue implementing the seven-point agenda policy framework of President Umaru Musa Yar’adua. He cited anti-corruption, power and electoral reforms as focuses of his administration, stating that he came to office under “very sad and unusual circumstances”.

It is instructive to note that under Jonathan’s administration, Nigeria rebased its GDP (Gross Domestic Product) for the first time in over a decade to become the largest economy in Africa overtaking South Africa and Egypt. He has been praised for assembling some of the best technocrats to help him run government following in the footsteps of Chief Olusegun Obasanjo, and his immediate boss, late Yar’dua.

Jonathan is credited with revolutionalising the infrastructure sector, opening up vistas for the construction of new railways in the country, including the Abuja-Kaduna railway, Lagos-Ibadan railway and conceptualised high speed rail projects. There are the construction and beautification of many federal roads in the country, including the Lagos-Benin expressway, Abuja-Lokoja expressway, Enugu-Abakiliki expressway, Onitsha-Owerri highway and most parts of the Enugu-Port Harcourt expressway. Also, construction of the second Niger Bridge between Onitsha and Asaba to relieve the pressure on the old Niger Bridge which was completed in December 1965. Construction of airports across the country. The Akanu Ibiam Airport in Enugu was upgraded into an international airport, directly connecting the South-East region of the country to the outside world for the first time since independence.

Among his many pluses, he gave a soul to the Almajiri caste of the north, creating schools to absorb homeless children of that region. He also established six universities across the geo-political zones.

Jonathan’s low point in administration was the January 2012 Occupy Nigeria Protests, which shut down the country for close to two weeks over government’s decision to remove fuel subsidy. The same people that berated Jonathan for the decision today canvassed for the removal.

Many analysts has said that the recent events have proved that Jonathan was a better administrator as most of the things he was called names for in times past has been initiated and propagated in today’s Nigeria.

Since leaving office, Jonathan has remained a focal point in international politics. In 2019, he was appointed as the honorary Special Adviser to the Bayelsa Education Trust Fund Board. In June 2019, Jonathan emerged as chairperson of the newly inaugurated International Summit Council for Peace (ISCP). In July 2020, Jonathan was appointed Special Envoy of the Economic Community of West African States (ECOWAS); to lead mediation talks during the 2020 Malian protests. His avalanche of awards and recognition speak volumes of his style of leadership and perception to human life.

Jonathan is married to Patience, a very vocal and visible member of administration during his hay days in Aso Rock Villa.

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Boss Picks

Koumagnon Family Pledges Unalloyed Support for Romuald Wadagni As President

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By Eric Elezuo

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

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

The declaration is presented in full:

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

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

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

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

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

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

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

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

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

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

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

Together, let us continue the efforts undertaken.

Together, let us consolidate our achievements.

Together, let us go further.

Long live Benin on its path toward progress!

Long live the WADAGNI–TALATA ticket!
Thank you.

Done at Sèmè-Kpodji, on 04/04/2026

The great KOUMAGNON family and allied families

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Boss Picks

The Billionaire Gang: The Quartet That Keeps Nigeria in Limelight

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By Eric Elezuo

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

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

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

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

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

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

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

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

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

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

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

ALIKO DANGOTE

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Dangote is surely an asset to this world!

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

ABDULSAMAD RABIU 

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

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

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

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

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

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

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

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

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

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

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

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

MICHAEL ADENUGA

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

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

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

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

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

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

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

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

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

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

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

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

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

FEMI OTEDOLA

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

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

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

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

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

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

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

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

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

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Boss Picks

The Boss Newspaper Welcomes Folu Adebayo into Its League of Columnists

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By Eric Elezuo

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

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

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

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

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

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

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

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