KOKO’s Men Of The Week: Boardroom Shakers, A Celebration Of The Naija Success Spirit

This week we’ve decided to celebrate our naija very own boardroom shakers the great entrepreneur minds that are re-shaping the business landscape with innovative entrepreneur spirit that has ushered Nigeria into a new era that has put Nigeria on the world map for some of their acute decision-making and the level of success they have achieved in their different spheres of lives. This 3 men mentioned in this weeks edition of KOKO’s Men Of The Week are Alhaji Aliko Dangote, Chief mike Adenuga And Mr Femi Otedola, This names are not new in the or alien to almost everybody or anybody who listens or watch television at all. Dangote cement is the most used building cement across West-Africa with over 60million users per across Africa… They’re the leaders of the African Business spheres of the 21st century

  1. Alhaji Aliko Dangote:  Just recently Alhaji Dangote made a significant jump on the list of world’s richest from 106th in the world to 63 and still remains the richest in Africa, and also the richest Blackman in the World. The Dangote refineries and fertilizers factories was open for operations just last month, he intends to use it to stop the fuel scarcity that is usually witnessed in the Country and also to produce enough fertilizers to help use drive the agricultural sector of the country to greater heights.
  2. Chief Mike Adenuga: Mike Adenuga the owner of Cobblestone Housing And Real Estate, Globacom Telecommunications, Conoil petroleum products, is also one of the most recognized Nigerian self-made Billionaire, he is the 2nd richest blackman in the world, he diversified from banking into Telecommunication and Oil products production and Sales. GLO has over 45 million subscribers (December 2018), making it the second largest network operator in Nigeria. In 2011, GLO became the first telecommunication company to build an $800 million high-capacity fibre-optic cable known as Glo-1, a submarine cable from the United Kingdom to Nigeria. It is the first successful submarine cable from the United Kingdom to Nigeria.
  3. Femi Otedola: Femi Otedola (born 4 November 1962) is a Nigerian businessman, philanthropist, and chairman of Forte Oil PLC, an importer of fuel products. Otedola 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.In December 2010, African Petroleum rebranded, changing its name to Forte Oil PLC. Otedola carried out a restructuring of the business, focusing on technology and improved corporate governance. Forte Oil returned to profit in 2012. In 2013, as part of the Federal Government’s push to liberalise Nigeria’s ailing power sector, Otedola financed 57% of Forte Oil subsidiary Amperion Ltd, which acquired the 414 MW Geregu Power Plant for $132 million. Forte’s improved financial position and diversification into power generation resulted in a 1,321 per cent rise in its share price during 2013. The first half of 2014 saw the company’s pre-tax profit more than double year-on-year to 4.19 billion naira ($25.7 million). Revenue growth for the whole year was 33 per cent. In November 2014, Otedola returned to the Forbes rich list having dropped off it following the fall in share price during 2009. In September 2015 Forte Oil sold 17 per cent of its equity to Swiss commodity trader Mercuria Energy Group, giving Forte access to global commodity markets. The deal was thought to have given Otedola an estimated $200 million. Photo Credit: Getty

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