Have you ever wondered how Aliko
Dangote emerged the richest black man
in the world? Have you ever wondered
how the richest people in Nigeria
became rich?
Have you ever tried to
find out the exact success secret of
Nigeria’s billionaire entrepreneurs? Well,
this article is going to put all your answers to
rest.
In this article, I am going to spill the untold
success secrets of the richest people in
Nigeria and how they became billionaires. If
you are prepared to replicate these success
secrets, then below are the untold success
secrets of the richest people in Nigeria.
The Richest People in Nigeria and
Secret to their Success
1. They are Strong Willed
The richest people in Nigeria are strong willed
in spirit. They are dogged and persistent. To
these set of individuals, success is not an
option; it’s a must. These successful Nigerian
entrepreneurs refuse to be held down by their
circumstance; instead, they reached out for
their inner strength and went for success.
Above all, these entrepreneurs don’t take no
for an answer; they simply refuse to give up
and that was why they succeed.
“When Raymond Dokpesi was on
the verge of losing A.I.T; he refused
to give up.
Mike Adenuga had his telecom
license revoked twice and lost over
20million dollars but he refused to
give up.
Orji Uzor Kalu had his oil bloc
license and his aviation license
revoked; his airline business was
grounded and the business
accounts of his publishing firm (The
Sun) was frozen, yet he refused to
give up.
Chief Cletus Ibeto’s cement
company was shut down by the
government but he persisted and
refused to give up.
So if you are ever going to have your name
listed as one of the richest people in Nigeria;
then you must be prepared to stick it through
to the end. You must never give up.
2. They thoroughly understand their line
of business
Take a close look at the Nigerian billionaires
listed above and you will see the names of
entrepreneurs that thoroughly understand
their line of business like the palm of their
hands. They know the in-depth intricacies of
the various businesses they are involved in.
Cosmos Maduka, the billionaire founder of
Coscharis group even liken himself to a first
class degree holder from the University of
Automobile Spare Parts. This goes a long way
to prove to you that knowing your line of
business is essential to success not only in
business but life in general.
3. They are focused
The richest people in Nigeria are focused;
they chose a specific business of their
strength and stuck to it. If you are ever going
to make it in Nigeria, then you must obey the
first law of business success of Andrew
Carnegie; the steel mogul.
“And here is the prime condition of
success, the great secret.
Concentrate your energy, thoughts
and capital exclusively upon the
business in which you are engaged
in. Having begun in one line,
resolve to fight it out on that line;
to lead in it. Adopt every
improvement, have the best
machinery and know the most
about it.” – Andrew Carnegie
If you think this statement is a mere fad, then
think again because it’s the truth in its entirety.
Aliko Dangote focused on commodities and
basic needs while Femi Otedola
concentrated on oil and gas. Cosmos
Maduka and Ade Ojo focused on
automobiles; Fola Adeola focused on
banking, Leo Stan Ekeh concentrated on
computers and Raymond Dokpesi focused on
broadcasting and entertainment. This should
tell you that concentration is a key factor to
succeeding in business.
4. They have a strong business mission
and vision
The Nigerian billionaires have a strong
business mission and vision; and these two
factors propel them to greatness. Take away
their business mission and they are no more;
this is because their entrepreneurial spirit is in
the mission of their businesses. Take for
instance Aliko Dangote, he is on a mission to
provide the basic needs of over 150 million
Nigerians; Femi Otedola is out to provide Oil
and gas at a uniform price with faster
delivery. Fola Adeola is on a mission to
provide innovative banking services to
Nigerians; Leo Stan Ekeh wants to put a
computer in every home and Raymond
Dokpesi is out to give Nigerians
uncompromised news and information on
happenings. A strong business mission and
vision is the reason these men emerged
successful.
5. They are excellent networkers
The richest people in Nigeria became rich
because they are good networkers. They
network among themselves and even
patronize each other’s services; and when a
big deal is on board, they pool their
resources together, form a consortium, execute
the deal and split the profits. This is why they
emerged the richest people in Nigeria.
6.They are Competitive
The Nigerians billionaires listed above are
very good at networking with each other; yet,
they still compete against each other when
the need arises. You can see an example of
this when Aliko Dangote used MRS Group to
compete against Femi Otedola for the shares
of Chevron Nigeria. The richest people in
Nigeria know that nothing comes easy and life
is not fair; so they fight with all they’ve got to
stay in business. Competitiveness and the
ability to stay afloat are essential to survival
in business.
7. They think big
One attribute I love about Nigerian billionaire
entrepreneurs is that they are big thinkers.
They think big and love to do big things.
Despite the fact that they started small; they
dreamed big. Aliko Dangote is the largest
cement manufacturer in Africa and also wants
to build the biggest refinery in West Africa,
Femi Otedola is the largest diesel importer in
Nigeria; Jimoh Ibrahim runs Nicon (the biggest
insurance company in Nigeria), and Raymond
Dokpesi owns the first indigenous cable
network television in Nigeria. So if you are
going to leave a legacy in life, then you must
think big and act big.
8. They are flexible
Flexibility is one of the strengths of the richest
people in Nigeria. They understand the terrain
very well; they know that the government is
the most inconsistent body so far, so they
prepare themselves forehand. They keep an
eye on the ever changing pattern of the
government and swiftly adjust their businesses
to align with such change. They are also
quick to adapt to current situation and trend
while their competitors are still grappling with
the reality on ground.
9. They are opportunist
The richest people in Nigeria are opportunists;
they know how to take advantage of
situations. Where others see problems, these
set of individuals see opportunities and start
a business around such opportunity. While
other Nigerians shy away from adversity; these
men embrace adversity because they know
that behind every adversity is opportunity.
“Behind every adversity is an
opportunity. If you lament over the
adversity, you will miss the
opportunity.” – Ajaero Tony Martins
They know that wealth lies in their ability to
convert problems into opportunities and
value; just like the ancient alchemists that
tried to turn lead into gold.
“A good businessman must have
nose for business the same way a
journalist has nose for news. Once
your eyes, ears, nose, heart and
brain are trained on business, you
sniff business opportunities
everywhere. In places where
people see a lot of obstacles, I
see a lot of opportunities. At times,
there is something instinctive in me
that tell me a business opportunity
exist even at a place where others
see nothing. That is what makes me
different, maybe unique. A good
businessman sees where others
don’t see. What I see, you may not
see. You cannot see because that
is the secret of the business… the
entire world is a big market waiting
for anybody who knows the rules of
the game.” – Orji Uzor Kalu
10. They have a strong business
management team
It is often said that behind every successful
man is a woman. In this case, I will say that
behind every successful entrepreneur is a
strong business management team. The
presence of a business team is the reason
why Nigerian billionaire entrepreneurs and
richest people can swiftly take advantage of
opportunities; raise capital and run multiple
businesses while minding their family affairs. A
business team is vital in your transition from a
small business to a big business.
11. They love Nigeria
Above all the success secrets of the richest
people in Nigeria, this is the greatest. Love for
Nigeria made the Nigerian billionaire
entrepreneurs invest heavily in the country.
They have all it takes to move their investment
elsewhere but they chose to invest in Nigeria
because they believe in Nigeria. This factor is
so prevalent that even Aliko Dangote
advocated the need for entrepreneurs to
firmly believe in Nigeria; instead of going
abroad in search of greener pasture. This is to
say that if you must strike it rich in your
country; then you must believe in your country.
As a final note, these are the eleven
secrets that are responsible for the
success of the richest people in Nigeria.
If you want to join this list of Nigerian
billionaires; if you want to imprint your name on
the sands of time, then replicate these
strategies and I will see you at the top.
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