27 Mar


On Herald this week is …..

Folorunsho Alakija

A Baroness whose life growth so far, can be referred to as a “grace to grace growth model“. She was born to a wealthy family at Ikorodu Lagos Nigeria on the 15th of July 1951. She is the second surviving child of her father Chief L.A.Ogbara. At age seven she and her sister Doyin were sent to Northern Wales for their primary education but returned 4 years later based on the desire of their parents for the girls to maintain their African culture, traditions and values.Folorunsho started her career in 1974 as an executive secretary at Sijuade Enterprises, Lagos, Nigeria. In 1976 Folorunsho got married to her loving lawyer husband Modupe Alakija, a marriage that has being blessed with four handsome men. She had learnt fabric merchanting from her mother at a young age hence the push behind her travelling abroad United Kingdom to be precised, to study fashion design in 1984. On her return she started supreme stitches with which she became the best designer in the Nigeria by 1986. In 1993 she applied for the licence to the mother of her financial stardom. It was an OPL to explore for oil on a 617000-acre block (currently OPL 216). Her company Famfa limited was granted the licence to this block a land located at the south east of Lagos in the Agbami field of central Niger by the then president Ibrahim Babangida. This  company managed by her sons and husband has made her the richest woman in Nigeria, the richest black woman in the world and the fourth richest black in the world.

she is the National president and lifelong trustee of the Fashion Designers Association of Nigeria (FADAN).Folorunsho Alakija has a foundation called the Rose of Sharon Foundation that helps widows and orphans by empowering them through scholarships and business grants.She also founded the Folorunsho Alakija Scholarship Scheme (FASS) which has consistently aided remarkable number of Nigerians who can not afford good and quality education.The most fascinating part of it all is that on the 9th of March, 2016 she became the first female Chancellor (Osun State University renamed Bola- Ige University) in Nigeria.

Moral Lessons

1. Your parents wealth can aid you in getting your own wealth if only you are determined to acquire your own wealth. Don’t settle with the mindset that your parents are wealthy so you will become wealthy. That you were born with a silver spoon does not mean you will keep having the spoon.

2. Despise not the days of little beginning. Always be willing to start from somewhere. Folorunsho started as a Secretary today she is a billionaire. Start somewhere. 

Its being Heralds with Julius Ojonugwa Akubo on Treasure network catch you same time next week.

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Posted by on March 27, 2017 in Uncategorized


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