Business Trends & Strategies, General

The Untold Secrets Of Folorunsho Alakija’s Wealth


Nigerian businesswoman who is the second richest woman after Isabel Dos Santos and also the third richest woman of descent in the world, Folorunsho Alakija, has shared some tips on how she became successful in her endeavours.

Speaking recently at her inauguration ceremony as Chancellor of the University, she explained certain key areas for women who aspire to be successful.

The 65-year-old who is ranked by as the richest woman in Nigeria with an estimated net worth of $2.1 billion, enjoined women not to take no for an answer in their respective pursuits for success.

She said: “Many doors were shut in my face but I refused to give up and kept going back and it paid off; see where I am today. Be determined to succeed as there is always a way where there seems to be no way. Only the persistent and diligent find it.”

Then she emphasized the need for punctuality. She stated that “time is money” and must be used prudently.

The former banker turned business mogul also harped on key areas such as patience, courage, having the right mentors, and spirituality.

According to her, divine blessings from God turned her life around and blessed her with a successful marriage, family and kids.

Read her full success tips which she titled the “wisdom pills” below:

“Say no to . Find mentors for practical guidance in your chosen career. Find out God’s purpose for your life and embark on it. Exercise patience and have courage. Courage is fear that has said its prayers.

“Always remember, that anything worth doing at all is worth doing well. Don’t sit on the fence but come to Nigeria’s defence.

“Proffer solutions and follow through. My personal ethics have been formed through family influence, religious beliefs, life’s experiences, my personal reflections and the culture in which I was raised. My family instilled a strong work ethic in me as a child and they hardly ever missed a day of work.

“Ethics is a word I live by because it is conducted in a work environment and in individual daily life. I always try to do the right things and this will be my guiding principle throughout my 5 year tenure at University.”

Mrs. Folorunsho Alakija started off first as a fashion designer catering to elites in society among which was Maryam Babangida, wife of Nigeria’s former military president. As a result of her business savvy nature, her company reportedly got an oil prospecting license from Mrs. Maryam Babangida.

Over the years, she has been immersed in oil, prints as well as philanthropy. In spite of the current dwindling price of oil in the international market, the billionaire has enjoyed considerable relevance in the and global economic communities.






Source: Naij

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