Stats: 3,191,793 members, 7,945,496 topics. Date: Tuesday, 10 September 2024 at 06:28 PM |
Nairaland Forum / Nairaland / General / Business / Nigeria's Richest People And Secret To Their Success (1161 Views)
25 Richest People In World In 2018 And Their Net Worth / Folorunso Alakija: My Oil Block And How I Became Nigeria's Richest Woman / See Some Of Nigeria's Richest Men In One Photo (2) (3) (4)
(1) (Reply)
Nigeria's Richest People And Secret To Their Success by wandevincent(m): 7:41am On Apr 05, 2016 |
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.
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. Look ate what
Chukwuma Innocent is doing with his
automobile manufacturing plant ( Innoson
Vehicles ). 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. Jim
Ovia focused on banking. 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, t hey 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; Ifeanyi Uba’s Capital Oil and Gas is
the largest importer and distributor of
Kerosene.
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. |
Re: Nigeria's Richest People And Secret To Their Success by ehinmowo: 8:44am On Apr 05, 2016 |
next time, try to enumerate you points. it makes it easy to read |
(1) (Reply)
Please Help!!! I Want To Introduce A New Brand Of Liquid Detergent / The EFFC Vs Innoson Story: The True Facts Are Beginning To Emerge / Am In Urgent Need Of Dollars
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 26 |