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20 Nigerian Billionaires and Richest Entrepreneurs in Nigeria

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What's the trick to the success of the best 20 most affluent people in Nigeria? Exactly what does it require to be a billionaire in Nigeria?

Below is a compiled inventory of Nigerian billionaires and top most affluent folks in Nigeria today but please this list is likely to be limited to entrepreneurs exclusively. People and politicians whose source of riches cannot be followed are excluded from this list.our list is firmly focused on entrepreneurs / business owners whose companies could be established; not politicians. 
Read Also: Small Business Advice for Success
The standards for coming up with this particular list 

The majority of you might be wondering what standard or the standards on which I compiled this list of wealthiest people. Well, I compiled this list on the basis of these standards:

From the net worth of the shares held in companies that were quoted.
The size as well as market share of the businesses
How many firms they own and its worth that is assumed
The market value of the firm's brand
The impact on the Nigerian market of these businesses

Since I believe we can learn a great deal from them, I compiled this list of wealthiest people in Nigeria and emphasized the key for their success. Nigeria as a nation was labeled all kind of names and a lot was said about Nigeria negative and positive but I'm proud that some people stood tall to tell the world that we've got potentials.

Nigerian Billionaires and Richest Entrepreneurs

Even with business challenges involved with starting a company in Nigeria and the brutal landscape; the successful entrepreneurs recorded below held their ground and fought their approach to the very best. In a state having numerous companies and a population of over 150 million inhabitants; these 20 entrepreneurs carved their names by using the quickest growing business opportunities in Nigeria.

So instead of boring you by using their success stories; I 'd preferably take out the critical lessons learned in the life span of the billionaires. If you're willing to understand, then below is a listing of the Nigerian Billionaires (entrepreneurs) and top most affluent individuals in Nigeria.

Nigerian Billionaires and Top 20+ Richest People (Entrepreneurs) in Nigeria 2015

1. Alhaji Aliko Dangote – Dangote Group, (Manufacturing, oil & gas,)

2. Mike Adenuga – Conoil, Globacom (Oil & gas, Banking, Telecom)

3. Femi Otedola – Forte Oil and Gas (Oil & gas)

4. Orji Uzor Kalu – Slok Group (Aviation, Shipping, publishing, manufacturing)

5. Cosmos Maduka – Coscharis Group (Automobile, manufacturing)

6. Jimoh Ibrahim – Nicon Insurance, Global Fleet (Insurance, transportation, oil & gas)

7. Jim Ovia – Zenith Bank, Visafone (Banking, Telecom)

8. Pascal Dozie – MTN Nigeria, Diamond Bank (Banking, Telecom)

9. Oba Otudeko – Honeywell Group Nigeria, Pivotal Engineering, Airtel (Manufacturing, oil & gas, telecom)

10. Alhaji Sayyu Dantata – MRS Group (Oil & gas, construction)

11. Umaru Abdul Mutallab – former Chairman First Bank Plc, Mutallab Group

12. Prince Samuel Adedoyin – Doyin Group (manufacturing, pharmaceuticals)

13. Dele Fajemirokun – Chaiman Aiico Insurance, Xerox Nigeria, Chicken Republic, Kings Guards (Insurance, Security, Technology, Food retailing)

14. Chief Cletus Ibeto – Ibeto Group (Trading, manufacturing, oil & gas)

15. Raymond Dokpesi – Daar Communication, AIT, (Entertainment)

16. Tony Ezenna – Orange Group (Pharmaceutical, oil & gas)

17. Chief Molade Okoya Thomas – Chairman CFAO Nig and other six french companies (Automobiles)

18. Ifeanyi Ubah – Capital oil and gas (Oil & gas)

19. Leo Stan Ekeh – Zinox (Computer, technology)

20. Fola Adeola – GTBank (Banking)

21. Chief Ade Ojo – Elizade Motors Nig LTD, Distributor of Toyota cars (Auto retailing)

22. Abdulsamad Rabiu – Bua Group (Oil & gas, manufacturing)

23. Folorunsho Alakija – Famfa Oil (Oil & gas)

24. High Chief O.B. Lulu Briggs – Moni Pulo (Oil & gas)

25. Hakeem Bello Osagie – Etisalat Nigeria (Telecom)

26.  Sani Bello – Amni Petroleum (Oil & gas)

27.  Mohammed Indimi – Oriental Petroleum (Oil & gas)

28. Sir Emeka Offor – Chrome Group (Oil & gas, marine)

29.  Chief Arthur Eze – Atlas Oranto Petroleum (Oil & gas)

30. Vincent Amaechi Obianodo – Young Shall Grow Motors, RockView Hotels (Transportation, hotels)
Haven now shared the list with you i now go back to my initial question of how did they amass such wealth and whats the key to their success.
Now we all know the Wealthiest People in Nigeria, but do you want to know  the Key for their Success and The Way They Made their wealth?
if yes the welcome to Abode Business. you might want to bookmark us and add us to favorite as we will be updating most insightful  updates on business and Entrepreneurship at large. you can better still input you email below to get updates right in your inbox.

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Take a detailed look in the Nigerian billionaires listed above and you'll find the names of entrepreneurs that extensively comprehend their line of business such as the palm of the hands. They understand the in depth intricacies of the different companies they're involved in.
The billionaire creator of Coscharis group, Cosmos Maduka liken himself to a first class degree holder in the University of Auto Spare Parts. This goes a ways to demonstrate to you personally that understanding your line of business is crucial to success in business but life generally.

They're concentrated
The most affluent people in Nigeria are concentrated; they stuck to it and selected a particular company of the strength. You then have to obey the very first law of company success of Andrew Carnegie; the steel mogul in the event you are going to make it in Nigeria.

"And here is the prime state of succeeding, the great secret. Focus ideas, your energy and capital alone upon the company where you're engaged in. Embrace every development, have the very best machines and understand the most about it." - Andrew Carnegie

Then think again because it is the truth completely in case you believe this statement is a simple fad. Aliko Dangote focused on basic needs and commodities while Femi Otedola concentrated on gas and oil. Ade Ojo and Cosmos Maduka focused on cars; Fola Adeola focused on banking, computers were concentrated on by Leo Stan Ekeh and Raymond Dokpesi focused on amusement and broadcasting. This ought to let you know that attention is an essential variable to succeeding in operation.

They're relentless and dogged. To these set of people, success isn't an alternative; it is essential.

Mike Adenuga lost over 20million dollars and had his telecom permit revoked but he refused to quit.

The authorities shut down Chief Cletus Ibeto's cement firm however he persevered and refused to quit.

So then you definitely have to be ready to stick it through to the end if you're ever likely to have your name listed as among the most affluent individuals in Nigeria. You need to never quit.

The Nigerian billionaires possess vision and a solid company mission; and these two variables propel them. Take away their company assignment plus they have been no more; because their entrepreneurial nature is in the assignment of the companies, this is. Consider for instance:

Fola Adeola is on a mission to offer Nigerians with advanced banking services; Raymond Dokpesi is outside to give Nigerians undermine news and info on happenings and Leo Stan Ekeh desires to place a pc in every house. Vision and a solid company mission is the reason these guys came successful.

One aspect I enjoy about Nigerian billionaire entrepreneurs is they are big thinkers. They love to do huge things and believe big. In spite of the fact they began little; they dreamed enormous.

Since they're excellent networkers, the most affluent individuals in Nigeria became wealthy. They network among themselves and patronize each other's services; and they pool their resources collectively, form a consortium, do the offer and divide the gains when a big deal is on board. For this reason they issued the most affluent individuals in Nigeria.

The Nigerians billionaires listed above are great at networking when the demand arises, yet, they compete against each other. The most affluent individuals in Nigeria understand life is unfair and that nothing comes easy; so they fight with all they have got to keep in business. The capacity to stay afloat as well as competitiveness are vital to survival in operation.

They may be adaptable

Flexibility is among the strengths of the most affluent individuals in Nigeria. They comprehend the landscape very well; they are aware the authorities is the most inconsistent body up to now, so that they prepare themselves forehand. They fix their companies to align with such change and quickly keep a watch to the changing routine of the authorities. While their opponents are still grappling with all the reality on earth in addition, they are fast to adjust to present situation and tendency.

They can be opportunist

The most affluent people in Nigeria are opportunists; they learn the best way to make the most of scenarios. Where others see difficulties, chances are seen by these set of people and begin a company around such chance. While other Nigerians shy from difficulty; since they understand that behind every difficulty, these guys adopt hardship is chance.

"Behind every hardship is a chance. Should you lament on the difficulty, you are going to miss the chance." -

They realize that riches lies within their power to convert problems into worth and opportunities like the primeval alchemists that attempted to turn lead into gold.

In areas where individuals view lots of challenges, I see lots of chances. That's what makes me different, perhaps exceptional. Where others do not see an excellent businessman sees. What I see, may very well not see. It's not possible to see because this is the key of the company... the world is a huge market waiting for anybody who understands the tenets of the game." -

They've a solid business management team
The existence of a company team is the reason most affluent individuals and Nigerian billionaire entrepreneurs can quickly make the most of chances; run multiple companies while minding their family affairs and raise capital. A company team is essential in your transition from a small company into a business that is big.

Conclusion: no matter how big they are now, no matter the great wealth they have amassed now, Remember they started from somewhere

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