Mike Adenuga at 67, top 5 success factors of the billionaire
On April 29, 2020, Dr. Mike Adenuga, one of a rare patriot who believes in Nigeria and is also compassionate about youth empowerment marked his 67 birthday.
Adenuga who still spots a chubby face, looking younger than his age, is the owner on one of Nigeria’s telecom giant who has carved a nich for himself over the years as far as the story of success is concern.
Dr Mike Adeniyi Ishola Adenuga Jr. (GCON), Chairman of the Mike Adenuga Group, fittingly symbolises the African enterprising spirit of passion, unalloyed commitment, resilience and hard work.
As of May 2, 2020, Adenuga’s estimated net worth at $5.2 billion, according to Forbes.
Adenuga thrives on the principle of hard work, even as close associates say the billionaire works 18 hours a day.
“I have worked hard most of my life and I believe I have been very fortunate; although I must say I am a great believer in the man who said ‘The harder you work, the luckier you get”, Adenuga had confirmed.
In this report, Daily Times highlights the top 5 success factors young entreprenuers could learn from the man, who has built his business empire from the ground up
1. While in America, He was taught by Prof. West, a marketing guru who influenced Adenuga’s intellectual evolution and marketing savvy evident in the success story of Glo.
2. Coming back to Nigeria from America, he made his first million at age 26 selling lace and distributing soft drinks.
3. He set up a bank at the age of 35, the age when many people find it difficult to understand how the corporate world operate.
4. Adenuga venturèd into oil exploration. This made him the first Nigerian to discover oil in commercial quantity.
5. The billionaire decided to take a loan from the African Development Bank to support his oil exploration. He wanted about $10 million from ADB not for his personal interest but with the aim to establish a loan repayment and business transaction record with a multilateral financial institution. He had anticipated a time when he would need to borrow from a foreign bank to support his projects.
