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The image of Africa continues to be daily shaped by the history and present events of our relationships with the wider world. Nigeria as a nation as its reputation rubbed by the happenings of Africa, and like the Giant Of Africa it is acclaimed to be, it is very obvious that it mounts giant strides in the economy.

One particular stride is the inclusion of its citizens in the recently released Forbes 23 African Billionaires as released by Forbes Africa.com. Although it is no longer news, let’s take a look at their success story

Here is the list of Nigerians included in Forbes 23 Africas Billionaires List 2018:

Aliko Dangote:

Ranked the first on the list, is our very own Aliko Dangote with a Net worth of $12.2 billion. The 60-year-old man had a grandfather who was a successful trader of rice and oats in Kano, Nigeria’s second-largest city.

He is named as Africa’s Richest man, he founded and chairs Dangote Cement, the continent’s largest cement producer.He owns stakes in publicly traded salt, sugar and flour manufacturing companies and also owns nearly 88% of publicly traded Dangote Cement through a holding company. Dangote Cement currently produces 44 million metric tons annually and has created plans to increase its output by 33% in the year 2020.

Mike Adenuga:

With a net worth of $5.3 billion, he is positioned comfortably as the 5^th on the African’s Billionaires List 2018. He is Nigeria’s second richest man, having built his wealth in telecom and oil production. My admiration for him goes beyond barely sharing same last name, it can be attributed to his ambition and his drive towards success. At age 26, he made his first million whilst selling lace and distributing soft drinks.

He moved to get his MBA at Pace University in New York while supporting himself as a student by working as a taxi driver.

Currently, at age 64, his mobile phone network, Globacom is the second largest operator in Nigeria with 37 million subscribers. His oil exploration outfit, Conoil Producing produces six oil blocks in the Niger Delta.

Folorunsho Alakija:

At present, she is posed as the richest woman in Nigeria. She estimated to have a net worth value of $1.6 billion. Her wealth originates from Oil. At 67, she is the vice chair of Famfa Oil, a Nigerian oil exploration company with a stake in Agbami oil field, a prolific offshore asset, that partners also with Chevron, Petrobras. Her first company was a fashion label with customers including the wife of former Nigerian president Ibrahim Babangida. The Nigerian government awarded Alakija company an oil prospecting license in 1993, which was later converted into an oil mining lease

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This article was first published on 19th February 2018 and updated on February 22nd, 2018 at 1:10 pm

adepeju

Adepeju Adenuga is a writer (considering where you are reading this, makes perfect sense). She holds a Masters Degree in Literature in English from the University of Lagos.