Tuesday, 22 May 2012


Adenuga was once a lowly Taxi driver in the United States; today he sits atop a multi-billion dollar Nigerian conglomerate spanning telecoms, energy and real estate. He is also one of the continent’s richest men, with a net worth of $4.3billion 

When he was in his late teens, Adenuga left the shores of Nigeria to study Business Administration at Northwestern University and Pace University in the United States. Even as an undergrad international student, the young Adenuga was already exploring ways of earning additional income. He took up a job as a taxi driver and worked as a security guard at night to pay his way through school. After acquiring his business degrees in the United States, he returned back home to Nigeria and inherited a small Sawmill operation from his father, a former schoolteacher who equally doubled as a small-scale entrepreneur. Adenuga worked at the sawmill but at the same time ventured into commodity trading and the importation of lace materials. It was through these diverse business concerns that he made his first million at the age of 26, and built the foundation for one of Africa’s largest privately held conglomerates – and personal fortunes.

While most people are only aware of his brilliant achievements in mobile technology, Adenuga’s success in the telecom business was foreshadowed by his groundbreaking achievements in the construction, oil and banking sectors.

When he was still in his twenties, he ventured into the construction business. Leveraging on his personal relationships with influential military officers, Adenuga was able to corner lucrative government construction contracts, which he executed satisfactorily. He soon built a reputation for quality service and prompt delivery and earned the trust of several top-ranking government officials. It was not long before Adenuga cemented his position as a top government contractor, and bigger contracts followed.

As his construction business blossomed, Adenuga began scouting for more adventurous and sophisticated business opportunities. In 1989 he applied for a banking license and founded Devcom Bank, one of Nigeria’s earliest merchant banks. A year later, he founded Equitorial Trust Bank (ETB), which has grown to become one of the country’s most successful commercial banks.

Well i am not only motivated but inspired, i respect greatness and Mr Mike Adenuga is one. hope this articles motivates you to be the best of you

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