Hello ladies and gentlemen, welcome to the second edition of the Rebrand Nigeria Champion Series!
In this week’s edition, we are celebrating one of the most powerful women in the world and the richest woman in Africa, who is doing exploits in business and philanthropy.
We are delighted to present to you, Mrs. Folorunsho Alakija, the Managing Director of the Rose of Sharon Group, which include the Rose of Sharon Prints and Promotions Limited; Digital Reality Print Ltd and Dayspring Property Development Company Ltd.
She is also the Executive Vice Chairman of Famfa Oil, an oil company with stakes in the Agbami Oilfield, a prolific offshore asset. The company also partners with renowned energy companies such as Chevron and Petrobras Oil Corporations.
In 1993, Mrs. Alakija received an oil prospecting license (OPL) from the Nigeria government, which permitted her company to explore oil on a 617,000 acre block known as OPL 216 that is situated in Agbami Field of the central Niger Delta area. This license was later converted to an oil mining lease.
Folorunsho began her career as an Executive Secretary in 1974 at Sijuade Nterprises, Lagos. She then went on to work at the former First National Bank of Chicago, which later became FinBank, now acquired by First City Monument Bank (FCMB).
When she left the banking industry, she established a fashion company called Supreme Stitches, which became a household brand by the time it was expanded and called “Rose of Sharon House of Fashion”. Through her fashion house, she has promoted the Nigerian culture internationally and has even served as the National President and lifelong Trustee of the Fashion Designers Association of Nigeria (FADAN).
She also owns a voluntary, faith-based, non-profit organization called “The Rose of Sharon Foundation” that is focused on alleviating poverty among widows and orphans. The foundation provides financial aids, scholarships, accommodations, health care and legal services to the less privileged across the country.
The foundation has empowered over 4,000 widows with vocational skills, awarded scholarships to over 1,700 children whose mothers are widows and over 290 orphans. Women receive loans without interests to start-up their businesses.
Over 600 widows have been provided with accommodation, free medical care and legal services. Indirectly, more than 20,000 families in all the 6 geopolitical zones of Nigeria have been reached positively by the organization.
To ameliorate the sufferings of Nigerians impacted by the #Covid19 lockdown, her foundation donated N25,000 to each of their registered widows and orphans across the Nigeria while Famfa Oil donated N1 billion towards the fight against Covid-19 spread in Nigeria.
Alakija has received many awards and recognition such as the first female Chancellor of a public tertiary institution in Nigeria, the Osun State University. She is 20th on the list of 2020 Forbes Africa’s Billionaires, 2nd Most Powerful Woman in Africa in 2015; the 87th Most Powerful Woman in the World by Forbes in 2015, the 1941th Forbes Billionaires in 2019 among others.
Wooww, what an amazing story of a Rebrand Nigerian Champion?
At the #UgwumbaLeadershipCenter, we are proud of Mrs. Folorunsho Alakija, because she is the richest women in the continent of Africa but because of what her foundation is doing in empowering Nigerian women and their families, thus developing our communities.
She deserves some accolades, what do you think?
Remember, that the Rebrand Nigeria Campaign is powered by the Ugwumba Center for Leadership Development in Africa.
God bless Nigeria!