Hello Nigerians, good afternoon and welcome to this week’s edition of the Rebrand Nigeria Champions Series!
Our champion for this edition is Mike Adenuga. He is the owner of Globacom telecommunications network and the chairman of conoil Producing Limited. He is one of the richest men in the world and the 2nd richest man in Nigeria.
Michael Adeniyi Agbolade Ishola Adenuga was born on the 29th of April, 1953 to Oloye Michael Agbolade Adenuga Snr and Omoba Juliana Oyindamola Adenuga (née Onashile, of Okesopin, Ijebu Igbo), in Ibadan, Oyo State.
He attended Ibadan Grammar School for his secondary school education and proceeded to Comprehensive High School Aiyetoro for his Higher School Certificate. Mike Adenuga is a graduate of Business Administration from North Western Oklahoma State University and he also has an MBA from Pace University, New York.
Adenuga started out as a taxi driver in New York hustling to pay for his university tuition. At some point, he sold soft drinks and lace material.
Life took a better turn for him as he became one of the beneficiaries of the new policy made by Professor Jubril Aminu, the Minister of petroleum during Babangida’s regime. The policy allowed individuals to engage in the business of oil exploitation and exploration. In 1990, he was granted a drilling license and in 1991, he started his Consolidated Oil in the shallow waters of Ondo state.
In 1999, Mike saw another opportunity in Telecommunication and acquired a GSM license from the Federal Government With which he started the Globacom. Globacom has grown rapidly to become a very large Telecom Operator in Nigeria and Africa with over 36million subscribers.
In 2008, he extended Globacom services to Benin and has further expanded to Ghana and Cote ‘d’ivoire. He is still scouting for more licenses in other West African countries.
In 2015, Mike Adenuga acquired the Ivorian Mobile Telecoms Operator ‘Comium’ in Cote d’I’voire for $600m. Mike is still on top of his game and his name comes to mind when you mention Oil and Gas or Telecommunication in Africa.
Besides his two companies; Globacom and conoil, Mike Adenuga has stakes in different multinational companies in Nigeria including Stanbic IBTC Bank.
His efforts in the entrepreneurial and humanitarian sectors have been recognized and honoured with national and internation awards too numerous to mention.
African Entrepreneur of The Year at ATA 2007
Grand commander of the order of Niger (GCON) 2012
Companion of the Star of Ghana (CSG) 2018
100 distinguished and Eminent Nigerians Centenary Awards 2018
Commander of the Legion of Honour 2018
Many thanks for staying with us this week.
The Rebrand Nigeria Campaign is powered by the Ugwumba Center for Leadership Development in Africa.
God bless Nigeria!