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‘How I got into the oil business’ – Billionaire, Mrs Folorunsho Alakija

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One of the world’s richest black women, Mrs Folorunsho Alakija has opened up on how she got into the oil business that has made her a billionaire. Speaking during the Women Inspiration & Enterprise WIE event that held two weeks ago, the chairman of Famfa Oil & Gas, said she got into the business through perseverance and hard work

“It was not a planned thing at all. A friend actually contacted me that some people wanted to buy crude oil and she was wondering if I will be able to get them to make the purchase. I got an appointment with the Minister of Petroleum and he told me that it’s not the way to go because there wasn’t much profit in selling it and because it’s a foreign company that Nigeria is imposed at selling its crude to international market. That it will be better to look at other things. I went back to my friend and told her what the Minister said. Then it seemed as if that door was shut but something else came up. I chose not to walk away so I went back to offer another service which was catering services. And yet again I was shut down. I did not give up, I just knew that something had to come out of it. I spoke again to some friends in the oil industry and I was told to ask to be able to supply transportation services for those who are purchasing crude within the country but I was shut down again by the minister.

Then the last time I went to see the Minister, he told me that the government wants Nigerians to be involved in Nigeria’s exploration and production. That it has been the multinationals that have been taking advantage of the oil business in Nigeria. So I was like OK…probably this is not the likes of me. I felt like there was no point coming back but honestly, I’m not the type to take no for an answer. So I began to ask questions, I began to knock on doors, I began to seek information and in the long run, I applied for an oil bloc. But all through that time, the ministers have been changed 3 times so each time they are changed, it takes me back to the bottom of the ladder and I will have to start all over again but I still did not give up. The whole thing started in January 1991 till the end of 1993. I kept going, kept going, kept praying, in-between I became a born-again Christian. That was when I knew the lord. When I was 40, I decided to enter a covenant with the lord that if he blesses me, that I will serve him for the rest of my life and then I got the oil license. It eventually came after 3years but I did not get the one I wanted.” she said

On her husband’s role in all her business pursuit, she said
“My husband was solidly behind me. There were many times that I will go back home crying and he would tell me to stop crying and he would tell me to stop crying that after all, we are not starving, we are very comfortable. I had his support financially, morally because I had a settled home. I had a balanced relationship with my Husband and my children. All that helped me to dare to make a difference” she said
Source: LIB

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1 Comment

1 Comment

  1. balogun michael

    May 14, 2014 at 9:04 pm

    Am happy for u ma, may God do my own also see u @ d top

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Tinubu Visits Sanwo-Olu, Says “I’m Still The Jagaban”

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Tinubu Visits Sanwo-Olu, Says “I’m Still The Jagaban”

 

Asiwaju Bola Ahmed Tinubu, former governor of Lagos State and National leader of the ruling All Progressives Congress on Saturday paid a courtesy visit to the governor of the state, Babajide Sanwo-Olu.

Tinubu, in his visit to the governor, stated that contrary to false news making the rounds, he did not travel to France, adding that he is still the Jagaban.

He also denied rumours that his son Seyi was kidnapped or chased out of his residence outside the country, emphasizing that nobody can chase him or his family out of Lagos.

The former governor’s visit comes after the infamous shooting of unarmed protesters in Lekki area of the state.

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Air Force Intervenes, Slams Policemen For Shooting At A Crowd (Video)

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Air Force Intervenes, Slams Policemen For Shooting At A Crowd (Video)

A viral video has captured moment soldiers of the Nigeria Air Force intervened and slammed some policemen for shooting at a crowd.

Air Force slammed Policemen

The incident which occurred at a yet to be identified venue showed some men of the Nigeria Air Force calling on officers of the Nigeria police to cease fire.

In the videos also, residents were seen running helter-skelter while soldiers used a megaphone to call for calm. “Stop shooting, the Air Force are here”, the soldiers could be heard screaming.

However, the policemen appeared reluctant in taking orders from the soldiers until one of them showed proof of his rank by pointing to the stars on his shoulder.

The soldier also warned that if they refuse to ceasefire, he would charge them and their headquarters for inciting violence.

The officer who spoke on behalf of the Air Force then commanded the policemen to move their van behind theirs so the Army would serve as a buffer between them and the crowd.

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#EndSARS: Hoodlums vandalize Senator Gershom Bassey’s family house in Calabar

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#EndSARS: Hoodlums vandalize Senator Gershom Bassey’s family house in Calabar

Senator Gershom Bassey’s resident has been vandalized and looted by hoodlums rampaging the streets of Calabar.

Information Nigeria gathered that the hoodlums overpowered the security men attached to the property.

 

This is in spite of the  24 hours curfew declared in Cross River state.

Some of the buildings already vandalised include the Independent National Electoral Commission (INEC) office along Marian Road, Cross River State Transport Regulatory Agency (CRTRA) office and banks along Mayne Avenue and 8-Miles Calabar.

Federal institutions like the Ministry of Agriculture, Cross River Basin Authourity, and Federal Psychiatric Hospital were also vandalized.

Houses belonging to some politicians were not spared. Some of those affected include Senators Gershom Bassey and Victor Ndoma Egba. Bassey’s houses located at Mayne Avenue by White and the one at Asari Iso were looted and burnt.

Egba’s house located within the same Asari Iso axis was also vandalized.

To restore normalcy, military personnel have reportedly taken over major streets.

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