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Atiku Narrates How He Made Money - Politics - Nairaland

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Atiku Narrates How He Made Money by ct2: 12:26pm On Dec 02, 2017
Former Vice President of Nigeria Atiku Abubakar for the first time said he started business as a transporter in 1971, while he was in the full employment of the Nigerian Customs, working at Idi-Iroko border.

The former Vice President made the fresh revelation after receiving the Honourary Achiever Award, at the Africa’s Youth Entrepreneurs Conference and Award titled “A Stand With The Giants”, at InterContinental Hotel in Lagos on Thursday night.

Atiku dedicated his award as Honourary African Outstanding Entrepreneur to Nigerian youths, and urged the youth to have more drive towards entrepreneurship.

“I came to Lagos on June 29, 1969 and after my two years training (with the Nigeria Customs Service); I was posted to the border station of Idi-Iroko. At that time, the Badagry Road had not been constructed and the only means of transportation to the rest of the West African corridor was through the Idi-Iroko border to what used to be called Dahomey and what is now known as Benin Republic.

“On getting to Idi-Iroko, my first posting, I was not married and what I discovered was that the most promising business was transportation. Many pickup vans were transporting women traders from Ajase (Port Novo) to Lagos every morning, and every evening from Lagos back to Port Novo.

“So I asked myself, how I can seize the opportunity of this moving business. I came over to Lagos and in those days SCOA were the sole distributors of Peugeot, so I went to SCOA and I signed a hire-purchase agreement and bought four of those pickups and gave them to four different drivers and every day they will bring their returns to me and at the end of the month, I will go to SCOA and pay them.

“I wasn’t married, so my salary was intact and in addition I was saving from what I was getting from my transport business. So, sometime, to be an entrepreneur you must have the ingenuity to be an entrepreneur.”

The revelation was not contained in his 328 page biography: Atiku:The Story of Atiku Abubakar, written by the late Onukaba Adinoyi-Ojo and published in 2007. The book detailed Atiku’s two year life at the border post, his chance meeting with Titi, the woman who later became his first wife and the challenges faced with smugglers bringing goods from Benin Republic.

atiku Style.JPG

Atiku noted that the country’s education system in the early 1960s provided the Nigerian youths the opportunities to make diverse career choice.

According to the former Vice President, “the educational system we operated in the First Republic provided our students then the opportunity to either go to universities or go to technical colleges or to go to crafts schools. There was never a dropout in that kind of educational system. The dullest was trained on a skill and given the capital to start a business.”

Atiku Abubakar however regretted that “suddenly, Nigeria moved away from that to a system of education where you train only job seekers.

He pointed out that the products of this educational system don’t know how to do anything else other than to seek for jobs, adding that they cannot self-employ themselves. “So, what I am trying to say is that my Nigeria is possible and your own Nigeria is possible”, he said.

The former Vice President urged the youth to take advantage of the rebound in railway infrastructure that was built by the last administration to start a business initiative of transportation of goods across the country and reduce the reliance on heavy duty trucks to convey those goods.

He paid glowing tributes to music art youngster, Wizkid for his besting some of the greatest in the industry to clinch the Best International Act at the MOBO awards.

“Wizkid’s international award is a victory for Nigeria. Art is important not only for the revenue it brings and the business around it but for the image of our country. A good image has the capacity to trigger investments. The investments will generate much needed jobs. The jobs will not only ensure the security of families but the security of our nation and engender progress and development”, he said.



- NAN
https://www.nigerianbulletin.com/threads/atiku-narrates-how-he-started-his-business-in-1971-as-a-transporter.252807/
Re: Atiku Narrates How He Made Money by Nobody: 12:39pm On Dec 02, 2017
Atiku was a giant until his corrupt practices betrayed him.
Re: Atiku Narrates How He Made Money by SoNature(m): 12:42pm On Dec 02, 2017
I think we should be fair in our judgment in Nigeria.

If Saint Buhari could lead the country into recession, look the other way when his men are shredded in corruption scandals and not chart a clear course to making one dollar to be equal to one naira, it's high time we sent him back to Daura and then try a ''seemingly corrupt' Atiku grin

Atiku runs lots of multibillion naira companies, giving Nigerian youths hopes of being engaged after schooling. What industries can Buhari boast of after serving in petroleum ministry and being a young head of state?

If I will be in Nigeria in 2019, for me and my household, it's going to be anyone else but Buhari!
Re: Atiku Narrates How He Made Money by Beress(m): 12:44pm On Dec 02, 2017
givan:
Atiku was a giant until his corrupt practices betrayed him.

Did he impregnate your mother
Re: Atiku Narrates How He Made Money by Konquest: 1:21am On Mar 23, 2018
ct2:
Former Vice President of Nigeria Atiku Abubakar for the first time said he started business as a transporter in 1971, while he was in the full employment of the Nigerian Customs, working at Idi-Iroko border.

The former Vice President made the fresh revelation after receiving the Honourary Achiever Award, at the Africa’s Youth Entrepreneurs Conference and Award titled “A Stand With The Giants”, at InterContinental Hotel in Lagos on Thursday night.

Atiku dedicated his award as Honourary African Outstanding Entrepreneur to Nigerian youths, and urged the youth to have more drive towards entrepreneurship.

“I came to Lagos on June 29, 1969 and after my two years training (with the Nigeria Customs Service); I was posted to the border station of Idi-Iroko. At that time, the Badagry Road had not been constructed and the only means of transportation to the rest of the West African corridor was through the Idi-Iroko border to what used to be called Dahomey and what is now known as Benin Republic.

“On getting to Idi-Iroko, my first posting, I was not married and what I discovered was that the most promising business was transportation. Many pickup vans were transporting women traders from Ajase (Port Novo) to Lagos every morning, and every evening from Lagos back to Port Novo.

“So I asked myself, how I can seize the opportunity of this moving business. I came over to Lagos and in those days SCOA were the sole distributors of Peugeot, so I went to SCOA and I signed a hire-purchase agreement and bought four of those pickups and gave them to four different drivers and every day they will bring their returns to me and at the end of the month, I will go to SCOA and pay them.

“I wasn’t married, so my salary was intact and in addition I was saving from what I was getting from my transport business. So, sometime, to be an entrepreneur you must have the ingenuity to be an entrepreneur.”

The revelation was not contained in his 328 page biography: Atiku:The Story of Atiku Abubakar, written by the late Onukaba Adinoyi-Ojo and published in 2007. The book detailed Atiku’s two year life at the border post, his chance meeting with Titi, the woman who later became his first wife and the challenges faced with smugglers bringing goods from Benin Republic.

atiku Style.JPG

Atiku noted that the country’s education system in the early 1960s provided the Nigerian youths the opportunities to make diverse career choice.

According to the former Vice President, “the educational system we operated in the First Republic provided our students then the opportunity to either go to universities or go to technical colleges or to go to crafts schools. There was never a dropout in that kind of educational system. The dullest was trained on a skill and given the capital to start a business.”

Atiku Abubakar however regretted that “suddenly, Nigeria moved away from that to a system of education where you train only job seekers.

He pointed out that the products of this educational system don’t know how to do anything else other than to seek for jobs, adding that they cannot self-employ themselves. “So, what I am trying to say is that my Nigeria is possible and your own Nigeria is possible”, he said.

The former Vice President urged the youth to take advantage of the rebound in railway infrastructure that was built by the last administration to start a business initiative of transportation of goods across the country and reduce the reliance on heavy duty trucks to convey those goods.

He paid glowing tributes to music art youngster, Wizkid for his besting some of the greatest in the industry to clinch the Best International Act at the MOBO awards.

“Wizkid’s international award is a victory for Nigeria. Art is important not only for the revenue it brings and the business around it but for the image of our country. A good image has the capacity to trigger investments. The investments will generate much needed jobs. The jobs will not only ensure the security of families but the security of our nation and engender progress and development”, he said.



- NAN
https://www.nigerianbulletin.com/threads/atiku-narrates-how-he-started-his-business-in-1971-as-a-transporter.252807/
Re: Atiku Narrates How He Made Money by Ratello: 2:44am On Mar 23, 2018
This man have the necessary credentials to become Nigeria's President. If not for anything at least for being a detribalized Fulani man with vested interests in business scattered across the 6 geopolitical zones employing the Yorubas, Igbos, Hausas, Fulanis, Tivs, Idomas, Kanuris, Ogojas etc. He is the man
Re: Atiku Narrates How He Made Money by EazyMoh(m): 3:01am On Mar 23, 2018
3 trucks in 1971 translate to billions in 1990s, that's 20 years. What's more suspicious is that this most important detail about his wealth was omitted in his endorsed official biography.
Well what can I say he already has supporters from a particular Cardinal direction.

2 Likes

Re: Atiku Narrates How He Made Money by kolaaderin: 5:15am On Mar 23, 2018
SoNature:
I think we should be fair in our judgment in Nigeria.

If Saint Buhari could lead the country into recession, look the other way when his men are shredded in corruption scandals and not chart a clear course to making one dollar to be equal to one naira, it's high time we sent him back to Daura and then try a ''seemingly corrupt' Atiku grin

Atiku runs lots of multibillion naira companies, giving Nigerian youths hopes of being engaged after schooling. What industries can Buhari boast of after serving in petroleum ministry and being a young head of state?

If I will be in Nigeria in 2019, for me and my household, it's going to be anyone else but Buhari!


Just a bit explanation from him on how he was able to purchase 4 new buses from SCAO without at least a reassuring collateral request from him after just two years at our border. He should tell us how he saved to have at least 25 percent of the cost of the buses within two years as a recruit at the border.
Re: Atiku Narrates How He Made Money by herraph: 8:11am On Mar 23, 2018
We need good business men to manage Nigeria now that our economy is Soooooo bad

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