₦airaland Forum

tommy589:
If you tell them unborn children from poor homes will still become billionaires in Nigeria they won't believe.There is no standard formula to wealth.Abiola and most of the old money did not come from rich homes.
Coming from a wealthy background only enhances connection to opportunities not that it guarantees direct access to wealth.

amaridigital:
You are wrong. Absolutely wrong. Is Otedola the only Billionaire pikin in Nigeria? This is the 4th richest person in Nigeria for crying out loud. Where are ojukwu's pikin, Abiola's pikin, Balewa's, Folawiyo's pikin, Babangida's pikin? Was his father the only former Governor in Nigeria? Where are the kids of our past presidents? Remember that the guy isn't in active politics oh. Have you forgotten that Bode George was once a Governor? This guy's story is a great motivation for people all over. Haba, na so e easy!! Otedola is arguably the few names ringing since the 90's in Nigeria. The guy really tries oh. Kudos to you senior man. You are an inspiration to millions. What you went through was enough to discourage you and turned you into a wayward kid or a druggie but you stood your ground and fought your battle. The psychological effect of your learning difficulties must have been difficult to bear especially among your siblings and a mom who would be so worried but you fought your demon and overcame. Today only 4 Nigerians are on the Forbes Billionaires list and you, not former Governors, not former Presidents but you, Otedola are one of them. What an inspiration you are.

Factcheck0001:
check his records

His family have been big in Lagos since, his grandpa was once a governor.

It's just like adelabu the present minister of power coming to give motivational talk when we all know where he's coming from

smtx:
So True!
And when they say his father was a Governor of Lagos State, it's funny.... Cos his father was a Governor for 10 months before Abacha took over....

Islie:
Billionaire Femi Otedola recounts how his struggle with academics pushed him out of the classroom and into the world of business, where he would eventually build his fortune.




https://www.premiumtimesng.com/news/more-news/815072-how-i-dropped-out-of-high-school-and-didnt-go-to-university-femi-otedola.html

Factcheck0001:
Hmmmm

Billionaire pikin...


Personally left to me I don't see any big deal about this cos even a brain dead billionaire pikin still has great advantage than the most brilliant student from the poorest home.


Stories that motivate me are stories of rags to riches not stories of billionaire pikin to billionaire.

For people who will come here to attack me, let me drop a quick one for u.

When we were young, we had a guy called Felix, he was so dull in school that he had F in all his subjects n we nicknamed him ozone layer.

As it was then, public schools were still very standard so Felix was told to repeat, all his father did was just send him to a private school n was part of PTA committee viam Felix finish secondary school.

The father being a big custom officer no waste time, Felix the ozone layer was sponsored abroad n today e get mouth pass we wey brilliant for class then.


Imagine someone who travelled abroad immediately after secondary school around 2007, imagine how much e go don make n how soft him go b by now.

Lukuluku69:
Largely help by his Father being the Governor of Lagos.

He was his Dad's Bagman.

Though he managed it well but that also contributed to his Rise.

delpee:
You obviously didn't read the story.

smtx:
So True!
And when they say his father was a Governor of Lagos State, it's funny.... Cos his father was a Governor for 10 months before Abacha took over....

grandstar:
A friend informed me that a consortium of banks lent him $1.5bn in 2002 or so, which was probably what he used to dominate the diesel industry in Nigeria.

I don't know how true. It is true though that he went bankrupt when the price of crude oil crashed to $35 per barrel in 2009 from $140 the previous year. His creditors were on his neck!

The buying and selling of refined oils is a highly leveraged one.

Factcheck0001:
Hmmmm

Billionaire pikin...


Personally left to me I don't see any big deal about this cos even a brain dead billionaire pikin still has great advantage than the most brilliant student from the poorest home.


Stories that motivate me are stories of rags to riches not stories of billionaire pikin to billionaire.

For people who will come here to attack me, let me drop a quick one for u.

When we were young, we had a guy called Felix, he was so dull in school that he had F in all his subjects n we nicknamed him ozone layer.

As it was then, public schools were still very standard so Felix was told to repeat, all his father did was just send him to a private school n was part of PTA committee viam Felix finish secondary school.

The father being a big custom officer no waste time, Felix the ozone layer was sponsored abroad n today e get mouth pass we wey brilliant for class then.


Imagine someone who travelled abroad immediately after secondary school around 2007, imagine how much e go don make n how soft him go b by now.

9jatriot:
This is very inspiring,
One takeaway for me is that it is good for families to have businesses that their kids get involved in. They may not inherit it but they will learn valuable lessons just being involved in it.

Walai:
Before the school nah scam gang appear in this thread let me remind anyone reading this that Femi Otedola's father was a billionaire. Thank you for your attention to this matter

chukkystar:
Yes He was more advantaged but He made more use of His time than most cos He understood the system earlier. Most Jewish Billionaires don't finish college too there's a reason for that. Plus the school system doesn't teach how to make Ur own money or manage Ur own business just teaches how to be a good employee. He did well though especially leveraging on His Father's success. Many Governors Children are very useless today, it's like their parents used their head for Juju..

Lukuluku69:
Baba, the Governor of Lagos State for 3 Months can make you a Billionaire then you can leverage on that afterwards.

smtx:
That means by your analysis Ambode should be like 4 times wealthier than Otedola?

BabaO2:
steeve Jobs of Nigeria

Elzazzi:
How u go compare Femi to Jobs ? Lol

amaridigital:
You are wrong. Absolutely wrong. Is Otedola the only Billionaire pikin in Nigeria? This is the 4th richest person in Nigeria for crying out loud. Where are ojukwu's pikin, Abiola's pikin, Balewa's, Folawiyo's pikin, Babangida's pikin? Was his father the only former Governor in Nigeria? Where are the kids of our past presidents? Remember that the guy isn't in active politics oh. Have you forgotten that Bode George was once a Governor? This guy's story is a great motivation for people all over. Haba, na so e easy!! Otedola is arguably the few names ringing since the 90's in Nigeria. The guy really tries oh. Kudos to you senior man. You are an inspiration to millions. What you went through was enough to discourage you and turned you into a wayward kid or a druggie but you stood your ground and fought your battle. The psychological effect of your learning difficulties must have been difficult to bear especially among your siblings and a mom who would be so worried but you fought your demon and overcame. Today only 4 Nigerians are on the Forbes Billionaires list and you, not former Governors, not former Presidents but you, Otedola are one of them. What an inspiration you are.

tommy589:
If you tell them unborn children from poor homes will still become billionaires in Nigeria they won't believe.There is no standard formula to wealth.Abiola and most of the old money did not come from rich homes.
Coming from a wealthy background only enhances connection to opportunities not that it guarantees direct access to wealth.

Lukuluku69:
Bros, you never can put a finger to the Wealth and how Wealthy the Governors are. Otedola Father was Governor in early 90s, he has gone into business and I would expect him to be Richer but my point is that being a Governor anywhere in Nigeria makes you Rich.

Look at Yahya Bello of Kogi State, Gbenga Daniels of Ogun State, Metawalle, Ibori etc are they not Rich People by Nigerian Standard?

smtx:
The idea that his father's 10-month term as governor made him a billionaire is a false narrative, that's my point.