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Tag: FOLORUNSHO ALAKIJA

  • Folorunsho Alakija fulfills her promise

    Folorunsho Alakija fulfills her promise

    When asked about the most significant moments in her life, billionaire Folorunsho Alakija, renowned as Africa’s richest woman by Forbes, often refrains from discussing her considerable wealth. Instead, she attributes her success and achievements to her Creator, emphasizing that her greatest fulfillment comes from dedicating her life to the service of God. This deep conviction drives her philanthropic endeavors, particularly through her ministry, the Rose of Sharon Ministry, which has made remarkable strides in advancing spiritual outreach and winning souls for the kingdom of God.

    Recently, Alakija celebrated an important milestone in her philanthropic journey with the grand opening of the Osun State University Teaching Hospital—a project she generously funded years ago. This state-of-the-art facility, valued in the billions of naira, stands as a beacon of hope for the community, equipped with essential services that include a Community Health Unit, Maternity and Neonatal Care, and advanced Research and Diagnostic Laboratories. The hospital boasts a cutting-edge operating theatre, along with sophisticated diagnostic imaging services such as CT scans, MRI scans, ultrasound scanning, and comprehensive radiotherapy suites.

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    As the founder of Famfa Oil and a prominent figure in the fashion industry, Alakija’s commitment to this healthcare project underscores her belief in making impactful contributions that benefit humanity. While many in her financial bracket may focus on lavish expenditures, she has chosen a path of social responsibility, dedicated to creating a legacy that will endure beyond her lifetime.

    Her role as the chancellor of the university highlights her commitment to nurturing future generations of healthcare professionals. By improving medical education and addressing the acute shortage of healthcare personnel in Nigeria, Alakija’s donations are not merely acts of charity; they are strategic investments in the health and well-being of the communities she serves. With this hospital, she aims to strengthen healthcare provision in the region and save countless lives, fulfilling her promise to give back to the people and honoring her devotion to God.

  • Folorunsho Alakija calls for global action on gender equity

    Folorunsho Alakija calls for global action on gender equity

    In celebration of International Women’s Day (IWD), renowned businesswoman and philanthropist Folorunsho Alakija has urged the global community to accelerate progress toward gender equality.

    Alakija emphasised that words alone are no longer sufficient and that collective action is necessary to drive meaningful change.

    As the world acknowledges the strides made toward gender equity, it is clear that significant work remains to be done.

    Alakija’s call to action stresses the importance of moving beyond rhetoric and taking concrete steps to address the disparities and inequalities faced by women globally.

    To achieve true gender equity, Alakija, on Instagram, advocates for the removal of structural barriers that hinder women’s progress.

    This includes breaking down glass ceilings that prevent women from reaching their full potential and creating opportunities for women in areas where they are underrepresented.

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    By working together, Alakija said, individuals, organisations, and governments can drive meaningful change and create a more equitable world for women everywhere.

    Alakija wrote: “As we globally celebrate the strides achieved towards gender equity, it is evident that there is still so much more to do. Now, more than ever before is the time to move beyond words and to #accelerate action for women across the globe.

    “It’s time to break many more glass ceilings, remove structural barriers and ensure that opportunities are created for women where they don’t currently exist!Together we can drive this change! #AFA #IWD #AccelerateAction”.

  • Women gear up for Folorunsho Alakija’s Flourish Africa Conference

    Flourish Africa, a women’s empowerment platform dedicated to encouraging women to reach their God- ordained potentials, is finishing its plans to host women across the continent for the Flourish Africa Conference.

    Scheduled for July 20th, 2019 in Lagos, Nigeria, the conference, which is the third in its series is expected to host a thousand women from Africa with the theme “motion to disrupt.”

    Folorunsho Alakija, Founder, Flourish Africa, revealed that this year’s event would be an encounter with destiny as more meaningful networking opportunities and impact would be created through the platform.

    “Over the years, the Flourish Africa conference has impacted, transformed and empowered women across Africa which is a testimony of the fact that the platform is a worthy cause for women. This year’s event would be an encounter with destiny,” she said.

    She further stated the 2019 conference would provide a bigger opportunity for women to converge and share, network and encourage each other.

    She urged women to grab the opportunity to be there.

    In 2017, the maiden edition of the conference ignited a movement of gamechangers amongst the participants while 2018 saw the women breaking through. This year, the women would be setting a motion to disrupt.

    The testimonies of the conference since inception have warmed the hearts of women across the continent, which has assured them of the Founder’s vision of impacting the lives of women to become role models who will break through every barrier and become what God has ordained them to be.

     

  • Entrepreneur the solution to poverty in Africa – A.Y.E President

    Entrepreneur the solution to poverty in Africa – A.Y.E President

    The President of Africa’s Young Entrepreneur (A.Y.E), Mr Summy Smart has reiterated that the only way to harness poverty in Africa is that people should engage themselves in entrepreneurship activities. He said this in a press conference held at Fidelity place Victoria Island Lagos.

    In a bid to solidify the existing mutual and beneficial relationship between A.Y.E and Fidelity bank, an agreement was signed recently by both organizations in other to strengthen the ongoing efforts and initiatives of A.Y.E in developing and supporting future business leaders across the continent and also to tackle poverty in Africa, partnering the organization on their event tagged “Networking with the Giants Conference” scheduled for later this month.

    The annual conference, according to Smart, is an exceptional platform for some of the world’s most accomplished business leaders to network with perhaps the brightest entrepreneurs in Africa With a network of over 12.6 million members in Africa and 1.6 million members from Nigeria.

    Speaking at the event, the Chief Executive Officer of Fidelity Bank, Mr Nnamdi Okonkwo, said the essence of the partnership was “because we share the same ideas on entrepreneurship and job creation in line with the Federal Government’s economic diversification plan, more employment opportunities lead to poverty alleviation, improved food security and GDP growth.

    “People should endeavour to use their intellect and creativity to see what they can do for the development of the country. Also, the government cannot be responsible for everything,” he noted.

    The forthcoming A.Y.E conference is expected to welcome prominent business leaders such as Africa’s richest woman, Mrs Folorunsho Alakija, former president Olusegun Obasanjo, former governor of Lagos State Chief Bola Ahmed Tinubu and a host of others who members of the public will be able to meet one on one without protocol, the president stated.

  • Alakija opts for simple 66th birthday celebration

    Alakija opts for simple 66th birthday celebration

    Contrary to popular belief, the wealthiest people sometimes live the quietest lives. Billionaire Nigerian businesswoman, Folorunsho Alakija, is a case in point. Her birthday celebration when she turned 66 recently was far from being an elaborate affair.

    In view of her stupendous wealth, a lot of her friends and associates had geared up for a lavish celebration. Only last month, the popularly acclaimed richest African woman held a lavish wedding bash for her son, Funsho, and his Iranian beauty in the UK.

    For her own day in the sun, however, the billionaire business tycoon opted for a simple ceremony which was nonetheless attended by the high and mighty. The long list of the rich and famous at the occasion include Femi Otedola, Otunba Subomi Balogun and Tony Elumelu, among others.

  • Folorunsho Alakija in foul mood

    The saying that a good name is better than silver and gold explains why Africa’s richest woman, Folorunsho Alakija, is in a foul mood. When the good reputation you have built with decades of selfless service is being destroyed by the actions of a few selfish individuals, you cannot but feel a sense of frustration. This, unfortunately, is the case with Alakija, the founder of the Rose of Sharon Foundation.

    Alerted that some unscrupulous elements were using her foundation’s name to defraud unsuspecting organisations, especially banks, she has invited the EFCC into the matter. Already, one Vincent Ayewah has been fingered as the suspected culprit. The employee of the foundation allegedly forged an identity card with the intention of defrauding people with it.

    With the conspiracy of a few others, he was said to have been able to operate for a while before Alakija discovered that something was amiss and raised the alarm. Now on trial for conspiring to defraud the foundation of N3 million, Ayewah and other accused persons face the prospect of a lengthy time in prison.

  • Nigeria needs ground-breaking youths – Alakija

    Nigeria needs ground-breaking youths – Alakija

    The solution to the current social economic situation in the country and the continent is the need for a generation of ground breaking, resilient and adaptable young people.

    Executive Director, FAMFA Oil, Folorunsho Alakija stated this at the weekend, during the Grand Finale of Africa’s Young Entrepreneurs Empowerment Nigeria (AYEEN) 2016, in Lagos.

    She said there is need for youths that can create a great future at the award and celebrate 500 AYEEN beneficiaries.

    AYEEN identifies and empowers the most innovative solutions and economically viable businesses that have the potential and passion in converting the present level of their business to becoming ‘the next big thing’ in Africa regardless of the sector.
    Alakija, who is AYE’s Chief Executive Matron, noted that the transition from education to employment has become a matter of luck and sometimes ‘who you know’. She said private entrepreneurship is the only solution that guarantees the progress of youths and the economy.
    “If we give youths the opportunity the future is going to be bright,” she said.
    She said AYEEN and its programs remains the foremost entrepreneurship programme in Africa, adding that thousands of business owned by its members has benefited from grants including financial literacy
    programs, specialised skills training, soft loans from financial partners and structural support.
    She said the 500 beneficiaries have showcased the characteristics of innovation, passion and research in their business fortunes.
    She encouraged the beneficiaries  to challenge themselves by being relevant and dynamic in the face of the current recession.
    “Use your God given favours to change the lives of others through job creation. We will continue to monitor your business progress and render the necessary support,” she said.
    She added that the beneficiaries should not take likely what they have being empowered with, but should use it judiciously, be focused, look and plan ahead, and not mess around.
    She urged them to touch the lives of others by setting up businesses that will enable them to give back to the society. “They must work hard, build on and enlarge the money, make the best and the most of
    it,” she said.
    Alakija noted that the scale of the African and Nigerian challenges is large, saying that effective collaboration is needed to ensure a sustainable entrepreneurship future.
    She said this year’s AYEEN programme has experienced a massive turn out of entrepreneurs from Borno state, noting that despite their challenges of terrorism and internal displacement, they had the
    courage to apply and request for support.
    According to her, AYEEN has extended its mandate from entrepreneurship to include humanitarian support by the launch of ’empower Borno project’ in partnership with the Borno state
    government.
    She said the initiative would drive entrepreneurship evolvement in the state and change the state of violence. She urged all to support the initiative.
    President/ Founder Africa’s Young Entrepreneurs (AYE), Smart Francis said the beneficiaries will turn around and transform the economy of the country to drive us out of the current economic recession.
    According to him, entrepreneurs are the strength of Nigeria. “We must use our strength to overcome our weakness; Nigeria has determined entrepreneurs and they must put in energy to develop the nation.”
    He urged government to make entrepreneurship activity its priority, saying it is something that can transform a nation.
    “Government needs to create a system that is friendly to entrepreneurs and one that will enable them strive.”
    He appealed to government and other organisations to partner with AYE to enable them do more.
    He urged entrepreneurs never to give up, adding that if they fail, they should move on because challenges will come and go.
    He said the beneficiaries are given the grants in different sessions, adding that there is no limit to what amount can be given as grant but it depends on what the business is about and how much is needed.
    He said the business must be innovative, have the ability to move Nigeria forward and create jobs.
    AYE Vice President, Ibada Ahmed said AYEEN identifies exceptional innovations in the African continent and source for innovative, dynamic and economically viable businesses. She said the 500
    beneficiaries would create more jobs in Nigeria.

  • Folorunsho Alakija set to complete towers

    Folorunsho Alakija set to complete towers

    Folorunsho Alakija has expanded the frontiers of success by constantly challenging herself and beating her own records. Proceeding on the principle that only those who attempt the odd can achieve the impossible, Alakija has pushed herself to the point of becoming one of Africa’s richest women.

    What many do not know about Alakija is that she is a big player in the property and real estate sector in Nigeria. Having hit it big in the oil sector, she has invested a lot of her wealth in real estate in Nigeria and London. She also has investments in the Middle East.

    Right now, this pretty billionaire is building her dream home at Modupe Alakija Crescent, a highbrow street named after her in Ikoyi, Lagos. The street was formerly called Ikoyi Crescent. The dream house is being built by Julius Berger. So huge is the project that Julius Berger had to first build a mini-construction site before commencing work. The project is being handled by her property company, Dayspring Property Development, a construction company co-owned by her husband, Modupe Alakija. The construction is a three-floor residential building with a 16-floor mixed use tower beside it.

  • Folorunsho Alakija honoured

    Folorunsho Alakija honoured

    Mrs. Folorunsho Alakija was recently honoured with a doctorate degree of humanity at the University of Uyo, Uyo, Akwa Ibom state during the 21st Convocation ceremony of  the university.

  • Folorunsho Alakija set to complete Rose of Sharon Towers

    Folorunsho Alakija set to complete Rose of Sharon Towers

    Folorunsho Alakija is one business tycoon who has liberated many from cultural bondage by providing them with affordable locally deigned couture. Through her rare fashion designing skills, the oil tycoon elevated the art of clothe making and transported it to the high street where the choosy jet-set acknowledged the elegance and fine tailoring of garbs made here.

    She had started a career in fashion with her outfit, Supreme Stitches, which she later upgraded and changed its name to Rose of Sharon. Aside her staggering success in the oil and gas sector and her accomplishments in the fashion industry, Alakija is one of the biggest players in property and real estate sector in Nigeria. She is believed to have invested heavily in real estate in Nigeria and London.

    Among her numerous business investments is a real estate company called Dayspring Property Development Company Limited, which is currently developing her ongoing project, Rose of Sharon Towers. The building is located in Victoria Island, Lagos, with a magnificent view of Kuramo Waters and the Atlantic Ocean. There are three residential floors consisting 32 individual apartments of one, two and three bedrooms, all constructed to international standard and luxury finish.