Friday, 24 February 2017

Top 10 Igbo Business Billionaires In Nigeria


Today, we shall be looking at a list of top 10 Igbo billionaires in 2015. This list will be restricted to entrepreneurs only. Politicians and individuals whose source of wealth cannot be traced are excluded from this list.
We compiled this list based on the following criteria:
  • By the value of their shares held in quoted companies.
  • The size and market share of their companies
  • The number of companies they own and its estimated value
  • The market value of their company’s brand
  • The impact of their companies on the Nigerian economy
In a country with a population of over 200 million inhabitants and millions of businesses; these 10 Igbo entrepreneurs diligently carved their names in the sands of time by taking advantage of the fastest growing business opportunities in Nigeria. Below is our list of the top 10 Igbo Billionaires (entrepreneurs) ..

Below is our list of the top 10 Igbo Billionaires (entrepreneurs
Orji Uzor Kalu– Slok Group (Aviation, Shipping, publishing, manufacturing)
Orji Uzor Kalu is the chairman and founder of Slok Holding, a West African conglomerate with interests in shipping, banking, oil trading, manufacturing and the media.
Orji Uzor Kalu is also the chairman of the Daily Sun and New Telegraph newspapers in Nigeria, he served as the governor of Abia State, Nigeria from May 29, 1999, to May 29, 2007. Prior to his election, he served as the chairman of the Borno Water Board and the chairman of the Cooperative and Commerce Bank Limited. Kalu was also a member of the Progressive Peoples Alliance (PPA) and the chairman of the PPA Board of Trustees. He was the party’s candidate for president in the April 2007 general election.
He got his start in business at age 19 after being expelled from a Nigerian university for spearheading a series of student riots. He borrowed $35 from his mother and started trading commodities like palm oil, rice and sugar. He diversified into furniture manufacturing and transportation and became a millionaire by the time he was 20. He hit the big time in the early 80s when the Nigerian military government awarded him lucrative contracts to import and supply arms and ammunition to Nigeria’s military and defense forces. He was previously a governor of Abia state in Nigeria’s southeast.
Kalu is involved with the Njiko Igbo Movement, whose purpose is to help secure the presidential seat for a Nigerian citizen of Igbo extraction; an Igbo has only held the presidency for six months since Nigeria’s independence.  The movement has branches and support groups throughout the diaspora.
Dream big! Believe in yourself! No one has monopoly of success! Success can be replicated!

Culled from http://obindigbo.com.ng 

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