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Folorunsho Alakija

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Folorunsho Alakija

Folorunsho Alakija (born on 15th of July, 1951) is a Nigerian billionaire businesswoman and philanthropist. She is involved in the fashion, oil, real estate and printing industries. Folorunsho Alakija is ranked by Forbes as the richest woman in Nigeria with an estimated net worth of $1 billion as of 2020.

Quotes

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  • Persevere – Never give up! Today’s world enjoys electricity because of those who did not give up!
    • Folorunsho Alakija speaking about perseverance.
  • We have grown past the stage of fairy-tale. As women, we have one common front and that is to succeed. We have to take the bull by the horn and make the change happen by ourselves.
    • Folorunsho Alakija insists on how women can make the change.
  • It’s essential to draw up a “things to do” list on a daily basis and set priorities in executing them, making sure that any unfinished task gets posted to the next day’s list.
    • Folorunsho Alakija speaking on how important to have a to-do list daily.
  • Unemployment should not be handled with kids’ gloves, but curtailed through the creation of jobs by the instrumentality of entrepreneurship.
    • Folorunsho Alakija emphasizes curtailing unemployment.
  • Be diligent to succeed as there is a way where there be no way, only the persistent and diligent find it.
    • Folorunsho Alakija speaking on diligence leading to success
  • Thinking opens the doors to our minds and makes us receptive to the very idea of broadening our horizons and learning new things.
    • Folorunsho Alakija sharing why you must think
  • Always see challenges as opportunities in disguise. It’s not really about how much we possess, but rather how well we manage and use what we are entrusted with.
    • See challenges has opportunity Folorunsho Alakija says.
  • Just start small with what you have and you can grow the business.
    • Folorunsho Alakija advising on starting with what you have.
  • For as long as one is alive, one will always have other things to achieve.
    • Her reply when asked if she has achieved all that she wanted at age 70] (18 July 2021)
  • My wealth allows me to reach out to others, to those in need. I am a God-fearing woman and I am not in competition with anyone. I use my wealth to touch the lives of others.
    • When asked if her extreme wealth makes her uncomfortable. (2015)
  • It was a real eye-opener. It made us better Christians. For every battle we fought, a better lesson was learnt”.
    • She recalled how many of her friends stood back and watched while she was fighting the state to reclaim her seized assets
  • It is not every business one ventures into that one would succeed at.
    • when asked about the most profound lessons she has learnt about business and life in general
  • “I once dared to dream and if I could succeed, then so can you!”
  • “Rome was not built in a day. As you continue to struggle to make ends meet, somewhere, somehow, you will make it.”
  • “People should not just look at people who are on top. They should go and study how they got there and the challenges they had to face as they while climbing the ladder.”
  • Don’t give up when things get tough, just hang in there, stay focused and be patient.
  • My late father was one of those who, despite being a billionaire, initially had the mentality that educating the female gender was a waste of money. So, I was sent to England for a shorter course– for after all according to him, women would just become housewives bearing another family name.
  • My siblings and I used to help my mum in the store and that is where we learned a lot about textiles, textures, colours, patterns and merchandising. That is where I learned all the practical steps that I later on applied to my fashion business.
  • You have to start from little and then grow to a conglomerate. It is one step at a time and while doing this, do not forget your responsibilities to your spouse, children and God.
  • I sowed seeds of tenacity, courage, patience, and passion. I refused to take ‘no’ for an answer,
  • I do not see gender. I do not see a situation where people think that men were created specially to be able to make better decisions than women.
  • I walk in there with confidence; I walk in there with boldness, and I say what I mean and mean what I say. I put my foot down. I don't allow anyone to pull the wool over my face.
  • I make sure I don't keep quiet because it may be misunderstood. Your keeping quiet might make it look as if you don't know your onions.
  • I'm an asset and not a liability


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