Business
BILLIONAIRE BUSINESSMAN, HARRY AYOADE AKANDE’S SIMPLICTY
Billionaire Harry Ayoade Akande towers above many of his contemporaries, particularly because he has been in warm embrace of fame
for many decades.
Beyond his famed status as a successful businessman, he has also
remained very relevant owing to his uncommon brilliance, a quality that
has endeared him to many across the globe.
The Agbaoye of Ibadan, who set out to pursue his dreams quite early in
life, had served as a business advisor and consultant to many other
businessmen, including governments of several nations.
Interestingly, in spite of his intimidating curriculum vitae, the
Forbes- rated billionaire comes across as humility personified. Society
Watch gathered that the philanthropist displayed his sense of simplicity
weeks back at an event. Apart from his simple dress, many were
pleasantly surprised to see him shake hands, hug and even take
photographs with journalists and a number of guests on the occasion.
His philanthropy is out this world. Little wonder, his homes in Nigeria
and abroad are always a beehive of activities. The former presidential
candidate of All Nigeria People’s Party (ANPP) obtained his MBA from
the America’s top business school, North Western University’s J L
Kellogg School of Management on, following his graduation in 1967 from
Hampton University with a B.Sc in Accounts and Finance with the highest
honours.
He returned to Nigeria in 1971 after working as a financial consultant
with KPMG Peak Marwick and Standard Oil in the USA. Thereafter, he
registered his first company, International Corporation, which he later
renamed AIC Limited.
The billionaire later became the first president of NAFTEC (New Africa
and Technical Electrical Company), which is the representative company
of General Electric (GE) of America.
President Bola Tinubu has reaffirmed the Federal Government’s commitment to rehabilitating and repositioning Nigeria’s dormant national refineries, declaring that the facilities will not be allowed to become stranded assets.
Tinubu was represented by the Permanent Secretary of the Ministry of Petroleum Resources, Mrs Patience Oyekunle, at the 20th OTL Africa Downstream Energy Week in Lagos on Monday.
The President said the government is adopting a more rigorous and commercially sustainable approach to the rehabilitation of the Port Harcourt, Warri and Kaduna refineries.
“At the same time, the government remains committed to ensuring that existing national refining assets are not allowed to become stranded investments,” the statement said.
“We are pursuing a more rigorous, commercially sustainable approach to the rehabilitation and repositioning of our refineries, supported by technical assessment, stronger partnerships, and improved operational discipline.”
The objective, according to the administration, is for Nigeria to refine more of its crude oil, create greater domestic value and become a reliable supplier of energy to Africa.
The national refineries, managed by the Nigerian National Petroleum Company Limited (NNPC), have remained largely inactive for years despite significant spending on turnaround maintenance. The NNPC has signed a memorandum of understanding with Chinese firms as part of ongoing efforts to revive the facilities.
Tinubu also noted the contribution of private refining capacity, particularly the Dangote Refinery, which has reached its 650,000 barrels-per-day nameplate capacity, in strengthening Nigeria’s prospects of becoming a net exporter of refined petroleum products.
AICL GMD Maureen Tamuno calls for stronger diaspora investment in Africa through trust, transparency, skills transfer and sustainable partnerships
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