7 Enterprises Owned by Nigeria’s Wealthiest Woman, Folorunso Alakija 

Folorunso Alakija, acclaimed as Nigeria’s richest woman and one of the world’s most affluent Black women, has amassed her wealth through diverse ventures spanning fashion, oil, gas, and real estate.

Forbes, recognizing her resilience and astute investments, has repeatedly acknowledged her as one of the world’s most powerful women.

As the vice chair of Famfa Oil, a Nigerian oil exploration company, Alakija has played a pivotal role in the company’s remarkable success, solidifying its position in the oil and gas industry through strategic partnerships with major players like Chevron and Petrobras.

Alakija’s entrepreneurial journey commenced in the 80s in the fashion industry with her first label, “Supreme Stitches,” swiftly rising to prominence.

Here are the seven companies owned by Folorunso Alakija highlighted:

1. Famfa Oil: As the vice chair of this indigenous oil exploration company, Alakija played a pivotal role in its success, securing strategic partnerships with major players like Chevron and Petrobras. This venture has redefined success on the African continent, leaving an indelible mark on the oil and gas industry.
2. Digitalreality Print: Transforming from Rose of Sharon Prints and Promotions, this company stands tall as one of Nigeria’s leading commercial printing giants, offering cutting-edge technology. Alakija’s enterprising spirit and creative drive fuel the unparalleled standards in quality and efficiency.
3. Dayspring Property Development Company: Alakija’s foray into real estate has given rise to iconic structures like Rose of Sharon Towers and Center Point, setting a standard of excellence in luxury real estate development in Lagos.
4. Rose of Sharon Foundation: Established in 2008, this NGO, founded by Alakija, empowers widows, their children, and orphans through educational programs and scholarships, embodying her commitment to making a positive impact.
5. Famfa Towers: This 22-story office complex in Ikoyi, Lagos, stands as the corporate headquarters of Famfa Oil, highlighting Alakija’s commitment to excellence. Developed without bank loans, the tower is a testament to her business acumen.
6. The Rose of Sharon Group: Serving as the parent company and conglomerate for Rose of Sharon Towers, Rose of Sharon House of Fashion, and Famfa Oil, this diversified conglomerate spans fashion, oil and gas, real estate, and philanthropy, showcasing Alakija’s multifaceted entrepreneurial vision.
7. Rose of Sharon Tower: Situated on Victoria Island, this mixed-use development managed by Dayspring Property Development Company Limited offers a luxurious living experience, reflecting Alakija’s dedication to creating exceptional spaces. It’s clear to see these seven companies underscore the depth and diversity of Folorunso Alakija’s extraordinary business empire.