Immigrants in many African countries such as Nigeria, South Africa, Kenya, Angola, Senegal and Tanzania, constitute some of the continent’s richest people (Read: The Massive Wealth Of The Chagoury Family). The majority of immigrants in Africa come from countries including India, China, The United Kingdom, Lebanon, Italy and France. Nigerian law makes it somewhat difficult (a lengthy process) for immigrants to obtain citizenship opportunities in the country. A process that can be overridden through political corruption. The same law makes it acceptable for corporations to employ expatriates (and not Nigerians) in executive leadership positions that Nigerians are well qualified to fill. Over a decade ago, Nigeria began privatizing government controlled wealth channels in industries inclusive of oil, electricity, shipping and other infrastructure related businesses. This led to the development and growth of free trade zones and deep-sea port projects across the country. Some off these projects are developing strongly with huge investments being pumped into them while others have stalled. The Lekki Free Trade Zone has received upwards of $1 billion in investments from investors such as Puma Energy, China Railway and Imad Oil & Gas. The Olokoja Free Trade Zone along the cost of Ogun and Ondo state stalled during Olusegun Mimiko’s 8 years as Governor of Ondo State and Ibikunle Amosun’s 8 years as Governor of Ogun State. Governor of Ondo State, Oluwarotimi Akeredolu is seeking to re-instate and develop the Olokoja Free Trade Zone Project to deliver massive financial benefits to his state. The Badagry Deep Sea Port project is under-development with immigrants constituting over 60% of the investors. Some of the investors include Orlean Invest, owned by Italian Billionaire Gabriele Volpi (Read: How London Arbitration Court Mandated Wale Tinubu Pay Gabriele Volpi $680 million) and managed by his son Simone Volpi; other investors include the richest indian-owned company in Nigeria, Chagoury Group, Imad Oil & Gas (owned by Bashir Adamu and Abba Dasuki) and the Australia-based Macquarie Group co-founded by Australian Billionaires David Clarke and Mark Johnson.
Want to push your dreams in great-people, good-nation, poverty-ridden, corruption-stricken, high-potential country of Nigeria? You must read Olatorera Oniru’s 2018 e-book titled Push Your Dreams available now on Olatorera.com and on Amazon.com.
The Olatorera Consultancy brand has grown from an ambitious solo-preneur to a team of over 50 people highly assertive on providing the seal and stamp of “Africa’s Best” to great businesses in Africa and beyond. Chief Executive Consultant, Olatorera Oniru is very passionate about seeing businesses succeed and operate optimally. She is also notably passionate about witnessing Africa transformed into one of the world’s greatest continents. Olatorera Consultancy has an annual outline of businesses we work with. We currently do not accept unsolicited applications. To network with the team at Olatorera Consultancy Limited, please add your company to the reviews page here. An Olatorera Consultancy company representative may be in touch with you shortly after reviewing your company’s readiness for business consultation services.