MY MENTOR (MRS FOLORUNSHO ALAKIJA) – NIGERIA’S FIRST FEMALE BILLIONAIRE AND MANAGING DIRECTOR OF THE ROSE OF SHARON GROUP/EXECUTIVE DIRECTOR FAMFA OIL

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Mrs. Folorunsho  Alakija , Nigeria’s first female billionaire with a net worth of $2.5 Billion (March 2014). She is a fashion-designer and the Executive Director at FAMFA Oil, an indigenous Nigerian oil and gas exploration and production company. She is also the Group Managing Director of The Rose of Sharon Group which consists of The Rose of Sharon Prints & Promotions Limited and Digital Reality Prints Limited.
Mrs Folorunsho Alakija started her career in 1974 as an executive secretary at Sijuade Enterprises, Lagos, Nigeria. She moved on to the former First National Bank of Chicago, now FinBank, where she worked for some years before establishing a tailoring company called Supreme Stitches. It rose to prominence and fame within a few years, and as Rose of Sharon House of Fashion, became a household name. As national president and lifelong trustee of the Fashion Designers Association of Nigeria (FADAN), she left an indelible mark, promoting Nigerian culture through fashion and style.
In May 1993, her company Famfa Limited, applied for and was granted an Oil Prospecting License (OPL) on a  250,000 hectares (617,000 acres) block. It is one of Nigeria’s most prolific oil blocks.
In September 1996, she entered into a joint venture agreement with Star Deep Water Petroleum Limited (a wholly owned subsidiary of Texaco) and appointed the company as a technical adviser for the exploration of the license.
Mrs. Alakija also has a real estate portfolio which is valued at an estimated $100 million.  Through her the Rose of Sharon Foundation, Mrs. Alakija helps Nigeria’s widows and orphans by empowering them through scholarships and business grants.
As of 2014, she is listed as the 96th most powerful woman in the world by Forbes and also ranked as the richest woman in Nigeria and Africa.

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