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Why Was Adewale Jubril Tinubu Picked As LEADERSHIP business Person Of The Year 2014?

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Why Was Adewale Jubril Tinubu Picked As LEADERSHIP business Person Of The Year 2014?

Why Was Adewale Jubril Tinubu Picked As LEADERSHIP business Person Of The Year 2014?
LEADERSHIP business person Of The Year 2014 – Adewale Jubril Tinubu
For turning Oando into a global brand and creating wealth that has impacted scores of businesses and thousands of lives, Wale Tinubu is LEADERSHIP Business Person of the Year 2014.
Forbes Africa magazine described the Chief Executive Officer of Oando plc, Mr Wale Tinubu, as “the Nigerian Oil Baron Buying up America”.
His successful spearheading of the Conoco-Phillips deal marked him out as one of a kind in the corporate world. Oando, which he heads, started 20 years ago with no money and today are probably an enterprise of $3.5 to $4 billion. By the time it completed its last acquisition, Oando has a valuation of USD $6 billion with zero equity. Explaining the success of his enterprise, the oil chief said he had relied essentially on the minds and intellectual prowess of his workforce. However, Wale believes that it is one thing to have an idea, or a team that can execute it and it’s another thing to raise the capital for it and noted that most of the time, the capital for business in Nigeria is unconventional and said that his first loan was at 10 per cent per month in interest and paid back at 120 per cent a year. Wale is excited by the rise of the indigenous entrepreneur who enable capital to flow into the continent and effectively bridge the economic gap by pulling in global sources, technology and knowledge. He attributes the success of Oando to the emphasis on people who are not only intellectually superior but people who have a curiosity and aspiration to understand how things are doing in other markets.
 
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