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“If we did not strike oil and strike it in commercial quantities we could have been wiped out” – WATCH Folorunsho Alakija on Forbes Africa TV’s “My Worst Day With Peace Hyde”



How did one woman rise to the top of the competitive patriarchal oil and gas industry, lose everything and fight the Nigerian government and win?

For Folorunsho Alakija, its simple, “Folorunsho Alakija never gives up, my children never give up and my husband never gives up”, and that tenacity has served her well over the years as she impacts lives of thousands of orphans and widows through her rose of Sharon foundation.

Watch below inspirational journey as she chats with Peace Hyde on her worst day in business.


  1. soulsuit

    October 12, 2016 at 8:20 pm


  2. Rotimi

    October 12, 2016 at 8:36 pm

    Corruption in Nigeria’s oil industry, is an old problem, and its eradication is a long-standing political goal but for some lucky few, they amassed their wealth during a time when the country was in shambles. not to say it isn’t in shambles now but how can we celebrate this level of obscene wealth which belongs to the nation? but its ok, at least she can buy two private jets and a G wagon for each of her 4 sons and buy up prime real estate in the UK. congratulations, in the meantime we will continue to hustle and try to stay afloat as the Nigerian recession looms over our heads.

  3. Jide

    October 12, 2016 at 8:40 pm

    Are you a business woman if you simply sold a piece of property you own to a large multinational who take all the risks and you simply sit back and reap the rewards? What does Famfa oil actually do? Exploration, refinery or are they simply landlords? Hmmmm

  4. I can't deal

    October 12, 2016 at 8:46 pm

    The government had every right to take away her percentage in the business because it was a state asset which should have never been awarded to an individual who was a company Secratary and a bad fashion designer. I wonder what criteria they used to award such contracts. In the corporate world a chef can never run a Fortune 500 company but then again I guess that is why Nigeria used to Be the Africa. dream. Anything is possible.

  5. hmmmm

    October 12, 2016 at 8:51 pm

    Good show, first time watching it and it looks very interesting.

  6. tonye

    October 12, 2016 at 9:13 pm

    I love Alakija, one of the most successful women in business, all you guys are just hating

  7. passing by

    October 12, 2016 at 9:14 pm

    peace hyde is such an amazing journalist, all these other people need to take lessons from her. Beautiful interview

  8. None

    October 13, 2016 at 1:03 am

    That woman fed you all with bullshit. National asset that she had no business owning

  9. Shalewa

    October 13, 2016 at 1:19 am

    She speaks very well. And she gives glory to God. I am definitely impressed. No need to beef her “glory”; no one knew when she was going through her “story”

    • tee

      October 13, 2016 at 11:15 am

      Sorry to say Shalewa, she no get STORY

  10. fleur

    October 13, 2016 at 2:53 am

    bear bear bank tinz

  11. Viv Law

    October 13, 2016 at 11:20 am

    She said ‘It wasn’t fair, we felt cheated’ when the government decided to get involved. That’s how I feel when I hear and read about oil tycoons such as Mrs Alakija living off the resources of Nigeria as if they own it. She actually mentioned it was a ‘family business’ LOL

    They actually took the government to court and won! because they signed a contract with the government whereby the government would have to negotiate with them on what percentage the government would be entitled to.

    It really does baffle me as to how this is possible! o_O

  12. Abena

    October 13, 2016 at 1:46 pm

    Hm! very intriguing.

  13. Notimpressed

    October 13, 2016 at 3:40 pm

    This is only possible in Nigeria, where an individual can win a court case against a government when they are fighting for the national interest. Hmmmm

  14. Shola

    October 13, 2016 at 7:48 pm

    @viv law my sentiments exactly. Nigeria needs to change but I wonder if that change will ever happen. All hopes for Buhari is now gone and we are stuck yet again as a country with so many resources yet no will power to ability to transform

  15. Na wa oo

    October 13, 2016 at 7:50 pm

    This woman and her Wahala again, you don make your money finish let us sleep!

  16. Mahka

    October 14, 2016 at 6:05 am

    All I see is a woman who has found God n knows that she has no better landing than in him.
    A devoted wife and mother with an enigmatic spirit.
    She won a court case against the Government;means she had a better argument and government is not above the laws. I admire her strength and tenacity.
    Peace Hyde, again girl does an exceptional job.
    PS, that emerald green suit with expensive stones ;must have cost a fortune o. Looks good.

  17. TY

    October 14, 2016 at 7:46 am

    Interesting! Lots of bitter people, comments and opinions here…too bad and sad!…. and apparently from your comments, didn’t pay attention…. truth is if you all had the opportunity she had, you most likely will have been worse…. Instead of all this bitterness, why not pray to God to plant you in places of Glory…hian!
    She got a LICENSE legally, and won the court case because the government DISREGARDED the law and contract, and felt dictatorship was the way forward… this is what happens when you have unenlightened people as governmental leaders.
    From another perspective, I personally i’m a fan of government NOT getting involved in business; their hands should be off completely, while they focus on business-enabling frameworks and environments; while in cases like Mrs Alakija’s, credible consultants should be awarded licenses,… government then taxes and supervises…. i’ll stop here for now…

  18. Sipping tea

    October 14, 2016 at 10:18 pm

    I agree with you Ty but the oil blocks should never have been awarded to individuals. What qualifies her to be able to manage an oil block? The problem is with the system!

  19. Marcyjay

    October 14, 2016 at 10:20 pm

    Should the ability to get an oil rig not be based on a certain level of competency. I wouldn’t mind if she was a even a qualified geologist but a Secratary turned fashion designer and now a billionaire? Hmmmmm. People will always be bitter about her story but well done!

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