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Folorunsho Alakija @70: The making of a philanthropist


Folorunsho Alakija is fondly referred to as Africa’s richest woman. She is readily identified with oil and gas, fashion, real estate and printing businesses.

She is the group managing director of The Rose of Sharon Group which consists of The Rose of Sharon Prints & Promotions Limited, Digital Reality Prints Limited and the executive vice-chairman of Famfa Oil Limited.

Folorunsho Alakija also has a majority stake in DaySpring Property Development Company.


Folorunsho Alakija is a ready reference for good works. She is committed to making an impact in the lives of people.  She cares about the welfare of others. This, she has demonstrated over and again, with her succeeding flow of humanitarian support to people and communities.

As an Apostle, Alakija, reaches out to many women, widows and orphans regularly. She holds fellowships and prayer meetings with them.

For her, making a difference in the life of a widow should not just be about the bag of rice and semolina. They need counselling, encouraging prayers and sound words of God regularly.



In the oil and gas sector, her voice is loud and clear on issues affecting the industry, especially as it relates to the passage of the Petroleum Industry Bill (PIB).

According to her, if the bill is signed into law, will paint a clearer picture to investors during decision-making processes, even though it has taken not less than 12 years before arriving at its current stage.

“I mean, look at too many other administrations that have come and gone and it never got to this stage. So we thank God that it’s here.

In the education sector, Mrs. Alakija, is the Chancellor of UNIOSUN. In line with her commitment to tertiary institutions, on the 22nd of November, 2018, laid the foundation for the N23 billion 250-bed Osun State University Teaching Hospital (UNIOSUNTH).

Folorunsho Alakija was born on 15th of July, 1951 to an upper middle class family. Her father was Chief L. A. Ogbara of Ikorodu, Lagos State, Nigeria.

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