JIMOH IBRAHIM
Barrister Jimoh Ibrahim’s rise from rags to riches is as intriguing as any story of its kind. His father was a poor, uneducated carpenter while his mother was a poor, uneducated petty trader. He struggled through university in circumstance of great deprivation. But all that changed when the bright light of idea turn on in his mind during his youth service year.
(In Nigeria, all University graduates observe a one year mandatory service to the nation under the auspices of the national Youth Service Corp).
Jimoh Ibrahim came up with the idea of organizing training seminars for local governments in the area of taxation. It was a novel idea. Something nobody had ever done in the country before. He wrote letters to ALL the local governments in Nigeria but had a problem. There was no money to post them! Another idea came to the rescue. He realized that all the states had liaison offices in Lagos. He took the letters to the State Liaison offices for onward distribution to the local government offices around the country. (Fortunately for him, most of the liaison offices in Lagos are located in the same area, so his transport cost was drastically reduced).
He made millions of naira in the very first seminar, conducted several more during the years, made tens of millions of naira, diversified into property and oil and gas and today leads one of Nigeria’s largest business conglomerates with footprints in almost all sectors of the economy.
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