Personality in Focus
I’m Looking Forward to Creating Jobs for 10, 000 Nigerians – Bayo Fatusin
By Eric Elezuo
Humble, humane and extremely accommodating, Bayo Fatusin is one of Nigeria’s prolific entrepreneurs, busy building industries to absorb the crowd of unemployed youths and professionals. In this brief chat at one his hotels, House J, situated at the highbrow GRA, Ikeja, Lagos, he highlighted what it means to be fulfilled, saying the happiness of the common man on the street is the only reason one can confidently say he is fulfilled among many other ground breaking revelations. Excerpts:
Can we meet you sir?
My name is Bayo Fatusin. I am an entrepreneur. I am from Ondo town in Ondo State. Among the many institutions I attended is the University of Lagos where I studied History and Strategic Studies. I am a practicing Christian, and I believe in God.
What kind of business are you into, and can you itemize it?
I will rather say we, because I am never alone and I can’t do it alone. So, we are into Construction, Real Estate, Agriculture; and as you know agriculture is the new frontier in Africa now, and we are investing heavily in it. Also, we are into hospitality among many other businesses I do for now.
As a business man in Nigeria, what are the challenges?
Doing business in Nigeria is a huge task, and the challenges are enormous, especially when you talk about power, funding and the likes. But what can we do, we believe in the system; we believe in Nigeria, and we believe in what we can do for our people. Therefore, we would stay and work things out until it gets better and better.
Most businesses have folded up as a result of the harsh economic realities, but your organizations are still standing strong. In what way have you been able to surmount these challenges?
By being proactive and continually thinking out of the box. The change we are talking about must practically start from us; within our own establishments – meaning that we have to be a good example to our staff, and we have to advice them to be good example to others and do the right thing. We know the government cannot take care of everything, so the need to support the government has made us refuse to give up. We are supporting the government with the use of Non-governmental Organisations (NGOs). And of course with a lot of social corporate responsibility initiatives to affect the general public as well as making sure that we build and educate people.
While other companies were downsizing and relieving workers of their jobs as the recession bites harder, none of your organizations was reported to have sacked staff. How were you able to retain your workforce during the recession?
That credit belongs to God for not allowing us to retrench our staff during the recession. Moreover, discipline was our watchword, and we tell ourselves the whole truth. There was no room for waste in our system, and a lot of sacrifices were made. We insisted on prudency, and cut down on unnecessary cost and spending; that was how we managed ourselves out of the recession period. Whatever we don’t need, we don’t go for it, and we only sort what we needed. And to the glory of God we are still standing today.
How many people have you empowered as part of your corporate social responsibility?
We are busy creating more employments, and we do that by creating more businesses, and looking for ways to create more businesses. And it is for this reason that we recently diversified into agriculture, and through this, we will be able able to employ close to another 1000 citizens of Nigeria.
Which area of agriculture did you invest in?
We are into poultry, rice and cassava farming. We are also into processing and export. Our base is in Ondo and Oyo states.
Having traveled around the world, which country gives you more insight and inspiration?
I will say the United States of America. Again, Asia, more especially Singapore, inspires me too because of their rapid development. Singapore is one country you can credit with will power because they were once like us. I think the credit should go more to their leaders. To me, Singapore is an inspiration.
Do you believe we have leadership problem in Nigeria?
I am not a politician, and the Bible says we should pray for our leaders (laughs).
You are not a politician now, but is there any possibility of becoming one in the future?
I don’t know, and I can’t tell because business is my calling for now. But if at the end of the day, God says I have to serve my people, I will. I can’t take any step without God.
Based on the CSR you are committed to, and the assistance you are known to have provided, is it not possible for your people to invite you to come and lead them?
I still must consult with my God before I take such decision. If I do anything without God, it means I am ready to bear the consequences if anything happens. I won’t take any step without God. The truth of the matter is that I am not even thinking of any political position unless God approves it for me. All I am doing to make life easier for the people is what I am doing presently. Also I am creating jobs to get people off the street, and put food on their table. When that time comes; when we get to that bridge, we will definitely cross it.
Where do you see this agricultural sector you are investing in, in the next 5 years?
Like I said, it is the next frontier for Nigeria, and in the next five years with the way our government is investing in agriculture presently, I believe it will take us to the next level, because when we are able to feed ourselves; stop the importation of rice and other produce, then we are okay.
One of your business organizations is named House J, what does it mean?
It means House of Joseph.
Your background has nothing to with hospitality, how did you get into hotel business?
It is a passion. I have passion for hospitality even before I came into the industry. This is my passion in life. Far back in those days, my home was just about entertainment, and I’d always known I will make it a business.
You are known to hold fellowships in your establishment on a regular basis unlike most entrepreneurs, what prompted the routine?
This is because God is my only source and my pillar, and always at my back. Not only do I hold fellowships regularly on Thursdays, every Monday, I fellowship with my staff and every first day of the month, we give glory to God; and give praises to Him. And as you can see, business men come from far and wide between 12 and 1 every Thursday just to sing Hosanna to God, because He is the owner of our life; without God I am nothing. And with God, I am everything.
Is there a possibility that these weekly or daily fellowships can lead to a full blown ministry someday because of the passion you have for God?
I really don’t know, but if God says we will operate on that level, who am I to say no… (laughs).
How many children do you have now?
I have four children; four beautiful girls. The eldest is 24, the second is 21, the third is 19, and the youngest is 10 years old.
So, as a busy businessman, how do you relax?
I engage in sports like track and field, and tennis.
When you are not doing your business or engaging in spots, what do you do?
I relax. I read my Bible; I study the Word of God, and that relaxes me more because I want to know Him more, I want to know about what happened in the ancient times. I want to know how to have solid relationship with my creator. So, that gives me peace. Every time I am with Him, I find peace and I enjoy that a lot.
Do you hold a position in church and which church do you attend?
Not at all, I am a catholic. I am not a pastor, but I am a deep believer in the Word of God.
Can you name the people who can be called your product, I mean those you have empowered to stand on their own today?
Uncountable! I can’t mention names; my religion will not allow me to do that.
So, what are we expecting from you in the nearest future?
By the grace of God, to build more businesses; I am looking forward to a day I will have like 10,000 staff, and that will make me really happy.
And are your businesses spread across Nigeria?
Yes. We are in Lagos, Ondo, Oyo and Abuja.
How many languages do you speak?
Three. I speak Igbo, Yoruba and English.
How did Igbo come about?
My late mom is from the East
Personality in Focus
Dangote Gets World Bank Appointment, Tasked to Drive Investment, Job Creations in Emerging Economies
The President and Chief Executive of the Dangote Group, Aliko Dangote, has been appointed to the World Bank’s Private Sector Investment Lab, joining a select group of global business leaders tasked with driving investment and job creation in emerging economies.
In 2023, Mark Carney, the Prime Minister of Canada, co-chaired the Private Sector Investment Lab, which focused on attracting £1 trillion in sustainable investment to support the energy transition in emerging markets.
In a statement confirming his acceptance, Dangote reaffirmed his commitment to fostering sustainable economic growth through private sector-led investment, noting the transformative potential of such initiatives in developing markets.
“I am both honoured and excited to accept my appointment to the World Bank’s Private Sector Investment Lab, dedicated to advancing investment and employment in emerging economies,” the African industrialist said.
“This opportunity aligns with my long-standing commitment to sustainable development and unlocking the potential of developing economies. Drawing inspiration from the remarkable successes of the Asian Tigers, which have demonstrated the power of strategic investment and focused economic policy, I am eager to collaborate with fellow leaders to replicate such outcomes across other regions.”
The World Bank announced Dangote’s appointment on Wednesday as part of a broader expansion of its Private Sector Investment Lab, which now enters a new phase aimed at scaling up solutions to attract private capital and create jobs in the developing world.
Joining Dangote in the elite group are Bill Anderson, CEO of Bayer AG; Sunil Bharti Mittal, Chair of Bharti Enterprises; and Mark Hoplamazian, President and CEO of Hyatt Hotels Corporation.
The World Bank said the expanded membership brings together business leaders with proven track records in generating employment in developing economies—supporting the Bank’s sharpened focus on job creation as a central pillar of global development.
“With the expanded membership, we are mainstreaming this work across our operations and tying it directly to the jobs agenda that is driving our strategy,” said World Bank Group President Ajay Banga. “This isn’t about altruism—it’s about helping the private sector see a path to investments that will deliver returns, and lift people and economies alike. It’s central to our mandate.”
The global bank said that over the last 18 months, the Lab brought together leaders from global financial institutions to identify the most pressing barriers to private sector investment in developing countries and to test actionable solutions.
The statement said that the work had now been consolidated into five priority focus areas that were being integrated across the bank operations, including regulatory and policy certainty.
The Lab’s founding members included senior executives from AXA, BlackRock, HSBC, Macquarie, Mitsubishi UFJ Financial Group, Ninety One, Ping An Group, Royal Philips, Standard Bank, Standard Chartered, Sustainable Energy for All, Tata Sons, Temasek, and Three Cairns Group. The Lab is chaired by Shriti Vadera, Chair of Prudential plc.
The Dangote Group, founded by Aliko Dangote, is the largest conglomerate in West Africa and one of the largest on the African continent. With interests spanning cement, fertiliser, salt, sugar, and oil, the Group employs over 30,000 people and is the largest taxpayer in Nigeria—contributing more in taxes than all of Nigeria’s banks combined. It is also the country’s largest employer after the government.
The $20 billion Dangote Petroleum Refinery & Petrochemicals, the Group’s flagship project, stands as the largest single private investment in Africa.
In addition to his business interests, Dangote leads the Aliko Dangote Foundation (ADF), the largest private foundation in sub-Saharan Africa, with the largest endowment by a single African donor. The Foundation primarily focuses on child nutrition, while also supporting interventions in health, education, empowerment, and disaster relief.
The Governor of Ogun State, Prince Dapo Abiodun, CON, has congratulated real‑estate titan, and Chairman/CEO, ADRON Homes & Properties, Aare Adetola EmmanuelKing, on his 50th birthday.
“Reaching fifty in good health and remarkable professional standing is a testament to God’s grace,” the governor said in a statement he personally signed.
Governor Abiodun lauded Aare Adetola’s “exceptional journey and unwavering commitment to excellence,” noting that ADRON Homes has expanded under his leadership from modest beginnings to a leading national developer that has broadened access to home-ownership for countless Nigerians.
“As governor of your home state, I am proud of your accomplishments,” Governor Abiodun added.
The Governor highlighted Aare Adetola’s deep‑rooted investment in people and the local economy, describing it as a reflection of faith in Nigeria’s limitless potential. He credited the celebrant’s “strategic foresight and community‑driven initiatives” with lifting the country’s real‑estate sector to new heights.
On behalf of his family and the people of Ogun State, Governor Abiodun wished EmmanuelKing continued health, wisdom, and impact, extending heartfelt congratulations to his family, friends, and associates on this golden jubilee milestone.
The funeral for Pope Francis will be held on Saturday, the Vatican announced on Tuesday, as world leaders from US President Donald Trump to Ukraine’s Volodymyr Zelensky said they would attend to honour the Catholic leader.
The Argentine pontiff, 88, died on Monday from a stroke, less than a month after returning home from five weeks in hospital battling double pneumonia.
His funeral, which is expected to draw huge crowds, will take place at 10:00 am (0800 GMT) on Saturday in the square in front of St Peter’s Basilica at the Vatican.
Francis’s coffin — which he previously ordered should be of wood and zinc — will then be taken inside the church and from there to the Rome basilica of Santa Maria Maggiore for burial.
The date was set by the first so-called “general congregation” of cardinals on Tuesday morning, which kicked off a centuries-old process that culminates in the election of a new pontiff within three weeks.
Earlier, the Vatican published the first images of the pontiff in his open coffin, ahead of its transfer to St Peter’s Basilica on Wednesday at 9:00 am (0700 GMT), to lie in state.
The pope’s body was photographed during a service Monday evening in the chapel of Casa Santa Marta, the Vatican residence where he lived during his 12-year papacy, and where he died.
Francis was wearing his red papal vestments, a mitre on his head and had a rosary between his fingers.
Tributes have poured in from around the globe for Francis, a liberal reformer who took over following the resignation of German theologian Benedict XVI in 2013.
His home country, Argentina, prepared for a week of national mourning while India began three days of state mourning on Tuesday — a rare honour for a foreign religious leader in the world’s most populous nation.
Heads of state and royalty are expected for his funeral, due to be held at St Peter’s Basilica, with Trump and France’s Emmanuel Macron the first to announce they would attend.
On Tuesday, a source at the Ukrainian presidency told AFP that Zelensky, too, would come to Rome.
Cardinals of all ages are invited to the congregations, although only those under the age of 80 are eligible to vote for a new pope in the conclave.
The conclave should begin no less than 15 and no more than 20 days after the death of the pope.
Simple tomb
The pope’s body was moved into the Santa Marta chapel on Monday evening, and his apartment formally sealed, the Vatican said.
Francis, who wore plain robes and eschewed the luxury of his predecessors, has opted for a simple tomb, unadorned except for his name in Latin, Franciscus, according to his will released Monday.
In chosing to be buried in Rome’s Santa Maria Maggiore basilica, he will become the first pope in more than 100 years to be laid to rest outside the Vatican.
His death certificate released by the Vatican said Francis died of a stroke, causing a coma and “irreversible” heart failure.
He had been discharged from Rome’s Gemelli hospital on March 23 and ordered to spend at least two months resting.
But Francis, who never took a holiday and delighted in being among his flock, made numerous public appearances in recent days.
He appeared exhausted on Sunday during the Easter celebrations, but nevertheless greeted the crowds in his popemobile in St Peter’s Square.
Argentine football great Lionel Messi hailed his compatriot — himself a huge fan of the beautiful game — for “making the world a better place”.
On Monday evening, thousands of faithful, some bringing flowers or candles, flocked to St. Peter’s Square at sunset to pray for Francis.
He “tried to get people to understand it doesn’t matter your sexual orientation, your race, it doesn’t matter in the eyes of God”, Mateo Rey, 22, a Mexican student, told AFP.
“I think that’s the closest to what Jesus intended.”
Born Jorge Bergoglio, Francis was the first pope from the Americas and the first Jesuit to lead the worldwide Catholic Church.
An energetic reformer, he sought to open the Church to everyone and was hugely popular — but his views also sparked fierce internal opposition.
In 12 years as pope, Francis advocated tirelessly for the defence of migrants, the environment, and social justice without questioning the Church’s positions on abortion or priestly celibacy.
Outspoken and stubborn, Francis also sought to reform the governance of the Holy See and expand the role of women and lay people, and to clean up the Vatican’s murky finances.
Faced with revelations of widespread child sex abuse in the Church, he lifted pontifical secrecy and forced religious and lay people to report cases to their superiors.
However, victims’ groups said he did not go far enough.
AFP
