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Personality in Focus

Tinubu Appoints Yakubu As DG, Budget Office, Drops Akabueze

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President Bola Tinubu has approved the appointment of Mr. Tanimu Yakubu as the Director-General of the Budget Office of the Federation, following the expiration of the tenure of Mr. Ben Akabueze.

This was disclosed in a statement signed by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, on Thursday.

Yabuku is an accomplished economist and Chief Economic Adviser to a former President from 2007 to 2010; Managing Director/Chief Executive Officer of the Federal Mortgage Bank of Nigeria from 2003 to 2007, and Commissioner of Finance, Budget, and Economic Planning in Katsina State from 1999 to 2003.

The new Director-General of the Budget Office of the Federation holds a Master of Business Administration degree in Finance from Wagner College, Staten Island, New York, and a Bachelor of Science degree in Economics from the same institution.

The statement noted that President Tinubu thanked the outgoing Director-General, Mr. Akabueze, for his services and wished him success in his future endeavours.

“The President expects the new Director-General of this pivotal agency to further enhance the provision of efficient and qualitative budget functions, with a view to promoting fiscal sustainability, transparency, and accountability in public finance management for national development,” it added.

Akabueze was first appointed by former President Muhammadu Buhari as a Special Adviser Planning (SAP) to the President on February 15, 2016, and later redeployed and appointed as DG Budget, June 10, 2016.

Buhari renewed Akabueze’s appointment as the DG of Budget Office in 2020.

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Personality in Focus

RSSOSA ’93 Set Hosts Aare EmmanuelKing to a Surprised 50th Birthday Party

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In a heartwarming and historic show of affection and loyalty, the 88/93 Class Set of the Remo Secondary School Old Students Association (RSSOSA) staged a grand surprise birthday celebration in honor of their own, the National President of RSSOSA, Aare Adetola Emmanuelking.

The event, which took place at the prestigious Marriott Hotel, Lagos, was a spectacular and deeply emotional affair that left the celebrant overwhelmed and moved to tears. Unknown to Aare Adetola, the surprise had been meticulously planned since January of this year, in close collaboration with his wife, who kept the arrangements a secret until the big day.

The celebration was marked by an electrifying atmosphere of joy, laughter, and heartfelt emotions as classmates reunited to honor one of their own in grand style. The 88/93 Set spared no expense, presenting Aare Adetola with gifts worth several million naira.

Adding to the magic of the occasion, members of the 88/93 Set residing in the diaspora joined virtually from the United Kingdom, Canada, and the United States. Notable among them were Segun Osho, Rev. Fr. Oshitimehin, Sade Odesanya, Akeem Elegbeji, Gboyega Solarin, Johnson Olumuyiwa Sanya, Tope Otunba, Semeton Amosu, Yemisi Olowu, Bukky Alli, Bunmi Ojutialayo, Bolaji Desalu, Wasiu Talabi, Azeez Awolaja, Jimmy Adetayo, and Bisoye Sholuade, whose heartfelt participation further heightened the emotional resonance of the event.

The success of the surprise was largely credited to the tireless efforts and leadership of the Class Set Governor, Engr. Bola Owolabi Oladeinde, whose commitment, coordination, and attention to detail ensured a seamless and unforgettable celebration.

In his heartfelt appreciation speech, a visibly emotional Aare Adetola expressed profound gratitude to every member of the class set, describing the surprise as one of the most touching and humbling experiences of his life.

“Never in my wildest dreams did I imagine that such an elaborate and deeply moving celebration awaited me,” he said. “You have honored me beyond words, and I am eternally grateful. May God bless and replenish each of you for your sacrifices, generosity, and steadfast love.

Aare Adetola appreciated his wife for her support and for keeping the surprise a secret with such admirable dedication.”

The event was a powerful reaffirmation of enduring friendship, unity, and loyalty. The 88/93 Set of RSSOSA once again demonstrated that true brotherhood and sisterhood only grow richer and deeper with time, setting a remarkable example for alumni associations everywhere.

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Personality in Focus

Happy Birthday Dr. Mike Adenuga, a Rare Gem at 72

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By Henry Ukazu

Dear Destiny Friends,

Birthdays are times for celebrations. Birthdays are times for reflections. Birthdays mean different things to different people. People celebrate their birthdays for different reasons. For me, birthdays serve as a time for gratitude and appreciation for life and impact on the world.

One of the lessons life has taught me is to succeed. This is so true because when one succeeds, the person will be celebrated by all and sundry.  Today, the world celebrates a destiny child, a rare gem, an uncommon achiever and a leader of excellence who has distinguished himself from ordinary and superordinary beings. He is none other than the amiable and amicable Dr. Michael Ishola Agbolade Adenuga, GCON, who will be celebrating his 72 years old on 29th of April.

Indeed, this great feat calls for celebration. It’s not easy to live for 72 awesome years and talk less of being successful. That’s like killing two birds with one stone. If truth be God has been extremely faithful to Chief Adenuga because very few minds will experience his trajectory and still come out alive. Some might even attempt suicidal thoughts when they lose one-third of his fortunes, but here is a man of uncommon courage who knows what he wants, but more importantly, he knows who he is and the spirit working in him.

Dr. Adenuga is a man of his strides, he means different things to different people. To some he’s a spirit you can’t see but can feel. To some, he’s a philanthropist, to others, he’s an uncommon businessman. Depending on how you feel or see him, you are right in your own perspective.

I began to take a closer look at this great man when I was writing my first book Design Your Destiny. My chapter two was focused on “Understanding Your Uniqueness”. I did a research of some extraordinary great minds, who have truly succeeded in unique ways, and Dr. Adenuga’s name came to my subconscious mind. I took my time to study him and his works, and I found him an uncommon being the world, and especially youths need to know. Let’s talk about Dr. Adenuga’s life and accomplishments.

Upbringing: I can imagine how grateful his parents were to see his great strides. I’m a big believer in names. Yes, names can be symbolic. The name one answers has a role to play in their life. Do you know your name can either attract a blessing or curse you. When I did a little research about his name AGBOLADE, it means “the child who has attracted wealth to his family”. Can you see how symbolic a name can be?

On his philanthropist nature. I personally think this is one of his greatest assets and arsenal. Take it or leave it, Dr. Adenuga is one of the most influential givers the world has ever known, if not the most influential. Here is a man who gives and supports people unannounced. Sometimes, he pleads to be anonymous in his generous deeds. Here is a man who doesn’t care about one’s status before he gives. He gives you what he personally uses. For instance, if he drives a G-Wagon or Mercedes Benz, he has the heart of giving his friends, similar gift not minding if you are of a lesser status than him.

A friend of mine once said to me, Henry, if I’m wealthy, intelligent and influential, it should reflect on my friends. When I reflect on that statement and juxtapose it with Dr. Adenuga’s lifestyle, I can see similarities. It simply tells me Dr. Adenuga is a very humble man.

No doubt this extraordinary man has experienced one short fall or made one mistake or the other, but which human hasn’t made a mistake in life? What is important is picking up after a mistake.

Despite his mistakes which have metamorphosed into success. If truth be told Dr. Adenuga has spent 72 years of great achievements, unrivalled philanthropy and exceptional successes. And his mistakes have culminated in this success because he failed fast and rose exponentially.

Dr. Adenuga’s love for this country is unparalleled. He knows himself and knows what he wants. That’s why he returned to Nigeria after his academic studies in the United States of America to begin his business which later transcended to a conglomerate.

It’s humbling to know Dr. Adenuga ventured into oil in his early 40’s and birthed Globalcom on his 50th birthday. That’s a rare feat. He literally changed Nigeria telecommunication with the introduction of per second billing when his competitors were using per minute billing. That goes to show his love for humanity.

He also made it possible for Nigerians, Africans and the less privileged to have access to a SIM card at an affordable price of N5,000 as opposed to N20,000 and N30,000 prevailing by some competitors. Again, this goes to show, he doesn’t exploit humanity.

His business acumen and uncommon courage can be seen when he became the first African to successfully and independently finance a submarine cable that runs from Europe to Africa to help the continent’s telecommunication system to be better. Anyone who thinks it is easy can give it a try.

Dr. Adenuga is a man of uncommon fate. Here is a man who believes “impossible” is only found in the dictionary. He has an uncanny way of figuring this out. He’s a testament of the saying, those who are saying it can’t be done are usually interrupted by those who are doing it.

Dr. Adenuga has numerous qualities many of his counterparts don’t have, globally. Here is an extraordinary man who is dedicated to his business, he’s very detailed. He’s very diligent, he perseveres to the latter and most importantly, he has an undying faith in God. I strongly believe it is the prayer most people pray for him that has given this uncommon favor despite his own endeavors.

Dr. Adenuga’s work has received national and global recognition. He’s a proud recipient of the highest civilian award in France, the award of Commander of the Legion of Honour. He is the first Nigerian to be so decorated with the award for being “a true role model for Africa” who has contributed immensely to the growth of the African and French economy.

He also holds the Grand Commander of the Order of Niger (GCON), Nigeria’s second highest national honor, second only to the Grand Commander of the Federal Republic (GCFR), which is only reserved for Nigerian Presidents and Heads of state. That speaks a lot about his rare personality.

In conclusion, as we celebrate this great man, let’s learn from his wealth of knowledge, wisdom, trajectory, business exploits, philanthropist nature, extraordinary humility and most importantly his belief and faith in God.

Henry Ukazu writes from New York. He works with the New York City Department of Correction as the Legal Coordinator.  He’s the founder of Gloemi. He’s a Transformative Human Capacity and Mindset coach. He is also a public speaker, youth advocate, creative writer and author of Design Your Destiny Design Your  and Unleash Your Destiny .  He can be reached via info@gloemi.com

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Personality in Focus

Dangote Gets World Bank Appointment, Tasked to Drive Investment, Job Creations in Emerging Economies

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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.

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