Tell me a bio of Mike Adenuga.

Include key facts about their life, career, achievements, and impact.

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**Mike Adenuga: A Nigerian Business Magnate**

Mike Adenuga, also known as Michael Adeniyi Agbolade Ishola Adenuga Jr., is a Nigerian business magnate and entrepreneur. He was born on April 29, 1953, in Ibadan, Nigeria. Adenuga's life and career have been marked by significant achievements and a lasting impact on the Nigerian economy.

**Early Life and Education**

Adenuga's early life was marked by a strong desire for education and entrepreneurship. He attended Ibadan Grammar School and later studied at the Ibadan University (now known as the University of Ibadan), where he earned a degree in Business Administration. However, he dropped out of university to pursue a career in business.

**Career**

Adenuga's business career began in the 1970s, when he started trading in commodities, including cocoa and palm oil. He later expanded his business interests to include real estate, construction, and telecommunications. In 1999, he founded Globacom, a Nigerian telecommunications company that has become one of the largest mobile network operators in the country.

**Achievements**

Adenuga's achievements are numerous and far-reaching. Some of his notable accomplishments include:

1. **Globacom**: Adenuga founded Globacom, which has become a leading player in the Nigerian telecommunications industry. The company has invested heavily in infrastructure, including a submarine cable that connects Nigeria to Europe and Asia.
2. **Conoil**: Adenuga founded Conoil, a Nigerian oil and gas company that has become a major player in the industry. Conoil has invested in exploration and production activities in Nigeria and other countries.
3. **Econet Wireless**: Adenuga acquired a majority stake in Econet Wireless, a Zimbabwean telecommunications company that operates in several countries in Africa.
4. **Private Equity**: Adenuga has invested in several private equity funds, including the Nigerian-based Emerging Capital Partners (ECP) and the South African-based African Private Equity and Venture Capital Association (AVCA).

**Impact**

Adenuga's impact on the Nigerian economy has been significant. He has created thousands of jobs and invested heavily in infrastructure, including roads, bridges, and telecommunications networks. His companies have also contributed to the growth of the Nigerian economy through taxes and other forms of revenue.

**Awards and Recognition**

Adenuga has received numerous awards and recognition for his contributions to business and entrepreneurship in Nigeria. Some of his notable awards include:

1. **Forbes Billionaires List**: Adenuga has been listed as one of the richest people in Africa by Forbes magazine.
2. **African Business Leader of the Year**: Adenuga was awarded the African Business Leader of the Year award by the African Business magazine in 2010.
3. **Nigerian Business Icon**: Adenuga was awarded the Nigerian Business Icon award by the Nigerian Stock Exchange in 2013.

**Personal Life**

Adenuga is married to a Nigerian businesswoman, Folashade Adenuga, and has several children. He is known to be a private person and keeps a low profile, but his business interests and achievements have made him a household name in Nigeria.

In conclusion, Mike Adenuga is a Nigerian business magnate and entrepreneur who has made a significant impact on the Nigerian economy through his various business interests and investments. His achievements and awards are a testament to his hard work and dedication to entrepreneurship and business development in Africa.
**Mike Adenuga**

Mike Adenuga, a Nigerian business magnate, is one of Africa's most successful entrepreneurs. His life story is a testament to his determination and entrepreneurial spirit.

**Early Life (1953-1971)**

Michael Adeniyi Agbolade Ishola Adenuga Jr. was born on April 3, 1953, in Ibadan, Oyo State, Nigeria. His father, Michael Adenuga Sr., was a businessman who owned a small cloth mill, which was Adenuga's introduction to the business world.

Adenuga received his early education in Nigeria before proceeding to Ibadan Grammar School and later the Federal Government College in Lagos. He eventually dropped out of school to pursue his entrepreneurial aspirations.

**Career and Business Ventures (1971-2000)**

Adenuga began his business career in the 1970s, importing motorcycles and other spare parts into Nigeria. His company, Conoil, was successful, but it was his ventures into the oil and gas industry that catapulted him to success.

In 1990, Adenuga founded Conoil Producing Limited, which became one of the most successful private oil and gas companies in Nigeria. The company's exploration and production activities led to the discovery of several oil fields, making Adenuga one of the largest oil producers in the country.

In 1999, Adenuga established Globacom Limited, which became Nigeria's second-largest telecommunications company. Globacom has expanded its operations into several countries across Africa and the Middle East, making Adenuga one of the continent's leading business leaders.

**Key Facts and Achievements**

* **Net Worth:** Adenuga's net worth is estimated at over $6.2 billion, making him one of Africa's richest men.
* **Conoil Producing Limited:** Adenuga's oil and gas company has been involved in several high-profile deals, including the 1998 acquisition of a 30% stake in Shell's oil blocks.
* **Globacom Limited:** Globacom has over 50 million subscribers and operates in 14 countries across Africa and the Middle East.
* **Award and Recognition:** Adenuga has received numerous awards and recognition for his entrepreneurial achievements, including the National Honour of Commander of the Order of the Niger (CON) in 2001.

**Personal Life and Philanthropy**

Adenuga is known for his philanthropic efforts, particularly in education and healthcare. He has established several schools, universities, and hospitals across Nigeria, providing access to quality education and healthcare for thousands of people.

Adenuga is also a respected patron of the arts and has supported several artists and cultural institutions in Nigeria.

**Legacy and Impact**

Mike Adenuga's entrepreneurial achievements have had a significant impact on the Nigerian economy and the African business landscape. His success has inspired a new generation of entrepreneurs, and his philanthropic efforts have improved the lives of countless people across the continent.

Adenuga's business ventures have also contributed to the growth of Nigeria's economy, particularly in the oil and gas and telecommunications sectors.

In conclusion, Mike Adenuga is a testament to the power of entrepreneurship, hard work, and determination. His achievements and philanthropic efforts have left a lasting impact on Nigeria and the African continent.