Billionaire industrialist Razaq Okoya has opened up about his succession plans, revealing that he is deliberately preparing the children he shares with his wife, Shade Okoya, to inherit and manage his vast business empire
In an interview on Arise TV, the 79-year-old businessman explained that his focus is now on positioning his younger children for leadership, stressing that they represent the future of the family enterprise.
“I am holding these younger ones close so they don’t go astray like the older ones. At 79, I have to pass it on to them,” he said.
Okoya noted that his goal goes beyond transferring wealth. According to him, he is committed to equipping them with the right mindset and discipline needed to sustain the empire he built.
“Number one is experience. Number two, they have to learn how to be focused, honest, determined and punctual,” he added.
He also revealed that one of his daughters is currently studying in Europe but frequently returns to Nigeria to gain firsthand knowledge of how the family business operates. While she enjoys international exposure, he maintained that understanding local business realities is essential.
During the interview, Okoya praised Shade Okoya for playing a critical role in strengthening and expanding his empire. He described her as deeply involved in daily operations.
“Shade was the one who consolidated my empire. She goes to the factory by 7am and comes back by 7pm. She is in charge of everything you see.”
The businessman further clarified that he has no intention of listing the company publicly, insisting it will remain under family control.
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Shey na me go inherit it before?
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