As Nigerian millionaire Mike Adenuga celebrates his 71st birthday, it’s an appropriate time to reflect on the important life lessons he’s taught over the years. Adenuga, Chairman of Conoil and Globacom, is a complex and influential figure whose life provides significant insights into overcoming problems.
1. Value everything, regardless of its size
Adenuga has always taught us not to take anything for granted. His worldview emphasizes the significance of valuing every asset and opportunity, no matter how insignificant it may appear. This lesson was dramatically underlined during his interactions at Equitorial Trust Bank, when he demonstrated the importance of alertness.
2. Humility in leadership
Adenuga’s journey exemplifies the value of humility. Regardless of his rank, he has been known to work closely with people from all walks of life to achieve his objectives. His willingness to be humbled—whether negotiating in distant locations or beneath President Olusegun Obasanjo’s harsh gaze—demonstrates his dedication to personal and professional development.
3. Importance of Human Capital
Mike Adenuga’s businesses function like revolving doors, demonstrating his belief in the importance of relationships and people capital. His approach to hiring and firing, which is frequently viewed as erratic, actually demonstrates a deeper appreciation for talent and potential, teaching us the importance of human capital in business.
4. Overcoming Adversity with Resilience
The story of Adenuga being briefly stripped of his official vehicle only to later get a luxury Toyota Prado exemplifies his tenacity. It’s a poignant reminder that today’s losses can pave the way for tomorrow’s accomplishments, as long as one remains watchful and prepared.
5. Maintaining vigilance is crucial
Adenuga’s life exemplifies the concept of eternal vigilance. His strategic insight and precise managerial skills have helped his enterprises thrive. This lesson pushes us to be always attentive and proactive, which is an approach that can be applied to any element of life, including business.
6. Recognize and encourage talent
Throughout his career, Adenuga has made it a point to identify and develop talent. This is shown by his encouraging of employees to contribute to internal bank magazines. His feedback to staff highlights how praise can be an effective incentive for ongoing improvement and innovation.
7. Adaptability in career paths
Finally, Adenuga’s life shows us the value of flexibility. His willingness to shift directions, as evidenced by offering an employee a transfer rather than a resignation, demonstrates the value of remaining adaptable and open to new chances.