- Razaq Okoya, a billionaire businessman, is preparing his children to inherit and manage his business empire.
- He emphasizes the importance of grooming his younger children for future leadership roles.
- Okoya believes that his children represent the future of his business and legacy.
Billionaire businessman, Razaq Okoya, has shared his vision for the children he has with his wife, Shade Okoya, revealing that he is deliberately preparing them to inherit and manage his empire.
Speaking in an interview on Arise TV, the 79-year-old explained that he is intentionally focused on grooming his younger children because, according to him, they “hold the future.”
“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.
He made it clear that his plans go beyond simply transferring wealth. Okoya noted that building character and discipline in his children is just as important as handing over assets.
According to him, experience and strong values are the true legacy he intends to leave behind.
“Number one is experience. Number two, they have to learn how to be focused, honest, determined and punctual,” he added.
Okoya also revealed that one of his daughters is currently studying in Europe. However, despite her international exposure, she is frequently brought back to Nigeria to understand how the family business is structured and managed. He stressed that while she is learning abroad, she must also grasp local business ideas and operations.
In another part of the interview, the businessman credited Shade for playing a key role in strengthening and consolidating his empire. He commended her commitment and described her as fully overseeing 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.”
Okoya further stated that he has no intention of taking the company public, maintaining that it will remain a family-owned business.
His remarks have since generated conversations online, particularly around succession planning and the dynamics of managing wealth within family structures.
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