Details: Reasons Femi Otedola Is Very Popular Among Young Nigerians

Femi Otedola is one of the most loved Nigerian Billionaires by many young Nigerians.

One of the reasons is that the 59year old showcases the life of the rich and famous for all to see.

“He is perhaps the only billionaire of his status who provides that much insight into the lifestyle of the rich and famous on the gram. Nobody comes close” Societynow. Ng learned.

Otedola, the son a former Governor of Lagos state – Sir Michael Oteolda – and the chairman of Geregu Power Plc – the 414ww power plant acquired for $132million in 2013 – has over 1.2million followers on Instagram with just 304 posts despite following only four people – Halimaalikodangote, Seyitinubu, Tonyelumelu and mreazi- outside of his daughters- temiotedola, Tolani and cuppymusic.

The numbers tell a good story of how well letting the public into his life of luxury which include vacations to different dream spots highlighted by whims such as travel to a country to get Ice Cream – Italy as revealed by daughter DJ Cuppy earlier in the year – and gifting daughters heart desires like wondrous automobiles Ferrari has pushed his popularity compared to those of the other prominent billionaire on the place to be for the very cool people – Tony Elumelu.

Elumelu, the extraordinary businessman at the forefront of campaigns for a better narrative for Nigeria and Africa in the global space has 687,000 followers with 578 posts and follows only two accounts – that of his wife, Awele and…Femi Otedola SocietyNow.Ng’s checks revealed.

Elumelu is not as showy as Otedola on the grams and appears very intentional in culturing a business goal-oriented lifestyle spiked with dabs of fine living.

“That is not to say Otedola is all about pleasure and luxury, it is just that he has postured himself to speak to the yearnings of the good life and fine taste of the new generations with his seemingly carefree approach and high-end easy life” SocietyNow.Ng.

Otedola’s response to one of his fans querying why he has so much free time to luxury at exotic spots in different parts of the provided a glimpse into how he might have structured his business.

The Ibadan Oyo State-born businessman said he has learned to put other people in charge of things.

His recent emergence as the biggest shareholder at FirstBank Holdings validated this claim.

The father of four – Tolani, Florence, Temi, and the better looking Fewa – was only able to pull it off with other people doing the work underground.

Outside of his life of luxury and good life, that he does a bit of charity has also helped his popularity with young Nigerians.

In 2019, he donated N5Billion to Save the Children, the 100-year United Kingdom-based charity, to support its intervention in the northeast.

The donation announced by his daughter Tolani was listed as the largest individual donation to charity in Nigeria’s history.

Finding by SocietyNow.Ng further revealed that in June 2021, the Otedola who is fingered as a major player in the shipping world with SeaForce – thanks to major play in diesel with Zenon and later Forte Oil sold in 2019 – donated N2billion Engineering Faculty building to Augustine University, Epe, Lagos State.

The Billionaire also famously helped former Super Eagles coach Christian Chukwu fight prostate cancer with a donation of $50,000 and taking of related expenses.

Peter Fregene, a former national football team goalkeeper, and actor Victor Olaotan were also provided with medical aids by Otedola among other acts of charity.

It has also helped that all his daughters are engaged in enterprises that keep the Otedola name on the lips of the young ones. Florence Ifeoluwa known as DJ Cuppy needs little or no introduction. Temi, the younger sister is an actress, style blogger, aspiring designer and the girlfriend of Mr Eazi – the singer. The eldest of the Otedola sisters, Tolani is the sonorous singer who is making a return to music after a break to take care of her health.

And added to the resume that has made the member of the National Economic Management Team – in the administration of former President Goodluck Jonathan – the darling of young Nigerians is the touch of “gangster” to his name.

Farouk Lawan is yet to get over playing dirty with Otedola during the 2012 fuel subsidy probe while sisters from out of Nigeria Jyoti and Kiran Matharoo still regret attempting a similar play, checks by SocietyNow.Ng revealed.