Private Jets Owners In Nigeria 2012: Wealthy Nigerians Invest N1.3 Trillion In Bizjet Acquisition

Below is a list of few Nigerians who currently owns a private jet (Private jet owners in Nigeria)

• Mike Adenuga
• Aliko Dangote
• Ifeanyi Uba
• Dr Kashim & Sir Aremu Johnson
• Pastor Adeboye
• Bishop Oyedepo
• Pastor Ayo Oritsejafor
• Mrs Folorunsho Alakija
• Ifeanyi Patrick Ubah

Private jet ownership is Nigeria is rapidly growing with an increment of 150 within 3 years. Nigeria as a nation is abundantly blessed.

In 2009, 50 private jets acquisition were recorded and as at 2012 over 200 private jets have been purchased.

It takes God’s help to discover one’s potential in this country.

There is no point criticizing any of these wealthy Nigerians .

Instead of complaining, let us pray to God to open our eyes to discover hidden secret of wealth.

Aliko Dangote, the richest man in Nigeria has no formal education.

There are thousands of ways to make money in Nigeria today.

It takes self discovery and the wisdom of God to make it in life.

Report On Private Jet Ownership In Nigeria

Nigerians have invested about N1.3 trillion in the acquisition of private jets in the last three years, according to the Nigerian Institution of Estate Surveyors and Valuers (NIESV). The institute disclosed this in Lagos recently at an international seminar on plants and machinery valuation with focus on aircraft, oil and gas installations. The NIESV said that the number of privately-owned jets in the country has jumped from 50 in the last three years to 200.

The coordinator of the seminar, Paul Osuji, said that because of time constraints and other factors, the number of private jets would continue to be on the increase. He said that the seminar was organized to train their members on plant and machinery valuation, noting that at times, people purchase properties without knowing their real worth. According to him, professionals in Estate Surveying and Valuation are trained to value aircraft before they are paid for and brought into the country.

Osuji said that they have valued most of the private jets that are plying the Nigerian airspace “We are mandated by our profession to constantly train and retrain our members. After the last Dana Airlines crash, a lot of attention had been drawn to the aviation sector. People now want to know the airworthiness of the aircraft they want to pay for or they want to fly in. That is why we organize this seminar and most often, we bring our colleagues from other parts of the world to come and share their knowledge with us.

We are the only profession that is authorized by law to place value on any property .We are professionally trained to value properties and there is a world of difference between assessing a machinery and placing value on it. When the engineers assess a machine, what they are trying to find out is its workability. That has nothing to do with the value of the machine .It is the surveyors and valuers that have the requisite knowledge as well as the expertise to place values on items,”Osuji said.

In his opening remarks, NIESV president, Emeka Eleh, said that it is only by constant training that the members could differentiate themselves from quacks. He said if the members become proficient in their professions, when outsiders deal with them and the quacks, they would have no cause to patronize the quacks.(Source: DailySun)

UNN, University Of Nigeria Nsukka Student Designs Rocket Propellant (Idoko Modestus Chijioke)

UNN, University Of Nigeria Nsukka Student Designs Rocket Propellant (Idoko Modestus Chijioke)

Recently during projects defense organized by the Department of Physics and Astronomy, University of Nigeria, Nsukka. A 20-year-old of the department called Idoko Modestus Chijioke stunned the panel of assessors when he presented an amateur solid rocket propellant as his own project.

Chijioke’s lecturers not only marveled at his ingenuity, his supervisor, Dr. J. A. Alhassan, was so proud of him that he called on the federal government to assist the young genius to achieve the best so as to conquer his world.

The amateur rocket has PVC-pipe as the motor casing, aluminum as the nose cone, ½-inch pvc-cover, aluminum and a ½-inch diameter pipe as the nozzle. The propellant is made up of 325 grams of potassium nitrate (oxidizer) and 175 grams of sorbitol (sugar), making a total of 500 grams. The PVC-pipe is of ¾-inch diameter, and 65cm in length. The rocket motor igniter is a mixture of potassium nitrate and charcoal at 80/20 ratio, to form it into a black powder (gun powder).

Amateur rocketry is also known as experimental rocketry. The project design objective according to Chijioke and to test the workability of a potassium nitrate (oxidizer) and sorbitol (fuel) blended into a KN-SB propellant for the amateur rocket made with local materials. The rocket which was launched successfully on one of the hill-tops behind the university attained an estimated height of 35m in flight.

In a chance encounter with this reporter, Chijioke shed more light on how he came up with the idea for the project.

“I came up with this project because of a childhood dream of being a rocket scientist,” he said, “and this particularly led me into the Department of Physics and Astronomy, of UNN, to get a good grasp of the physics/science of rockets and an understanding of astronomy for which rocket is basically built”.

Asked what challenges he encountered in the course of carrying out the project, the soft spoken young man said he cannot point to any because according to him, “life is all about challenges but with focus and determination, success will surely come”.

“Some people around me thought this was not possible,” he added. “But this only made me determined to prove them wrong. The other challenges were normal in amateur rocketry as several trials were made and several failures recorded. But at last the design objective was obtained. I have dreams and tall ambitions. One of them is to be in space one day. I only pray that my dreams will get support both from government and well meaning individuals so that they will be actualized”.

In a chat with Education Review, Alhassan, his project supervisor, said that, through his project, young Chijioke has demystified science.

“The solid rocket propellant constructed by Idoko Chijioke, though an adaptation of an amateur astronomer experiments, is original. He fabricated the rocket from locally available materials from our environment. Whenever we hear of rockets, our minds by reflex action go to the technologically advanced world. Chijoke has demystified science by his effort. If he is properly motivated and equipped, he can break the ice in scientific world. There is hope for Nigeria’s national transformation if we can support and fund scientific innovations like my student has done” he said. (Source: UNN.edu)

Folorunsho Alakija Nigerian Named World’s Richest Black Woman

Folorunsho Alakija Nigerian Named World’s Richest Black Woman

Do you remember the story of a Nigerian oil billionaire, Mrs Folorunsho Alakija who was named the richest woman in Africa in Forbes latest report? If you missed it, read it here

In the previous report, her estimated net worth was $600 million (around 94 million naira).

In this latest report by Venture Africa biz-magazine, American talk show host, Oprah Winfrey is no longer the world’s richest black woman.

Mrs Folorunsho Alakija has beat Oprah with a new estimated net worth of $3.3 billion.

Venture Africa claims Mrs Alakija who currently owns 60% stake in a $10.74 billion oil business worths $6.44 billion.

In the report, Mrs Folorunsho Alakija‘s real estate properties worth over 100 million USD. She recently bought an additional property at One Hyde Park for a whopping 102 million USD.

Additionally, the oil billionaire is one of the owners of private jet in Nigeria.

Alakija currently owns a $46 million Bombardier Global Express 6000 jet she acquired earlier this year.

With all of the above assets, Folorunsho Alakija has been named the richest black woman in the world.

She has replaced Oprah Winfrey who currently worths $2.7 billion.

Folorunsho Alakija is the executive vice chairman of Famfa Oil & Gas limited based in Nigeria and the founder of Rose of Sharon foundation that caters to needs of Orphans and widows.

Mrs Alakija is happily married with four children.

Enebeli Elebuwa dies in Indian hospital

Enebeli Elebuwa dies in Indian hospital 

Former Actors' Guild President, Segun Arinze, has confirmed the passing away of veteran actor, Enebeli Elebuwa in a hospital in India.

Mr Elebuwa died in the early hours of today Wednesday December 5th in the hospital in India where he was flown to a few months ago by the Delta State government to receive treatment for an ailment. He was 65. Truly sad! May his soul rest in peace. Amen.

Iyanya breaks Yvonne Nelson's heart, dumps her for Tonto Dikeh

         This is not rumor o. Its fact! Iyanya's four months relationship with Ghanaian actress Yvonne Nelson has ended. The two went their separate ways after Yvonne found out Iyanya was also involved with another actress, Tonto Dikeh. The relationship between Iyanya and Yvonne started in July this year and ended about a week ago. The one with Tonto, well, Iyanya and Tonto have been friends for a while, but they started getting real close in the last couple of weeks...

Yvonne has been venting on Twitter all morning...see more Tweets after the cut...