Hajia Bola Shagaya is a the managing director of Practiol Limited, the founder of Fotofair- a leading photo laboratory company in Nigeria and is also the founder of Voyage Oil and Gas Limited. She is one of the richest woman in Africa.
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Hajia Bola Shagaya was born to a Sudanese seamstress mother (Adut Makur) and an Igbo public servant father (Emenike Mobo) on the 10th of October 1959. She attended Queens School, Illorin and went on to Ahmadu Bello University Zaria for her tertiary education. She is also an alumni of Armstrong College, California. She has a degree in economics and accountancy.
Hajia Bola Shagaya is married to Alhaji Shagaya, a transport mogul and together they have six children- . Sherif Shagaya, Hakeem Shagaya, Deeja Shagaya, Naieema Shagaya, Amaya Roberts Shagaya and Adeena Roberts Shagaya.
Hajia Bola Shagaya ‘ s Rise to Prominence
Hajia started her rise to prominence to working with the audit department of the Central Bank of Nigeria. She however left in 1983 to venture into business. She started off with importing and distributing photographic materials, soon she became the sole West Africa agent for Konica the then leading photographic company. She went on to establish a photo laboratory company in Nigeria- Fotofair (Nigeria) Limited. Fotofair stands to be a leading photo laboratory company in Nigeria with over thirty laboratories spread across the country.
Hajia Bola Shagaya is also the managing Practoil Limited, a position she assumed in 2005. In 2011 she went on to establish another company- Voyage Oil and Gas Limited.
Practoil Limited stands to be one of the biggest importers and distributors of base oil in Nigeria and serving local lubricant blending plants. She also has significant investments in real estate. Hajia sits on the board of Unity Bank Plc (formerly Intercity Bank) a position she has held for eight years and counting. She is a member of Nepad Business Group Nigeria and is a patron of the Fashion Designers Association of Nigeria (FADAN).
Hajia Bola Shagaya was awarded the title of Member of the Order of Niger (MON) on the 22nd of July, 2010 by Dr.n Goodluck Ebele Jonathan. Hajia’s children have proven themselves to be quite as industrious as she is; they are dispersed across the world, with dealings in Real Estate and also minor business and industry holdings.
Hajia Bola is has also been known to be friends with almost all of Nigeria’s first Ladies of which include – Maryam Babangida, Stella Obasanjo, Turai Yara’dua and Dame Patience Jonathan.
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Hajia Bola Shagaya’s Net Worth
Her net worth is estimated to be $600 million.