I Don’t Want a Repeat of the Past” — Okoya Speaks on Succession Plans

Nigerian billionaire businessman, Razaq Okoya has shared insight into his plans for the future of his vast business empire, revealing that his younger children are positioned to take over his legacy.

Speaking candidly about succession, Okoya explained that his decision is influenced by past experiences with his older children. According to him, he is determined to ensure that the next set of successors are better prepared and more aligned with his vision, stressing that he does not want them to repeat what he described as the shortcomings of the senior ones.

The industrialist, known for building a multi-billion-naira business conglomerate, emphasized the importance of responsibility, discipline, and proper guidance in sustaining generational wealth. His comments suggest a deliberate effort to secure the long-term survival of the empire he spent decades establishing. Okoya’s remarks have sparked conversations about inheritance, leadership transition, and the challenges of managing family-run businesses across generations.