The billionaire businessman says a conversation involving his daughter pushed him back into active business operations.
Nigerian billionaire businessman Femi Otedola has revealed that there was a period when he stopped active business operations and relied largely on interest earnings from funds deposited in Nigerian banks.
Otedola shared the account while reflecting on a turning point that led him back into business activities.
According to him, “I made money and put it in Nigeria banks and I was making 35% in interest until one day my daughter was asked at school what her dad does for a living and she said I sleep. That’s when I started business again.”
The statement offers insight into a period in the businessman’s life when banking returns reportedly became his primary source of income before he resumed active investments and business engagement.
His remarks also draw attention to the economic climate of the period he referenced, particularly the level of returns available within Nigeria’s banking sector at the time.
Otedola did not specify the exact period during which the experience occurred, but the comment has generated renewed discussion around investment culture, entrepreneurship, and wealth management in Nigeria.
The businessman remains one of Nigeria’s most prominent corporate figures with interests spanning energy, finance, and infrastructure sectors.