We’ve decided to share the profiles of the 8 highest paid Nigerian CEOs and the stories behind their rise to the top. It here and we hope you’ll find it inspiring and interesting, as the Leadership Newspaper puts it. Being a successful and influential chief executive officer takes hard work, guts, sacrifice and a more-than-average knowledge of how the business environment works. Many who wish to be successful and influential wonder how others have achieved great things, thinking such feats are impossible in their bid to toe same path.
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Nigeria boasts a slew of successful CEOs in almost every sector – banking, oil and gas, sports, health and manufacturing. Here is the list of top 8 highest paid Nigerian CEO’s and how much they earn
8. CEO, Stanbic IBTC, Sola David-Borha
Annual Income: 117 million naira
As the managing director/CEO of StanbicIBTC Holdings Plc,David-Borha is one of the country’s highly-rated bankers. She is the highest paid director in Nigeria’s banking sector, with an annual remuneration of N177 million. When broken down, this becomes N484, 931 daily, including weekends when many have no reason to go to work.
David-Borha has patiently risen through the ranks to get to where she is today. She was, at different times, responsible for overseeing the corporate finance and corporate banking, projects and structure finance, as well as asset management and private banking departments. At a time, she bore the burden of supervising treasury and finance services department.
David-Borha also headed the correspondent banking relationships’ department at Stanbic IBTC and served as a member of the executive committee. She was appointed to the bank’s board in 1994 and has held other positions, including a spell as director of Stanbic IBTC Bank Plc, Stanbic Nominees Nigeria Limited and Stanbic IBTC Stockbrokers Limited. She was also appointed a member of the board of Financial Institutions Training Centre (FITC). She did not miss serving as a member of the bank’s board credit, board nominations and risk management committees.
Having passed through these stages before rising to the pinnacle, David- Borha can be said to have, indeed, paid her dues and can be said to have exhibited a great degree of competence, experience, long career plan and hard work to get to her present position.