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πŸ‡³πŸ‡¬πŸ’: Folorunso Alakija, Billionaire Founder of Famfa Oil Behind Ikoyi Corporate Tower Presence

June 20, 2026 1 min read

Folorunso Alakija, Nigerian billionaire businesswoman, is the founder of Famfa Oil, one of Nigeria’s leading indigenous oil exploration companies with offshore interests developed in partnership with international oil firms.

Famfa Oil operates from a high profile corporate headquarters building in Ikoyi, Lagos commonly referred to as Famfa Tower, reflecting its status within Nigeria’s upstream oil and gas sector.

The building is regarded as one of the most premium grade commercial infrastructure assets in Lagos due to its location in Ikoyi, high end corporate usage, and concentration of elite business activity in the area. It stands among the most expensive classes of commercial real estate in the city’s luxury property market.

Its presence contributes to Lagos’ economic growth by strengthening Ikoyi as a top tier business district, attracting high value corporate operations, supporting demand for premium office