Nigeria: Africa’s Richest Woman Folorunsho Alakija set to build West Africa’s Most Expensive Tower at 165 million dollars

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Africa’s richest woman Mrs Folorunsho Alakija is set to become the owner of the most expensive building in West Africa, if not Africa. Famfa Towers is currently being built on Alfred Rewane Road in Ikoyi Lagos.

The 22-floor edifice will set the billionaire oil mogul back a whooping N60billion or $165million but at a networth of nearly $3billion, it shouldn’t be a problem for the former fashion designer who is said to be financing the project herself with no loans from any bank.

Over N6billion has already been pumped into Famfa Towers project as the building begins.

The one-of-kind Tower will be used for commercial purposes.

The last five floors is said to be for Mrs Alakija’s personal use, possibly for her office and the rest will be rented out to people who can afford it.


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Kennedy Mornah is an Award Winning Ghanaian Journalist with over two decades of experience in the Ghanaian Media landscape spanning the electronic, print and digital media. He is a Media Consultant, a Corporate MC, Radio and TV Host, Founder and Publisher of the Maritime and Transport Digest Newspaper, Businessman, a Go getter and an optimist. He has worked for renowned media organizations including Diamond Fm in Tamale, Luv Fm in Kumasi, Oman Fm in Accra and Starr Fm in Accra In 2017 he received the Reporter of the Year Award at the Ghana Shippers Awards in Accra, Ghana.

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