Profile of Hajia Bola Shagaya (MON)

Hajia Bola shagaya (Mon) was born on the 10th of October, 1959. She hails From Ilorin, Kwara state. But resides and conducts her business principally, in Lagos.

She had her secondary school education at Queens School Ilorin, and her tertiary education at Ahmadu Bello University Zaria, and Armstrong College in California, where she studied economics and accountancy. She also attended a number of local and international seminars and workshops, including Harvard business school, United States.

She started her career with the audit department of the central bank of Nigeria before venturing into commercial activities in 1983. Her business experienced commenced with the importation and distribution of photographic materials, namely, Roll papers, Films and chemicals under the trading name, Bolmus international (Nigeria) Limited. She introduced the Konica brand of photographic materials into the Nigerian market and the West African coast.

In 1997, she registered Fotofair (Nigeria) limited and opened a photo laboratory service unit on Victoria Island Lagos, Using 100% Japanese technology under the Konica brand name. Today, Fotofair (Nigeria) limited, has over thirty photo laboratories located in different parts of the country and evidently one of the largest photo laboratories in Nigeria.

Hajia Bola Shagaya is also the managing director of practoil limited, one of the largest importers and distributors of base oil in Nigeria, meeting the needs of the local lubricant blending plants. 

Currently, practoil is building its own state-of-the-art lubricating plant at kirikiri, Lagos state, which will produce multigrade oils and lubricants. Her business empire, which also includes a huge investment in real estate, spans across major cities in the country and has over three hundred employees.

She was on the board of intercity bank for over eight (8) years. While on the board of the intercity bank (now Unity Bank PLC), She served in different capacities on various board committees including the position of chairman of the bank’s establishment committee and the chairman, Audit committee, just to mention a few. In addition, Hajia Bola Shagaya was a member of the Audit and credit committees of the board of Unity Bank PLC. She is also a member of the recently inaugurated NEPAD business group – Nigeria.

She was the chairman, committee on economy, trade and investment at the 2014 national conference.

In recognition of her leadership qualities and immense contribution to economic growth, she was, on the 3rd of August 2012, awarded the national productivity order of merit award by the president of the federal republic of Nigeria, Dr. Goodluck Ebele Jonathan (GCFR).

In recognition of her outstanding virtues and in appreciation of her services to the country on the 22nd of July 2010, she was awarded by the president of the federal republic of Nigeria, Dr. Goodluck Ebele Jonathan (GCFR), the title of the member of the order of the Niger (Mon).

A patron of the fashion designers association of Nigeria, (FADAN). She is a fashion and art enthusiast who supports and encourages the fashion and art industry. A sports lover, especially polo. She has consistently supported polo tournaments over the years in Nigeria.