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๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Economy & Trade

Sahara Group used foreign identity to counter 'colonial mentality', says co-founder

From The Punch · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

Interview Sources not specified Context piece
  • Sahara Group co-founder Tonye Cole revealed the company adopted a foreign identity early on to overcome Nigeria's 'colonial mentality' in the oil and gas sector.
  • The company was registered in the Isle of Man, with a fictional British figure 'Dr J' fronting the business to gain access to opportunities.
  • Cole explained this strategy was necessary due to industry players' preference for foreign companies and skepticism towards young Nigerian entrepreneurs.

Tonye Cole, a co-founder of Sahara Group, has shed light on the strategic measures the company took in its nascent stages to navigate Nigeria's oil and gas industry, which he described as being heavily influenced by a 'colonial mentality.' Cole revealed that to overcome the inherent bias against young Nigerian entrepreneurs, Sahara Group was registered abroad in the Isle of Man, presenting itself as an expatriate firm.

What I remember about back then was that there was what you would call the expatriate mentality, colonial mentality at the time.

โ€” Tonye ColeDescribing the prevailing attitude in Nigeria's oil and gas sector during Sahara Group's early days.

This approach involved creating a fictitious British persona, 'Dr J,' to act as the face of the business. Cole explained that this was a calculated move to gain access to opportunities that would have been difficult, if not impossible, for a company perceived as solely Nigerian to secure. He noted that many industry stakeholders at the time believed foreign companies possessed superior capabilities compared to local businesses.

It just meant that if you were white in Nigeria, then you would basically get everything.

โ€” Tonye ColeExplaining the perceived advantage of foreign identity in the Nigerian business environment.

Cole elaborated on the challenges faced, including ageism. He recounted instances where potential clients dismissed the company's ownership claims due to the young age of its founders, who were in their late twenties. This skepticism, coupled with the prevailing belief that success in the sector was linked to foreign ownership or connections, prompted the decision to establish a UK entity.

We would go into offices and realise that if we went in as young 27, 28-year-old people and said that we own the company and we set up the company, the people sitting there would be looking at you as if, โ€˜Who are you? You canโ€™t do that.โ€™

โ€” Tonye ColeRecounting the ageism faced by the company's founders.

"We discussed with one of my partnersโ€™ teachers at the time and said, โ€˜You know what, this is who we are. You have taught us well. Weโ€™re going to say that we work for you,โ€™" Cole said, detailing the creation of the 'Dr J' identity. He emphasized that this strategy was a response to the reality of the industry, where foreign entities often held sway, and that they found a niche by leveraging this dynamic.

Everybody who was in this business, the people who were actually succeeding in the business, had foreign companies or they were foreign companies.

โ€” Tonye ColeExplaining the prevalence of foreign-owned companies among successful players in the sector.
DistantNews Editorial

Originally published by The Punch in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.