Chika Okafor, CEO of Chikason Group of Companies


Residents of Nnewi and Anambra State are familiar with the company name, Chikason Group of Companies, but most of the people do not know a lot about the entrepreneur. In this post, we’ll be exploring the details of the struggle and growth of this find successful entrepreneur. We’ll write about the biography of Chika Okafor, CEO of Chikason Group of Companies.

Biography of Chika Okafor, CEO of Chikason Group of Companies

Chief Alexander Chika Okafor (OON) is the Chairman and founder of Chicason Group of companies. He hails from Umudim, Nnewi, in Anambra State. He was born in 1957, ten years before the Nigerian Civil War. As a child, he witnessed the ravages of the war. Chief Okafor was born into a struggling home.

Having lost his father when he was eight-years-old, young Chika Okafor understood that he has to work hard to keep the family financially afloat with his mother. Thus, he helped his mother out in frying akara and doing other menial jobs to ensure the family feeds. He also did other jobs to pay his school fees while growing up in Nnewi. At a tender age, he owned and managed a poultry farm of around 500 birds exhibiting entrepreneurship from such young age.

Chief Okafor moved away from his mother to go become an apprentice in his uncle’s business. It is after his apprenticeship that he started off on his own. He started with venturing into the business of buying fishing materials and selling it to Ghanaian fishermen. It was a successful venture until the president banned the exportation of such to Ghana.

He came back to Nigeria and started an electrical trading shop called Chikason Electrical. This was also successful. However, he was advised by his close friends to consider more profitable businesses. So, he ventured into the importation of female wears made in Hong Kong. It was a hit commercially.

All of the important moves and major changes of business Chief Chika Okafor made was in the 1980s and 1990s. From then onwards, his businesses has expanded, and it has become a full company with a board. The company has also ventured into the production of several products, transportation, real estate, trading, oil and gas, and so on.

Presently, Chief Chika Okafor is the Chairman of Chikason Group of Company with vast business interests in various sectors. He oversaw the consistent growth of his business overtime. The headquarters of his business is in his hometown of Nnewi, a good initiative of growing Nnewi’s and southeast’s economy.

The Federal Government recognized his contribution to the growth of the economy and his strides in business, and so, they gave him national award. He was also awarded an honorary doctorate degree in Business Administration by Nnamdi Azikiwe University for his contribution to business. He sits on several company boards, and acts on lots of advisory roles.

Chief Chika Okafor spends most of his time in Nnewi. He is happily married with children.

What is the Net Worth of Chief Chika Okafor?

Chika Okafor’s net worth cannot be placed totally; it can only be estimated. Having said this, Chika Okafor’s assets and businesses are worth around $400 million.

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