29/08/2026
MTN CEO Karl Toriola was the second-highest-paid CEO in Nigeria last year.
Last year, he received N2.907 billion in salaries.
That is 242 million as a monthly salary when you break it down.
But MTN Nigeria paid the prince from Modekeke in Osun State more than that.
He was also given other incentives like a bonus and then MTN stock options, and the total of everything he received from MTN Nigeria last year totalled $3.4 million, which is approximately 4.6 billion naira.
Karl was able to earn this much because his father, who is the king of Modekeke, intentionally sent him to school.
And his story to the top is a reminder that education is not a scam.
Going to school works; it changes lives and destinies.
Education is one of the fastest ways of escaping poverty and improving the final outcome of a family and a community.
We need to preach this message to young people who are disillusioned with education.
And also, as a 9-5, you can build wealth without necessarily leaving to start your business.
Karl is a billionaire from 9-5, working for MTN Nigeria and he is not an outlier.
There are many 9-to-5 billionaires like him scattered across corporate Nigeria, especially in Lagos.
