Alhaji Auwalu Abdullahi Rano, better known as A. A. Rano, is a Nigerian businessman and philanthropist serving as the CEO of A. A Rano Nigeria Limited. The 49 year-old has a net worth estimated at $9 billion.
Rano is a business mogul in the oil and gas sector. For many years, he’s been involved in the business as he is known to have tons of gas stations across Nigeria. With his wealth and business acumen, A. A. Rano is listed among the richest men in Nigeria. Here are interesting facts to know about him.
A. A. Rano Hails From Kano State in Northern Nigeria
Alhaji Auwalu Abdullahi Rano was born on February 7, 1974, into a Muslim family in the Rano Local Government Area and the headquarters of the Rano Emirate Council in Kano State, Nigeria. Not much is known about his family but he is said to hail from the Hausa-Fulani tribe, with both his parents being Kano indigenes.
For his education, A. A Rano attended the Government secondary school in Rano, Kano state. He also attended Bayero University where he studied for a degree in Business Administration. After graduation, he went ahead to obtain a Master’s degree in Business administration from the university.
Rano Began his Oil and Gas Business Over two Decades Ago
A. A. Rano was quite young when he joined the oil business. He started off his business selling ice blocks, groundnut oil, and other local items. However, as a young entrepreneur, he aspired to be one of the notable leaders in the Nigerian petroleum industry’s downstream sector, generating consistent income and development in the dynamic and tough downstream sub-sector.
Hence, he left his petty business for the lucrative world of the oil and gas business by first floating his first petrol station in Kano and later, Zaria. With so much passion for the business, he began by operating a network of fuel distribution stations around the country. He started with one filling station and by the early-2000s, he was already the owner and founder of his own company, A. A Rano.
He started his oil business in 1994 and his company A.A. Rano was started in the early 2000s. Rano Nigeria is a full-stream oil and gas company. The company deals in the wholesale and retail distribution of Premium Motor Spirit (Fuel), Dual Purpose Kerosene (DPK), Automotive Gas Oil (AGO), Liquefied petroleum gas (LPG) and lubricants. He is also into storage and haulage of petroleum products, oil exploration and lifting, and trading and importation of petroleum products.
Rano reportedly has over a hundred retail outlets spread across Nigeria, with over 600 trucks lifting Nigeria’s highest petrol of 169.7 million litres per month and expanding his retail network to provide consumers with top quality, best prices and availability. As part of its strategic business expansion program, it acquired a vessel, constructed a 56-million-liter tank farm facility, and is constructing a 20,000-metric-ton LPG plant in Lagos, Nigeria.
Rano Owns Rano Airline
While his oil business continues to boom, Rano saw the need to diversify into other lucrative businesses. He is the owner of Rano Air which was licensed and incorporated in 2019. The airline owns not less than five numbers of EMB 145 aircraft, with its operation base in Abuja. The airline currently flies to Abuja, Kano, Lagos, Sokoto, Maiduguri, Kaduna, Yola, and Asaba.
What is A. A. Rano’s Net Worth?
Auwalu Rabo’s net worth is estimted at $9 billion. He generates much of his income from investing in the Nigerian oil sector and partnering with Nigeria’s main petroleum enterprises, such as NNPC and NLNG. The Kano-born founder of A. A. Rano Group has been able to nurture his businesses into a conglomerate.
A successful businessman, Rano is the Chairman/Chief Executive Officer of A.A. Rano Group, which includes Rano Oil and Gas Companies, Nicabon Petroleum, Dan Kano Oil and Chemicals, Rano LPG, Ibal Petroleum, Da Kuma Centra Oil limited company, Rano Transport, and Rano Farms. Under federal government offshore processing documentation, Rano’s business has a lifting right of 45,000 BPD of Nigeria crude oil.
Aside from making a huge investment in the oil sector, Rano also has a genuine passion for real estate. He owns several multi-million naira properties across the cities of Lagos, Abuja, and Kano state. His multimillion-dollar white house in Abuja is said to be one of the best and biggest in Nigeria.
Businesses under A. A Rano Group includes:
- Rano Oil and Gas Companies,
- Nicabon Petroleum,
- Dan Kano Oil and Chemicals,
- Rano LPG,
- Ibal Petroleum,
- Da Kuma Centra Oil limited company,
- Rano Transport
- Rano Farms.
A. A. Rano is a Well-known Philanthropist
Rano is one of the richest residents in Kano State. Aside from building magnificent houses worth billions of Naira across major cities in the country, he is famous for his philanthropic nature. He is the founder of the renowned A. A. Rano Foundation – a Non-Governmental and Non-Profit Organization with much focus on community development programs in the areas that include health, education, youth and women empowerment, water supply, and so on. The foundation also provides tuition assistance to students and reimburses patients for the cost of therapy or surgery.
Rano is also behind the founding of Kano State’s Islamic Darul Sunnah. It is a school where Islamic education is provided. Seminars and events on Islam such as Sheik Ibrahim Daurawa, the leader of the affluent Alh Sani contract, and the leasing ceremony are also held in this center. Every Ramadan, Rano consistently reduces the price of oil at its gas stations to make life simpler for the population.
Who is A. A. Rano’s Wife?
A. A. Rano’s wife is Hajia Asma’u Auwalu Abdulla. Though a wealthy billionaire, A. A Rano is one of the few rich men in the country whose family members are not known. Even with his enormous wealth, non of Rano’s children is known to the public. Hence, it is not clear how many wives and children he has.
However, the Kano-born Hausa-Fulani Muslim is said to have a daughter who he gave out in marriage in the early months of 2017. Although the name of his daughter and her husband were not given, the wedding ceremony that was held at the Umar Bin Khattab Juma’at Mosque Kano attracted dignitaries like Governor Abdullahi Umar Ganduje of Kano State, Governor Ibrahim Hassan Dankwambo of Gombe State, Malam Ibrahim Shekarau the former Governor of Kano State, and Alhaji Kabiru Rurum, Speaker Kano State House of Assembly.