AutoReportNG:
Elizade Motors is not strange to many Nigerians as the name is the parent company of Toyota cars in Nigeria, but there is a man that runs and control this multi-million dollar business empire. The success story of Nigerian Dollar multi-millionaire Michael Ade-Ojo, the founder and CEO of the Elizade Group of companies should be a case study for anyone who wants to go into the automotive business in Nigeria.

In the beginning

Chief Michael was born in Nigeria on June 14, 1938, to two modest parents. At a very young age, he became a street vendor and started selling charcoal, food, & firewood to help make ends meet.

He was born in a time when there was little to no financial aid for the less privileged, and parents believed a lot lesser in education, yet he still successfully made it through high school, and later got a degree in Business Administration from the university.

After his graduation, he joined the workforce at CFAO motors; a French distribution company. This same company had paid the tuition for his last two years in the university.

In 1966, while still working as a salesman for CFAO motors, he successfully sold 20 trucks to the Electricity Corporation of Nigeria, but to his dismay, his manager took credit for the sale, which led to a protest by Michael, followed with him losing his job by the end of the year.

After his ousting at CFAO motors, he moved on and got a job at British Petroleum (BP). Within three months of his employment, he increased the sales of his local division by 25%. But just as he was unfortunate with his previous employment, his new boss took credit for the outstanding growth, and this left him aggrieved and lost in thoughts. (No be only Naija dey do fraud, oyinbo people sef na real wayo)

The Breakthrough

As the popular adage says, when life gives you a lime, make a lemonade out of it. Chief Micheal has every course to stay put in his BP job and be contented, but he decided to take a risky but eventful decision. While in Lagos, Nigeria, during his annual British Petroleum (BP) holiday, he decided to take a daring step to approach the RT Brisco Group; an importer and distributor of trucking and automobile equipment. He made them an offer to sell their equipment for a commission on every successful sale.

After careful consideration, the RT Brisco Group decided to give him a trial. In just four months after he sealed the deal with Brisco, he sold about 40 cars. The commissions earned from the total sales were overwhelmingly higher than his yearly salary at BP. This motivated him to quit his job, and pursue his dreams.

In 1971, he started the company, Elizade Independent Agencies (EIA), with his wife, Elizabeth Wuraola Ojo. The name Elizade, was derived from both his wife’s name, Elizabeth, and his name, Ade. His company focused on the distribution of automobiles in Nigeria, especially Japanese cars.

He acquired the license to import Toyota Cars, with the name, Toyota Nigeria Limited, and single-handedly, made the car brand, the most sought-after automobile brand in Nigeria. He later went on to acquire 100% of RT Briscoe in Nigeria, and subsequently acquired more shares, to make his total holdings in Toyota Nigeria Limited, sum up to 74%.

The brand Elizade Motors Group

Today, his conglomerate consists of Toyota Nigeria Limited, RT Briscoe Nigeria, Elizade Auto Land, Classic Motors Limited, Crow Motors Nigeria Limited, Elizade University, Okin Travels Limited, and a host of other investments. He’s also on the board of directors of several Nigeria banks and other companies such as Ecobank, First City Monument Bank, and SMT Nigeria Limited (the official distributors of Mack trucks, Volvo trucks, & Volvo Construction Equipments).

Moral

Never be too comfortable in your present position, that you can making millions from the job never meant you can't make more when you innovate.

Credits:
Toyota Nigeria, StartUpDaily

Source:
http://www.autoreportng.com/2018/02/elizade-unveiling-man-behind-toyota.html

Lalasticlala
Seun
Mynd44
Marpol
Fynestboi

opedaydydx9:
His look tho.. Be like dry cleaner Tru tru

Yeligray:
If it is legalized here in Naija, we will have more mad men

boman2014:
no matter what p'ple think about Hell-Rufai



He still a funny little great guy.

My Governor

2SWT:
She hasn't even started, once this one leaves the man, she should be ready to make posters for the next chick

I wonder why some women go after the side chicks instead of their cheating husbands

adecz:

I have never seen a more wicked govt
than this Buhari regime.

We are unable to produce enough food
to feed the population, but customs
seizes any food coming in.

We say we want to be a food exporting
country, but raise alarm when neighboring
countries come to load our farm produce
to take out.

The Agric minister is an incompetent
French graduate who confuses ignorant
people with fake statistics. His fake theories
including Ibe Kachikwu's nonsense policies
are responsible for the terrible hunger &
inflation that have become normal things
under this clueless regime.

This govt is full of deadwood Ministers who
have no idea of what to do.

Can anybody name any positives that
this govt has brought to their lives?

All they do is to chase moving shadows.

All the corrupt bigwigs of GEJ regime are
walking about freely & enjoying their loot.

Issokay.... 2019!!

Bitchiamjay:
Oooh Lawd .


But for real, I can place my phone on that ass and it won't fall.


#YOLO

EastGold:
Broke ass nigga.

But some girls can be very annoying.


A lady begged me for tfare yesterday morning, I gave her 5k from awka to Ph.

She flashed later in the evening and I called her back. This time she was begging for 1k to do subscription

kn23h:
He’s amongst the dullards claiming to have developed Lagos.

Billionaire Okada rider

nifemi25:
@op why not confirm the prize before you posted it here. Who knows someone might know someone who knows someone who knows someone who knows someone that is interested in buying the mansion.