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Re: Businesses Owned By Nigerians In Diaspora by ednut1(m): 9:04pm On Feb 12, 2023 |
LordAdam16:false majority of Nigerians there went with visiting visa or libya route. Then hustled for papers via marriage or asylum. |
Re: Businesses Owned By Nigerians In Diaspora by LordAdam16: 9:14pm On Feb 12, 2023 |
ednut1: We are not talking about people who gamed the system on this thread. -Lord 1 Like |
Re: Businesses Owned By Nigerians In Diaspora by ednut1(m): 10:02pm On Feb 12, 2023 |
LordAdam16:the second set of students - 1960s to early 80s before IBB didn’t stay. They came back |
Re: Businesses Owned By Nigerians In Diaspora by Dotman2210(m): 10:29pm On Feb 12, 2023 |
Google the name Bayo Ogunlesi |
Re: Businesses Owned By Nigerians In Diaspora by CartelKenneth: 11:55pm On Feb 12, 2023 |
ednut1: How do you expect the to do well whe they’re too busy selling drugs running from the law and getting deported 1 Like |
Re: Businesses Owned By Nigerians In Diaspora by Nigerfine3: 2:14am On Feb 13, 2023 |
Nice thread I live in USA and I have been here for close to twenty years. American businesses are huge, conglomerates, inherited, and very capital intensive, There are some businesses that instead of venturing you rather get paid. The Mexicans ( South American too) own construction, and other handi work. This they achieve easily through apprenticeship from themselves, their non ability to speak English make them labor there till the master it. Nigerians are educated, speak English and if you wouldn’t earn great in business you just get a job. I’m so business inclined, if you have good hands, you earn more having the business in Nigeria. There was a day I was studying a business that sells tire rims, I saw the business had four guys bringing out their wears in very early morning. I then think adding the owner that would be five. Now, you can drive Uber to make 4-5k per month as a naija hustler. How many of such beautiful rims at over 500$ each can you sell per day, I asked myself, how much profit could be made here? How much profit gives you over 20k per month selling rims? At that 20k, you pay the guys let’s say 3k each, that’s 12k, owner? , you have rent for such a place for like 2k,light, tax, I told myself this isn’t good enough. Of course the guys working there don’t speak English. 3 Likes 1 Share |
Re: Businesses Owned By Nigerians In Diaspora by Papilagreen: 3:09am On Feb 13, 2023 |
thebosstrevor1: Most Indians and Chinese here they mostly start from scratch here and they don't normally get any support back home infact most Indians and Chinese I have met here who owns restaurants to real estate businesses they all have one thing in common.THEY ALWAYS HELP AND SUPPORT EACH OTHERS AND THEY SHEAR BUSINESS OPPORTUNITIES AND IDEAS TOGETHER ALWAYS... Regardless if related by blood or not. If na we Nigerians we dey always feel like say we dey compete with each other and like say we wan kill and deny each other na why we dey slack sometimes.. We Nigerians abroad we too over smart pass ourself we con dey do ourself... 1 Like |
Re: Businesses Owned By Nigerians In Diaspora by plaetton: 6:25am On Feb 13, 2023 |
MiaBeer:I wonder o. Nigerians are backstabbers. Everyone I mentored have turned out to be not only my fiercest competitors , but seek to undermine my business in every way. Even my Nigerian employees first come it with " I humbly beg to apply". 3 months later, they are busy seeking ways to undermine my business. I no longer employ nor mentor my fellow Nigerians. It's just too risky. 2 Likes |
Re: Businesses Owned By Nigerians In Diaspora by plaetton: 6:56am On Feb 13, 2023 |
iramure:Our primary export to the world. You go to a typical industrial area, you would see Indians, Pakistanis, Chinese, Iranians, Syrians, etc, occupying these industrial units , producing, warehousing or selling products. Then next few doors in the same complex, you would see 'So So and So ministries or this and that church of God. It is as if primitive bronze age superstitions from the Middle East are the only things our brains are capable of absorbing and promoting. 4 Likes 1 Share |
Re: Businesses Owned By Nigerians In Diaspora by BanyXchi: 7:28am On Feb 13, 2023 |
Shikena:not just in America but the whole Western world... In Australia and New Zealand, Canada the most successful businesses are owned by Yorubas. 4 Likes |
Re: Businesses Owned By Nigerians In Diaspora by Parishpascal(m): 8:45am On Feb 13, 2023 |
They are alot of Nigerians making us proud Abroad. In enterprenuer and business Nigeria is number one in Africa then South Africa. One of the best Restaurant in Ghana that sale Pizza is owned by Nigeria. Binnaparlour Pizza located in Accra Ghana is owned by Obinna Pascal Amajuoyi a Business man from Imo State Nigeria. He is making Nigeria Proud in Ghana. [img][/img]
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Re: Businesses Owned By Nigerians In Diaspora by IbeOkehie: 10:17am On Feb 13, 2023 |
plaetton: There's a street, Harford Rd in Baltimore. It's full of Nigerian Churches of all denominations, big ones, small ones any kind you like. There's at least 3 industrial parks in Raleigh NC with all sorts of businesses and then of course....Nigerian churches. It's remarkable what Nigerians have been able to achieve. God bless Nigeria and Nigerians. 6 Likes 2 Shares |
Re: Businesses Owned By Nigerians In Diaspora by emmaodet: 12:46pm On Feb 13, 2023 |
ednut1: It is that people sleeping with other peoples’ wives that got me cracking most. Black men with sex ehhhhhhh 2 Likes |
Re: Businesses Owned By Nigerians In Diaspora by AngelicBeing: 6:02pm On Feb 13, 2023 |
IbeOkehie:It is called Exporting the gospel or Exporting the gospel of Jesus Christ to different part of the world, there is nothing wrong with it, Jesus Christ said that l must do my father's business, so the gospel of Jesus Christ also means the business of winning souls into the kingdom of God |
Re: Businesses Owned By Nigerians In Diaspora by IbeOkehie: 7:20pm On Feb 13, 2023 |
AngelicBeing: I didn't criticize, I marveled at the works of God's children. Indeed it's remarkable what Nigerian Christianity has achieved all over the world and the clear results of their works are manifested right there in Nigeria. No other country is more blessed than Nigeria and its people. 1 Like |
Re: Businesses Owned By Nigerians In Diaspora by AngelicBeing: 7:29pm On Feb 13, 2023 |
IbeOkehie:Yes, I understood what you wrote above, l am only agreeing with your contribution as well, kudos to you |
Re: Businesses Owned By Nigerians In Diaspora by Putinofrussia: 9:35pm On Feb 13, 2023 |
LordAdam16:lol Sometimes one just has to answer you people when you are slipping off the hill with your funny and false narratives. Yorubas have been doing real business long before our Igbo brethren know anything called business.Moreover,Igbos are mainly petty traders.This is the reason why Yorubas are reputed to be the largest business owners in Nigeria and the only people that have multibillion dollars businesses abroad. These are some Yoruba business people before Igbos become participants. It is not difficult to imagine that the richest man in Africa, Aliko Dangote, wakes up in Africa, has his breakfast in Asia, lunch in Europe, dinner in America and sleeps in Australia. You may also conjure the image of the richest woman on the continent, Folorunso Alakija, attending a conference in North America, meeting with female entrepreneurs in Africa, signing a multimillion-dollar deal in South America, going shopping in Asia, and attending a wedding party in Antartica. The duo may be the richest man and woman on the continent today, but Nigeria’s ability to create billionaires did not start today. Before Dangote and Alakija, the likes of Da Rocha, Ojukwu, etc. were known for their fame and fortune. Just for this thread, I am picking out only the Yoruba business people because they have the largest number. Candido Da Rocha (1860 – 1959) Candido Da Rocha was a Nigerian born in Brazil. Upon his return to Nigeria with his father, Esan Da Rocha, he made a fortune that has today become the subject of fact and fiction. Da Rocha was unlike Evander Wall – both were born in 1860 – who became a millionaire at 18 and a multimillionaire at 22, when he inherited a million dollars from his father and grandfather respectively. An extravagant showman, Wall bought 5,000 neckties and 300 pairs of gloves. He was the first man in America to wear a tuxedo. He was reported to have changed his outfit 40 times in a single morning. Considered a millionaire, Da Rocha too had dozens of clothes and he could afford to send his dirty clothes to the laundryman in the United Kingdom – which he did for many years. Shrewd and forthright, the first Nigerian millionaire was not given to unnecessary platitudes and politicking. “His friend Herbert Macaulay persuaded him to join politics. On a particular day when he was addressing would-be voters, he simply told them that he was seeking their votes to represent them. He made it clear that he would not use his wealth to get their votes. At the end of the day, he didn’t win,” his 90-year-old granddaughter, Mrs. Angelica Oyediran, told SUNDAY PUNCH. How wealthy was Da Rocha? “I can’t put a figure to it. However, I can tell you that Papa was so rich that he assisted many people in the society. He supported the government during the Second World War. He also supported the Catholic Church. When the Holy Cross Cathedral was built, he paid for the building of three chapels. The British respected him a lot. He was highly respected; a disciplined man who hated dishonesty and lying. I lived with him in this house for three years. I was very close to him. He loved me and I was fond of him,” the granddaughter explained. Describing Da Rocha’s generosity, she said, “People would come to him, crying, requesting financial assistance; from the balcony, asking how much they needed, he would throw down the money to them.” Da Rocha became a water merchant, selling water from the house (he inherited from his father, Esan Da Rocha) – famously called Casa d’Agua or water house. Da Rocha would later venture into real estate and the hospitality business. He opened The Restaurant Da Rocha, Bonanza Hotel, and Sierra Leone Deep Sea Fishing Industries Ltd. He also went into a partnership with two other businessmen, J. H. Doherty and Sedu Williams, to establish the Lagos Native Bank. Timothy Odutola (1902-1995) On March 25, 1943, the man who later became arguably the most respected politician and strategist in Nigeria, Chief Obafemi Awolowo, requested a loan of £1,400 from Timothy Odutola. The loan, according to Awolowo, would be fully paid in 12 years. He did not get the loan. But, the duo would later form a strong political alliance in the old Western Region. Stupendously rich, Odutola was the first president of the Manufacturers Association of Nigeria. He was reported to have established a multimillion-dollar business, including three factories, a retail franchise, a cattle ranch and a sawmill before 1960. Before his breakthrough, he worked as a clerk in various departments of the Lagos Colony and in the Ijebu Native Administration between 1921 and 1932. By 1932, he opened stores where he sold damasks and fish in various cities in the Western Region; and later, he began trading in cocoa and palm oil. An enterprising man, he also dealt in sawmilling and gold mining. By 1967, he had begun production of tyres and tubes which did so well that he added a $1,700,000 plant, with the plan to harvest his own rubber from his 5,000-acre plantation. “The time is coming when we will produce more than we can consume and we will have to look outside Nigeria for markets,” Odutola had once said. Prior to his death, however, he might have been less optimistic, as he watched Nigeria’s political and economic growth take a turn for the worse under the jackboot of maximum ruler, Gen. Sani Abacha. Sir Mobolaji Bank-Anthony (1907-1991) Businessman and philanthropist, he was a former council president of the Lagos Stock Exchange. He was also a minority investor in Aero Contractors and at a time held the distributional rights to cars manufactured by Rootes Group. Between 1923 and 1930, he worked as a junior clerk in the correspondence section of the Post and Telegraphs Department. By 1931, he went into business, travelling to Germany and England to study how to make palm oil. Following that, he established M. de Bank Brothers, to trade in palm oil and patent medicine. After sometime, he began importing watches, clocks and pens – at a point, becoming the third largest seller of fountain pens in Nigeria after UAC and the United Trading Company. He also owned a tanker fleet and a charter airline. He was one of the earliest Nigerians to become chairman of a European company in 1950 – he was the chairman of the Italian Construction firm, Borini Prono and Company. He was also a director of Mobil Oil and Friesland Foods back then. Shafi Edu (1911–2002) In 1965, TIME magazine named Shafi Edu one of Nigeria’s richest men. Along with Talabi Braithwaite, he co-founded the first indigenous insurance company in the country. He had shares in big companies like Bata, Alumaco, Wiggins Teape, BP (formerly British Petroleum), Lever Brothers and Nigerian Breweries. Edu was the first president of the Lagos Chamber of Commerce and the Lagos Rotary Club. At 54, he had built a fleet of eight oil tankers. He was also on the boards of Blackwood Hodge Nigeria, Haden Nigeria, Glaxo Nigeria and the Federal Industrial Loans from 1954 to 1959. He was elected into the old Western Region’s House of Assembly in 1951, and was later nominated to represent Epe at the Federal House of Representatives. Ade Tuyo Born in 1902, he was described as Nigeria’s most prominent baker in the mid-1960s. Featured in Time magazine’s list of millionaires in Nigeria in 1965, Tuyo at the time had four outlets and was making 115 products. According to the magazine, he was running a business that would have “first priority in people’s spending.” “The firm’s unusual name – De Facto Works Ltd. – was shrewdly chosen by Tuyo to impress Nigerian bankers with the fact that he was seriously in business,” it said. Trained as a teacher, Tuyo left the profession to work for 24 years in the Nigerian Railway Corporation, the British Bank of West Africa and the Ministry of Commerce. He retired in 1953. The bakery was started by his wife. After his retirement, he took over the catering business. By 1969, his bakery service was the largest in the country. Talabi Braithwaite (1928–2011) Regarded as one of Nigeria’s youngest businessmen of his time, Talabi Braithwaite left a British insurance company to found a firm that would write life insurance on Nigerians which the British underwriters avoided like the plague. So successful was he that his African Alliance Insurance Co. Ltd occupied a six-storey office and had 300 bush-beating agents. Braithwaite lived in an elegant house in Ikoyi. He was the first African to pass the examination to become an associate of the Chartered Insurance Institute, London in 1951. Braithwaite, in 1960, advised the government of the Western Region as a risk consultant when it formed the Great Nigeria Insurance Company. Between 1963 and 1966, he served as the first indigenous president of the Insurance Institute of Nigeria. He was also first president of the Nigerian Corporation of Insurance Brokers for 16 years, starting in 1963. In 1969, he became an underwriting member of Lloyd’s of London, and from 1970 he started underwriting on the Merrett Syndicate. https://punchng.com/old-money-10-super-rich-men-of-independence-era/ |
Re: Businesses Owned By Nigerians In Diaspora by Treadway: 10:07am On Feb 14, 2023 |
4 pages and not even up to 20 names..bear in mind more than half of the names mentioned na 'oldies' that made those moves decades ago. Now ask yourselves if after over 6 decades and generations, you can say Nigerians are doing well in business overseas. I emboldened the overseas cos it appear some folks with low comprehension that were quoting me with very weak slurs missed tha fact that op was talking about Nigerians in diaspora doing business overseas and not Nigerians in diaspora doing business back in Nigeria. The overwhelming majority of Nigerians do jobs overseas, not business, except maybe church business sha😎 Also to provide an update of sorts, Gatwick airport majority shares (over 50%) were sold to Vinci in 2021. GIP (Bayo Ogunlesi) still retains the remaining shares/ownership though. 2 Likes 1 Share |
Re: Businesses Owned By Nigerians In Diaspora by Treadway: 10:10am On Feb 14, 2023 |
LordAdam16:at the bolded, Op was talking about Nigerians in diaspora doing business there, and not back in Nigeria. To your other points, you are 💯 correct. I share similar views. Cheers. |
Re: Businesses Owned By Nigerians In Diaspora by gforce5: 3:44pm On Feb 14, 2023 |
Nigerians in the diaspora own a lot of businesses. The issue is that those businesses don't last beyond a generation the same way most businesses in Nigeria don't survive after the founder's death. Lack of long-term planning, division within the family and the inability of the next generation to take the business to the next level due to lack of grooming. Another problem is that Nigerians (blacks in general) don't have the sense of unity that the Chinese, Indians, Lebanese and other ethnic nationalities have. In the UK ,for example, where I resided for many years, Indians own most of the corner shops. There is a strong sense of unity and purpose that we Nigerians simply don't have. The Indians and Chinese employ their people before anybody else and invest in a lot of money in their community. That cannot be said of Nigerians and other blacks due to factors such as greed, distrust and a crabs in a bucket mentality of hating on someone who is more successful than you. That's also the reason why dating a fellow Nigerian in the west is also hard due to this mutual distrust and clash of egos. Even in Nigeria it's the same problem. Most business owners such as Dangote and Adenuga prefer to hire foreigners to run their businesses than their fellow Nigerians due to mistrust. We are very wicked to each other. |
Re: Businesses Owned By Nigerians In Diaspora by Kobicove(m): 12:33pm On Feb 15, 2023 |
IbeOkehie: Opening churches left, right and centre the way Nigerians do, does not qualify as economic advancement! |
Re: Businesses Owned By Nigerians In Diaspora by haryomikun(m): 8:25pm On Feb 15, 2023 |
LordAdam16: I like your responses on this thread, chief. Sensible and well-detailed |
Re: Businesses Owned By Nigerians In Diaspora by ayo84(m): 4:44pm On Feb 17, 2023 |
frankadrian: Business consultancy |
Re: Businesses Owned By Nigerians In Diaspora by iramure(m): 3:26pm On Feb 19, 2023 |
plaetton:as long as we hold in to religion, my brother, we are heading for doom. 2 Likes |
Re: Businesses Owned By Nigerians In Diaspora by Tohsynetita1: 9:46pm On Nov 11, 2023 |
ayo84:can I meet you please? |
Re: Businesses Owned By Nigerians In Diaspora by bensky: 1:03pm On Nov 12, 2023 |
who have been in slovenia 17 years have a food truck ayo84: |
Re: Businesses Owned By Nigerians In Diaspora by Swiftgrp: 10:29am On Nov 13, 2023 |
ednut1:Indeed. |
Re: Businesses Owned By Nigerians In Diaspora by PeachtreeReside(f): 12:42pm On Nov 13, 2023 |
Putinofrussia: I was excited reading about The Zuvaa lady and went online to check her out only to find this. Zuvaa CEO Letter to Community https://medium.com/@kelechiea/zuvaa-ceo-letter-to-community-2dc8120f9d4a It's so , so saddening reading this. I hope she picks up soonest. 1 Like 1 Share |
Re: Businesses Owned By Nigerians In Diaspora by XAUBulls: 8:35pm On Dec 16, 2023 |
ednut1:True. 1 Like 1 Share |
Re: Businesses Owned By Nigerians In Diaspora by onlinestaff247: 5:14pm On Aug 20 |
Parishpascal: Binna |
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