Connect with us

BUSINESS

Obi Cubana Explains Decision To Open Tricycle Plant In Lagos Instead Of Southeast

Published

on

Nigerian entrepreneur, Obi Cubana, has made a bold business move by opening a keke assembly plant in Ikorodu, Lagos, despite expectations that he would establish it in the Eastern part of the country, given his Igbo heritage.

In a statement, Cubana explained that business decisions should be driven by strategy and what works, rather than emotions or ethnicity.

He emphasized that setting up the plant in Lagos will allow it to thrive and create jobs, and that expansion to other locations, including the East, may follow in the future.

His words; “Since the news of the tricycle assembling plant broke, many have asked, “Why not in the Eastern part of the country?” Let me tell you, young people – business decisions aren’t driven by emotions, but by strategy and what works.

“If setting up the plant in Ikorodu, Lagos will make it thrive and create jobs, then why not? Maybe with time, the business can expand to other locations, based on proven success and consolidation.

“Don’t let ethnicity or the fear of what people will say dictate your business decisions. Make informed, strategic choices with the big picture in mind. Remember, when your business fails, opinions won’t save it”.

Cubana’s move has sparked mixed reactions on social media with many commending his pragmatic approach to business, and his willingness to prioritize success over ethnic considerations.

Advertisement
Article Banner

Below are some pictures from the production site:

Continue Reading
Advertisement
Click to comment
COMMUNITY REPORT2 hours ago

Isoko North Boss Congratulates HRM Agbi on his Emergence as Ovie of Oyede Kingdom

FEATURES7 hours ago

You Goofed on China Comparison, Atiku Slams Presidency, Says Defence of Tinubu ‘Monumental Own Goal’

Defense and Security9 hours ago

Gumi Queries FG Silent on Boko Haram, Bandit Dialogue, Suggests Niger Delta Militants’ Amnesty as a Solution

FEATURES12 hours ago

Lassa Fever Death Toll Climbs to 229 as NCDC Records Fresh Spike in Infections

FEATURES16 hours ago

Budget Office: PFIPC Originated Under Buhari, No Funds Released Despite 2026 Budget Allocation

NIGER DELTA20 hours ago

Oborevwori Congratulates New NBA President, Two Deltans on Election into National Executive

COMMUNITY REPORT1 day ago

Isoko South Chairman Congratulates Newly Installed Ovie of Oyede Kingdom on Staff of Office Presentation

COMMUNITY REPORT1 day ago

Jubilation as Isoko North Chairman Renovates Otor-Igho Community Market

FEATURES1 day ago

Oborevwori Rewards Delta Student With N20m for Winning World Spelling Bee in China

FEATURES1 day ago

BREAKING: IGP Disu Orders ‘Shoot-on-Sight’ for Illegal Firearms Bearers Amid Benue Insecurity

FEATURES1 day ago

Budget Office: No Funds Released for Controversial N1.3bn Presidential Council

FEATURES2 days ago

INEC Chairman Demands Financial Autonomy, Says Budget Dependence Undermines 2027 Elections

FEATURED2 days ago

One Killed, Hours of Gridlock as Double Crash Shuts Kara Bridge on Lagos-Ibadan Expressway

Defense and Security2 days ago

Troops Neutralise 4 Suspected Kidnappers, Rescue 3 Victims in Kogi and Kwara Raid

FEATURED2 days ago

LPPC Approves 68 Lawyers, 1 Academic for 2026 SAN Conferment

Advertisement
Advertisement

z

   


Article Banner