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 REPORT1 hour ago

Delta Police Nab ‘Yahoo Boy’ Over Edjeba Girlfriend’s Murder, Clear Air on Beheading Rumours

FEATURED2 hours ago

‎Oborevwori Hails Gbajabiamila at 64, Lauds His Service to Nigeria 

FEATURED2 hours ago

‎Oborevwori Celebrates Julius Rone at 52, Hails Him as Delta’s Energy Trailblazer ‎

FEATURED5 hours ago

Police Arrest Four Suspects Linked to Kidnapping, Robbery in Delta

FEATURED6 hours ago

‎UPDATED: 10 Alive, 1 Dead as Lagos Shopping Complex Collapses

FEATURED11 hours ago

Family Confirms, Former Delta Governor Uduaghan Is Alive, Refutes Death Rumors

COMMUNITY REPORT13 hours ago

Delta Council Boss Warri Urges Stakeholders to Protect Government Facilities Against Vandals

BUSINESS14 hours ago

‎Police Debunk Viral Katsina Video, Say Armed Men Are Registered Vigilantes ‎

#CORONAVIRUS15 hours ago

‎Nigeria Better Prepared for Future Pandemics as COVID-19 Investments Strengthen Health System — NACA

FEATURED22 hours ago

‘Army, Police, DSS’ Deny Allegations of Police Escorting Bandits in Viral Video from Katsina

FEATURED23 hours ago

Why LPPC Stripped Mike Ozekhome of SAN Rank Amid Disciplinary Probe

FEATURED1 day ago

Tinubu Seeks Senate Confirmation for Fresh Ambassadorial Appointment

NIPOST
Defense and Security1 day ago

‎Senate Approves State Police Bill, Handcuff Governors Power ‎

FEATURED1 day ago

What to Know About the U.S. Mission’s 2026 Opportunity Fund for Nigerian Students

#SPORTS1 day ago

‎NPFL Champions to Earn ₦1bn as NSC, NFF Approve Record Prize Money, ₦2m Minimum Wage for Players

Advertisement
Advertisement

z

   


Article Banner