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
FEATURES59 minutes ago

Truck Breakdown Triggers Severe Gridlock on Uvwie–Udu Bridge, Commuters Stranded

FEATURES2 hours ago

Shettima Warns South Africa: Nigeria Won’t Tolerate Humiliation of Its Citizens

FEATURED9 hours ago

Awka Under Tension as Popular Disc Jockey Is Killed in Gun Attack

FEATURED20 hours ago

How King Oyo of Tooro Died of Aggressive Cancer in US at 34

FEATURES22 hours ago

Nigeria Is Burning — Atiku Questions Tinubu’s Three-Week Absence

FEATURED1 day ago

‘Teen Boys Died by Suicide’ – EFCC Extradites 2 Nigerians to US Over Instagram Sextortion

FEATURES1 day ago

2027: Southeast Tinubu Group Meet to Beg Peter Obi to Drop Presidential Bid

FEATURED1 day ago

Asaba Agog as Govs, Captain of industries, Royal Fathers, Others Attend Oborevwori’s Son Wedding

possession of firearms
FEATURED1 day ago

Police Nab Phone Snatcher, Five Suspected Thugs in Bauchi Raid

FEATURED2 days ago

‘Stop Billing Darkness’: Murray-Bruce Slams DisCos, Urges Tinubu to Scrap Failed Power Privatisation

FEATURED2 days ago

‘If 1st Niger Bridge Collapses, 2nd Bridge Will Be Useless’ — Umahi Races to Fix Benin-Asaba Road in 14 Days

FEATURED2 days ago

Tunji-Ojo to Atiku: Nigeria’s Borders Are Not Closed, Reopening Claim Misleading

FEATURED2 days ago

How Police Rescued 2 Colombian Women Trafficked to Nigeria

FEATURED2 days ago

Asaba-Onitsha Road: Umahi Orders Arrest of Hartland MD as Vandals Steal Irons, Bolts from First Niger Bridge

FEATURED3 days ago

NDDC Begins Reconstruction of Bad Benin-Sapele Highway As Gov. Oborevwori Hails Moves

Advertisement
Advertisement

z

   


Article Banner