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Success Story Of Billionaire Industrialist: Samuel Adedoyin by immortalityk: 9:05am On Aug 21, 2019
The Early Life Of Samuel Adedoyin
Samuel Adedoyin was born in Lagos in the year 1935, to Mr. and Mrs. Solomon Adedoyin Olaosebikan and Rachel Oni, who were both farmers, while his mother was also an aso-oke weaver. After his birth, Samuel Adedoyin was taken back to Agbamu in Kwara state, where he had is primary school education at Saint Paul Primary School, Agbamu.
After ending his primary school education at primary four because his father couldn’t afford to further pay for his education, he went on to learn palm wine tapping, before he moved back to Lagos to live with his father at Ebute Metta—where he mostly slept in his father’s store in Enu Owa.

His Trials
Samuel Adedoyin, a determined and motivated individual, wanted to become well-read, and in the process, tried to travel to England in a stowaway ship, but was arrested at Takoradi in Ghana, where he was going to be sent back to Lagos.
In a bid to avoid this and go back to square one, Samuel Adedoyin begged an immigration officer to let him stay and work with him, so he could raise some money. The officer agreed and made him his houseboy.
After having worked for the immigration officer for a while, he begged him to let him go, as he could no longer cope. After his boss eventually agreed, he left him with about £2, which Samuel Adedoyin used to start a roadside petty trade in Accra, Ghana, where he sold padlocks and door hinges, despite having nowhere to sleep.
While running his business, he met a vendor who sold the Ashanti Pioneer newspaper. The vendor introduced him to the publisher’s daughter, who went on to give him a place to sleep and also made him a distributor for the newspaper.
After running the newspaper business for about 3 to 4 months with little to no success, Samuel Adedoyin went back to selling padlocks, since it was a far more profitable business for him.
At this point, it was 1949 and he had spent about 13 months in Ghana, during which he saved up about £48.
Now when he returned to Nigeria, he found out his mother had spent about £50 of borrowed money in a bid to look for him. Remorseful and sad, Samuel Adedoyin gave her all he had saved up, so she could repay her debts, leaving him with nothing to return to Ghana with.


The Start Of The Doyin Group
In Lagos, Samuel Adedoyin started a business at number 49, Dosunmu Street, where he sold umbrellas, imported holiday bags, and ball-point pens from Italy. He was able to make £9,600 from a surge of buyers, which shocked every trader around him. From the revenue generated, he bought the space at 49, Dosunmu Street for £9,000.
As he spread his product offerings, he bought another property about 3 years later, and further acquired 9 houses in the Idumota area of Lagos, before eventually building a house for himself at the Rummens Road area of Ikoyi.
After running his trade for a couple of years and building on his successes, Samuel Adedoyin officially launched the Doyin Group in 1968, which was a business into the manufacturing of leather bags and shoes.


His Business Today
Today, the Doyin Group has over 14 subsidiaries, a workforce of over 5,000 people, and has grown to encompass a wide range of investments across different industries like real estate, hospitality, manufacturing, food and beverages, soaps and detergents, pharmaceuticals, agriculture, and a whole lot more.


http://startuptipsdaily.com/success-story-samuel-adedoyin/

31 Likes 2 Shares

Re: Success Story Of Billionaire Industrialist: Samuel Adedoyin by immortalityk: 9:07am On Aug 21, 2019
Lalasticlala seun mynd44 Dominique
More

1 Share

Re: Success Story Of Billionaire Industrialist: Samuel Adedoyin by immortalityk: 9:08am On Aug 21, 2019
More

2 Likes

Re: Success Story Of Billionaire Industrialist: Samuel Adedoyin by Kalashnikov102(m): 9:19am On Aug 21, 2019
nothing good comes easy..jus keep pushing and believing

36 Likes 1 Share

Re: Success Story Of Billionaire Industrialist: Samuel Adedoyin by Hakeem12(m): 10:27am On Aug 21, 2019
Inspiring. Hardwork, persistence and consistency pays in the end.

22 Likes

Re: Success Story Of Billionaire Industrialist: Samuel Adedoyin by Stephendeals: 10:27am On Aug 21, 2019
Nigeria need more industrialist. We need to identify products that can be manufactured locally and ensure we stop as a major consuming economy.
Imagine how embarrassing when Minister of Science and tech confessed that we dont even produce pencils or toothpick as at 2 years ago




I sell new computer products |printers|Laptops|Desktops|Photocopiers
Check Signature/Profile for more information
Thanks

15 Likes 1 Share

Re: Success Story Of Billionaire Industrialist: Samuel Adedoyin by BusinessHub1: 10:27am On Aug 21, 2019
Money...when yahoo didn’t show face

12 Likes 1 Share

Re: Success Story Of Billionaire Industrialist: Samuel Adedoyin by klanny: 10:27am On Aug 21, 2019
Chai
Re: Success Story Of Billionaire Industrialist: Samuel Adedoyin by courage89(m): 10:28am On Aug 21, 2019
Very interesting piece. We need more success stories like this now more than ever, to change the perception of our younger generation pushing to be instant millionaires/ billionaires. Wealth takes character and years to build; lot of hard work, dedication, perseverance and luck.

Thank you Mr. Adedoyin for a life well spent and still going; rich of excellence, knowledge and wisdom.

21 Likes 1 Share

Re: Success Story Of Billionaire Industrialist: Samuel Adedoyin by ERORR404(m): 10:28am On Aug 21, 2019
I remember doyin seasoning cubes use to be my mum's favorite when she's cooking. If i do mistake buy any other cube i must return am grin This was around 2003-2005 continue to rest in peace mummy cry I'll forever miss you

82 Likes 2 Shares

Re: Success Story Of Billionaire Industrialist: Samuel Adedoyin by SouthSouth1914: 10:29am On Aug 21, 2019
I hope this is not another INVICTUS story in disguise?

5 Likes 1 Share

Re: Success Story Of Billionaire Industrialist: Samuel Adedoyin by carterguccy(m): 10:29am On Aug 21, 2019
H
Re: Success Story Of Billionaire Industrialist: Samuel Adedoyin by MANNABBQGRILLS: 10:29am On Aug 21, 2019
This is highly inspiring.....

7 Likes 1 Share

Re: Success Story Of Billionaire Industrialist: Samuel Adedoyin by BlackfireX: 10:29am On Aug 21, 2019
Who have the number of that girl putting noodles in her succulent mouth....

4 Likes

Re: Success Story Of Billionaire Industrialist: Samuel Adedoyin by MANNABBQGRILLS: 10:29am On Aug 21, 2019
Hakeem12:
Inspiring. Hardwork, persistence and consistency pays in the end.
YOU'VE SAID IT ALL Mr Hakeem!

5 Likes 1 Share

Re: Success Story Of Billionaire Industrialist: Samuel Adedoyin by MyGeneration(m): 10:29am On Aug 21, 2019
"After his boss eventually agreed, he left him with about £2, which Samuel Adedoyin used to start a roadside petty trade in Accra, Ghana, where he sold padlocks and door hinges, despite having nowhere to sleep.
While running his business, he met a vendor who sold the Ashanti Pioneer newspaper. The vendor introduced him to the publisher’s daughter, who went on to give him a place to sleep and also made him a distributor for the newspaper."

Tomorrow some mumu people who dont know what you are going through would say some people are gala sellers and own 2by2 shops. Nobody knows tomorrow.

kudos to him

20 Likes 1 Share

Re: Success Story Of Billionaire Industrialist: Samuel Adedoyin by Millerules(m): 10:30am On Aug 21, 2019
I Thank God for bringing me safely to this thread. Thank you OP, I neva expererit.

1 Like

Re: Success Story Of Billionaire Industrialist: Samuel Adedoyin by Starz825(m): 10:30am On Aug 21, 2019
The story was touching and interesting until the writer jumped from the point where he had no money on him after giving up all he had to his mother to pay outstanding debt to aw he began to make more money through importation...

38 Likes 4 Shares

Re: Success Story Of Billionaire Industrialist: Samuel Adedoyin by MANNABBQGRILLS: 10:30am On Aug 21, 2019
BlackfireX:
Who have the number of that girl putting noodles in her succulent mouth....
Out of every positive things to be learnt in this inspiring story.
The first and only thing your mind went to is how to obtain the phone number of a girl with succulent mouth?!


If this is the same mentality this Billionaire Adedoyin we are reading his story use to think when he was a youth like you, we won't be reading about him today, you know?!
He worked hard, hustle to be who he is today, not thinking about girls!

But what kind of youth do we have in our nation in recent years, nothing they think about apart from girls, eat, smoke, dance soapy etc.
With youths like you, the future is somehow o!

God save Nigeria! shocked

12 Likes 1 Share

Re: Success Story Of Billionaire Industrialist: Samuel Adedoyin by WebLab: 10:31am On Aug 21, 2019
Kudos to the man for his hard work. This 'invictus' generation needs to learn.

4 Likes

Re: Success Story Of Billionaire Industrialist: Samuel Adedoyin by IamCharles123: 10:31am On Aug 21, 2019
StrikeBack:
Paid advertisement.

Max seun will get is 27,500 naira
Am telling you.
I have never heard of this product b4. This is just advert.
Re: Success Story Of Billionaire Industrialist: Samuel Adedoyin by VillagePipu: 10:31am On Aug 21, 2019
SouthSouth1914:
I hope this is not another INVICTUS story in disguise?

He's not one of Invictus' people.

12 Likes 2 Shares

Re: Success Story Of Billionaire Industrialist: Samuel Adedoyin by chinavs9ja(m): 10:31am On Aug 21, 2019
Hmmmm
Re: Success Story Of Billionaire Industrialist: Samuel Adedoyin by OmoManU: 10:32am On Aug 21, 2019
cool
Re: Success Story Of Billionaire Industrialist: Samuel Adedoyin by northvietnam(m): 10:32am On Aug 21, 2019
immortalityk:
he had spent abou he returned to Nigeria, he found out his mother had spent about £50 of borrowed money in a bid to look for him. Remorseful and sad, Samuel Adedoyin gave her all he had saved up, so she could repay her debts, leaving him with nothing to return to Ghana.




How did he make the money that he used in starting this business below, that’s what I really want to know and that’s what most Nigerian youth are lacking , that first capital ... tell us how he made money to start selling Italian sturves

immortalityk:



The Start Of The Doyin Group
In Lagos, Samuel Adedoyin started a business at number 49, Dosunmu Street, where he sold umbrellas, imported holiday bags, and ball-point pens from Italy.


10 Likes 3 Shares

Re: Success Story Of Billionaire Industrialist: Samuel Adedoyin by VillagePipu: 10:32am On Aug 21, 2019
IamCharles123:

Am telling you.
I have never heard of this product b4. This is just advert.

I guess you've also not heard about Olu Okeowo, Razak Okoya Thomas, etc. If I come mention Harry Akande and Deinde Fernandez, you fit run mad be that.

May God uplift you from backwardness.

21 Likes 1 Share

Re: Success Story Of Billionaire Industrialist: Samuel Adedoyin by hisexcellency34: 10:32am On Aug 21, 2019
With all these products, How come Dangote is richer than him?
Re: Success Story Of Billionaire Industrialist: Samuel Adedoyin by Lexusgs430: 10:32am On Aug 21, 2019
Too late for FBI to track him.......

3 Likes

Re: Success Story Of Billionaire Industrialist: Samuel Adedoyin by martineverest(m): 10:33am On Aug 21, 2019
why is he telling us?....I smell guilty conscience
Re: Success Story Of Billionaire Industrialist: Samuel Adedoyin by Nobody: 10:33am On Aug 21, 2019
Doyin cube, best in the world back in those years before star came through.

10 Likes

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