SouthSouth1914:


Same rhetoric we heard during Mr Invictus’s rise to glory

Iamgrey5:
He is not from invictus generation bruv

He started hustling in the 1940s when Nigerians still thought corruption and money laundering is a crime

WebLab:
Kudos to the man for his hard work. This 'invictus' generation needs to learn.

hisexcellency34:
With all these products, How come Dangote is richer than him?

immortalityk:
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/

Kalashnikov102:
nothing good comes easy..jus keep pushing and believing

samwise180:
Doyin cube the husband snatcher, that advert on radio back then .

IamCharles123:

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

hisexcellency34:
With all these products, How come Dangote is richer than him?

VillagePipu:


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.

Chill2:
Majority of these CEO in Nigeria made their money by getting inflated government contracts, defrauding people, cheating the Nigeria system, laundering money for politicians and finally going diabolic to become invisible so they can enjoy their loot. How many Nigerian private business survive after the exit of the owner. Nigeria is a scam!

IamCharles123:

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

post=81459811:

You should bury your head between your legs.
He is even replying.

Dis one sef dey find girls number.
No enter street go hustle.
Orisirisi something...

Starz825:
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...

SouthSouth1914:
I hope this is not another INVICTUS story in disguise?

CeterisXVIII:

Nigerian-owned businesses don't succeed after the death of the founder, because such founders do not put in place a valid and structured succession plan in place, while they are still alive.

Another thing is that many of them are polygamists, with multiple wives and many children.

After they die, these wives, children and relatives start fighting for a piece of the property that the founder left behind. Before you know it, the business dies as everyone grabs a piece of its' assets, for themselves.

Others go to court and get a lien placed on the property, or raise a caveat against the man's will. The case lingers in court for many years, while the business eventually dies through lack of proper supervision.

The reasons are too many. The last one that always upsets me, is that these founders send their kids abroad to study and those kids eventually build their own lives abroad, instead of acquiring skills to come back and run their father's business. Some kids even end up being strangers to their fatherland. And parents of such kids indulge them, in their foreign pursuits.

By the time such parents who founded the companies die, the kids come back and are out of touch with all their father's built or laboured for, because they were not part of its' growth, in the first place. Those kids have no intention of staying back, and have absolutely no interest in the business.

Tell me, how will such businesses then survive?

muyiwaadekunle1:
You see what i talked about. Dehinde Fernandez was known to be Oluwo of an Ogboni fraternity and when he died his wife married a younger lover .
Don't trust the wealth of these so called Old money.
They might have been at the forefront but you don't know what lies beneath their wealth.

muyiwaadekunle1:


You see what i talked about. Dehinde Fernandez was known to be Oluwo of an Ogboni fraternity and when he died his wife married a younger lover .
Don't trust the wealth of these so called Old money.
They might have been at the forefront but you don't know what lies beneath their wealth.

Stephendeals:
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


We already have the industrialist nah the capital to start no dey.
Off course they won't tell you how easy it was for him to secure a loan at the time.
Today Nigeria nah God for us all, All man for himself sadly God doesn't give start up loans


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Starz825:
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...

VillagePipu:


That's why we say where we were 50 years ago, you mumu people can't get there in 100 years. We don progress comot that level, your still stuck in petty trading inside 2by2 chicken-cage shops.

There's a difference between trading and commerce. While we have moved from trading to commerce, you guys are still stuck at the trading level.

IamCharles123:

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

Bakbillz44:

Bro, I bin think say na only me see that missing part of the story o. A crucial part for that matter. I'm not surprised anyway, Nigerian rich men success story no dey complete. There's always some missing parts just like dis one... It's a K constant

phoenix90:
He gave the mother £48 and leaving him with nothing. All of a sudden started importing umbrellas and ball point pens. Ejoor pls fill in the missing history

femi4:
you must be living in stone age or belong to indomie generation.

Dent o clean, Doyin cube are household names

Chill2:
The point am trying to make is that most Nigerian business don't have foundation or critical manpower development to bring about sustainable growth. The growth you see most times is dependent on the influence of the owner which is tied to those peculiar factors I mentioned in my post. I know someone that took over his Dad's business but coundn't understand the tricks his Dad plays to get product. If Nigerian business are ran genuinely without corrupt practices you will see business that survive a 100 years. Look out for "CNN 100 club"