Nigerian billionaire Michael Ade-Ojo sold his first Toyota in 1965 to build an empire that includes car factories and universities
Billionaires Africa | 18.06.2026 18:26
Five months after Michael Ade-Ojo graduated from the University of Nigeria, Nsukka, with a business administration degree, he sold his first car. It was 1965. He had no dealership, no capital base, and no Toyota franchise yet to speak of. What he had was a conviction, formed somewhere in the years before, that he would build his own enterprise within a decade of leaving university, no matter how secure the alternative looked.
