Business

Business Owners Cry Out Over Eviction, Planned Demolition Of Ondo Trade Fair Complex

Published

4 years ago

April 6, 2022

The Association of Business Owners at the Ondo State Trade Fair Complex has moved against the planned demolition of the complex by the state government.

According to the business owners within the complex, which is situated in Alagbaka, Akure, the state capital, the state government would be acting illegally on the planned action as their lease agreement has not expired.

Speaking through the Chairman of the Association, Prince Adelokiki Orimisan, and Secretary Mr Akinwande Segun, a notice to quit the complex was served on his members on March 24, 2022, which indicated that all legal occupants should vacate the premises.

The quit notice was said to have been served in order to pave the way for the demolition of the complex by April 7th which will be carried out by the state government.

“To start with, we are all legal occupants of the said property who entered into a proper and documented lease agreement with the Ondo State Government.

“And that we are still having our lease agreement running for years.

“While some of our members just renewed their tenancy agreement with the government, some still have like a year or two running before the expiration of their tenancy which is subject to renewal as the case may be.

“It’s pertinent to state without equivocation that the Ondo State Government as led by Governor Rotimi Akeredolu has not followed the due process of law in this case. To what intent, we don’t know!

“While we have briefed our lawyers to initiate legal proceedings against the government on the proposed illegal demolition, we are duty-bound as citizens of this state to let the people know what the potential evils the demolition of the Trade Fair Complex portends.

“The Trade Fair Complex was established by the government of the first civilian Governor of Ondo State, Chief Michael Adekunle Ajasin.

“Essentially, the complex was to allow business owners, innovators, inventors and budding entrepreneurs to have a common platform where they can showcase their business activities and ventures to attract buyers or even joint partners or venture capitalists who can invest in their businesses for expansion.

“Over the years, the place had been abandoned by successive administrations in the state due to their own acutely myopic economic management capacity.

“We ask that, in the alternative, the government should give us a one year notice to quit as required by one of the provisions of our tenancy agreement.

“We ask that if the government can no longer wait for the exhaustion of all the terms and agreements in our lease document, the government should relocate all legit business owners within the Complex to another place to be provided by the government with all expenses of the relocation borne by the government.”

Business

Why We Sited Our Multi-Billion Naira Automobile Firm Branch in Benin – Skyewise Group CEO

Published

15 hours ago

May 4, 2026

Editor

Dr. Elvis Abuyere, Chief Executive Officer and Managing Director of Skyewise Group, an automobile firm, has explained the reason for establishing a branch of the company in Benin City, the Edo State capital, describing the ancient city as “a growing economy full of enormous potential for vibrant youth.”

He added that the company considers Edo State one of the most interesting states, noting that the decision aligns with its long-term vision.

Abuyere, who spoke in Benin on Monday while taking journalists on a tour of the new automobile facility, said:
“We started very small — from Abuja to Lagos and now Benin. It is a joy and privilege for us to have completed this amazing regional office with Skyewise Group.”

According to him, beyond the automobile business, Skyewise Group is in Benin to invest in real estate, logistics, youth empowerment, and credit management. “Aand also to lend our support to what the Edo State Government is doing, knowing the fact that there is an agenda,” he added.

The young CEO urged youths in Nigeria, particularly those in Edo State, to embrace entrepreneurship, stressing that “we believe it is the future of Africa,” especially Nigeria.

He said Nigeria stands as the giant of Africa and that its youth must take bold steps in the entrepreneurship landscape.

According to Abuyere, to ensure Edo youths actualise their entrepreneurial potential, the company has prepared soft loans to help them start businesses, adding that Skyewise Group is not limited to automobile operations.

He said: “More importantly to us is youth empowerment. We want our youth to be empowered, and this is where the Skyewise Foundation comes in.

“We believe the future of Africa is entrepreneurship, and that future lies in the hands of the young people of Nigeria. We want to empower them to stand the test of time, build something meaningful, and reduce unemployment and insecurity in our land.

“I believe we need to begin taking bold steps by refining the mindset of our young people. We need to give them a sense of belonging and direction.

“We have been addressing the liquidity gap in society by providing microloans to support businesses in our environment and in Benin City.”

When asked why he chose Benin City for the multi-billion naira automobile firm, Abuyere noted: “I think this is the first automobile showroom in Edo State where you can see a car lifted from the ground floor to the first floor and beyond.”

Business

JUST IN: Nigerian Filling Stations Reduce Fuel Price After Hike

Published

3 days ago

May 2, 2026

Editor

Nigerian filling stations reduced their Premium Motor Spirit price on Saturday, barely 24 hours after the hike.

Checks by DAILY POST showed that Ranoil, Empire Energy, and other filling stations in Abuja adjusted their petrol pumps to N1,365 and N1,375 per litre respectively, down from N1,440 per litre on Friday.

This means that petroleum marketers dropped their fuel price by N65 and N75 per litre. DAILY POST reports that the move was to attract patronage from customers.

Recall that three days ago, Nigerian filling stations had raised their petrol pump price to between N1,365 and N1,440 nationwide after Dangote Refinery and depot owners increased ex-depot prices to around N1,275 and N1,290 per litre.

According to DAILY POST, while the Nigerian National Petroleum Company Limited and MRS Bovas filling stations raised their petrol price to around N1,365 per litre, others adjusted theirs above N1,440 per litre.

However, with the latest fuel price reduction by Ranoil and Empire Energy, the majority of filling station outlets now dispense petrol between N1,365 and N1,375 per litre.

This development comes as the ripple effect of crude oil prices continues to impact Nigeria’s domestic fuel price.

Brent and West Texas Intermediate crude rose to $114 and $105 per barrel before dropping to $108 and $101 after the filing of this report.

Business

Dangote Refinery Hikes Petrol Price

Published

6 days ago

April 29, 2026

Editor

Dangote Refinery has increased the ex-depot price of petrol by N75.

The refinery announced the increase on Wednesday, hiking the the price from N1,200 to N1,275 per litre.
In the same way, coastal prices have gone up to N1,215 per litre.

This adjustment amid Brent crude trading at $114.80 per barrel marks a 3.15% increase.

DAILY POST reports that Brent crude has increased to $115 per barrel, while West Texas Intermediate rose to $103 per barrel on Wednesday.