Taiwo Olowo: Influential businessman who was very popular during the colonial era in Lagos

Taiwo Olowo: Influential businessman who was very popular during the colonial era in Lagos

- Taiwo Olowo, the owner of the Broad Street, was an arms dealer, slave trader, and one of the rich businessmen in Lagos

- A close associate of Oba Kosoko, he was able to use the connection with the king to grow his business

- Taiwo was a big business chief for the king and also one of the grand commanders in the colonial state

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Taiwo Olowo is considered by many as the owner of what is today known as Broad Street on Lagos Island.

One of the richest men in Eko (Lagos state), Wikipedia has it that he was born in 1781 in Isheri and his father, Oluwole, was a chief.

Olowo was a big slave trader, arms dealer, and a big political figure in the colonial era. In 1840, he was a protégé of Oba Kosoko who reigned in Lagos from 1845 to 1851.

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Taiwo used the advantage of the closeness with the king to further the expansion of his businesses as he partnered with European businessmen.

According to Wikipedia, it is, however, unclear if he left Lagos after Kosoko went into exile following the installation of Oba Akitoye by the colonial masters.

Taiwo’s wealth came when he was introduced to Governor Glover who encouraged the Nigerian to go into trading with Messrs GL Gaisers.

It should be noted that he was an indentured slave who became free and started trading in the business that was held him captive.

With his new empowerment, he became the Baba Isale of Isheri, speaking for the Isheri people. He also monopolised all the trade access roads to the town.

Taiwo Olowo was very popular during the colonial era in Lagos
Taiwo Olowo was a big political figure and a businessman. Photo source: Wikipedia, NPP
Source: Twitter

Following the death of Oshodi Tapa, Kosoko’s business chief, the man replaced him and in his capacity became the head of the king’s economic faction.

Taiwo was said to have died on February 20, 1901, at the age of 120. It should be noted there is no official documentation that shows he was really born in 1781.

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Meanwhile, Legit.ng earlier reported that Michael Ibru was one of the greatest men in the country who made it big by doing something novel.

In 1957, he started producing and marketing frozen fish. When he started, it was an entirely new market as there was no taste for the product.

That, however, did not deter him from breaking limits in the business. It should be noted that an earlier effort by the Europeans to push the business in the country failed woefully.

He did not allow the people's saying that he was offering “mortuary fish” to stop him despite the fact that he was in his early 20s.

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Source: Legit.ng

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