Adeola Odutola

Infobox Person
name = Timothy Adeola ODutola


image_size =
caption =
birth_date = June 16, 1902
birth_place = Ijebu-Ode
death_date = 1995
death_place =
education = Secondary School
occupation = Businessman
spouse =
parents = Prince Sanni Odutola Seyindemi
children =

Timothy Adeola Odutola (1902), OBE, CFR, CON, was a prominent Nigerian businessman from Ijebu-Ode, Ogun State. He was one of the pioneers of modern Nigerian indigenous entrepreneurship and the first president of the Manufacturers Association of Nigeria. He attended Ijebu Ode Grammar School, under the principal, Rev Oladotun Ransome Kuti.

Biography

Early life

Adeola Odutola was born in Ijebu-Ode, a community, which earlier had a fructifying gateway to the port of Lagos. However, the coming of colonialists had clipped the sovereignty of the Ijebu's and their right over the Lagos transit. It was during the latter period that he was born to the family of an Ijebu produce trader. He attended St Saviour's School, Italupe but he left at the age of fifteen after the death of his father. He was transferred to Ile-Ife by his family to ease his mother's burden but he later returned to Ijebu Ode to re-unite with his family and try to complete his secondary education. He then registered and attended the Ijebu Ode Grammar school for four years. After cutting short his secondary education, he left for Lagos to fend for himself. He became a clerk in various departments of the Lagos Colony and later, in the Ijebu Native Administration. He occupied his spare time by engaging in private trading from 1921-1932.

Business career

In 1932, he resigned his position as a court clerk and entered private enterprise. He soon opened damask stores and fish stalls at various cities in western Nigeria, such as Ife, Ibadan, Ilesha and Lagos. After, his subtle beginnings as a fishing net and damask trader, he entered the Cocoa and Palm trading business and started buying lorries to transport the produce to Lagos for export. He built two large commodity storage stores during this period, one was located at Ijebu Ode, he was also involved in the business and political community as a member of the Produce Buyers Union and the Nigerian Youth Movement. However, the establishment of marketing boards, and the subsequent power of the boards to regulate Cocoa and Palm oil trading proved to be an inhibiting factor to private entrepreneurship in the commodity produce business. Odutola, gradually, transferred his resources and energy to saw milling and gold mining at Ilesha. He also became a major agent for John Holt Nigeria. During the 1950s, he opened three tyre factories in Nigeria.

Throughout his career, he established various factories in the country, spanning, the transport and food industry, he also built a secondary school at Ijebu-Ode. He was a member and later president of the Nigerian Stock Exchange and the Manufacturers Association of Nigeria in the early 70s.

References

*Tom Forrest, The Advance of African Capital: The Growth of Nigerian Private Enterprise, University of Virginia Press (August 1994). ISBN 0813915627
*Reuben Abati, The biography of T. ADEOLA ODUTOLA, Africa Leadership Forum 1995