The Founder and Managing Director of the Intercontinental Paints, Mr. Omoregie Aigbe, over the weekend, narrated the slow but steady rise of his paintng manufacturing firm from subsistence size to continental brand.
According to him, his company which is today worth over one $1million, started on the capital of N18,000 in 2006, when he produced two buckets of 20 litres paint and four buckets of four litres of paint that took him six months to sell.
“I could not sell anything for six months. But a call came from Benin that Bob Izua (Mr. John Adun) wanted to buy paint and at the end of the bargaining, he bought paints worth N1.944 million and that changed the whole situation till date.
“Today we have our head office in Lagos. We have a branch in Uganda and very soon in the United States of America. Today, we are opening this branch that will serve the whole of South-south Nigeria.” Aigbe said.
He added that his business philosophy has been to engage young Nigerians who are very competent and called on the government to create the enabling environment for young Nigerians to thrive within the country in order to check brain drain.