Olumide Akinsanya’s latest project is the multi-million dollar Ibom Tropicana Mall in Uyo, Akwa Ibom State.
One of the reasons Africa’s biggest retail chain, Shoprite, is planning to disinvest from Nigeria is the volatility of naira, some business analysts have said.
Olumide Akinsanya, a young Nigerian businessman who is investing millions of dollars, building shopping malls in Nigeria, knows this much. Yet, he seems ready to take the big risk, all the way.
Mr Akinsanya, a civil engineer, is the CEO of Median Infrastructure Company Development Ltd.
His company’s latest effort has been the reconstruction and remodeling of the Ibom Tropicana Mall in Uyo, Akwa Ibom State, Nigeria’s South-south.
The Tropicana Mall, one of the components of a massive leisure complex was abandoned for some years before Mr Akinsanya’s company stepped in with private funds to turn it into a beautiful place – with the hope of yielding returns for investors, including the Akwa Ibom State Government.
