Nigerian auto billionaire Michael Ade-Ojo wants his university to stop relying on his money
Michael Ade-Ojo told Elizade University's new governing council to reduce its dependence on him and raise money from companies and donors.
Toyota Nigeria
Nigerian billionaire Michael Ade-Ojo sold his first Toyota in 1965 to build an empire that includes car factories and universities
Michael Ade-Ojo started selling cars in Nigeria in 1965. Six decades later, his Elizade Group controls Toyota Nigeria, a $50 million assembly plant and a university.