Salami Agbaje
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Salami Agbaje (1880–1953) was one of Nigeria's leading businessmen during the nation's colonial era. He was a successful indigenous entrepreneur who found a way to adapt and transform his ambitions into reality within an emerging and foreign Western milieu.Adeboye, Salami Agbaje: The Life and Times of an Indigenous Entrepreneur in Colonial Nigeria. Lagos Historical Review, vol. 1, 2001. p 1. He was also Ibadan's richest citizen during his time and used his wealth to open doors to new ventures never before established in the city.


Early life

Agbaje was born in Lagos to the family of Mr Durowoju, an
Islamic Islam (; ar, ۘالِإسلَام, , ) is an Abrahamic monotheistic religion centred primarily around the Quran, a religious text considered by Muslims to be the direct word of God (or '' Allah'') as it was revealed to Muhammad, the mai ...
teacher originally from Iseyin and Mrs Sinatu. He had four other siblings, two boys and two girls. Growing up in an Islamic family, knowledge of the Koran was a step all the children took and at an early age, he learned the Koran along with his brothers and sisters. He later apprenticed under a tailor and learned the art of tailoring. However, he did not last in Lagos, towards the end of the nineteenth century he left for Ibadan to find better opportunities.


Ibadan

Though Ibadan was a new environment for Agbaje, Mrs Sinatu, his mother was a native of the city and she lived there before marrying Mr Durowoju. In Ibadan, he left the artisan work of a tailor and focused on logging.


Business career

His first commercial success occurred when he was a timber contractor. The economy of the colonial era was maintained through the combination of importation of manufactured goods for local consumption and the export of agricultural
commodities In economics, a commodity is an economic good, usually a resource, that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. The price of a comm ...
and
raw materials A raw material, also known as a feedstock, unprocessed material, or primary commodity, is a basic material that is used to produce goods, finished goods, energy, or intermediate materials that are feedstock for future finished products. As feedst ...
. The major merchants involved where mostly expatriates as little credit was extended to indigenous
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. Railways soon emerged as an important system for the transportation of raw materials from one Nigerian location to another or for export. Agbaje cashed in on the new economy by supplying most of the timber needed for the construction of the Lagos-Ibadan railway in 1871. The timber business soon became his launching pad for greener investment opportunities. He collated the
profit Profit may refer to: Business and law * Profit (accounting), the difference between the purchase price and the costs of bringing to market * Profit (economics), normal profit and economic profit * Profit (real property), a nonpossessory intere ...
from timber contracting and set out to meet with
farmers A farmer is a person engaged in agriculture, raising living organisms for food or raw materials. The term usually applies to people who do some combination of raising field crops, orchards, vineyards, poultry, or other livestock. A farmer mi ...
and to seek avenues for produce buying in the
Yoruba The Yoruba people (, , ) are a West African ethnic group that mainly inhabit parts of Nigeria, Benin, and Togo. The areas of these countries primarily inhabited by Yoruba are often collectively referred to as Yorubaland. The Yoruba constitute ...
hinterland. He became a merchant who succeeded in linking and buying goods from the local farmers and selling them to expatriate firms for export. He was also notable for using advertising as a business strategy. His name and business could be seen splashed inside the pages of the Yoruba News in the 1920s. From the produce buying venture, he diversified into transportation and import and export. He imported Cotton, gin and rum, building materials, hats, umbrellas and sewing machines. He was not only a success as an importer but was actually one of the few indigenous importers of his time. He had also risen to the top in Ibadan's social and political circles and pioneered new industries in the city. In
Akinpelu Obisesan Akinpelu Obisesan (1889–1963) was a Nigerian diarist, businessman and politician. He was among a class of educated elites in the early twentieth century who kept private records of their activities and who were also speakers at formal events. M ...
's diary, Obisesan lamented his laid back lifestyle as one of insolence when he was in company of two Ibadan chiefs, Adebisi Giwa and Salami Agbaje. Other pioneering ventures or activities he was involved with in Ibadan includes the first private motor garage in the city and the first truly indigenous owned diversified company, hiring both foreigners and indigenous individuals. He also was the first to establish cinemas.Adeboye p 9


Conflict with Ibadan chiefs

As a wealthy Ibadan businessman, he rose rapidly within the ranks of Ibadan chiefs, becoming the Balogun of Ibadan before his death in 1953. However, many prominent chiefs in the city wanted Agbaje to use his wealth for societal benefit, in recognition of his position among the
hierarchy A hierarchy (from Greek: , from , 'president of sacred rites') is an arrangement of items (objects, names, values, categories, etc.) that are represented as being "above", "below", or "at the same level as" one another. Hierarchy is an important ...
of leaders of Ibadan. A culture of largesse among prominent Ibadan chiefs had become part of the Ibadan society. Wealthy and high ranking chiefs were used to dashing money to Ibadan citizens and holding relatively open feasts for merrymaking and enjoyment. However, Agbaje who made money in a colonial
economic system An economic system, or economic order, is a system of Production (economics), production, resource allocation and Distribution (economics), distribution of goods and services within a society or a given geographic area. It includes the combinati ...
was less interested in the
largesse Generosity (also called largess) is the virtue of being liberal in giving, often as gifts. Generosity is regarded as a virtue by various world religions and philosophies, and is often celebrated in cultural and religious ceremonies. Scientific in ...
tradition of Ibadan and tried his best to avoid it. This earned him the irritation of Ibadan masses. In 1949, Mogajis (or clan heads) in Ibadan brought charges against Agbaje to forestall him from becoming the Oba of Ibadan, a position which had little to do with blood
lineage Lineage may refer to: Science * Lineage (anthropology), a group that can demonstrate its common descent from an apical ancestor or a direct line of descent from an ancestor * Lineage (evolution), a temporal sequence of individuals, populati ...
but rather relied on a person's position within the company of warrior and civil chiefs. An underlying reason was his contempt for the largesse tradition and his unpopularity with Ibadan masses. However, a commission assembled to look over the case, cleared Agbaje of all charges. At the time of his death, he had ten wives and numerous children. He was known to have spent a great deal in giving his children the best education money can buy.


References

{{DEFAULTSORT:Agbaje, Salami Businesspeople from Lagos Yoruba businesspeople 1953 deaths 20th-century Nigerian businesspeople Nigerian commodities traders People from colonial Nigeria Businesspeople from Ibadan 1880 births 19th-century Nigerian people