Chisco group started with just 120naira – CEO

Chisco group started with just 120naira – CEO

Like most entrepreneurs from the East, he started out selling Spare parts. But with a seed fund of just NGN120, goodwill, a detailed plan and a passion for excellence, Chief Anyaegbu has grown his transport business into the conglomerate, Chisco group having arms in Oil and gas, finance, hospitality, real estate, education, import and export.

When it comes to entrepreneurship, Chief Dr. Chidi Anyaegbu, CEO Chisco group has not only proved himself but has blazed a trail that others can follow.

In the course of his business, he also attended several short Management and Entrepreneurial courses in France, USA, Brazil, Germany, and United Kingdom. He was conferred with a Doctorate Degree in Business Administration (Honoris Causa) by Penn State University, USA in 1996. He is a Fellow, Chartered Institute of Logistics and Transport (International) London and possesses the Business Certificate Award by University of Houston USA.

In this interview with Tobi Solarin from The Spark, this passion-driven entrepreneur shares his perspective on success, business and service to God and humanity.

You have lots of achievements, but share with us what you regard as your biggest achievement so far?
My greatest achievement in life is the God-given opportunity to me to serve humanity across the globe because I see serving humanity as the same thing with serving God. At this stage of my life, what keeps me going is the provision of over 4000 jobs to the Nigerian populace of which the youth segment is a clear majority.

You started your business with NGN120, courtesy of your Uncle. Would you say this funding contributed immensely to your success?
The NGN120 you mentioned was sourced from the NGN150 my master Mr Daniel Ofodum gave to me as settlement after completing the apprenticeship training with him. I used this money to rent my first shop from my landlady Mama Fasholati at Oyingbo. I served my master honestly and wholeheartedly and that was one of the reasons the money went far for me as I think it was blessed by God. However, I always advise anyone that it is not really about your capital that determines success because many people have received far more money than what I got but it could not amount to much for them. Astute business Planning and rugged determination can attract capital and that is why I wrote a book called “YOU TOO CAN DO IT” to encourage the youth not to give up and to keep striving for success without engaging in vices but in products or services that can benefit humanity.

You were in the spare parts business before you started your transport company – Chisco Transport. What inspired the change?
Yes, we started with spare parts business in 1978 and was very successful but the demand for transport and logistics services was overwhelming and was even affecting our business as people and cargo would always be stuck for days with no vehicle. Chisco Transport began its pioneer route with Lagos to Onitsha with a fairly used bus but with hard work and a keen eye on customer satisfaction we continued to grow from strength to strength And today our group have not stopped aspiring to meeting the needs of yearning populace demanding for hospitality service, energy, haulage, courier and even spare parts, tyres etc. We strive to live to the expectation of our loyal customers by being consistent in delivering quality service. Integrity and honesty are part of the core values of our brand and that is why all our stakeholders including our bankers, customers and the government have recognized us as valuable partners over these decades of active service.

read full interview here

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