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66 Year Old Toyota CEO Resigns; Says, “I’m Too Old”

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Recently, the CEO of Toyota, and grandson of the founder of the car company Akio Toyoda announced that he is stepping down as head of the auto giant. He believes he is too old to understand the consumer sentiments of this generation.

Many were shocked because in the last 14 years, he took the company from a highly conservative, cautious but quality conscious company, to a bold, ambitious, trendy and adventurous one. Reinventing the brand to appeal to younger consumers.
When he took over as CEO, he had a tough time convincing Toyota engineers that he can run the company because first, he has a law and business background; second, he was not a top race driver.

He was told by members of the board that Toyota engineers would not respect him and would not take his ideas serious unless he trains as a top race driver, which will provide him with background knowledge of how a car engine works.
He obeyed, and started training as a race driver, after months of highly intensive training, he qualified and started taking part in race events.. He participated as a driver at events including the 2009 24 Hours Nürburgring race employing the pseudonym Morizo Kinoshita.

He reached the 87th position overall and the fourth position in his class with his LF-A Prototype No. 14. It was the success of the prototype LF-A which helped in the promotion of sports models including the Lexus IS F and Lexus LFA at auto races.
In 2016, Toyoda approved the project that would result in the GR Yaris; during the development of that car, Toyoda (as Morizo) served as a test driver.
Morizo crashed the first test car during a mid-winter test drive at a Hokkaido track; after exiting the car on his own, he remarked that he did not “like the feel of it”. Engineers went back to the drawing board.

His love for racing resurrected the Toyota Supra (GR Supra) which today confidently compares with the Nissan Z and brings back the childhood dream car of many Gen Xers.

Toyoda said that at 66, he is too old to run a company that expected to meet the needs of younger generation as his views, and tastes might be outdated thus the need for the company to have a new management team of younger leaders to navigate the challenges ahead.

Inspite of taking Toyota to leadership position in many areas, the company has faced criticism that it has been too slow to adapt to the rapid rise of EV challengers like Tesla and China’s BYD.

As his replacement, Toyoda presented one of the most loyal insiders in Koji Sato, former president of Lexus, and one of Lexus top engineers/innovators. Koji is presently Toyota’s Chief Branding Officer.
According to the retiring CEO, “Sato is a man who has worked hard to master Toyota’s philosophy, techniques and manners in the field of car manufacturing, he is young, and he loves cars.”

“In order to promote change in an age when the right answers are not known, it is necessary for the top management to continue to be on the frontlines themselves. To do so, physical strength, energy and passion are essential. I think being young is a big attraction in itself.”

A Different Car Company

A major uniqueness of the Toyota philosophy that stood it out from others is also why it builds far more reliable and durable cars; Toyota is run by engineers, while other car companies are run by salesmen and accountants.
To head Toyota, you either have engineering background, or you first get accepted by the engineers because Toyota engineers are renowned for sticking to their ideas.
And two major areas have exemplified this over the last four decades. First are quality materials: Toyota engineers insist on high-quality materials in the manufacturing of their engines, including robust cast iron blocks, durable aluminum alloys, and high-grade steel components.

The second is precision engineering: Toyota has a reputation for precision engineering, which means that each engine is designed and manufactured with extreme care and attention to detail. This helps ensure that every component works together seamlessly to maximize performance, and may work in extreme conditions without replacement for upwards of two decades.

Yo shinai, Yo kangai-Good thinking, Good Product!

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“I Lost $1.2 Million To Hackers On One Of My Apps. I Caught One Of The Hackers, And Instead Of Handing Him Over To The Police, I Employed Him To Work For Me.”- BLord

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Anambra Born tech entrepreneur and businessman Linus Williams, popularly known as BLord, has shared an unusual story about how he handled a major cyberattack on one of his applications.

According to BLord, he lost $1.2 million to hackers who infiltrated one of his digital platforms. In the course of tracking the incident, he successfully identified one of the individuals involved in the breach.

Rather than handing the suspect over to security agencies, BLord said he made a strategic decision: he employed the hacker.

He explained that the hacker’s skills, though misapplied, were exceptional and could be redirected towards strengthening his company’s cybersecurity systems.

BLord noted that the decision was driven by a desire to turn a negative experience into an opportunity for growth and to better secure his business infrastructure.

 

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MAN Honours Zobis Cable CEO, Ezeobi, at 37th AGM

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The MD/CEO of John Zobis Group, Mr. John Ezeobi, has again been honoured with another major industry prize in recognition of his contributions to local sourcing, innovation and the growth of Nigeria’s manufacturing capacity.

 

The prestigious award, “Pillar of Industrial Enterprise and National Impact,” which was conferred on him by the Manufacturers Association of Nigeria (MAN) — Anambra, Ebonyi and Enugu Zone, was presented during the association’s 37th Annual General Meeting, Awards & Gala Night at the International Conference Centre, Enugu.

coming barely three weeks after Ezeobi was nominated as the winner of The Sun’s Industrialist of the Year Award 2025 by the Management of The Sun Newspaper, a run of recognition that has further highlighted his rising profile in the South-East manufacturing ecosystem.

The latest award, it was gathered, celebrates Ezeobi’s deliberate investment in backward integration, his push for local sourcing of raw materials and efforts to strengthen domestic value chains, which MAN described as essential to reducing import dependence and creating jobs across the region.

 

Chaired by Chief Obinna Iyiegbu (Obi Cubana), the well-attended occasion, themed “Exploring Opportunities for Backward Integration and Local Sourcing of Raw Materials for the Manufacturing Sector,” brought together regulators, policymakers, manufacturers and industry stakeholders and also featured presentations, panel sessions and cultural performances, among other highlights.

 

Speaking at the event, the Keynote Speaker and Director-General of the Raw Materials Research and Development Council (RMRDC), Prof. Nnanyelugo Ike-Muonso, said the economic benefits of exploring Opportunities for backward integration and local sourcing of raw materials for the Manufacturing sector cannot be overemphasized.

 

Prof. Ike-Muonso told delegates that Nigeria spent over ₦3.53 trillion importing raw materials in the first half of 2025 alone, warning that such dependence continues to weaken the nation’s economy. He further argued that the proposed 30% Value Addition Bill, which would require a minimum local value addition before export, would be transformational if signed into law.

 

He also outlined the bill’s potential to expand GDP, generate hundreds of thousands of jobs and save foreign exchange by keeping more of the country’s raw-material wealth in domestic supply chains, boost local manufacturing, and generally reposition Nigeria as a regional industrial hub.

 

On his own part, the Governor of Enugu State, Dr. Peter Mbah, endorsed the call for stronger industry-academia partnerships and urged financial institutions to make affordable credit available to manufacturers who adopt backward integration. The governor, who was represented by his Deputy, Barrister Ifeanyi Ossai, described the policy pathway as key to moving Nigeria from resource export dependence toward higher-value industrial output.

 

Reacting via his social handle shortly after receiving the award, the Zobis Cable Boss expressed gratitude for the honour, describing it as a strong motivation to do more in driving local production, reducing import dependence, and strengthening Nigeria’s industrial base.

 

Ezeobi, who received the plaque from pioneer Nollywood star and legal practitioner, Barr. Kenneth Okonkwo, attested that the AGM provided a critical platform for renewed commitment to backward integration as a pathway to sustainable industrial development.

 

“The event highlighted the critical importance of backward integration and local sourcing of raw materials as strategic levers for strengthening domestic production, reducing import dependency, and building resilient, self-sustaining industries. A meaningful platform for driving progress and collaboration across Nigeria’s manufacturing sector,” he partly wrote.

 

Also speaking, the Chairman of MAN for the Anambra-Ebonyi-Enugu zone, Dr. Adaora Chukwudozie, described local sourcing as the pragmatic route to lowering production costs and stabilizing supply chains for SMEs and larger manufacturers alike. She welcomed RMRDC’s roadmap and invited state governments to partner in establishing raw-material corridors and shared processing facilities that would bring inputs closer to factories.

 

The event, which had His Eminence, Eze Eberechukwu Orji, Eze Aro, as the Royal Father of the Day, was also graced by other notable dignitaries and stakeholders, which include Senator Osita Izunaso, Dr. Gideon Chidiebere Osi, Ichie Sunday Ezeobiora , Chairman, Sunchi Farms; Mr Linus Williams Ifejika, Chairman Blord Group; Otumba Francis Meshioye, National President, Manufacturers Association of Nigeria; Dr. Ifeanyi Okoye, Chairman, Juhel Pharmacy; Chief Dr. Dan Chukwudozie, Chairman,Dozzy Group; Dr. Chike Obidigbo,Chairman, Hardis and Dromedas; Anambra Commissioner for Trade and Industry,Mr. Christian Udechukwu.

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GLOBACOM SEALS STRATEGIC CONNECTIVITY PARTNERSHIP TO DRIVE IMO STATE’S DIGITAL TRANSFORMATION AGENDA

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By Prince Uwalaka Chimaroke
15-NOV-2025

Globacom, one of Nigeria’s leading digital solutions providers, has entered into a groundbreaking Internet connectivity agreement with the Imo State Government through the Ministry of Digital Economy and e-Governance—an ambitious step that signals the state’s commitment to becoming a fully digitized economy and a model Smart City in the South-East.

The agreement, hailed as the largest single fixed Internet connectivity initiative ever undertaken by Globacom’s Enterprise Business Group, underscores the company’s growing influence in deploying world-class telecommunications infrastructure across Nigeria. This milestone partnership positions the operator at the heart of Imo State’s fast-evolving digital future.

Through the deal, Globacom will deliver high-capacity, state-of-the-art Internet infrastructure to strategic government and institutional locations. These include the 15-building Smart City complex in Owerri, the Ministry of Digital Economy and e-Governance, and the Imo State University for Innovation, Science and Technology (formerly Imo State Polytechnic). The infrastructure rollout is expected to strengthen digital literacy, modernize public administration, and enhance access to digital services for residents.

A central component of the project is the integration of the Glo-1 submarine cable—Globacom’s privately owned, trans-Atlantic fibre optic system that links Nigeria directly to Europe. Known for its high bandwidth, ultra-low latency, and secure connectivity, the Glo-1 network will serve as the backbone for Imo State’s digital expansion.

With this partnership, Imo State aims to accelerate e-governance, improve the efficiency of public service delivery, attract technology-driven investments, and promote innovation across sectors including education, commerce, and security.

The collaboration demonstrates a shared vision between the State Government and Globacom: to empower citizens, institutions, and businesses through robust digital infrastructure that can sustain long-term economic growth.

 

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