The Yinka Folawiyo Group is a diversified Nigerian industrial group founded in 1957 by late Chief Wahab Iyanda Folawiyo, first Baba Adinni of Nigeria.
The group is active in key industries such as oil exploration and production, refined product storage, energy trading, shipping, farming and real estate.
Led since 2008 by Tijani Babatunde Folawiyo, the group continues its dynamic expansion to meet the needs of the thriving Nigerian economy
In 1957, late Wahab Iyanda Folawiyo founded Yinka Folawiyo & Sons, the parent company of the Group, to develop import and export between Nigeria and the rest of the world.
In 1958, he became the first entrepreneur to develop trading activities between Eastern Europe and Nigeria. Incrementally Yinka Folawiyo & Sons expanded its activities across the region, trading commodities like sugar, cement and construction materials. The company then expanded its product offering with dairy products, tinned and frozen fish, fertilizers and other essential commodities like rice.
In 1967, to facilitate its fast expansion independently, Maritime Associates International was incorporated as shipping and forwarding agents, becoming one of the first Nigerian shipping companies, in an industry where foreign corporations had a monopoly. Nigerian Green Lines was subsequently formed, being the first Nigerian ship owning company and later garnered a fleet of six vessels with a combined deadweight of just under 200,000 MT. At its peak, it was the largest owned fleet in Africa. Wahab Iyanda Folawiyo became the first African Principal Member of the Baltic Exchange in London.
In 1971, the founder created United Property Developers to answer Lagos’ growing needs in residential and commercial properties. Since then, the company has built several iconic developments across Lagos.
In 1982, the company entered the oil industry with the formation of Yinka Folawiyo Petroleum, , a leading indigenous E&P company in Nigeria. The company is currently operating the Aje field, the first oil‐producing field in Lagos state. The group expanded its oil activities across the value chain with Folawiyo Energy, owning and managing a world‐class storage and distribution unit in Lagos. Enyo Retail & Supply completed the group’s oil business bringing value with its marketing and trading capacities.
In 1986, the company expanded its activity into farming. Today, Folawiyo Farms operates its farm in Oyo state, breeding poultry and growing crops such as maize, pineapples and cassava.
Presently the Yinka Folawiyo Group is still growing and is now populated by offspring’s of the founder as well as professional managers.