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Firm opens rental office space for start up business owners

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Against the backdrop of   globalisation which has brought to the fore, the imperative of technology-driven approach to human activities, NIKOY Nigeria Limited, a Lagos-based agro-business company which specialises  in grains processing and haulage, has inaugurated two innovative subsidiaries in Lagos.

The subsidiaries which are ACE Wash N Dry Laundromat and Work Hive Co-work Space in pursuit of strategic diversification programme, are to meet the aspirations of millennials whose activities are technology-driven in all areas of human endeavour.

By the establishment of Work Hive Co-work Space, it means the days of having your office space before you can transact business is gradually becoming a thing of the past, as it affords business startups the opportunity to rent a space per hour, per day with the provision of office facilities in place to do your business.

Both located off Toyin Street, Ikeja, while the co-working space is believed to ease business particularly for the new startups and young entrepreneurs, the Laundromat is powered by latest and cheapest technology to make laundry services as affordable as possible.

Mr. Olawale Oyedele, Chairman, NIKOY Nigeria Limited, said at the inauguration of Work Hive Co-Work that the move was part of the effort to diversify the company’s portfolio and also help millenials in need of smart work space.

According to Oyedele, the creation was in response to globalisation, which has placed Nigerian millennials in dire need of technology-driven office space.  This, he said, this new company is set out to achieve at reduced cost, adding that their corporate innovativeness has, therefore, brought about the decision to float Work Hive

Dr. Joseph Sanusi, former Governor of the Central Bank of Nigeria, said the two new businesses had been established on the pillars of integrity, skills, value and determination to sustain quality services at affordable prices for everyone.

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Sanusi urged the Federal Government to put incentives in place to encourage entrepreneurs to establish companies in the country and create employment to boost the nation’s Gross Domestic Product.

Miss Mojisola Oyedele, the managing director of the new company, affirmed that their target market was the millenials within the ages of 21 and 24, startups and young professionals. “The young professionals can come to Work Hive and rent a space for one hour or two, they can also go for daily or monthly rate. It all depends on the work. All the facilities which are obtainable in a conventional office are available here including internet facilities, power supply, and furniture,” she assured.

According to her, Work Hive takes away all the burden and challenges associated with renting and managing an office space, assuring further that their services which are unique in that part of Lagos are affordable in all the rates they offer—hourly, daily, monthly and annually.

“This innovation is cheaper,” she said, adding that 25 pieces of clothes cost  just N1,500 for both washing and drying. Laudromat provides a wide range of cleaning and drying for all categories of clothes, including bed sheets, pillow cases, towels etc.

“Apart from self-service, there is drop-off laundry, which is handled by a professional for just an extra token. The new drycleaning method saves cost, reduces stress, turnaround time and minimises stockpile of dirty clothes.

Olusegun Osunkeye, who chaired the event, commended the initiatives and urged the government to create enabling environment for entrepreneurs through the provision of necessary infrastructure.

The industrialist took a swipe at the current Bill that mandates banks and insurance companies to cede 10 per cent of their profit-before-tax to the National Housing Scheme as vexatious. Osunkeye argued that such policy would impact negatively on shareholders’ dividends and allowances of pensioners.

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