Obi Cubana Reveals His Retirement Plan: Nigerian Billionaire Intends to Step Away from Business at 60

Renowned Nigerian entrepreneur and nightlife mogul Obi Cubana has revealed his plan to retire from active business at the age of 60. The billionaire businessman, known for his thriving ventures across hospitality, entertainment, and real estate, shared that he intends to step back from daily business operations to focus more on philanthropy, mentoring young entrepreneurs, and enjoying a quieter lifestyle.

Speaking in a recent interview, Obi Cubana emphasized the importance of strategic planning and financial discipline in achieving a comfortable retirement. According to him, true success isn’t only about accumulating wealth but also knowing when to take a bow and enjoy the fruits of one’s labor.

“By 60, I want to retire from active business and just focus on giving back to society,” he said. “I’ve worked hard over the years, and my goal now is to build systems that will run without me.”

The CEO of the Cubana Group, which includes top establishments such as Cubana Club and Grand Cubana Hotels, also hinted at grooming younger leaders to take over the reins of his business empire. He believes that empowering the next generation is crucial for sustaining entrepreneurial growth in Nigeria.

Obi Cubana’s announcement has sparked conversations about work-life balance, succession planning, and financial independence, especially among young African entrepreneurs who look up to him as a role model.