The developer of the Cocoa Mall in Ibadan, Oyo State, Chief Tokunbo Omisore, has said the aim of building the complex is to relive the memories of the days of mega shopping malls in the country such as Leventis, Kingsway Stores and UTC.
He said the mall would also help to solve the problem of the rise in unemployment in Oyo and neighbouring states.
Omisore said, “With many brands coming to be part of the Cocoa Mall, it is employment opportunities for the creative minds in the state. In the days of the Kingsway, Leventis and UTC stores in Ibadan and Lagos, it was always fun-filled days after visiting the departmental stores because consumers were able to purchase items at affordable prices in hygienic and cosy environments.“The Cocoa Mall will bring this memory back to the older ones and thrill the younger generations to the fact that you don’t need to travel abroad to get great services in terms of goods.”
He said in a statement issued on Friday that the mall, which is expected to open in October, would also boost patronage of made-in-Nigeria goods.
Omisore, who is the President of the African Union of Architects, said, “The Cocoa Mall is an international standard in terms of structure and pricing, and it is first of its kind in Oyo State. Though the mall is a huge investment, we have set reasonable time for return on investment on the project.
“The mall is 80 per cent allotted and paid for by prospective shop operators of repute in the growing country’s retail industry. We have multinationals and also those who are growing their businesses as occupants; these are people, who are set to majorly project made-in-Nigeria goods.”
He said the mall offered a total of 14,000 square metres of floor area with international and local brands taking up unique positions.
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