Singer and entrepreneur, Mr Eazi, has revealed how he as soon as misplaced ₦19 million in a failed diesel enterprise at simply 19 years previous.
Based on him, he took cash from his uncle, a physician, and his spouse in Nigeria to fund the enterprise, with the hope of supplying diesel to MTN.
Enterprise dream gone fallacious
He defined that his good friend’s father, OC’s dad, trusted them sufficient handy over his life financial savings value about ₦19 million then, which equated to just about £40,000 on the time. With the cash in hand, they tried to safe diesel by way of brokers on the Apapa port in Lagos.
Sadly, deregulation of gas costs hit simply as they made the acquisition. Costs crashed, their cash was trapped, and the MTN provide deal slipped by way of their fingers.
The tough lesson
Mr Eazi recalled how painful it was to lose such an enormous quantity at a younger age. As a substitute of constructing earnings, they had been pressured to promote the diesel at a loss, with no probability of recovering the hundreds of thousands invested.
The failed enterprise left them in shock, however the expertise, in line with him, was a turning level. He mentioned that though that they had dissatisfied their buyers, together with his uncle and OC’s dad, the journey formed his entrepreneurial mindset.
For Mr Eazi, the setback was a bitter however worthwhile lesson that ultimately influenced his rise as a world music and enterprise model.
Social media reactions
Araboriota reacted : “At 19 most individuals are nonetheless asking mother and father for pocket cash. Despite the fact that the enterprise failed, the expertise Mr. Eazi gained was value greater than the #19m. No marvel he constructed himself into a world model later.”
Tumzy9 reacted: “I by no means nonetheless see 19million”
mayor_xxx wrote: “#19M gone, however the expertise turned him into the person he’s now”
BhadJayy added: “19Million at 19 lol.”
Watch the video under…
“At 19 I borrowed ₦19 million from my uncle to enter Diesel enterprise, three months later the enterprise crashed and I misplaced the entire ₦19 million”
— Mr. Eazi. pic.twitter.com/2JWkRzCK3S
— 𝐀𝐬𝐚𝐤𝐲𝐆𝐑𝐍 (@AsakyGRN) September 22, 2025