At 19, I Borrowed ₦19 Million from my Uncle to Start a Diesel Business "-Mr Eazi

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Before the fame and Afrobeats success, Mr Eazi’s first big hustle failed. At 19, he borrowed ₦19 million from his uncle to start a diesel business — only to lose it all in three months.

Before Oluwatosin Ajibade became globally known as Mr. Eazi, the Nigerian music star and entrepreneur had his fair share of tough business lessons. In a candid revelation, he shared how, at just 19 years old, he borrowed ₦19 million from his uncle to launch a diesel supply venture. What seemed like a promising opportunity quickly turned into a financial disaster, wiping out the entire investment in only three months.

According to Mr Eazi, his youthful drive and eagerness to make money clouded his judgment. He entered the business with excitement but lacked the depth of knowledge and structures necessary to sustain it. He recalled how poor planning, overconfidence, and misplaced trust in people around him caused the venture to collapse almost as quickly as it began.

“I was so sure it would work. I thought the money alone would guarantee success,” he admitted. But the harsh reality set in when he saw how fast capital could vanish without proper financial discipline or industry understanding. What started as a bold attempt to step into entrepreneurship ended as a hard but unforgettable lesson.

For Mr Eazi, the experience became a defining moment that shaped his approach to money and business later in life. Instead of letting the failure break him, he used it as fuel to build resilience, diversify his ventures, and eventually succeed in music and tech entrepreneurship. His story now serves as a reminder to young people: ambition is vital, but knowledge, mentorship, and planning are just as important in building lasting success.

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