Mr Eazi Shares Loss of ₦19 Million in Failed Diesel Business Deal, Emphasizes Entrepreneurial Resilience

Nigerian singer, Mr Eazi, shared his experience of losing ₦19 million in a failed diesel supply deal. In an interview, he revealed how he borrowed money from his uncle, a doctor, and his wife to start the venture.

The plan was to buy diesel for supply, but due to a sudden government deregulation causing a drop in diesel prices, the deal collapsed. Despite the financial loss, Mr Eazi considered it a crucial lesson in entrepreneurship, emphasizing the resilience needed for business success.

The incident highlighted the risks involved in business ventures and the importance of adapting to market changes.