Nigerian singer Mr Eazi has revealed how he lost ₦19 million in a failed business venture long before finding fame in music. Speaking in an interview, he recalled venturing into diesel supply at just 19 years old, using money borrowed from his uncle and his uncle’s wife.
The plan was to supply fuel to telecommunications firm MTN, but government deregulation abruptly removed subsidies, causing prices to crash. With funds tied up for months, the deal collapsed, leaving him with unsold stock he was forced to offload at a loss.
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Although the setback proved devastating, Mr Eazi said the experience marked his first taste of entrepreneurship. He credits it as a hard but valuable lesson that later shaped his business mindset alongside his rise as a global Afrobeat star.
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