- Mr Eazi has recounted how he lost ₦19 million at age 19 in a failed diesel supply deal.
- He said deregulation of fuel prices ruined the venture, forcing him and his partners to sell at a loss.
- Despite the setback, Eazi noted the experience became a valuable lesson that shaped his path as an artist and businessman.
Singer and entrepreneur Mr Eazi has shared how he lost ₦19 million in a failed diesel venture as a teenager.
At just 19, he raised the funds from his uncle and a friend’s father to supply diesel to MTN. However, deregulation of fuel prices crashed their deal, forcing them to sell at a huge loss.
Eazi admitted it was a painful experience but said the setback taught him valuable lessons that shaped his entrepreneurial journey and eventual rise as a global music and business brand.
Social media reactions
mayor_xxx wrote: “#19M gone, but the experience turned him into the man he is now”
BhadJayy added: “19Million at 19 lol.”
Araboriota reacted : “At 19 most people are still asking parents for pocket money. Even though the business failed, the experience Mr. Eazi gained was worth more than the #19m. No wonder he built himself into a global brand later.”
Tumzy9 reacted: “I never still see 19million”
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