(Videos) Mr Eazi Reveals How He Blew Millions at 19—And What He Learned

• Mr Eazi lost ₦19 million at age 19 in a diesel supply business intended for MTN.
• Funding came from his uncle, a family friend, and other close sources.
• Deregulation of fuel prices caused a crash, trapping funds and collapsing the deal.
• Despite the financial loss, the experience shaped his entrepreneurial and business skills.
• Social media users praised Mr Eazi for turning early failure into a foundation for global success.

Nigerian singer and businessman Mr Eazi has opened up about a major financial setback he faced as a teenager, losing ₦19 million in a diesel supply venture at the age of 19. The ambitious project aimed to supply diesel to telecommunications giant MTN but ended in disappointment.

Mr Eazi explained that he had borrowed the money from his uncle, a doctor, and a family friend, hoping to kickstart a profitable enterprise. With nearly £40,000 at their disposal, they sourced diesel through agents at Lagos’s Apapa port. However, just as the purchase was made, deregulation of fuel prices caused a market crash, trapping their funds and derailing the MTN deal.

Instead of profits, the young entrepreneur and his partner were forced to sell the diesel at a loss. Although it was a painful experience and investors were left disappointed, Mr Eazi credits the failure with shaping his business acumen and entrepreneurial mindset—lessons that later influenced his success in music and global business ventures.

Fans and social media users reacted to his revelation, highlighting admiration for how the setback fueled his later achievements and growth into a global brand.

Watch the video below…

NewsandVibes.com