I Started My Multi-Million Naira Business with Just N50,000: Nigerian Oil Mogul Reveals How He Made it Big

I Started My Multi-Million Naira Business with Just N50,000: Nigerian Oil Mogul Reveals How He Made it Big

  • The executive chairman of Total Grace Oil and Gas Investment Limited, Dr Henry Bolaji Akinduro, has said he started his multi-million naira business with just N50,000
  • According to Dr Akinduro, the money was the bursary he received from the Ondo state government while in Medical School
  • He said it wasn't a bed of roses as he faced challenges on his way to the top but he was able to surmount them

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Dr. Henry Bolaji Akinduro, the executive chairman, Total Grace Oil and Gas Investment Limited, has revealed that his current multi-million naira business started with N50,000 a long time ago.

The Total Grace Oil and Gas Investment Limited has its headquarters in Dubai, with currently 5 filling stations in Nigeria.

Dr Henry Bolaji Akinduro is a successful entrepreneur
Dr Henry Bolaji Akinduro started his business with just N50,000. Photo credit: Dr Henry Bolaji Akinduro
Source: UGC

Speaking with Legit.ng regional report, Adewinmi Adeoye, the Oil and Gas entrepreneur explained that the N50,000 was from the bursary received from the Ondo state government while he was in Medical School.

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He started with business centre

Dr. Akinduro, who made the disclosure on Wednesday, June 30, in the Ajah area of Lagos state, further explained that the current business started from a business centre with a photocopy machine and computers.

The executive chairman noted that his director joined him after two years and the business changed therefrom.

In his words:

“The journey started a long time ago. I started the business with N50,000 that was given to me by the Ondo State Government then when I was in the medical school as a bursary.
“And from there, we started a business centre with photocopy machine and computers.
“After like two years, my director joined me then. And from there, we have been changing from one business to the other.”

It wasn't a bed of roses

Meanwhile, the chairman noted that it was not a bed of roses as there were ups and downs along the way but the challenges emboldened him.

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Akinduro, therefore, urged upcoming entrepreneurs to embrace patience as success cannot be achieved overnight

He said:

“It was not a bed of roses. For every business, there are ups and down. But, the ability to be able to overcome those challenges is what makes you bold.
“If you want to be a leader, you must be able to overcome challenges you are faced with at any given time.
“My advice to the upcoming business entrepreneurs is that you cannot make it overnight.
“It takes patience and you have to be ready to face whatever challenge and overcome it.”

25-year-old lady reveals how she earned N500k with skills learnt from hustling at restaurant while schooling

In other news, a 25-year-old Nigerian lady identified as Olamide Ipadeola has explained how working in a restaurant while schooling earned her N500,000 on her first job after putting the skills learnt to practice.

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Speaking with Legit.ng regional reporter, Adewumi Adeoye, Olamide said she studied Mass Communication and earned a National Diploma in 2016 from Yaba College of Technology.

The young entrepreneur, who is the owner of square_events.ng, said working at the restaurant was the only available opportunity for her to be able to save money for school fees and feeding.

Source: Legit

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