Connect with us

News

From ₦40K Salary To Homeowner at 21: See How This Young Nigerian Did It.

Published

on

Many young Nigerians dream of financial independence, but few achieve it early. One young entrepreneur, however, turned his first ₦40,000 salary into homeownership by 21. No shortcuts, no rich parents, just strategy, discipline, and smart decisions.

Isaac Oladipupo, a young Nigerian, recently shared his journey on Founders & Fortunes, breaking down the exact steps he took to build wealth at a young age. His story is not just empowering, it is a practical guide for anyone ready to take control of their financial future.

Advertisement

From Struggles to Success

Isaac grew up in Lagos in a home where things were once comfortable. Then everything changed. His father lost his job, and his family had to sell nearly everything to survive. One moment, there was stability. The next, uncertainty. But instead of accepting struggle as his future, he watched his mother turn nothing into something by starting a small business. That lesson stuck with him. He realized that when life gets tough, you can either give up or fight back. He chose to fight back.

At 18, he wrote and published his first book, which led to his first job at Genevieve Magazine. The salary was ₦40,000, but instead of spending recklessly, he saved. That simple decision set him apart.

READ ALSO: PICTORIAL: NAFDAC Uncovers Counterfeit Drugs, Expired Condoms Repackaged For Sale At Lagos Market

Advertisement

Lessons That Changed Everything

Start where you are. Isaac had no money or connections, but he had skills. His writing landed him a job, and that job opened doors. You don’t need the perfect opportunity, just a willingness to start.

Master the art of saving. Most people wait to earn more before saving, but Isaac did the opposite. He saved 50 percent of his income, even when it was tough. When his salary doubled within a year, he still maintained his saving habit instead of upgrading his lifestyle.

Leverage relationships and side hustles. Working at Genevieve Magazine allowed him to meet influential people. Instead of just admiring them, he turned those connections into opportunities. He registered a company, started handling PR for celebrities, and launched a blog that earned money through Google Adsense.

Advertisement

Invest in things that grow. At 21, while his peers were buying cars and spending on lifestyle upgrades, Isaac made a bold move. He took everything he had saved, added his side hustle earnings, and invested in real estate. That single decision became the foundation of his long-term financial stability.

On Founders & Fortunes, he shares the full story, breaking down every step so young Nigerians can learn and apply the same principles to their own lives. If you are looking for a clear path to financial independence, this is a must-watch.

📺 Watch the Full Interview Here: [https://youtu.be/MgXb8cwfEAk]

Advertisement

News

Edo Deputy Governor, Others, bags Africa Peace Icon Award In Rwanda

Published

on

Edo State Deputy Governor, Hon. Dennis Idahosa (Right) receiving the award.

The deputy governor of Edo state, Hon. Dennis Idahosa, has been recognised as one of the 100 most notable peace icons in Africa.

Idahosa was honored alongside other prominent Nigerians and Africans at the recently concluded 100 most notable Africans leadership and business summit held in Kigali, Rwanda.

Advertisement

The event celebrated individuals recognised as the “100 most notable peace icons in Africa” for their impactful contributions to nation-building and peace promotion across the continent.

Other notable awardees included Umar Namadi, the governor of Jigawa state, Imane Kendili, the chief executive officer (CEO) of African Global Health in Morocco; Nicaise Ndembi, regional director at the Institute of Human Virology, University of Maryland School of Medicine; and Ibrahim Zanna.

READ ALSO: Edo Deputy Governor, Idahosa Preaches Unity As Honour For Martyrs Of June 12

Advertisement

The list of honourees also featured personalities such as Mthuli Ncube, Pedzai Scott Pakupwanya, Torhile A. Uchi, and Angel Nationota, among others.

Kingsley Amafibe, project director for Africa for the awards, said the recognition was to encourage recipients to continue leveraging their platforms to foster peace and development in Africa.

Amafibe said the continent’s progress depends heavily on peace and stability, urging collective efforts to strengthen unity and brotherhood.

Advertisement

The awards attracted a diverse group of leaders from various sectors, including politics, academia, health, and business.

Advertisement
Continue Reading

News

Mohbad: Coroner Recommends Prosecution Of Nurse For Medical Negligence

Published

on

The Coroner’s Inquest established by the Lagos State Government to investigate the circumstances surrounding the death of Afrobeats star Ilerioluwa Aloba, popularly known as Mohbad, has concluded that his demise was caused by medical negligence and has recommended the prosecution of the auxiliary nurse who treated him.

Delivering the ruling on Friday at the Magistrates’ Court in Ikorodu, the Coroner, Magistrate Adedayo Shotobi, stated that although the exact cause of death could not be medically certified due to the state of the body, available evidence points to severe reactions following an injection administered by auxiliary nurse, Feyisayo Ogedengbe.

Advertisement

I cannot certify a true cause of death, but I draw a link from the sudden reaction of the deceased after being injected by the nurse. The death is not linked to any evidence of foul play, but medical negligence, ” Magistrate Shotobi declared.

READ ALSO:VIDEO: Mohbad’s Wife, Son Receive Singer’s Posthumous Award At 17th Headies

According to the findings, Mohbad, 26, died on September 12, 2023, two days after sustaining an injury to his right arm.

Advertisement

He reportedly suffered convulsions shortly after being injected at his Lekki residence.

The inquest, which relied on the testimony of 19 witnesses, including two pathologists, noted that although decomposition affected conclusive autopsy results, expert evidence suggested that complications from the injection could have led to the singer’s sudden death.

Addressing public speculation, the Coroner said there was no direct link between Mohbad’s death and his former promoter, Azeez Fashola (aka Naira Marley), or associate, Sam Larry, despite allegations of harassment.

Advertisement

READ ALSO:Mohbad’s Father Files Appeal Against Lagos DPP’s Legal Advice

The Coroner criticised the singer’s father, Joseph Aloba, for a hasty burial without following medical or legal protocols, despite financial support from singer Davido.

She also faulted Mohbad’s wife for failing to seek proper medical intervention or report the father’s actions.

Advertisement

The late singer was failed by many institutions, including his family and the music industry,” Shotobi said.

She further called for a dignified reburial, stricter regulation of injection administration, anti-bullying policies in the entertainment sector, better emergency healthcare, and mandatory investigations into the sudden deaths of young people.

Advertisement
Continue Reading

News

What May Change As Lagos Tenancy Bill Passes Second Reading

Published

on

The Lagos State Tenancy Bill passed its second reading during plenary this week, marking a significant step forward in the Lagos State House of Assembly’s efforts to overhaul rental housing laws.

In addition to streamlining rental agreements and dispute resolution procedures, the Lagos tenancy bill seeks to reinterpret the legal relationship between landlords, tenants, and agents.

Advertisement

Titled ‘A Bill for a Law to Regulate the Relationship between Landlords and Tenants in Lagos State, Including the Procedure for the Recovery of Premises and for Connected Purposes’, the proposed legislation is expected to overhaul the legal framework governing tenancy in Lagos, one of Africa’s most densely populated cities.

If passed, the Lagos tenancy bill could bring significant changes to the rental landscape, offering tenants greater clarity on their rights and protections, while also outlining responsibilities for landlords and agents in clearer terms.

One of the most notable changes proposed is the formal structuring of rent payment options, allowing tenants to choose between monthly and yearly payment plans.

Advertisement

During plenary, Hon Sa’ad Olumoh, one of the lawmakers championing the bill, stressed that the bill seeks to bring sanity and structure to the often tense landlord-tenant relationship.

READ ALSO: Lagos Police Deploys 30,000 Officers For LG Polls

According to him, a key goal of the bill is to eliminate ambiguity in tenancy agreements, especially in areas relating to eviction notices, rent increment timelines, and agent responsibilities.

Advertisement

The Lagos tenancy bill also introduces guidelines to prevent arbitrary eviction, providing clearer legal steps that landlords must take before recovering premises. Lawmakers believe this will protect tenants from sudden displacement and abusive practices that are currently common in the informal rental market.

Hon Aro Moshood praised the bill as timely and people-centred. He advocated for an enforcement mechanism that would discipline landlords who impose exploitative rent demands or who fail to comply with legally prescribed procedures. He argued that such measures would restore fairness and balance to the housing sector.

On his part, Hon Stephen Ogundipe echoed this sentiment, describing the bill as inclusive and comprehensive.

Advertisement

He highlighted that it addresses all major aspects of tenancy—from agent engagement and rent terms to resolution of disputes—while maintaining legal fairness for all parties involved.

Hon Femi Saheed pointed out that the proposed legislation also protects landlords’ interests. He noted that it outlines landlord rights concerning tenement rates, land use charges, and other levies. More importantly, it defines the limits of tenant obligations, reducing the potential for conflict or exploitation on both sides.

READ ALSO: Lagos LG Poll: Police Re-adjust Movement Restriction

Advertisement

Another key provision in the Lagos tenancy bill is the formal regulation of estate agents. Lawmakers argued that agents have often operated in a loosely regulated space, sometimes causing friction or financial loss for tenants and landlords alike. The bill aims to standardise their conduct and hold them accountable for their roles in tenancy contracts.

Hon Ajayi Oladele emphasised the bill’s role in addressing long-standing disputes often caused by estate agents.

“For the first time, all stakeholders will have a clear understanding of their legal positions,” he stated, adding that the legislation would reduce grey areas that cause frequent conflicts.

Advertisement

Commending the bill’s emphasis on fairness, Hon Omolara Olumegbon pointed out that it also takes into account tenants’ financial planning needs. By offering flexibility in rent timelines—monthly or yearly—the bill ensures that tenants can choose what works best for them without fear of exploitation or sudden eviction.

The Speaker of the House, Rt. Hon. Mudashiru Obasa remarked on the significance of crafting a bill that recognises the economic realities of both tenants and landlords.

READ ALSO: FG To Spend N17bn On Lagos Bridge Damaged By Fire

Advertisement

He urged his colleagues to consider tenants who often rely on year-end bonuses or leave allowances to meet rent obligations.

Obasa also touched on the challenges faced by landlords, especially in the face of rising costs of building materials. He stressed the importance of rental income for many Lagosians, particularly retirees who depend on property as their primary source of livelihood.

In addition to protecting both parties, Obasa called on the government to review its housing delivery promises. He noted that an improved supply of affordable housing would ultimately ease pressure on the rental market and reduce disputes over high rent costs.

Advertisement

Following a thorough discussion, the House sent the bill to the Housing Committee for additional legislative action. The committee has three weeks to evaluate the bill and report back to the House for additional consideration.

Given Lagos’s ongoing growth and population, policymakers believe that this measure might signal a shift in the state’s rental housing policies and usher in a new era of justice, transparency, and legal protection for all parties engaged in the housing system.
(TRIBUNE)

Advertisement
Continue Reading

Trending