Nigerian teenager who said he started his business with N1k declares himself a millionaire at 17

A Nigerian teenager identified as Prosperity Olorunfemi has taken to LinkedIn to share the story of how he is succeeding in his business.

He has declared himself a millionaire at the tender age of 17. Prosperity said he started his business with just a token of N1,000, a testimony that has shocked many.

According to him: "So yesterday I decided to track my financial records. And I discovered that my business did a Whopping 1.1 Million Naira in total credit within 6 Months. I actually never expected that. I always estimated it to be about 500,000 Naira.

But seeing that last night, I almost got choked with joy. Taking some steps back to July when I started out with 1,000 Naira in my bank account. I'm glad to celebrate this milestone. I can proudly call myself a Self-made Millionaire at 17."

In a separate interview with Legit.ng Olorunfemi said he had trouble getting a phone when he wanted to start his business because his parents refused to provide one for him, owing to his young age.

His words:

"When I graduated from secondary school in 2019, I had a strong belief in the possibilities of earning online. But my obstacle was a phone. I couldn't get a phone no matter what I tried and my parents were also not willing at this period."

"Later in 2001, my mum handed over her used and hanging phone to me and I started up with that online.

July 2001, I borrowed money from a friend to start my own business. I bought earpods from China and sold them online to people."