Elon Musk: Nigerian Businessman, Stephen Akintayo, Offers to Buy Nairaland for N1bn, Says He Means Business

Elon Musk: Nigerian Businessman, Stephen Akintayo, Offers to Buy Nairaland for N1bn, Says He Means Business

  • Real estate mogul and businessman, Dr Stephen Akintayo, has expressed interest to acquire Nigerian internet forum Nairaland for N1 billion
  • The Olabisi Onabanjo University, Ago-Iwoye graduate hinted that he had the wherewithal to take the platform to an enviable height in less than 10 years
  • Stephen spelt out how he desires to fund the acquisition, stressing that the nation cannot continue to fold its hands and watch foreigners acquire buy all tech businesses

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In the wake of the world's richest man Elon Musk's acquisition of social media giant Twitter for a staggering $44bn, a Nigerian businessman is set to tow similar lines with a local platform.

Dr Stephen Akintayo, a realtor, has openly offered to buy Nigeria's leading internet platform Nairaland for N1bn.

Dr Stephen Akintayo, Elon Musk buys Twitter, Nairaland, N1bn, real estate mogul, Nigerian businessman
Stephen said that he means business. Photo Credit: @saehfoundation, Twitter/@drsakintayo
Source: UGC

Nairaland is a leading Nigerian internet forum that was founded by entrepreneur Seun Osewa on March 8, 2005 and is one of the top 6 most visited websites in the country.

Making the announcement on his Twitter handle, the microbiology graduate remarked that people cannot continue to do nothing while foreigners take over the tech business.

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Stephen roared that he means business and is not chasing clot with his intention.

He tweeted:

"Base on this! I Am Ready to pay 1Billion Naira 20% Cash 80% Land to Buy @nairaland
"100% . Guys let’s do this! I know what I can turn this site to in less than 10Years. I Mean Business! We can’t keep waiting till foreigners buy all our tech business . #twittertakeover."

Stephen responds to why he'd rather buy Nairaland than build a platform from scratch

When countered by a netizen that his offering price was more than enough to build a platform that would beat Nairaland in no distant years, Stephen replied:

"If you did some deep thinking you would have know @elonmusk would have build @Twitter rival with less than 1billion usd but instead paid 44billion usd. We are not buying site bro! We are buying data. Social media is no License to talk without thinking."

See his tweet below:

Social media reactions

@TundeAlabi01 said:

"Dr Stephen has genuine passion in turning Narialand into a global micro blogging platform.
"I feel for growth n development of Africa, the CEO of Narialand should consider the offer.
"He might keep % of the stake,and sell majority to Dr SA , so he would always have something."

@yourOrakle said:

"If he really want to buy nairaland, he should be talking Tens of Billions not 1B, many years ago Nairaland n Linda ikejis blog where valued at over 1m dollars. For you to come years after and pls 1B means u ain't really ready!"

@AfensMichael said:

"Well said, Nairaland is worth over 2B while offering 1B money less than it's worth. Naira land is not desperate to sell. So up the offer to 10-20B dollars then you sit to talk."

Donald Trump Vows Not to Rejoin Twitter after Friend Elon Musk Buys Platform

YEN.com.gh reported earlier that former American president Donald Trump has vowed not to rejoin Twitter after his close friend Elon Musk purchased the giant communications platform in a whopping GH¢331 billion deal.

Trump had been banned by Twitter from using its platform after the civil unrest following his loss to Joe Biden in the presidential election.

The January 6 riot was over inflammatory messages aimed at Trump's supporters, some of whom broke into the US Capitol building that day.

Source: YEN.com.gh

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