In a country where rising unemployment and inflation have dimmed prospects for many young Nigerians, a new crop of entrepreneurs is challenging the odds by venturing into industries long seen as exclusive to the elite.
Among them is 25-year-old Michael Onyeachor, whose quiet push into real estate is beginning to attract attention beyond Nigeria’s borders.
Onyeachor, a Sociology graduate of the University of Ilorin, co-founded Besitz Group in 2022 with his partner, Isa Abass Usman.
In just three years, the company has carved a presence in Abuja, Port Harcourt, and Benin City, while also serving clients across four continents. For a sector often criticised for its opacity and prohibitive entry barriers, their model signals a generational shift.
“The real estate system in Nigeria was never designed with young people in mind. Owning land seemed like an impossible dream,” Onyeachor explained.
His frustration with that reality shaped during his stints in advertising and finance laid the foundation for a company that now emphasises affordability, transparency, and inclusivity.
Besitz Group has distinguished itself by tailoring products for first-time buyers and younger investors, demographics often overlooked in conventional real estate practice. The company’s emphasis on simplicity, clear documentation, and flexible payment structures has helped it win over clients disillusioned by endless delays and hidden charges.
Yet, the journey was not without its hurdles. Launching a property firm in an unstable economy, without deep-pocketed investors or inherited wealth, meant building from the margins. Onyeachor credits teamwork and a shared vision with his partner for sustaining their progress. “Partnerships remain at the heart of what we do. That has made growth possible,” he said.
Beyond its early milestones, the group has set its sights on expansion into more Nigerian cities, with the longer-term ambition of reshaping how housing is accessed across the country. For a generation trapped between high rents and shrinking wages, such ventures present a sliver of hope.
What makes Onyeachor’s story compelling is not only the boldness of his venture but also what it represents: the determination of young Nigerians to rewrite old scripts, even in sectors where the barriers are high and the odds are stacked against them.
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