Episode 4 of Dragons’ Den Nigeria progressed like a ricochet from the previous episodes, with the dragons as gallant as the veteran entrepreneurs that they are, mentoring young and ambitious entrepreneurs – schooling them in the art of business presentations. In this episode, the dragons succeeded in throwing more light on the concepts of creativity, imagination, personality, and the role they play in enhancing the viability of a business idea.  Let’s not forget that history was made  again today in the den? But at the same time, we’ll  have to judge  who crossed the borderline of confidence to the island of being cocky. Let’s traverse through the rejected business ideas to the idea that made  two dragons swoon-figuratively of course.

The first entrepreneur to face the dragons was Thomas Okoye, a calm and almost taciturn young farmer from Benin City who came in search of a 3 million naira investment in exchange for 60% equity in his farm business. He was hoping to expand his animal farm to include the production of organic manure, cat fish farming etc. He informed the dragons that he’d been in the business for about 4-5 years already, and that he’d made a turn-over of 1.8 million naira, and 2.2 million naira in the first and second years of operation respectively. Further explaining that in the first year he made a profit of about 800, 000 naira and in the second he made a profit of 900, 000 naira after a little plough-back.

However, during the course of his presentation, he stated that the business was owned by his mother, but controlled by him- this revelation was a bit unsettling for the dragons, “if we make this investment today, we’re investing in your mother, and not you?” Ibukun Awosika had pointed out. However, his power conservation mechanism sounded impressive to Femi Tejuoso, but Alexander Amosu decided to opt out early because he had no confidence in the business. Ibukun Awosika opted out because she felt that Thomas wasn’t 100% in charge of the business, coupled with the fact that she had no strong interest in the business he was proposing. The rest of the dragons soon opted out on the basis that the entrepreneur did not exhume the right amount of confidence required to attract an investment in his business.