The seventh and the last entrepreneurs for this episode were the siblings Nuyin and Damilola, who came to raise 30 million naira in exchange for 40% equity in their “24-hour Electrical and Electronics Repair Centre”, that could provide solutions to every electrical need within Lagos once the customer dials their company. According to them, once the call is intercepted, a mobile- electrician within the vicinity of the call will be dispatched with a van containing ALL electrical spare parts that could be used to fix a wide-range of electrical and electronics products on the spot, without returning to their base to source for more parts. Despite the fact that they had more than 400 competitors in this field of business, the siblings were convinced that they could be number one in this field of business, because they would be able to provide on-the-spot repairs anywhere, anytime, with all imaginable spare parts stocked in their vans. John Momoh was able to prove to the siblings that it was impossible to have every bit of electrical accessories in the van. However, what cost them any interest the dragons might have had in their business idea was the fact that they had omitted a very crucial document in their business plan; they had omitted to budget for the marketing and advertising of this idea.

The dragons opted out, but encouraged the siblings to do more work, and the idea may become a huge success. Ibukun Awosika, Chris Parkes, and Tokunboh Ishmael offered the siblings an opportunity to return for more talks with them when they’ve prepared a more functional business plan-opening their doors to the siblings for more business talks.

The dragons did not invest, but there’s hope for Nuyin and Damilola that they could sway the dragons to part with the money they require.

So far, for 5 weeks, Dragons Den Nigeria has empowered young entrepreneurs across Nigeria with the business advice that spew forth weekly from 5 amiable, experienced, and successful business men and women selected from various sectors of the Nation’s economy. However 2 entrepreneurs have already secured investments from the dragons. In episode 2, Yusuf from Abuja got an investment of 10 million naira in his business “Naijacities.com”, a mobile city directory; while in episode 4, Alsu Odewinge received 3 million naira investment for her “Start-Up City” business, a company that sought to empower start-up entrepreneurs with the knowledge to successfully run their business.

Keep dreaming…the dragons are here to make your dreams come alive!

–The Den Sweeper.