NewStats: 3,265,351 , 8,186,480 topics. Date: Saturday, 14 June 2025 at 03:21 PM 5n512z

I relocated to the U.S. to start my career again after a short stint transitioning into a full-time entrepreneur, and the experience has been a lifetime experience. It was a fast-tripartite transition from a senior associate at PwC Nigeria to CEO and co-founder at Transtura to an experienced associate at PwC New York, all in one year.

We launched Transtura with a deep conviction that it was what my co-founders and I wanted. We saw a huge gap in the informal transportation value chain in Lagos State, and just like every entrepreneur, we wanted to do something about it. That is our configuration as entrepreneurs; we actively seek opportunities to solve problems.

We began to notice that the product would fail a few months after we launched, but luckily, we didn’t test the deepness of the water with both legs. The challenges were beyond what we could have foreseen. I did a SWOT analysis to identify weaknesses and threats before we launched, but I underestimated the severity of the threats in my analysis.

The challenges were enormous and unsurmountable, from NURTW to LASTMA, the Taskforce, and the Lagos State Ministry of Transportation. It was like everyone wanted us to fail for a reason best known to them. We suddenly realized that the NURTW is more powerful than we thought. Their unholy romance with the Lagos Government makes them believe they can get away with anything.

At a point, over 20% of our daily revenue was going to the NURTW, and we still couldn’t operate without unnecessary interruption. There were days our buses were impounded for hours with engers inside, and we had to make huge payments before the buses were released. Not to mention the number of times our drivers were assaulted and our buses vandalized by faceless of the union. The police couldn’t do anything after we made several reports on the incidents.

Nigerian leaders need to understand that Nigeria cannot become a prosperous country by making it impossible for young people who want to contribute to succeed. Those who told us we would fail were right, but I am happy we tried to succeed.

This post is not about giving excuses for a failed product but to encourage young people and entrepreneurs like myself who have failed to understand that there is nothing wrong in failing, especially if you fail forward.

After the not-too-good experience, I dusted my resume and started applying for roles in the Big 4 in the U.S. and I was fortunate to get an offer from PwC New York. The ability to get up from failure is the most defining attribute of every successful person.

As you start the new year, my encouragement to you is not to be afraid to start again. I challenge you to put those failures behind you and use them as a launchpad for your success. I dare you to dream again, and don’t allow your failures to be the reason you will never succeed.

https://www.linkedin.com/posts/vincentadeoba_i-relocated-to-the-us-to-start-my-career-activity-7147910125452722176-XJbJ

The ability to get up from failure is the most defining attribute of every successful person.


A qoute from my favorite book

Outwitting the devil



To better explain NURTW model of revenue collection for LGA and LASG and why Government deliberately employed agberos


1: When Bola Ahmed Tinubu GCFR took over office as Lagos State Governor in 1999, his first major challenge was insecurity, hoodlums, pickpocket, youthful unemployment


2: Tinubu needed a way to get millions of idle youth engaged in a way that skilled and unskilled, educated and uneducated youth would have something doing

3: while other state used local government Officials as revenue collectors at motor parks, Tinubu printed bulk tickets, hackney permits and other levies.

4: the Tickets are sold at reduced price to those Agberos and they are sold to Drivers in each park..

5: Government makes high IGR, Agbero makes gain from ticketing, Drivers pay their levy from the comfort of the road





.

When i saw he started a company on LinkedIn and got funding i was happy for him. Was in Nigeria late 2022 expected to see his buses at Oniru/VI axis but didn’t see any. I was wondering wetin dey sup. Moral of the story- any business Nigerian government or politicians have vested Interest in avoid it.

[quote author=QuinModah post=127771069][/quote]I respect you, more wins

ednut1:
When i saw he started a company on LinkedIn and got funding i was happy for him. Was in Nigeria late 2022 expected to see his buses at Oniru/VI axis but didn’t see any. I was wondering wetin dey sup. Moral of the story- any business Nigerian government or politicians have vested Interest in avoid it.

You very correct, guy I had type before I noticed its Ednut1, your comments are always sensible, God bless you

johnog4sure:
I respect you, more wins

[quote author=QuinModah post=127771069][/quote]

Some people are so lucky..

Others have not worked ever since the graded, some have changed many jobs and japaad.

She is blessed..

Nice!

ednut1:
When i saw he started a company on LinkedIn and got funding i was happy for him. Was in Nigeria late 2022 expected to see his buses at Oniru/VI axis but didn’t see any. I was wondering wetin dey sup. Moral of the story- any business Nigerian government or politicians have vested Interest in avoid it.

Chinedu abi Tunde, you no go kill somebody one day

franchasofficia:
Chinedu abi Tunde, you no go kill somebody one day

tunde point of correction.

Mc oloumo gangs

Ireportlive:




The ability to get up from failure is the most defining attribute of every successful person.


A qoute from my favorite book

Outwitting the devil



To better explain NURTW model of revenue collection for LGA and LASG and why Government deliberately employed agberos


1: When Bola Ahmed Tinubu GCFR took over office as Lagos State Governor in 1999, his first major challenge was insecurity, hoodlums, pickpocket, youthful unemployment


2: Tinubu needed a way to get millions of idle youth engaged in a way that skilled and unskilled, educated and uneducated youth would have something doing

No be you wey dem accuse of rape?

id4sho:
Mc oloumo gangs

Uber beat them to it. Maybe he didn't use technology properly.

Pojomojo:
Uber beat them to it. Maybe he didn't use technology properly.

Branded cars na wahala

id4sho:

Branded cars na wahala

How? Bolt is branded

God bless your hustle.

The whole Nigerian system is rigged to make anyone fail, no matter who you are, what you believe or what age you are.

Again, I say that includes everyone, even the office of the president is designed to make the president fail.

Why are you running away after voting Tinubbu? Some of you Yorubaa that voted Buhari and Tinubuu should be banned from leaving this country. You must enjoy the nonsense you voted for out of tribalism.

It will be worth it. Reach out if you need any

Are we copying and pasting LinkedIn posts for the Nairaland front page now cos there are thousands of posts to be copied?

Nairaland is gradually reducing to nothing less.

Hmmm

Most of it reeks of complaints about a failed product really.

What businesses does your company have with NURTW? As a 'senior associate' with Pwc, you and your colleagues ought to know that your profit actually comes from cutting out the NURTW from your operations.

Good luck to you in your new sojourn.

jesmond3945:
tunde point of correction.

Point of corrections…………

If u ed Emi Lo Kan it will never be welI with u anywhere u run to. Wicked people!

jesmond3945:
tunde point of correction.

Point of corrections…………

business ain't for the faint hearted in Nigeria