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


Following 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.

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.

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.”

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.”

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