Born on March 31, 1977 in Ibadan, Oyo State, Nigeria, Otunba Akin Alabi is an entrepreneur, investor, politician, bestselling author of Small Business Big Money and founder of Nigeria’s first sports betting company, NairaBET. He holds a Masters degree in Marketing from the University of Liverpool, United Kingdom and a certificate in Intellectual Property from Harvard University, Boston, United States.
Akin Alabi’s career in business took off in 2003 when he started writing and selling books, manuals and other information products. He eventually launched his own seminar and training company specializing in teaching and consulting for other young people starting their own small businesses. The idea for NairaBET was birthed when he visited the United Kingdom to see his brother and went to a sports betting shop. He figured out that it was a business venture that would thrive in Nigeria, given that it hadn’t been tapped yet, and he created an information manual about it and sold it online. The success of the product prompted him to start his own online sports betting platform in Nigeria, NairaBET, which is now worth millions of dollars.
His business ventures also extend into the Nigerian entertainment industry. He is the founder of Nightlife.NG, an online portal that showcases and reports the nightlife industry in Nigeria and he is the owner of the record label, Over The Top Entertainment to which the singer Skuki is signed. He is also the founder of Akin Alabi Foundation, an NGO aimed at improving the wellbeing of the average Nigerian and which has recorded successful projects like building and donating classrooms to primary schools, sinking of boreholes in areas where there is scarcity of water, financial empowerment of widows and a free business and career building event called Youth Enterprise Conference, held annually at Eko Hotel and Suites, Victoria Island, Lagos.
On October 4, 2018, Akin Alabi emerged as winner of the APC House of Representative ticket for Egbeda/Ona Ara Federal Government constituency, Oyo State. He had previously announced that he would be stepping down as CEO of NairaBET in order to concentrate on his political campaign. He later contested and won the seat in February, 2019.
Akin Alabi is married with children. He is a fan of Shooting Stars Sports Club (3SC) of Ibadan which is sponsored by NairaBET. He is also a season ticket holder of Manchester United club of which he is a huge fan.
He is also known for giving us these nuggets:
1. “Live within your means but continually work on expanding your means.”
2. “I am not going to train my daughter to see marriage as the most important thing. I will let her value health, education, career, finances and other things over marriage. Finding a good man as a partner forever will be icing for her and not the cake itself. She is the cake.”
3. “There is no latecomer in the world of successful people. Rich people don’t say, ‘no, I can’t be your friend because you succeeded late.’ There is room at the top. The gate never closes.”