{"id":537,"date":"2025-10-13T11:22:17","date_gmt":"2025-10-13T10:22:17","guid":{"rendered":"https:\/\/yolat.com\/blog\/?p=537"},"modified":"2025-10-13T11:22:19","modified_gmt":"2025-10-13T10:22:19","slug":"yolat-build-a-business-in-nigeria-bank-free-today","status":"publish","type":"post","link":"https:\/\/yolat.com\/blog\/yolat-build-a-business-in-nigeria-bank-free-today\/","title":{"rendered":"Yolat: Build a Business in Nigeria Bank-free Today"},"content":{"rendered":"\n

When most people think of sending money abroad, they imagine a son wiring money back home, or a daughter covering school fees for her siblings. It\u2019s emotional, sometimes stressful, but always personal, according to our Yolat<\/a> data.<\/p>\n\n\n\n

For Makir, a Canadian-born entrepreneur, money transfers aren\u2019t about upkeep. They\u2019re about building businesses and data centers. They\u2019re for big, ambitious projects that require serious liquidity. And the best part about it is that he\u2019s doing all of this in Nigeria without having a local bank account.<\/p>\n\n\n\n

For a country where six in ten people are still offline<\/a> because even basic smartphones and data are out of reach, that\u2019s nothing short of a huge feat, and that\u2019s exactly why we sat down with him. To learn how Yolat became the driving force behind his story. <\/p>\n\n\n\n

So, who are you? Let\u2019s start there.<\/em><\/strong><\/h2>\n\n\n\n

My name\u2019s Makir. I live in Canada, but my business, a data center company, has expanded into Nigeria. I\u2019m not a Nigerian, so I have no NIN, no local citizenship, or anything that could help me open a local bank account. Then I discovered Yolat, and suddenly I had a way to send money in, quickly and efficiently, to keep everything running.<\/p>\n\n\n\n

Okay, so what\u2019s the most memorable reason you\u2019ve ever sent money abroad?<\/em><\/h2>\n\n\n\n

Business. Always business. Liquidity is the most important part of everything I do. Without it, civil works stall, and nothing really moves. That\u2019s the most memorable because that\u2019s what needs to be done.<\/p>\n\n\n\n

Do you have family you send money to abroad?<\/em><\/strong><\/h2>\n\n\n\n

Not really. I was born and raised in Canada; my family\u2019s all here. My transfers aren\u2019t about remittances. The money I send abroad is mainly for business and opportunities, so I\u2019m not the one using it for remittance. I’m basically using it to build factories.<\/p>\n\n\n\n

And what did it feel like the first time you sent money to Nigeria for business?<\/em><\/strong><\/h2>\n\n\n\n

Empowered. That\u2019s the word. It was like, wow, I can grow something from Canada and at the same time empower people locally in Nigeria. That\u2019s freedom. That\u2019s the kind of feeling that keeps you chasing bigger things.<\/p>\n\n\n\n

But I bet it hasn\u2019t been all smooth sailing? Was there anything challenging or surprising about it?<\/em><\/strong><\/h2>\n\n\n\n

Not at all. The biggest challenge was always: I\u2019m not Nigerian. Without a NIN, I couldn\u2019t even open a local bank account. Imagine trying to do business but being locked out of the financial system. The challenges were there, but when I use Yolat, I don\u2019t necessarily need to use a local traditional bank and that makes things easier.<\/p>\n\n\n\n

What\u2019s been your toughest experience trying to send money?<\/em><\/strong><\/h2>\n\n\n\n

The receiving end, no doubt. In Canada, sending money from one account to another is instant and easy. In Nigeria, the hard part is always getting money in from outside. And honestly, that\u2019s the exact problem Yolat solves. I feel like Yolat is answering that problem directly and with people who are more agile with technology. That makes things smooth and more efficient.<\/p>\n\n\n\n

Now, here\u2019s the big one: obligation or love? Which one drives you?<\/em><\/strong><\/h2>\n\n\n\n

It\u2019s absolutely an act of obligation because I have to keep the business running.<\/p>\n\n\n\n

Tell me one story that sums up how Yolat really helped you. A story you want everyone to hear.<\/em><\/strong><\/h2>\n\n\n\n

Before the data center was even built, I flew in from Canada to Nigeria for just some side exploration. I had to be on the ground, and I had to be moving around, booking hotels and cars. I just had to essentially make things work for me in Nigeria to do this. I don\u2019t have a bank account in Nigeria, but I had to function and get around the country as if I did. That is the story I want to tell because Yolat literally helped me be mobile in Nigeria without needing a bank account. <\/p>\n\n\n\n

I could literally function as a foreigner easily in the country with Yolat. Every day, I\u2019d log into the app, convert stablecoins on the spot, and pay whoever needed to be paid. I never had to carry wads of cash or stress about ATMs. And if I ever needed actual cash, I\u2019d just transfer to a local contact.<\/p>\n\n\n\n

That\u2019s my story, I\u2019ve been able to live and do business in Nigeria without having or needing a bank account through this app. It\u2019s very convenient. <\/p>\n\n\n\n

If you had to sum it up in one phrase?<\/strong><\/h2>\n\n\n\n

It is an empowering tool for modern-day businesses, and that\u2019s where I\u2019ll leave it.<\/p>\n\n\n\n

That\u2019s perfect. Thank you so much for your time. I\u2019m glad you\u2019re able to share your story and with other people out there.<\/strong><\/p>\n\n\n\n

Yolat isn\u2019t just for remittances. For Makir, it\u2019s the bridge that lets him dream bigger and do business conveniently in Nigeria like a local without an NIN or a bank account. <\/p>\n\n\n\n

That\u2019s how easy and convenient it is with Yolat. You don\u2019t have to stress about the small or the big things. <\/p>\n\n\n\n

Have a Yolat Money Story you want to share with us today? Send us a DM now. <\/em><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

When most people think of sending money abroad, they imagine a son wiring money back home, or a daughter covering school fees for her siblings. It\u2019s emotional, sometimes stressful, but always personal, according to our Yolat data. For Makir, a Canadian-born entrepreneur, money transfers aren\u2019t about upkeep. They\u2019re about building businesses and data centers. They\u2019re […]<\/p>\n","protected":false},"author":6,"featured_media":587,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[76],"tags":[16,78],"class_list":["post-537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-yolat-money-stories","tag-send-money","tag-stablecoins"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/yolat.com\/blog\/wp-json\/wp\/v2\/posts\/537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yolat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yolat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yolat.com\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/yolat.com\/blog\/wp-json\/wp\/v2\/comments?post=537"}],"version-history":[{"count":3,"href":"https:\/\/yolat.com\/blog\/wp-json\/wp\/v2\/posts\/537\/revisions"}],"predecessor-version":[{"id":588,"href":"https:\/\/yolat.com\/blog\/wp-json\/wp\/v2\/posts\/537\/revisions\/588"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yolat.com\/blog\/wp-json\/wp\/v2\/media\/587"}],"wp:attachment":[{"href":"https:\/\/yolat.com\/blog\/wp-json\/wp\/v2\/media?parent=537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yolat.com\/blog\/wp-json\/wp\/v2\/categories?post=537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yolat.com\/blog\/wp-json\/wp\/v2\/tags?post=537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}