A young Nigerian man identified as Fasasi Tosin Oladayo has established one of Nigeria’s biggest telecommunication equipment company, Demfas Aerosystem.
The young CEO is a third year student at Shenyang Aerospace University in Liaoning Sheng, China. Oladayo owns four patents.
His company Demfas Aerosystem is a Nigerian manufacturer of radio transmitting and receiving equipment.
In an interview, Oladayo expressed that Demfas Aerosystem is working on drones.
He said: “I’m purchasing the engine and I have transfer of technology to be able to locally produce a ground control system. I just need some funding and trust me everyone will be shocked with this in Nigeria. Basically, I just want you to know that all components are being covered by my patents, my designs, circuit and whatever. I made sure all inventions in all of my products are being covered with patents.”
Oladayo also explained how he finances his business, adding that Demfas Aerosystem is a revenue generating company with over 400 units of her products sold in foreign countries such as USA and Pakistan.
“I have a company generating revenue so I’m able to do something from my sales while also building up a brand.”