Raheem Okoya, son of billionaire industrialist and Eleganza Group founder, Chief Razak Okoya, has sparked debate after stating that poverty is largely a product of mindset.

He made the remark during a recent livestream with content creator Carterefe, where he spoke about ambition, success and personal growth.

During the session, Raheem urged young people to rethink their approach to life, insisting that achievement begins with how one thinks.

“My brother, poverty is a mindset. So far, you are thinking on a higher frequency; you c an always achieve. Don’t limit yourself,” he said.

He further described the brain as the most powerful tool given by God and encouraged youths to use it wisely.

“In life, the brain is the most powerful tool, and God has given us that brain. It is a mindset, and if you can elevate yourself to always aspire for more…,” he added.

His comment quickly generated mixed reactions online. While some social media users agreed with his emphasis on self-belief, others argued that poverty in Nigeria is shaped by wider economic realities such as inflation, unemployment and limited access to opportunities.

Raheem has previously drawn public attention over conversations around wealth and exclusivity.

In January, he opened an upscale bowling centre in Lagos, where membership was reportedly pegged at $5,000 annually. A video that surfaced online showed him describing the amount as affordable and positioning the facility as a premium space for families and game lovers. The fee sparked debate, especially after he indicated that the club was targeted mainly at wealthy individuals.

In October 2025, he also addressed claims about inherited wealth during an interview on Wazobia FM, insisting that his earnings are based on personal effort.

“Yes, of course, I make my own money. I work and make my money. Every penny in my bank account today is based on what I do, my sweat,” he said.

He added, “I’m comfortable. It’s not like I’m where I want to be yet, but what I do can afford to feed me.”