Energy Tycoon, Adewale Tinubu’s String of Success

FUNSHO AROGUNDADE

That billionaire businessman Jubril Adewale Tinubu is a genius when it comes to matters of investment and the art of making money is not debatable. 

The serial entrepreneur and head honcho of Oando Plc has established himself as a businessman of note that holds a special place among the class of businessmen in Africa. He is blessed with unequaled business wisdom and ingenuity to see opportunities where others see nothing. Perhaps this is the reason he is constantly in the news and always ahead of his contemporaries in the business world. 

Tinubu has proven himself as a formidable force in the energy sector and left his imprint anywhere he finds himself and placing himself atop the pecking order in Nigeria’s oil industry. 

While many businessmen are gnashing their teeth over the fluidity and uncertainty hovering over the oil terrain around the world, the year 2023 has been an eventful and blissful one for the trained corporate lawyer. Tinubu is ending the year a happy man with a lot of success stories to his credit. He has glided joyfully into the year in January with the award of the Private Sector Businessman of the Year in recognition of his enviable position as one of Nigeria’s most venerable deal makers.  

This was trailed by an audacious move of striking a deal to acquire the Nigerian Agip Oil Company (NAOC). This move gave him a resounding applause from OANDO shareholders, while stakeholders in the sector commended him for his visionary leadership and exploits.

As the year was wrapping off, Tinubu led Oando to ink an $800 million loan document with Afreximbank to facilitate the 100 per cent acquisition of the shares of Agip Oil Company. The deal was signed at the Intra-African Trade Fair (IATF) in Cairo, Egypt.

Now, the question agitating the minds of industry watchers and his admirers is what would Tinubu have up his sleeves in the coming new year.