Jubril Adewale Tinubu celebrates one year since the historic NAOC acquisition, reshaping Nigeria’s energy sector and boosting national economic growth
Jubril Adewale Tinubu has firmly established himself as a transformative force in Nigeria’s oil and gas industry.
Also read: Jubril Adewale Tinubu wins investor of the year for landmark $783m Agip acquisition
Exactly one year ago, the Oando Group CEO made history by acquiring 100 percent of the Nigerian Agip Oil Company (NAOC) from Italian energy giant Eni, marking a turning point in the nation’s energy landscape.
Speaking about the acquisition, Tinubu described it as “the culmination of 10 years of hard work, resilience, and an unwavering belief” that the ambition could be realized.
“It is a win not just for Oando, but for every indigenous energy player as we take our destiny into our hands,” he said.
The acquisition has not only cemented Oando’s position as an industry leader but has also significantly reshaped Nigeria’s oil and gas sector.
Over the past year, the company has achieved remarkable milestones: long-dormant pipelines have returned to service with uptime consistently above 90 percent, and critical assets across four states including twelve flow stations, two power plants, and one of the largest gas processing hubs in Nigeria are now delivering uninterrupted value.
Tinubu attributes this success to collaboration and dedication: “None of this happened by chance. It took the trust of investors, financiers, regulators, host communities, and the unwavering commitment of the Humans of Oando.”
He praised the team for their audacity, resilience, sacrifice, and passion, emphasizing that “the future is bright.”
Over three decades, Jubril Adewale Tinubu and his partners have maintained Oando’s preeminence in the sector by constantly innovating and providing value-added services through the company’s many subsidiaries.
Also read: Wale Tinubu named GCEO of the year at 2024 Energy Times Awards
This milestone year is a testament to their vision and relentless effort to drive national development and economic growth.
