• About Us
    • Àtẹ́lẹwọ́ Podcast
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home Opinion Opinion

Oando: The transformative power of ’30’ in Wale Tinubu’s empire

Freelanews by Freelanews
October 4, 2024
in Opinion
0
Oando Plc 30-year business journey

Olwawale Tinubu, Oando boss

His 30-year vision has transformed Oando Plc into a trailblazer in the oil and gas industry, leading with tenacity and resilience.

[dropcap]I[/dropcap]n a remarkable story of vision, tenacity, and unwavering commitment, Adewale Jubril Tinubu and his partners at Oando Plc, a Pan-African energy giant have built an empire on the foundation of the number ’30’.

Also read: Oando boss Wale Tinubu shares podium with other top executives at AAM 2024

The rise of the conglomerate showcases the significance of the earth-shattering moment in Tinubu’s business empire.

The defining moment was in 2000 when the then small start-up Ocean and Oil Services Limited made a bold move to successfully bid for a 30% controlling interest in Unipetrol Plc, a downstream petroleum marketing company in Nigeria.

That strategic acquisition laid the groundwork for Oando’s subsequent growth and transformation into a dominant player in the oil and gas industry. This was followed by the 2002’s further bid and acquisition of 60% stakes of Agip Nigeria Plc.

Tinubu’s belief in the power of dreams and relentless pursuit to make them a reality has been the driving force behind Oando’s success —even in the face of doubts and disparaging labels.

It also underscores the importance of seizing opportunities and building a brand synonymous with excellence, despite the fast-paced nature of today’s world and uncertainty in the oil and gas sector across the globe.

From a $1.8 billion acquisition of ConocoPhillips Nigeria, Oando has consistently embraced the challenges that come with being a trailblazer, emerging stronger at every step despite adversity. The conglomerate’s story is one of tenacity, resilience, and an unwavering belief in the future they envisioned, likening their journey to the rise of the phoenix from the ashes.

By 2008, Oando had become the first indigenous company with interests in producing deepwater assets via acquisition of equity in 2 oil blocks from different IOCs. That was a decade apart with Oando ushering in a new era of investment in the energy sector.

To the diabolical propagandists who swirled that Oando is enjoying favouritism from the Presidency, they should refresh their memory to know that the conglomerate’s history did not start with the current government. Tinubu, its CEO, has not stopped telling the success stories of the company since it was created 30 years ago.

“In the process, we knew there would be challenges, and there were challenges. But one thing you will learn about Oando is that we know how to battle challenges. In 2002 we did the bid, and once again, a competitive bid and we won. And when we won, we won because we knew how to acquire companies and how to manage them for value,” Tinubu said.

There is no gainsaying that Oando has taken the mantle, determined not just to lead, but to blaze a trail for others to follow, introducing a new narrative for Nigerian indigenous companies in the industry.

Oando’s groundbreaking efforts extend beyond acquisitions. The company has pioneered the nationwide private sector rollout of natural gas solutions, constructing over 320kms of gas pipelines in major cities and providing natural gas to commercial customers. They have also built a 45,000MT midstream jetty, a first of its kind in sub-Saharan Africa, to address inefficiencies and delays at the Apapa port.

Also read: We’ve put in place definitive measures to bolster our production, Wale Tinubu says

Looking into the future, it is certain that Oando and the “Humans of Oando” will play a critical role in shaping a brighter future for Nigeria. Envisioning a Nigeria where entrepreneurship and innovation solve the challenges of today, and the country seizes its destiny both onshore and beyond.

freelanews
Freelanews

Freelanews is a potpourri of news, entertainment, business, events and photos. This is no fake news.

Related Posts

Pope Francis pauses during an interview with The Associated Press at The Vatican, Tuesday, Jan. 24, 2023. Pope Francis said he hasn't even considered issuing norms to regulate future papal resignations and says he plans to continue on for as long as he can as bishop of Rome, despite a wave of attacks against him by some top-ranked cardinals and bishops. (AP Photo/Andrew Medichini)
Opinion

Culture making Africans intolerant of blessings for same-sex couples – Pope

by Quadri Olaitan
January 30, 2024
Chevron
Opinion

We’ll continue providing needed intervention in oil, gas sector – Tinubu

by Quadri Olaitan
January 25, 2024
Ahmed Tinubu 5 e1697414490546 1 jpg
Opinion

Tinubu: Nigerian youths are vibrant, ready to compete globally

by Quadri Olaitan
January 25, 2024
TINUBU 7 660x4002x jpg
Opinion

PDP lacks right to demand Tinubu’s resignation – FG

by Quadri Olaitan
February 19, 2024
Wole Soyinka Orisa Worship
Opinion

Why I prefer Orisa worship to Christianity, Islam — Wole Soyinka

by Quadri Olaitan
October 10, 2024

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

Recent News

Expert businessman giving interview at a conference, surrounded by journalists with microphones, showcasing leadership and communication skills in the professional event.

Adebayo Adelabu unveils N700bn metering plan

October 28, 2025
Kwara Cancer

Kwara cancer screening boosts early detection drive

October 28, 2025
Nestoil

Nestoil placed under receivership over $1bn debt

October 28, 2025
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025

Search

  • Trending
  • Comments
  • Latest
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
APC Second-Term Governors

APC: Second-term governors seeking immediate elective post to lose party leadership

October 15, 2025
April Wind Couture

April Wind Couture thrives in Nigeria’s tough economy with bold Ankara vision

September 12, 2025
Abdul-Muiz Olanrewaju Animashaun

Abdul-Muiz Olanrewaju Animashaun remembered with love

September 14, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
Expert businessman giving interview at a conference, surrounded by journalists with microphones, showcasing leadership and communication skills in the professional event.

Adebayo Adelabu unveils N700bn metering plan

October 28, 2025
Kwara Cancer

Kwara cancer screening boosts early detection drive

October 28, 2025
Nestoil

Nestoil placed under receivership over $1bn debt

October 28, 2025
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
October 2025
SMTWTFS
 1234
567891011
12131415161718
19202122232425
262728293031 
« Sep    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Hot!

Expert businessman giving interview at a conference, surrounded by journalists with microphones, showcasing leadership and communication skills in the professional event.

Adebayo Adelabu unveils N700bn metering plan

October 28, 2025
Kwara Cancer

Kwara cancer screening boosts early detection drive

October 28, 2025
No Result
View All Result
  • About Us
  • Contact
  • Advertisement
  • Sitemap

© 2025 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2025 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.