In a remarkable story of vision, tenacity, and unwavering commitment, Wale Tinubu and his partners at Oando, a Nigeria’s oil and gas giant have built an empire on the foundation of the number '30'.
The rise showcases the significance of the earth-shattering moment in Tinubu's business empire, which marked a defining moment in 2000 when the company made a bold move to bid for a 30% stake in Unipetrol. This strategic acquisition laid the groundwork for Oando's subsequent growth and transformation into a dominant player in the industry.
Tinubu's belief in the power of dreams and his relentless pursuit to make them a reality have 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. Their 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.
As the first indigenous Nigerian company to acquire not one, but two IOC assets a decade apart, Oando has ushered in a new era of divestment in the energy sector. The company 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 ground-breaking 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.
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.
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