A Review of the Nigerian Energy Industry

Wale Tinubu clinches ‘Africa Executive of the Year’s award in Paris

26 June 2015, Lagos – The Group Chief Executive Officer of Oando Plc, c, on Wednesday received the ‘Africa Executive of the Year’ award at the third edition of the Oil and Gas Council’s 2015 Africa Assembly Award dinner, which was held at the InterContinental Le Grand, Paris, France.

Mr. Wale Tinubu

The award recognises the contribution of individuals in leadership positions and excellence in the African oil and gas industry.

Oando said in a statement Thursday that Tinubu was unanimously chosen as the “African Business Executive of the Year” in recognition of his pioneering leadership within Africa’s Oil and Gas sector.

According to the statement, under Tinubu’s direction Oando has steadily increased its operational activities following its strategic and much-lauded landmark $1.56 billion acquisition of ConocoPhillips Nigeria.

With this audacious acquisition, the statement noted that the company has created Nigeria’s first indigenous major, thus crystallising the emergence of local home-grown companies in the upstream sector.

In his acceptance speech, Tinubu was quoted as saying
that the accolade was testament to the collective organisational belief at Oando in the tenets of entrepreneurship, innovation, and perseverance.

“I am extremely humbled by this achievement, and it serves as further motivation to keep evolving, whilst creating opportunities, surpassing our milestones, and strengthening Africa’s active participation in the global marketplace,” Tinubu added.

The award is the second received by Tinubu this month, having earlier been recognised on June, for his entrepreneurial achievements and inducted into the Ernst & Young’s World Entrepreneur of the Year Academy in Monte Carlo, Monaco.

Oando is one of Africa’s largest integrated energy solutions providers and also one of Nigeria’s largest oil and gas producer, with daily output of 55,000 barrels of oil equivalent per day (boepd).

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