Prince Eludoyin's Influence on Nigeria's Security Landscape

Prince Eludoyin, the chairman of Paragon, is shaping Nigeria's security and power landscape, particularly through his influence in the oil industry and political circles. His reach became evident in early 2025 when he was a primary architect behind the appointment of Bayo Ojulari as head of the Nigerian National Petroleum Company Limited (NNPCL), successfully outmaneuvering rival candidates backed by billionaire power brokers.

Eludoyin also lobbied for Rel Famadewa to become a special advisor on internal security within Abuja's power corridor. Famadewa is viewed as a top candidate to succeed Nuhu Ribadu as the national security advisor, replacing Olubunmi Tunji Ojo, who plans to step down to run for governor of Ondo State.

Eludoyin argues that economic strains directly drive social unrest and national insecurity, advocating for access to 20 world leaders to lobby for international debt relief and attract $10 billion in foreign direct investment, particularly from Chinese multinationals. Critics warn about the growing role of businessmen in sensitive state structures, raising questions about transparency and accountability.