Otedola Sold Diesel From Door-to-Door Before Building Oil Company

Billionaire Femi Otedola revealed in his autobiography "Making Big Lessons in Life" that he started his oil company, Zenon Oil, by selling diesel door-to-door. He emphasized the importance of seizing opportunities and expanding to meet demand.

Otedola shared how he transitioned from buying diesel on a small scale to importing in bulk and establishing a tank farm. At its peak, Zenon Oil was making $6 million a month globally.

However, the 2009 oil meltdown caused financial difficulties for Otedola's empire, with a drop in crude oil prices and devaluation leaving the company heavily indebted. Otedola described how his fortune changed drastically, going from being a bank darling to facing immense pressure.

This story highlights the challenges and successes of Otedola's journey in the oil industry.