Wale Tinubu Applauds Otedola and Elumelu for Multi-billion Naira Power and Oil Deals in Nigeria

Wale Tinubu, the CEO of Oando Plc (NGX: OANDO), commends Femi Otedola and Tony Elumelu for sealing major transactions in Nigeria's power and oil sectors. The deals involve the acquisition of Geregu Power Plc (NGX: GEREGU) for N1.08 trillion and Elumelu's Heirs Energy gaining a 20.07% equity stake in Seplat Energy Plc (NGX: SEPLAT).

Tinubu lauds the strategic and disciplined decisions made by Otedola and Elumelu, signaling a long-term commitment to African ownership and a belief in the continent's energy future. These transactions are seen as defining moments that will reshape the energy landscape in Africa.