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

Wale Tinubu, the CEO of Oando Plc, 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 for N1.08 trillion and Elumelu's Heirs Energy gaining a 20.07% equity stake in Seplat Energy Plc.

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.