Meet Aliko Dangote, Femi Otedola, 8 other oil and gas billionaires in Nigeria

This piece curated by News360 Nigeria enumerates top 10 experts in Nigeria’s oil and gas sector.

Nigeria’s economy has been heavily reliant on the oil and gas sector since it gives the government substantial sums of money.

In addition to generating income for the government, the oil and gas industry has helped lower Nigeria’s unemployment rate by luring foreign direct investment and opening up job opportunities for the workforce.

Different personalities have surfaced as prosperous people who flourish in this industry over time.

These individuals have managed to establish a solid reputation for themselves and oversee vast business empires thanks to their wealth and influence.

The top ten individuals with the largest stakes in Nigeria’s oil and gas sector are examined below.

1. Aliko Dangote

The founder, chairman, and chief executive officer of the largest industrial conglomerate in West Africa, the Dangote Group, is Aliko Dangote.

He graduated with a degree in business studies and administration from Al-Azhar University in Cairo. He was born in Kano State on April 10, 1957.

With his most recent project, the Dangote Refinery, he is still making enormous progress in the oil and gas industry.

As one of the biggest refineries in the world, it employs a sizable number of people and occupies a huge 6,180 acres within the vital Lekki Free Trade Zone in Lagos State.

2. Mike Adenuga

One of Nigeria’s indigenous petroleum companies, Conoil Petroleum Company was founded by Michael Adeniyi Agbolade Ishola Adenuga.

Through his oil business and Globacom, Nigeria’s second-largest telecom operator, he has accumulated substantial wealth.

Born in Oyo State on April 29, 1953, he graduated with degrees in business administration from Pace University in New York and Northwestern Oklahoma State University.

3. Femi Otedola

Olufemi Peter Otedola is a major stakeholder in Forte Oil PLC and a former executive chairman of Geregu Power PLC.

Zenon Petroleum and Gas Ltd. was founded by him as well.

Originally a British Petroleum (BP) subsidiary in Nigeria, Forte Oil is a power generation and oil marketing company with over 500 gas stations nationwide, storage depots, and an engine oil line of its own.

Although Femi Otedola is a native of Lagos State, she was born on November 4, 1962, in Ibadan, Oyo State.

He holds a degree from Ahmadu Bello University in Zaria.

4. TY Danjuma

Theophilus Yakubu Danjuma founded South Atlantic Petroleum (SAPETRO), a business with a portfolio of superior assets in West Africa, and serves as its chairman.

In addition, he is a prosperous businessman and a former minister of defense for Nigeria. He has made a sizable fortune in the shipping and petroleum industries.

He has invested in BOC Gases Nigeria, a division of BOC Holdings, a company based in the UK, which he renamed Industrial and Medical Gases Nigeria.

He was born in Takum, Taraba state, on December 9, 1938, and received his degree from Ahmadu Bello University, the Nigerian College of Arts, Science, and Technology, in Zaria.

5. Adewale Tinubu

Jubril Adewale Tinubu is a lawyer and the Group Chief Executive of Oando PLC, a company that provides integrated energy solutions across the value chain, from exploration and production to trading and distribution.

He was born on 26th June, 1967 in Lagos State and studied law at the University of Liverpool and obtained a Master of Laws degree from the London School of Economics.

Oando PLC operates in 17 African nations and is listed on the Johannesburg Stock Exchange and the Nigerian Stock Exchange.

6. Folorunsho Alakija

Vice Chair of Famfa Oil Folorunsho Alakija’s company is heavily invested in the highly productive Agbami Oilfield, which has the capacity to produce over 200,000 barrels of crude oil per day.

In addition, she is the creator of The Rose of Sharon Group, which consists of The Rose of Sharon Foundation, Digital Reality Prints Limited, and The Rose of Sharon Prints & Promotions Limited.

She was born in Lagos State on July 15, 1951, and attended Pitman’s Central College in London to pursue her studies in secretarial studies.

7. Gabriel Ogbechie

Rainoil Limited is one of the oldest oil and gas companies in Nigeria, founded by Gabriel Ogbechie, who also serves as its group managing director.

Along with these roles, he also holds shares in Eterna Oil Plc and serves as Chairman of Brent Hotels Limited, the hospitality company that manages Delta State’s Best Western Plus Wetland Hotel.

Although he was born in Lagos on May 28, 1966, he is originally from Delta State.

He graduated from the University of Benin with a bachelor’s degree in mechanical engineering.

8. Arthur Eze

The largest privately held petroleum company in Nigeria, Atlas Oranto Petroleum, is led by CEO Arthur Eze.

The company operates in Nigeria and several other African countries, including Liberia, Guinea, Gambia, Senegal, Cote D’Ivoire, Sierra Leone, Ghana, Equatorial Guinea, South Sudan, Uganda, and Liberia.

Arthur Eze was born in Anambra State on November 27th, 1948.

9. Winifred Akpani

Winifred Akpani is a chartered accountant and the founder of Northwest Petroleum & Gas Company.

She began by supplying small businesses with diesel.

Northwest Petroleum & Gas Company has contracts with international oil companies (IOCs) that operate in Nigeria for the lifting of crude oil.

In addition to being a Fellow of the Institute of Directors and the Institute of Chartered Accountants of Nigeria (FCA), Akpani graduated with a bachelor’s degree in mathematics from the University of Benin, Benin City.

10. Emeka Okwosa

The founder and chairman of Oilserve Nigeria, Emeka Okwuosa, has accomplished remarkable things in the oil and gas sector.

The company operates in several African countries, demonstrating its influence beyond Nigeria’s boundaries. It is one of the top suppliers of engineering, procurement, construction, installation, commissioning, operation, and maintenance services for oil and gas facilities in Nigeria.