Wale Tinubu, Group Chief Executive Officer of Oando PLC and foremost energy solutions provider is indeed a wizard in his field. For a business man whose story in the corporate world reads like a fairy tale, this obviously is a turning point in a career that had sailed smoothly and untainted for many years.
Without any doubt, the Oando boss, represented everything good and progressive in business for many years. He stood shoulder high among his peers and competitors and was easily a reference point on issues of best practice and excellence. In the oil and gas industry where he is a big player, he received accolades and awards from far and near. He was also recognized for courage, ingenuity and hard work in business. So, when he promised Oando shareholders at the beginning of 2018 that; he would move the leading Oil and Gas Company to an enviable height, many did not doubt his competence. He always delivered far above expectation and today, he has not only fulfilled his promise, he has lifted the company far above its competitors. It was gathered that the company profit has increased from 19.8 billion naira in 2017 to 28.8 billion naira, an increase of 46% compared to the same period in 2017. What else can you give to man like Tinubu that walks he talk? But Kudos. He is has always showcasing his wizardry in the sector. It was also revealed shrewd businessman who is a glittering star in the business firmament, however, is not resting on his oars. Tinubu, as gathered is globetrotting and rubbing shoulders with other top oil magnates across the world. The company according to the report also hinted at the possibility of expanding across Africa, while maintaining operational efficiency.
“Our upstream business will continue to pursue production growth initiatives through strategic alliances, whilst ensuring operational efficiency and fiscal prudence. Our trading business will continue to solidify its position in Nigeria and carry out growth initiatives, whilst exploring opportunities for expansion across Africa. The group as a whole remains focused on driving profitability via growth in our upstream business and achieving further reduction of borrowings to ensure value accretion to shareholders."