As the dedicated Group Chief Executive of Oando Plc, he is constructing a billion-dollar enterprise in Africa while tackling significant challenges, diversifying operations, and steering his company toward a new phase of achievement and sustainability.
The evolution of Oando has paralleled changes in the operational environment, marked by international oil politics, domestic issues such as crude oil theft that adversely affect national revenue, and the divestment of upstream assets by several major International Oil Companies (IOCs). Despite these challenges, a beacon of optimism has emerged within the complex landscape of the Nigerian economy, evident to all observers.
Known affectionately as JAT, Tinubu has transformed dynamic leadership and hands-on management into a refined practice. He is revitalizing confidence in the Nigerian upstream petroleum sector through a blend of innovative strategies and resourcefulness aimed at enhancing industry vibrancy and capacity utilization.
The growth of Tinubu and Oando has been entirely organic. Oando resembles a vast narrative with numerous chapters, and Tinubu feels profoundly appreciative of his pivotal role in this unfolding story. By the age of 30, he had already established himself as a leading figure in Nigeria’s burgeoning oil and gas industry.
In 1994, Tinubu co-established Ocean and Oil Services Limited in collaboration with Omamofe Boyo and Onajite Okoloko. Initially functioning as a trading entity, the company focused on the export of Nigerian petroleum products. Under Tinubu's leadership, this modest oil trading firm evolved into Africa's foremost indigenous energy solutions provider, achieving a listing on the Nigerian Stock Exchange and becoming the first African company to secure a cross-border inward listing on the Johannesburg Stock Exchange.
From these modest beginnings, Tinubu has established himself as one of Nigeria's most respected dealmakers, positioning himself at the forefront of the nation's oil industry. His track record speaks volumes. Since making a significant move in 2000 with the acquisition of Unipetrol, he has engaged in numerous bold transactions that only someone of his caliber could undertake.
Consequently, many industry experts and admirers find it absurd to label the oil magnate merely as a favored relative of Nigeria’s President, Bola Tinubu. Those within his close circle readily attest to his remarkable capabilities. While his uncle may lead the nation, there is no substantial evidence to suggest that the Oando executive is receiving any preferential treatment.
According to Society Watch, Tinubu is set to commemorate three decades of Oando's achievements in December 2024, celebrating with grandeur and elegance.