- Strategic exits and acquisitions underscore disciplined capital allocation in the energy and banking sectors.
- Indigenous ownership continues to deepen across Nigeria’s power, gas, and oil sectors.
Nigeria’s 2026 investment outlook has begun with renewed confidence across the energy and finance sectors. The Group Chief Executive of Oando Plc, Mr Wale Tinubu, has praised leading investors for setting a decisive tone early. Notably, he commended Femi Otedola and Tony O. Elumelu for their landmark transactions, which signal clarity, discipline, and long-term intent.
In a series of public commentaries, Tinubu observed that the first working week of 2026 delivered strong momentum. He described this as a roaring start for Nigeria’s corporate space. According to him, the scale and timing of recent deals reflect a deliberate strategy rather than short-term speculation.
Tinubu highlighted Otedola’s exit from Geregu Power Plc as a textbook investment move. Previously, Otedola, through Amperion Power Distribution Limited, transformed Geregu into a highly efficient generation company. Through expansion and operational focus, the asset achieved substantial market value. Eventually, the divestment closed at a significant valuation, thereby ranking among Nigeria’s most notable power sector deals.
Importantly, Tinubu stressed that the transaction underscored disciplined investing. He explained that successful investors understand both the timing of entry and exit. Meanwhile, Otedola has strengthened his position in Nigeria’s banking sector. As a result, analysts view this shift as a balanced response to reforms and changing market conditions.
Similarly, Tinubu applauded Tony Elumelu for acquiring a substantial equity stake in Seplat Energy Plc. He described the move as a long-term bet on African ownership and governance. Furthermore, the investment aligns with Nigeria’s push for increased indigenous participation in the oil and gas sector.
Seplat has remained central to this transition. It continues to expand upstream operations while boosting domestic gas supply. Therefore, Elumelu’s investment supports energy security and industrial growth.
Tinubu also reflected on the sale of Helios Investment Partners’ and Sojitz Corporation’s stake in Axxela to BlueCore Investments. Notably, Axxela began with a modest ₦1 million investment in 2001. Over time, it evolved into a leading provider of gas infrastructure. By 2017, Oando had exited at a valuation of over $300 million. By 2026, the business nearly doubled again.
Accordingly, Tinubu emphasised patience and execution as drivers of capital growth. He expressed optimism that these deals would strengthen Nigeria’s investment outlook for 2026.