Nigeria’s Downstream Top 10: Adenuga, Tinubu, Dantata, Ogah Lead the Pack
The Top10 magazine, Nigeria’s foremost publication that celebrates the top of the best in all areas of endeavor, has come out with a list of Nigeria’s top 10 indigenous oil tycoons fueling the country, under the title, “Nigeria’s Downstream Top 10”.
The latest edition of the magazine focuses on the top 10 players in the downstream sector of the Nigerian oil and gas industry, with emphasis on their stakes and investments in the sector.
Top on the list are telecom and oil magnate, Dr. Mike Adenuga, Chairman, Conoil Nigeria Plc; Wale Tinubu, Group Managing Director, Oando Plc; Sayyu Dantata, Group Chairman, MRS Holding, owners of MRS Plc; Femi Otedola, Chairman, Forte Oil and Zenon Oil and Uche Sampson Ogah, Founder of Masters Energy Oil and Gas, a subsidiary of Masters Energy Group.
Others on the list are Dapo Abiodun, Founder, Heyden Petroleum Nigeria Limited; Best Anekwe, Chairman of NIPCO; Gabriel Ogbechie, Chief Executive Officer, Rainoil Nigeria Limited; Nkechi Obi, Executive Vice Chairman, TechnOil Nigeria Limited and Mahmud Tukur, Managing Director and Chief Executive Officer, Eterna Oil Plc.
Mr. Tony Iji, publisher of The Top10, said in a release that, “In line with our tradition of celebrating 10 leading lights in every sector of the society, this edition of the magazine focuses on the top 10 Nigerian oil investors driving the value chain of the downstream sector of the industry”. He said the major criteria for selection were market leadership of the operators, investment in infrastructure, as well as contribution to industry growth and economic development of Nigeria.
“It’s our considered view that the aspiration of the federal government to make petroleum products available across the country would have been a mirage without the necessary cooperation and collaboration of the downstream operators who have invested massively in all areas of the downstream operation to ensure product availability”.
He said as the primary driver of the Nigerian economy, the oil sector deserves special attention, hence the decision to celebrate investors who represent a positive force towards the actualization of the aspiration of value chain optimization through investment in the industry.
“Our intention, therefore, is to identify and celebrate the top 10 market leaders who have made the difference in the optimization of the Nigerian downstream petroleum value chain”, Iji said. “These market leaders comprise oil tycoons with huge stakes and massive investments to build enormous operating capacities in various aspects of the business, fr0m processing and storage, to distribution and sales”.