JOHANNESBURG/South Africa: Group Chief Executive of Oando PLC, Wale Tinubu, has been confirmed as one of the featured speakers at the forthcoming G20 African Energy Investment Forum in Johannesburg, organized by the African Energy Chamber (AEC). His participation underscores the growing influence of African energy companies in shaping investment strategies, driving economic growth, and advancing regional integration across the continent.
Under Tinubu’s visionary leadership, Oando has transformed from a trading and downstream fuel marketing business into one of sub-Saharan Africa’s most diversified and integrated energy conglomerates. The company achieved a major milestone in 2024 with its landmark acquisition of Eni’s Nigerian Agip Oil Company (NAOC), significantly expanding its upstream portfolio and consolidating its position as Nigeria’s largest indigenous oil producer.
In 2025, Oando reported strong financial results, posting a 164% increase in profit after tax to ₦210 billion for the nine months ending September, buoyed by a 59% rise in crude oil and gas production. The performance reflects Oando’s operational strength, resilience, and growing importance in Africa’s evolving energy ecosystem.
Beyond its traditional oil and gas operations, Oando is taking bold steps into the energy transition space. The company recently launched Oando Mining, a subsidiary focused on exploring lithium and other critical minerals vital to clean energy technologies. This strategic move aligns with Nigeria’s ambition to become a key player in the global supply chain for battery materials, signaling Oando’s forward-thinking approach to sustainable energy development.
Tinubu’s participation at the G20 African Energy Investment Forum aligns closely with the event’s objective of mobilizing private capital, accelerating infrastructure development, and positioning Africa as a central player in global energy investment flows. The forum will bring together policymakers, financiers, and corporate leaders to explore pathways for converting the continent’s abundant natural resources into sustainable economic growth.
“Africa’s energy narrative is rapidly changing, and the G20 African Energy Investment Forum represents a unique opportunity to showcase how far the continent has come in attracting serious investors,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “Oando’s participation highlights the strength and maturity of African companies that are not only driving production but also leading the way in the global energy transition.”
At the forum, Wale Tinubu is expected to share insights on Oando’s expansion strategy, investment philosophy, and contribution to strengthening Africa’s energy value chains. His remarks will focus on how indigenous companies can serve as anchors for investment, foster local participation, and form strategic international partnerships that unlock new opportunities for growth.
The inclusion of leading African energy executives like Tinubu at the G20 African Energy Investment Forum reinforces the continent’s increasing relevance in global energy discourse. As the world navigates the twin challenges of energy security and sustainability, the forum is positioned to serve as a vital platform for collaboration, highlighting Africa’s potential to drive inclusive growth through innovation, capital mobilization, and industrial transformation.
With companies like Oando taking the lead, Africa’s next generation of energy leaders is poised to define the continent’s future—anchored on resilience, innovation, and shared prosperity.
