One year ago, when Oando Plc finalized its acquisition of the Nigerian Agip Oil Company (NAOC), the move was hailed as a daring play that could reshape Nigeria’s oil and gas landscape. Today, the results are clear: the gamble has paid off.
Pipelines that once lay dormant are now running at over 90 percent uptime. Twelve flow stations, two power plants, and one of the country’s largest gas processing hubs — spread across four states, have been brought back to life, delivering uninterrupted value to Oando’s stakeholders. The deal has effectively doubled the company’s portfolio and cemented its position as one of the most influential indigenous players in the sector.
“This is one of the most successful transitions we’ve seen in recent years,” said, an energy economist based in Lagos. “By reviving long-idle infrastructure, Oando is not just growing its balance sheet; it is strengthening Nigeria’s energy security at a critical time.”
For Oando, the milestone reflects more than just numbers. It represents a collective effort, from investors and financiers who backed the deal, to regulators who provided oversight, to host communities that offered support, and above all, to the company’s workforce, proudly known as the Humans of Oando.
For Wale Tinubu, Group Chief Executive of Oando Plc, the achievement is more than a business win — it is a validation of belief in people and partnerships.
“A year ago, many questioned whether we could execute a transition of this scale,” Tinubu said. “Today, the performance of these assets speaks for itself. We’ve not only doubled our portfolio, but we’ve proven that with the right people, resilience, and vision, Nigerian companies can deliver results that match global standards.”
Tinubu credited the success to collaboration across the value chain — from financiers and regulators to host communities and Oando’s workforce, known as the Humans of Oando.
“The real heroes of this story are our people. They showed up every day with commitment and precision to bring dormant infrastructure back to life. Their resilience is the heartbeat of this success, and they have set the tone for the future we are building.”
Company insiders describe the past year as one defined by resilience and relentless execution. “It took audacity, sacrifice, and passion to deliver this transition,” said an Oando executive. “The Humans of Oando showed up every day with precision and commitment. That’s what made the difference.”
Industry observers also view the acquisition as a blueprint for indigenous participation in Nigeria’s oil and gas sector. Professor Adewale Ogunleye, a petroleum engineering scholar at the University of Port Harcourt, noted:
“Historically, many assets in Nigeria have been underutilized or mismanaged. Oando’s success with NAOC demonstrates the potential of local operators to manage large-scale assets effectively and create value where it was once lost.”
Beyond the operational achievements, the deal carries symbolic weight. It signals a shift in the balance of ownership and control within the industry, as Nigerian companies step up to take on roles previously dominated by international oil majors.
As Oando marks this one-year anniversary, the company insists the journey has only begun. With revitalized assets, strengthened investor confidence, and a motivated workforce, it is looking ahead with bold ambitions to play a bigger role in Nigeria’s energy future.
“The future is bright,” Oando said in its reflection. “And we are just getting started.”
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