Billionaire Businessman Femi Otedola’s Clairvoyance

Exactly two years ago, billionaire businessman, Femi Otedola, proved to the world that he is indeed a genius and cognoscenti when it comes to investment and the act of making money.

When he announced that he would be quitting the oil and gas sector by selling off his shares in Forte Oil in June 2019, many business analysts saw this as a wrong move.
Reason: they could not fathom why he should quit the business that made him a household name and a business phenomenal in Africa’s business sector.

But the world-class businessman followed his intuition, and that decision is one of the best investment decisions he ever made. As a business magnate who knows his onion, he knows when to invest and when to re-invest.

Little wonder, his fans and those who know him well maintained that he still had the magic with which he turned around the moribund African Petroleum, AP, which he rechristened Forte Oil.
Besides, they insisted that Otedola must have thought it out.

As predicted, Otedola, blessed and successfully, re-jigged the company from its former declining state to a flourishing one that became a brand to beat in the sector. Barely two years after he diversified into the power business, at Geregu Power Plant, he has proved that he is the master of the game. And now, the naysayers who sneered at him then are eating their words.

Evidence that his N64.3 billion investment (Geregu Power Plant) in the energy sector is already giving his rivals sleepless nights is that the company is not only yielding good returns but has also changed the energy sector for good.

Though it looked like an impossible task initially, the brainy mogul never believes in impossibility. He approached the mission with unwavering doggedness. With great zest and determination, he reached for the moon, knowing that if his grasp missed its cusp, his hands might land on the stars. And his hands did land on the stars.

Today, Otedola has shot himself beyond the shores of this country as one of the crème of Nigeria’s league of extraordinary entrepreneurs. His success, despite all odds, is attributable to his unbinding belief that hard work pays. His seeming fairy tale may not come as a surprise to those close to him because he has over the years shown evidence of a man who is well versed in the art of making money. He knows when to throw the dice and even reinvent in a shaky business environment as true cognoscenti.