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Yesterday was indeed very informative and insightful. It was also very exciting to share our efforts through partnering with the government on several initiatives that would spur the realisation of the #7BigWins. #OandoAtNIPS #NigeriaPetroleumSummit
A good example is the Lagos midstream jetty, an idea conceived by us & launched in 2017. The jetty, first class piece of engineering that meets global standards, is the first of its kind in sub-Saharan Africa and will be of invaluable benefit to the industry and nation at large. 
The jetty will enable cost-savings within Nigeria’s downstream sector of approximately $50 million (N18.1 billion) #OandoAtNIPS #NigeriaPetroleumSummit #7BigWins
Today at the @PetroleumSummit our focus will be on the #7BigWins - short and medium term priorities to grow Nigeria’s Oil & Gas industry.
#OandoAtNIPS #NigeriaPetroleumSummit
#OandoAtNIPS #NigeriaPetroleumSummit
The "7 Big Wins" is a petroleum industry map developed by @FMPRng, consisting of 7 priorities, with an aim to develop an enabling environment that will increase growth in the Nigerian economy by maximising investment opportunities in Oil & Gas #OandoAtNIPS #NigeriaPetroleumSummit
Click on the link to learn more about the #7BigWins 7bigwins.com #OandoAtNIPS #NigeriaPetroleumSummit
Listening to delegates and speakers deliberate at #NIPS2018 yesterday further reiterated the need to discuss the opportunities and challenges of oil and gas investment in Africa. #OandoAtNIPS #NigeriaPetroleumSummit
The Presidential address by President Muhammadu Buhari who was represented by Boss Mustapha emphasised the government’s commitment to regain investors confidence #OandoAtNIPS #NigeriaPetroleumSummit
On the panel “Growth outlook and Strategies for staying competitive after a Global Downturn,” Mr. @pdurotoye, CEO of Oando Energy Resources shared on how @Oando_PLC has been able to survive the downturn.
#OandoAtNIPS #NigeriaPetroleumSummit
#OandoAtNIPS #NigeriaPetroleumSummit
During the economic downturn, we grew & turned a profit because we took the right actions.
To navigate the downturn, we adopted a Growth Deleverage Profitability approach which focused on aggressively deleveraging our balance sheet, while focusing on our $ denominated businesses
To navigate the downturn, we adopted a Growth Deleverage Profitability approach which focused on aggressively deleveraging our balance sheet, while focusing on our $ denominated businesses
which are less affected by forex fluctuations. With a focus on our 5-point agenda, we have been able to successfully reduce debt from Debt profile reduced from N473billion FYE 2014, to N237bn in FYE 2017
We restructured our debt through a N94.6bn loan facility with a 5-year Nibor + 200bps loan led by Access Bank in a syndicate with 11 other banks. We completed a 60% divestment of our downstream operations to Helios and Vitol for US$210m,
Our conversations today revolve around
1. How increased investment & industrialization, flexibility of labour markets & ensuring effective competition policies will close the skills gap & capitalize on growing FDI flows to unlock the potential for job creation &poverty reduction
1. How increased investment & industrialization, flexibility of labour markets & ensuring effective competition policies will close the skills gap & capitalize on growing FDI flows to unlock the potential for job creation &poverty reduction
Do you think there’s a correlation between increased investment and flexibility of labour and poverty reduction in Africa?
