Petrolex: Adebutu’s audacity in Nigeria’s troubled streams


By Sufuyan Ojeifo and Ariyo Dare-Atoye

Mr. Segun Adebutu, the multi-talented Nigerian business magnate, does not need to be a friend of the president or promoter of any party in power for his multi-million dollars investment in the energy landscape to flourish. That is how a nation should work.

Petrolex Group tank farm

While Nigeria’s energy sector is plagued by several problems, largely caused by the undue influence of political power players and lack of best practices, it was a comment by former President Olusegun Obasanjo at the commissioning of Adebutu’s “new wonder” – Petrolex’s multi-million dollar tank farm in Ibefun, Ogun State, last year, that should get us thinking. With Professor Osinbajo in attendance, Obasanjo urged the federal government and Nigerians to leverage on the tank farm to tackle supply and distribution of petroleum products in the country.


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