Nigerian energy mogul Wale Tinubu often speaks about scale and patience in the same breath. In a recent post on X, formerly Twitter, the Oando Plc chief executive revisited a decision made more than 20 years ago that still shapes how he views capital and risk.
In 2001, Oando committed N1 millionworth less than 9,000 at the timeto a small gas business that would later be known as Axxela. Sixteen years later, when Oando sold the company, that modest cheque had grown by more than 33,000 times into an enterprise valued at 300 million, a figure that has since climbed further following a new exit completed in 2026.
Tinubu reflects on Axxela journey
