Business
Oando Group Chief Executive Officer Adewale Tinubu Delivers Inspiring May Day Tribute To Nigerian Workers
Oando Tinubu Workers’ Day message highlights Adewale Tinubu’s praise for Nigerian workers’ resilience and call for improved workplace culture and growth
Group Chief Executive Officer of Oando Plc, Adewale Tinubu, has issued a commendation to Nigerian workers on the occasion of the 2026 Workers’ Day, describing them as vital contributors to economic stability and national development.
Also read: Wale Tinubu Leads Oando’s global energy expansion
Oando Tinubu Workers’ Day message was contained in a statement released to mark the annual celebration, where he praised the resilience, professionalism, and dedication of workers across multiple sectors of the economy.
Tinubu stated that labour remains the foundation of sustainable growth, noting that no thriving economy can exist without the consistent efforts of its workforce.
He emphasised that Oando Plc’s position as one of Africa’s leading indigenous energy companies is strongly linked to the commitment and discipline of its employees, who ensure continuous operations across its value chain.
According to him, workers play a central role in driving energy delivery systems, maintaining operational efficiency, and sustaining productivity under demanding conditions.
Tinubu also used the occasion to call for greater responsibility from employers and institutions, stressing the importance of creating work environments that encourage growth, innovation, and employee well-being.
He reaffirmed Oando Plc’s commitment to fostering a corporate culture rooted in excellence, inclusivity, and respect for all staff members.
Beyond the organisation, Tinubu extended appreciation to Nigerian workers nationwide, acknowledging their contributions to businesses, communities, and national development despite prevailing economic challenges.
He described Workers’ Day as not only a moment of celebration but also an opportunity to renew commitment towards improving workplace conditions and productivity.
Also read: Oando records N4.1trn revenue in 2024
Tinubu’s remarks come at a time when discussions around labour welfare and economic recovery remain central to national discourse, with workers widely seen as key drivers of future growth.
Dangote Petroleum Refinery has set its initial public offering price at ₦525 per share, with the company seeking to raise about ₦2.15 trillion as it prepares to enter Nigeria’s public equities market.
The Securities and Exchange Commission has approved the offer for 4.1 billion ordinary shares at ₦525 each. If fully subscribed, the offer would generate approximately ₦2.15 trillion, equivalent to about $1.6 billion at current exchange rates.
The offering is expected to open on 14 September 2026, according to Aliko Dangote, the president of Dangote Industries. The planned sale is positioned to become one of the largest equity offerings in Africa.
The IPO marks a significant step in Dangote Group’s plans to broaden ownership of the refinery and raise additional capital for expansion.
The refinery currently has a stated processing capacity of 650,000 barrels of crude oil per day. Dangote has said the company plans to increase that capacity to 1.4 million barrels per day as part of its longer-term expansion strategy.
The planned share sale follows a $1 billion underwriting programme completed in August, providing additional financial backing ahead of the public offering.
The refinery, located in the Lekki area of Lagos State, is one of Africa’s largest industrial projects and has become an increasingly important player in Nigeria’s fuel supply market since beginning operations.
The public offering will give Nigerian investors an opportunity to acquire shares in the refinery directly, while providing Dangote Petroleum Refinery with fresh capital to support its next phase of growth.
The company has also indicated ambitions to expand beyond its current Nigerian operations, with Dangote recently announcing plans for another refinery project in Kenya.
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