Home » 7 assets owned by Nigerian multimillionaire Ernest Azudialu-Obiejesi

7 assets owned by Nigerian multimillionaire Ernest Azudialu-Obiejesi

by Feyisayo Ajayi
Ernest Azudialu-Obiejesi

Renowned Nigerian businessman Ernest Azudialu-Obiejesi stands as a towering figure in the nation’s energy landscape, presiding over significant operations within both the energy and infrastructure sectors.

Leading the charge as chairman and CEO of Nestoil, Azudialu-Obiejesi wields influence that reverberates well beyond the boundaries of Nigeria’s energy industry, spanning a multifaceted realm of endeavors.

Emerging onto the business scene with the inception of Obijackson West Africa Limited in Lagos in 1983, Ernest Azudialu-Obiejesi embarked on a trajectory of diversified ventures, gradually expanding his dominion into the energy sector.

Spearheading Nestoil, a Nigerian Engineering, Procurement, Construction, and Commissioning (EPCC) enterprise, he runs the nation’s oil and gas industry with unwavering resolve. Yet his impact resonates beyond his economic prowess.

The philanthropic arm of Azudialu-Obiejesi’s legacy shines brightly through the Obijackson Foundation, an altruistic endeavor founded in 2010.

Guided by a vision of bolstering socioeconomic well-being, the foundation’s initiatives span a spectrum encompassing education, empowerment, skill cultivation, infrastructure enhancement, and the advancement of healthcare access.

A testament to his broad business interests, Azudialu-Obiejesi’s private jet took its place among the inaugural landings at the Anambra State Airport.

This underscores his dynamic involvement in both aviation and regional progress, echoing his profound commitment to diverse spheres of influence.

Ernest Azudialu-Obiejesi owns the following seven assets:

  1. Neconde Exploration and Production Limited: Neconde Exploration and Production Limited, established in Lagos on October 19, 2011, stands as a cornerstone in Nigeria’s oil and gas sector. Operating as an independent entity, Neconde is dedicated to acquiring and developing valuable petroleum assets. The company secured a substantial 45-percent stake in OML 42, an esteemed oil mining license nestled in the Niger Delta, through a triumphant bid of $585 million. 
  1. Interwamaco Limited: Interwamaco Limited, established on Oct. 17, 2011, in Lagos, Nigeria, has emerged as a leading force in waste management services. Specializing in the responsible collection, transportation, disposal (via landfill), and temporary storage of domestic, commercial, and industrial waste, Interwamaco plays a crucial role in upholding environmental sustainability and cleanliness within the region.
  1. Nestoil Upstream: Nestoil, a Nigerian enterprise established in 1999, boldly reshapes industry norms by revolutionizing pipeline construction, maintenance, and repair standards. With an adept workforce exceeding 2000 professionals, Nestoil’s influence reverberates across diverse sectors. The company’s expertise extends beyond pipelines, encompassing vital operations such as dredging, river crossings, and shoreline protection. This holistic approach underscores Nestoil’s unwavering commitment to innovation and excellence.
  1. Nesto Aviation Services Limited: Founded in August 2013, Nesto Aviation Services (NestAv) soars as the aviation arm of the esteemed Obijackson Group, providing secure air travel both domestically and beyond Nigeria’s borders. Specializing in Fixed and Rotary Wing flight solutions, NestAv serves VIPs, corporations, and non-scheduled clients. Moreover, NestAv plays a pivotal role in supporting offshore oil and gas logistics, underscoring its integral position within Nigeria’s oil sector.
  1. Smile Communications Nigeria Limited: Smile Communications Nigeria Limited, an entity under the umbrella of Mauritius-based Smile Telecoms Holdings Limited (Smile Group), sparks transformation through pioneering 4G LTE mobile broadband networks across Nigeria, Tanzania, and Uganda. With speeds reaching an impressive 21Mbps, Smile empowers users with rapid data access, propelling these regions toward development and prosperity by connecting millions with optimal broadband and voice services.
  1. Julius Berger Nigeria Plc: For more than five decades, Julius Berger Nigeria Plc has stood as a paragon of expertise within the construction sector. With a rich history dating back to the inception of Lagos’ Eko Bridge in August 1965, the company’s comprehensive services span planning, design, engineering, construction, operation, and maintenance. A stalwart presence on the Nigerian Stock Exchange since 1991, Julius Berger’s diverse workforce of 18,000 professionals hailing from nearly 40 nations epitomizes its role as a global and local force in building and civil engineering endeavors.
  1. Energy Works Technology (EWT): Energy Works Technology, a private entity established in 1999, is notable in Nigeria’s and West Africa’s industrial fabric. From its origins as a light-duty fabricator, EWT’s evolution into a paramount Process Equipment Manufacturer, Steel fabricator, and Oil and Gas EPCI service provider underscores its ascent as a pivotal supplier of essential industry components. This evolution mirrors its dedication to innovation and Nigeria’s ascendancy in the global energy market. EWT’s accomplishments are linked to its transformative role in shaping West Africa’s industrial landscape.

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