xecon.dev / 234 · Nigeria / Xcelerators / Femi Otedola

Xcelerator · Person

Femi Otedola

Geregu Power Plc & First Power

Power Generation, Real Estate, Energy Investments

Signal

Region
Nigeria
Industry
Power Generation, Real Estate, Energy Investments
Source file
profiles/nigeria_business_people.md:148
Status
published

Economic impact

Acquired a majority stake in the 414-megawatt Geregu Power Plant in 2013 through Amperion Power Distribution Limited during the privatization of the Nigerian power sector; listed Geregu Power Plc on the Nigerian Exchange (NGX) in October 2022 with a market capitalization exceeding ₦250 billion. Serves as Chairman of Geregu Power and was appointed Chairman of the Board of FBN Holdings Plc in January 2024. His investment vehicles hold a controlling interest in Geregu and significant equity positions in major national financial institutions.

Sources

  1. Wikipedia
  2. Msn
  3. Premium Times
  4. Naijajournalist
  5. Naijapreneur
Last updated: 5/27/2026 by xecon desk corrections@xecon.dev