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7 Businesses Owned by Nigerian Multimillionaire Ernest Azudialu-Obiejesi

Ernest Azudialu-Obiejesi, a well-known Nigerian businessman, is a towering figure in the country’s energy landscape, presiding over large operations in both the energy and infrastructure sectors.

As chairman and CEO of Nestoil, Azudialu-Obiejesi wields power that extends far beyond the confines of Nigeria’s energy business, spanning a wide range of initiatives.

Ernest Azudialu-Obiejesi first appeared on the economic scene in Lagos in 1983, when he founded Obijackson West Africa Limited. Since then, he has pursued a variety of projects, progressively expanding his dominance into the energy industry.

He is the unshakable leader of Nestoil, a Nigerian Engineering, Procurement, Construction, and Commissioning (EPCC) firm that oversees the country’s oil and gas industry. However, his influence extends beyond his financial prowess.

The Obijackson Foundation, an altruistic venture created in 2010, is the philanthropic arm of Azudialu-Obiejesi’s legacy.

The foundation’s programs are guided by a mission of improving socioeconomic well-being and include education, empowerment, skill development, infrastructure enhancement, and the advancement of healthcare access.

Azudialu-Obiejesi’s private plane was among the first to land at Anambra State Airport, demonstrating his diverse economic interests.

This highlights his dynamic involvement in aviation as well as regional prosperity, echoing his fundamental devotion to many realms of influence.

Ernest Azudialu-Obiejesi is the owner of the following seven businesses:

1. Neconde Exploration and Production Limited

Neconde Exploration and Production Limited, founded on October 19, 2011, is a pillar in Nigeria’s oil and gas business. Neconde is an independent company focused on acquiring and developing valuable petroleum properties. With a winning bid of $585 million, the business won a hefty 45-percent share in OML 42, a prestigious oil mining license in the Niger Delta.


2. Interwamaco Limited

Interwamaco Limited, which was founded on October 17, 2011, in Lagos, Nigeria, has emerged as a major player in waste management services. Interwamaco, which specializes in the proper collection, transportation, disposal (through landfill), and temporary storage of home, commercial, and industrial waste, plays an important role in ensuring the region’s environmental sustainability and cleanliness.


3. Nestoil Upstream

Nestoil, a Nigerian company founded in 1999, is challenging industry norms by redefining pipeline construction, maintenance, and repair standards. Nestoil’s influence spans across industries, thanks to its skilled workforce of over 2000 specialists. Beyond pipelines, the company’s competence includes critical activities such as dredging, river crossings, and shoreline protection. This all-encompassing strategy demonstrates Nestoil’s unwavering dedication to innovation and excellence.


4. Nesto Aviation Services Limited

Nesto Aviation Services (NestAv), founded in August 2013, flies as the aviation branch of the prestigious Obijackson Group, delivering safe air travel both locally and beyond Nigeria’s boundaries. NestAv services VIPs, companies, and non-scheduled clients, specializing in fixed and rotary wing flying solutions. Furthermore, NestAv plays a critical role in offshore oil and gas logistics, highlighting its vital relevance in Nigeria’s oil sector.


5. Smile Communications Nigeria Limited

Smile Communications Nigeria Limited, a subsidiary of Mauritius-based Smile Telecoms Holdings Limited (Smile Group), inspires change by pioneering 4G LTE mobile broadband networks in Nigeria, Tanzania, and Uganda. Smile provides consumers with quick data access at speeds of up to 21Mbps, boosting these regions toward development and wealth by connecting millions with excellent broadband and voice services.


6. Julius Berger Nigeria Plc

Julius Berger Nigeria Plc has been a model of expertise in the construction industry for almost five decades. The company’s complete services encompass planning, design, engineering, construction, operation, and maintenance, and its rich history dates back to the commencement of Lagos’ Eko Bridge in August 1965. Julius Berger has been a persistent presence on the Nigerian Stock Exchange since 1991, and its diversified workforce of 18,000 specialists from almost 40 countries exemplifies the company’s role as a global and local force in building and civil engineering projects.


7. Energy Works Technology (EWT)

Energy Works Technology, a private firm founded in 1999, is important in the industrial fabric of Nigeria and West Africa. EWT’s growth from a light-duty fabricator to a leading Process Equipment Manufacturer, Steel fabricator, and Oil and Gas EPCI service provider highlights its position as a critical supplier of critical industry components. This evolution reflects its commitment to innovation as well as Nigeria’s rise in the global energy market. The achievements of EWT are tied to its revolutionary influence in altering the industrial landscape of West Africa.

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