Ernest Azudialu-Obiejesi, a Nigerian energy entrepreneur, is about to strengthen his position as a major player in worldwide commerce with the impending purchase of a $76 million Gulfstream G-700 jet from the manufacturer in Georgia, United States.
Azudialu-Obiejesi, the CEO and founder of Nestoil Group, a leading oil conglomerate and Engineering, Procurement, Construction, and Commissioning (EPCC) firm in Nigeria’s oil and gas sector, is preparing to expand his global reach as he prepares to execute this high-profile transaction.
The acquisition of the G-700 aircraft by Azudialu-Obiejesi demonstrates his dedication to establishing a world-class energy business.
Nestoil made a significant move in November 2022 when one of its companies signed a letter of intent to buy the G-700 aircraft.
This development is part of Azudialu-Obiejesi and Nestoil’s larger push to deepen their connection with American enterprises.
The entrepreneur is looking for partnerships and collaborations in Georgia, Texas, Louisiana, California, and other areas around the country.
These initiatives aim to strengthen Nestoil’s international presence by fostering mutually beneficial ties between the company and US businesses.
Azudialu-Obiejesi and Nestoil will become one of the first owners of the luxury Gulfstream G-700 jet if the advanced-stage transaction is completed successfully.
Nestoil is now reliant on an older Gulfstream plane, so this acquisition represents a substantial step toward operational efficiency. In addition to the cost of the new aircraft, the corporation has spent $31 million on components, maintenance, and administration for its previous plane.
The effect of Azudialu-Obiejesi stretches far beyond Nigeria’s energy sector. As the chairman and CEO of Nestoil, he is involved in a wide range of projects that contribute to the expansion and diversification of Nigeria’s business landscape.
Azudialu-Obiejesi is known for his lavish preferences, particularly his love of airplanes and his proclivity for purchasing private jets and high-end automobiles. This most recent acquisition demonstrates his constant dedication to excellence and innovation.
Notably, Azudialu-Obiejesi’s private jet was the third aircraft to land at the Anambra State Airport on its inaugural flight in 2021, demonstrating his prominent status in Nigeria’s commercial and aviation circles.
