Femi Otedola (born November 4, 1962) is a Nigerian businessman, entrepreneur philanthropist, and chairman of Forte Oil PLC, an importer of fuel products. He is also the founder of Zenon Petroleum and Gas Ltd, and the owner of a number of other businesses across shipping, real estate and finance. He has recently invested in power generation as part of the liberalisation of the sector in Nigeria

Otedola was born in Ibadan, the capital of Oyo State, western Nigeria, into the family of the late Sir Michael Otedola, Governor of Lagos State from 1992 to 1993.[6]

His father was once a governor of Lagos State and she want to be governor as well. It seems Lagos State governor is now a family's affair.

In the late 1980s he ran the marketing for his family's printing press before going on to trade petroleum products

Zenon Petroleum and Gas

In 2003, having identified an opportunity in the fuel retail market, Otedola secured the finance to set up Zenon Petroleum and Gas Ltd, a petroleum products marketing and distribution company.[7]


As owner and chairman of Zenon, in 2004 he invested N15 billion in downstream infrastructure development and acquired storage depots at Ibafon, Apapa as well as four cargo vessels, amounting to a combined total storage capacity of 147,000 metric tonnes.[8][9] The same year he acquired a fleet of 100 DAF fuel-tanker trucks for N1.4 billion

Profiles adapted from Wikipedia.

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