Femi otedola biography

EARLY LIFE

 

Otedola was conceived on November 4, 1962 in Ibadan, the capital of Oyo State, western Nigeria, into the group of the late Sir Michael Otedola, Governor of Lagos State from 1992 to 1993.

In the late 1980s he ran the promoting for his family’s print machine before proceeding to exchange oil based commodities.

FUEL MARKETING

Zenon Petroleum and Gas

In 2003, having distinguished an open door in the fuel retail showcase, Otedola tied down the money to set up Zenon Petroleum and Gas Ltd, an oil based goods advertising and appropriation organization.

As proprietor and executive of Zenon, in 2004 he put N15 billion in downstream framework improvement and procured stockpiling terminals at Ibafon, Apapa just as four payload vessels, adding up to a consolidated complete stockpiling limit of 147,000 metric tons.

That year he obtained an armada of 100 DAF fuel-big hauler trucks for N1.4 billion.

By 2005 Zenon controlled a significant portion of the Nigerian diese