Billionaire investor Femi Otedola was named “Investor of the Year 2024” by The Nation Newspaper for his transformative impact on FBN Holdings and Geregu Power Plc. As Chairman of FBN Holdings since January 2024, Otedola spearheaded reforms that revitalized the financial giant, driving a 128% rise in profit before tax to ₦610.86 billion by Q3 2024. The stock delivered a 19.11% return, peaking at ₦43.95, buoyed by his strategic vision and investor confidence.
Otedola’s leadership of Geregu Power, the first power generation company listed on the Nigerian Exchange, was equally groundbreaking. Its stock price soared by 1,050% since listing, closing 2024 at ₦1,150 per share, with a market capitalization exceeding ₦2.88 trillion. Geregu also achieved a 102% revenue increase, doubling its profit after tax to ₦24.1 billion.
Known for his “Midas touch,” Otedola implemented governance-focused reforms, attracting seasoned professionals to FBN Holdings and establishing Geregu Power as a transparency leader. These measures bolstered investor confidence and reshaped Nigeria’s corporate landscape.
Beyond business, Otedola’s philanthropy includes significant contributions to education, healthcare, and disaster relief efforts, reflecting his commitment to societal betterment alongside corporate growth. His achievements in 2024 positioned him as a standout leader in Nigeria’s capital markets, seamlessly blending profitability with purpose.
