Billionaire businessman, Femi Otedola has been named āInvestor of the Year 2024ā by The Nation Newspaper. The newspaper cited the performance of two of his companies, Geregu Power and FBN Holdings as the basis for his recognition.
According to The Nation newspaper, Otedola @femiotedola was named Investor of the Year due to the reforms he instigated in FBN Holdings and the stock market performance of his power company, Geregu Plc.
āFrom his dramatic emergence as the Chairman of FBN Holdings Plc to reforms which translated into exciting returns for the investors in 2024, Femi Otedola was a toast of the investing public in 2024.Ā Ā
With Geregu Power Plc, which he listed in 2023, sustaining its bullish run, Otedolaās positive impact on FBN Holdings consolidated his profile as a turnaround entrepreneur.
Analysts said no other Nigerian investors came close to the billionaire investor in meriting the award of the Investor of the Year for 2024.ā The Nation said.
The paper also described Otedolaās influence in the capital market āas a Midas touch that transformed FBN Holdings and Geregu Power into glittering beacons of prosperityā rewarding investors in both companies with higher return on investment.