US, UK Envoys Meet with Otedola, Discuss Investment Opportunities

United States Ambassador to Nigeria Stuart Symington and his UK counterpart Ambassador Paul Arkwright have paid separate visits to the Chairman of Forte Oil Plc, Mr. Femi Otedola, during which the parties held discussions on the Nigerian economy and the role of businesses in the country in exploring partnerships with international businesses to create more job opportunities for Nigerian youths.

At the breakfast meeting with Otedola at his Ikoyi, Lagos residence, the U.S. ambassador commended the Nigerian energy magnate for his continuing investments in the country and for being a role model for other indigenous entrepreneurs.

he American envoy drew Otedola’s attention to Nigeria’s growing population, noting that the private sector has a critical role to play in creating opportunities for youths to be gainfully employed and in nation building.
This, Symington added, would help to address poverty in the country and rising insecurity due to the high rate of unemployment.

He encouraged Otedola to explore partnerships with U.S. companies interested in investing in solar power projects and exports.

Responding, Otedola, who in addition to being the majority shareholder in Forte Oil, is also an investor in the Geregu power plant in Ajaokuta, Kogi State and is expanding into solar power, thanked the U.S. ambassador for the visit and expressed his commitment to working with international businesses to expand his footprint in the country.